User Account

All Pages

What will the after tax profit actually be

Assignment Help Accounting Basics
Reference no: EM132648440

Information for Melong Industries is provided below.

Average selling price per unit $10.00

Average variable costs per unit

Cost per unit 5.00

Selling Costs 1.40

Annual fixed costs:

Selling 240,000

Administration 380,000

After tax profit target 126,000

Tax rate 30%

Required:

Question A. Calculate the before-tax profit

Question B. Calculate the number of units that need to be sold in 2015 to reach the after tax profit target.

Question C. If the sales units in 2015 should be 25 per cent less than required to meet the after tax profit target, what will the after tax profit actually be?

Reference no: EM132648440

Questions Cloud

Discuss what is the market for corporate take overs : Discuss What is the market for corporate take overs and how would its existance encourage organisations to make accounting disclousures even
Purchasing process from commencement of a store : Explaining the purchasing process from commencement of a store raising a purchase requisition to the final payment stage.
Creating a document flowchart for the assignment : Creating a document flowchart for the assignment. The salesperson enters the customer order into the salesperson's mobile device
Calculate the profitability index of the project : A 50- year project has a cost of $500,000 and has annual cash flows of $100,000 in years 1-25, and $200,000 in years 26-50. The company's required rate is 8%.
What will the after tax profit actually be : If the sales units in 2015 should be 25 per cent less than required to meet the after tax profit target, what will the after tax profit actually be?
How can companies encourage customers to share : Determined by the amount of personal data customers are willing to provide. How can companies encourage customers to share their personal information?
Do you agree with the decisions made in the beaumont case : Do you agree with the decisions made in the Beaumont case with regard to the terminations of Antilla and Brandt? Why or why not?
Which alternatives represents a payroll withholding : Which of the following alternatives represents a payroll withholding that the employer must recognize as debt in their statements?
Explain what is the market for corporate take overs : Explain What is the market for corporate take overs and how would its existance encourage organisations to make accounting disclousures

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is ramy corporation''s alternative minimum tax liability

What is Ramy Corporation's alternative minimum tax liability, What is Ramy Corporation's alternative minimum tax liability if ACE

  How the given balances would be presented

Youngman Corporation has temporary differences at December 31, 2017, that result in the following deferred taxes.

  Journal entries for bond issuance-interest-amortization

Please describe how to prepare necessary journal entries to record the issuance of bonds, the periodic interest, and amortization of bond premiums and discounts.

  What is the approximate inventory on February

A fire destroys all of the merchandise of Cheyenne Company on February 10, 2017. What is the approximate inventory on February 10, 2017

  Prepare the income statement for january

Prepare the income statement for January, Accounts receivable

  What is XPOs minimum tax credit carryover

XPO's 2018 tax liability before any MTC carryover is $33,000. What is XPO's minimum tax credit carryover to 2019, if any

  Calculate buckeye companys 2019 operating cycle

The following selected account balances were taken from Buckeye Company's general ledger at January 1, 2019 and December 31, 2019: Calculate Buckeye Company's 2019 operating cycle. Enter your answer as a number (i.e., 94). Do not use decimals or a $ ..

  Denise co has five employees each of whom earns 3000 per

denise co. has five employees each of whom earns 3000. per month and has been employed since january 1. fica social

  Compute the net present value of each project

The equipment's salvage value is zero, and Doug uses straight-line depreciation. Compute the net present value of each project

  What is the net cash received over the life of the bond

The straight line method of amortization is used for both premiums & discounts. What is the net cash received over the life of the bond investment

  Analyze the strategic objectives of the samsung organization

Analyze the strategic objectives of your the Samsung organization and reflect on your contribution towards achieving such objectives.

  Mickey corporation decided to discontinue its retail

presented below is pre-tax financial information of the mickey corporation for 20x8.cost of goods

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd