The Wade Corporation has the capacity to produce 10,000 units per year. Its predicted operations for...

The Wade Corporation has the capacity to produce 10,000 units per year. Its predicted operations for the year are as follows:

Sales (8,000 units @ $25 each)                        $200,000

Manufacturing costs:

Variable                                                         $8 per unit

Fixed                                                                 $50,000

Marketing and administrative costs:

Variable                                                         $1 per unit

Fixed                                                                 $15,000

The accounting department has prepared the following projected income statement for     the coming year for your use in making decisions.

Sales                                                                                               $200,000

Variable costs:

Manufacturing ($8 x 8,000)                            $64,000

Marketing ($1 x 8,000)                                       8,000                       72000

Contribution margin                                                                       $128,000

Fixed costs:

Manufacturing                                               $50,000                       

Marketing                                                        15,000                        65,000

Operating profit                                                                                $63,000

Required:

  1. Should the company accept a special order for 500 units at a selling price of $10? Assuming that there are no variable marketing and administrative costs for this order and that regular sales will not be affected, what is the impact of this decision on company profits?
  2. Suppose there was a one-time setup fee of $2,000 for the preceding order. Should the special order be accepted? Why?
  3. What other factors should be considered and how would they impact your decision to accept the special order?

In: Accounting

Lindon Company is the exclusive distributor for an automotive product that sells for $24.00 per unit...

Lindon Company is the exclusive distributor for an automotive product that sells for $24.00 per unit and has a CM ratio of 30%. The company’s fixed expenses are $118,800 per year. The company plans to sell 18,100 units this year.

Required:

1. What are the variable expenses per unit? (Round your "per unit" answer to 2 decimal places.)

2. What is the break-even point in unit sales and in dollar sales?

3. What amount of unit sales and dollar sales is required to attain a target profit of $46,800 per year?

4. Assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $2.40 per unit. What is the company’s new break-even point in unit sales and in dollar sales? What dollar sales is required to attain a target profit of $46,800?

In: Accounting

Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. and...

Natalie has prepared the balance sheet and income statement of Cookie & Coffee Creations Inc. and would like you to prepare the cash flow statement. The comparative balance sheet of Cookie & Coffee Creations Inc. at October 31, 2023 for the years 2023 and 2022 and the income statement for the year ended October 31, 2023, are presented below.

COOKIE & COFFEE CREATIONS INC.
Balance Sheet
October 31,
Assets 2023 2022

Cash

$29,074 $11,550

Accounts receivable

3,250 2,710

Inventory

7,897 7,450

Prepaid expenses

5,800 6,050

Equipment

102,000 75,500

Accumulated depreciation— equipment

(25,200) (9,100)

Total assets

$122,821 $94,160
Liabilities and Stockholders’ Equity 2018 2017

Accounts payable

$1,150 $2,450

Income taxes payable

9,251 7,200

Dividends payable

27,000 27,000

Salaries and wages payable

7,250 1,280

Interest payable

188 0

Note payable

10,000 0

Preferred stock, no par, $6 cumulative, 3,000 and 2,800 shares issued, respectively

15,000 14,000

Common stock, $1 par—25,930 shares issued and outstanding

25,930 25,930

Additional paid-in capital—treasury stock

250 0

Retained earnings

26,802 16,800

Less: Treasury stock

0 (500)

Total liabilities and stockholders’ equity

$122,821 $94,160
COOKIE & COFFEE CREATIONS INC.
Income Statement
Year Ended October 31, 2023

Sales

$485,625

Cost of goods sold

222,694

Gross profit

262,931

Operating expenses

Salaries and wages expense

$147,979

Depreciation expense

17,600

Other operating expenses

48,186 213,765

Income from operations

49,166

Other expenses

Interest expense

$413

Loss on disposal of plant assets

2,500 2,913

Income before income tax

46,253

Income tax expense

9,251

Net income

$37,002


Additional information:

1. Equipment (cost $4,500 and book value $3,000) was disposed of at the beginning of the year for $500 cash and replaced with new equipment purchased for $4,000 cash.
2. Additional equipment was bought for $14,000 on November 1, 2022. A $12,000 note payable was signed. The terms provide for equal semi-annual installment payments of $2,000 on May 1 and November 1 of each year, plus interest of 5% on the outstanding principal balance.
3. Other equipment was bought for $13,000 cash.
4. Dividends were declared on the preferred and common stock on October 15, 2023, to be paid on November 15, 2023.
5. Accounts payable relate only to merchandise creditors.
6. Prepaid expenses relate only to other operating expenses.

Prepare a statement of cash flows for Cookie & Coffee Creations Inc. for the year ended October 31, 2023, using the indirect method. (Show amounts that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)Partially correct answer iconYour answer is partially correct.

Prepare a statement of cash flows for Cookie & Coffee Creations Inc. for the year ended October 31, 2023, using the direct method. (Show amounts in the investing and financing sections that decrease cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000).)

$Enter a dollar amount

In: Accounting

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock...

Metallica Bearings, Inc., is a young start-up company. No dividends will be paid on the stock over the next 10 years because the firm needs to plow back its earnings to fuel growth. The company will pay a dividend of $10 per share 11 years from today and will increase the dividend by 7 percent per year thereafter.

If the required return on this stock is 14 percent, what is the current share price?

Lohn Corporation is expected to pay the following dividends over the next four years: $10, $7, $6, and $2. Afterward, the company pledges to maintain a constant 6 percent growth rate in dividends forever.

If the required return on the stock is 12 percent, what is the current share price?

Synovec Co. is growing quickly. Dividends are expected to grow at a rate of 23 percent for the next 3 years, with the growth rate falling off to a constant 6 percent thereafter.

If the required return is 11 percent and the company just paid a $1.30 dividend. what is the current share price?

In: Finance

Describe how to collect data and to monitor target behaviors and replacement behaviors. What is a...

Describe how to collect data and to monitor target behaviors and replacement behaviors.

What is a major drawback of FBA?

In: Psychology

What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond...

  1. What is the yield to maturity on a 10-year, 9% annual coupon, $1,000 par value bond that sells for $887.00? That sells for $1,134.20? What does the fact that a bond sells at a discount or at a premium tell you about the relationship between and the bond’s coupon rate?
  2. What are the total return, the current yield, and the capital gains yield for the discount bond? (Assume the bond is held to maturity and the company does not default on the bond.)

In: Finance

Review Question: 1. How do painters, sculptors or architects create different textures on their work? 2....

Review Question:
1. How do painters, sculptors or architects create different textures on their work?

2. Why is design important for an artist! For an observer?

In: Civil Engineering

what is Kant’s basic approach to morality in general, the different formulations of the Categorical Imperative,...

what is Kant’s basic approach to morality in general, the different formulations of the Categorical Imperative, and actions that are deemed morally wrong via the Categorical Imperative

In: Psychology

1) ABC Ltd is considering a project which will require the purchase of a machine for...

1) ABC Ltd is considering a project which will require the purchase of a machine for RO1,000,000 at time zero, this machine will have a scrap value at the end of its four - year life: this will be equal to its written - down value. (25% declining balance writing - down allowance on the machine each year). Corporation tax, at a rate of 30% of taxable income, is payable. ABC Ltd's required rate of return is 12%. Operating cash flows, excluding depreciation, and before taxation, are forecast to be: Time (year) 1 2 3 4 Cash flows before tax 300,000 500,000 400,000 200,000 Note: All cash flows occur at year ends.

2) XYZ Company is considering the purchase of a new machinery which will result in a capital outlay of RO25,000. The machinery is useful for five years. The expected salvage value at the end of its useful life is RO4,000. It is expected that the machinery will fetch an additional income (Cash flow before tax) of RO5,000 (Year 1), RO7,500 (Year 2), RO10,000 (Year 3). RO5,000 (Year 4) and RO5,000 (Year 5) during the five years. The tax rate is 109. Assume that the company is expecting a minimum rate of return of 12%, Will you recommend the purchase of machinery? (Use NPV Method)
2)

In: Accounting

You have found a mutual fund that you would like to invest in that will earn...

You have found a mutual fund that you would like to invest in that will earn 5% annually. If you invest $1000 each year for the next 10 years, how much will you have at the end of those 10 years, approximately?

$18,753

$10,000

$12,578

$1,628

In: Finance

Stern Associates is considering a project that has the following cash flow data. What is the...

Stern Associates is considering a project that has the following cash flow data. What is the project's payback? Show Work!

Year

0

1

2

3

4

5

Cash flows

-$1,000

$400

$410

$420

$430

$440

In: Finance

Using c++, Write a program to perform the multiplication of 10 consecutive number starting from 5?...

Using c++, Write a program to perform the multiplication of 10 consecutive number starting from 5?

Write a program to perform the summation of 10 even number starting from 2?

Write a program to perform the summation of 10 odd number starting from 2?

Write a program to perform the summation of 10 number starting from 2 and increment is

given by user?

Write a program to combine all operations from 1 to 4 in a single program using ‘Switch’

statement. Ask user whether they want to continue or not after one run of the program.

In: Computer Science

PSEUDOCODE: 1. You are designing software for a voting booth. Please create pseudocode for a modular...

PSEUDOCODE:

1. You are designing software for a voting booth. Please create pseudocode for a modular program that:

  • - Takes in a user inputted integer for age. If their age is below 18, display "you are too young to vote"

  • - Only If their age is high enough, please ask them which candidate they wish to vote for. Valid options are "dog", "cat", "horse"

  • - If they did not choose a valid option display "you did not choose a valid option"

  • - If they were old enough and chose a valid option display
    "You voted for <name>" where name represents the candidate they chose

    You may create modules / functions as you please but there must be at least 2 modules or functions and they must be meaningful. You can not just group arbitrary statements to gether.

    Make sure to test our your solution on your own by plugging values in before submitting the pseudocode for the program.

    2. Define a function in pseudocode named 'passwordChecker'that has one String parameter named password and returns True if the password was 'batman' or 'robin' and False if the password was anything else. You do not need to display anything or create any modules. Just simply a function definition.

In: Computer Science

4) Short answer question There are those that argue that the current 'unemployment' and inflation numbers...

4) Short answer question
There are those that argue that the current 'unemployment' and inflation numbers are not an accurate depiction of the true numbers. Do some digging and see what’s behind those arguments.

In: Economics

Design a concrete mixture that has a 28 day compressive strength of 4000 psi and a...

Design a concrete mixture that has a 28 day compressive strength of 4000 psi and a maximum size aggregate of 0.75 in. The concrete would be placed in a column exposed to freezing and thawing and will be in contact with a soil that has a sulfate content of 0.3%.

Step 1: Assemble information from specifications and local materials

Cement:

Use any type and assume a specific gravity of 3.15

Coarse Aggregate:

Bulk Specific Gravity (BSG) – 2.65

Absorption Capacity – 1.5%

Surface Moisture – 1.0%

Dry-Rodded Unit Weight = 105 lb/ft^3

Fine Aggregate:

Bulk Specific Gravity (BSG) – 2.75

Absorption Capacity – 1.0%

Surface Moisture – 3.0%

Fineness Modulus – 2.7

Step 2: Select Slump

Step 3: Determine the maximum size of the aggregate

Step 4: Estimate the mix water and the air content

Step 5: Choose the water-to-cement ratio

Step 6: Determine the Cement Content

Step 7: Estimate the Coarse Aggregate Content

Step 8: Estimate the Fine Aggregate Content for a cubic yard

Step 9: Adjust for Moisture

Step 10: Summarize batch proportions in a table

In: Civil Engineering