Question
In: Accounting
The budgets of four companies yield the following information: LOADING... (Click the icon to view the...
The budgets of four companies yield the following information:
LOADING...
(Click the icon to view the budget information for the four companies.)Read the requirements
LOADING...
.
Requirement 1. Fill in the blanks for each missing value. (Round the contribution margin per unit to the nearest cent. Use a minus sign or parentheses to enter an operating loss.)
|
Up |
||
|
Net Sales Revenue |
$992,000 |
|
|
Variable Costs |
||
|
Fixed Costs |
||
|
Operating Income (Loss) |
$42,500 |
|
|
Units Sold |
155,000 |
|
|
Contribution Margin per Unit |
$3.20 |
|
|
Contribution Margin Ratio |
% |
|
|
Down |
|
|
144,000 |
|
|
144,000 |
|
|
9,000 |
|
|
60 |
% |
|
Left |
|
|
$1,242,500 |
|
|
994,000 |
|
|
114,000 |
|
|
$71.00 |
|
|
% |
|
|
Right |
|
|
208,000 |
|
|
$44,400 |
|
|
$10.00 |
|
|
20 |
% |
Requirements 2. and 3. Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point?
Begin by showing the formula and then entering the amounts to calculate the breakeven point in sales dollars for each company. (Complete all answer boxes. Round the breakeven
pointlong dash—the
required sales in
dollarslong dash—up
to the nearest whole dollar. For example, $10.25 would be rounded to $11. Abbreviation used: CM = contribution margin.)
|
( |
+ |
) / |
= |
Required sales in dollars |
|||||
|
Up |
( |
+ |
) / |
% |
= |
|
Down |
( |
+ |
) / |
% |
= |
|
Left |
( |
+ |
) / |
% |
= |
|
Right |
( |
+ |
) / |
% |
= |
Which company has the lowest breakeven point in sales dollars? What causes the low breakeven point?
▼
Up Company
Down Company
Left Company
Right Company
has the lowest breakeven point, primarily due to
▼
its high fixed costs
its high sales price
its low fixed costs
.
Solutions
ekkarill92 answered 2 years agoRelated Solutions
The budgets of four companies yield the following information: The budgets of four companies yield the...
The budgets of four companies yield the following
information:
The budgets of four companies yield the following
information:
(Click the icon to view the budget information for the four
companies.)
Requirements
1.
Fill in the blanks for each company.
2.
Compute breakeven, in sales dollars, for each company. Which
company has the lowest breakeven point in sales dollars? What
causes the low breakeven point?
Company
Q
R
S
T
Target sales. . . . . . . . . ....
Harmony Corporation reported these figures: (Click the icon to view the balance sheet.) LOADING... (Click the...
Harmony Corporation reported these figures:
(Click the icon to view the balance
sheet.)
LOADING...
(Click the icon to view the income statement.)
Harmony Corporation has 2,000,000 shares of common stock
outstanding. Its stock has traded recently at $ 33.30 per share.
You would like to gain a better understanding of Harmony
Corporation's financial position. Assume all sales are on
credit.Read the requirement
LOADING...
.
a. Inventory turnover
Enter the formula on the first line, then calculate the
inventory turnover on...
BrooklynBrooklyn Corporation has the following activities for the past year: LOADING... (Click the icon to view...
BrooklynBrooklyn
Corporation has the following activities for the past year:
LOADING...
(Click the icon to view the data.)
Requirement
Prepare the operating activities section of
BrooklynBrooklyn
Corporation's statement of cash flows for the year ended
December 31, using the indirect method for operating cash flows.
(Use parentheses or a minus sign for numbers to be
subtracted.)
Brooklyn Corporation
Statement of Cash Flows—Operating Activities Section
(Indirect Method)
For the Year Ended December 31
Operating Activities:
Adjustments to reconcile net income to...
The budgets of four companies yield the following information:
The budgets of four companies yield the following
information:CompanyQRSTTarget sales . . . . . . . . . . . . . . . .$680,000$445,000$224,000$Variable expenses . . . . . . . . . .170,000156,000Fixed expenses . . . . . . . . . . . . .159,00093,000Operating income (loss) . . . . . .$150,000$$$131,000Units sold . . . . . . . . . . . . . . . . .106,80012,50016,000Contribution margin per unit...
Determine the t-value in each of the cases. LOADING... Click the icon to view the table...
Determine the t-value in each of the cases. LOADING... Click
the icon to view the table of areas under the t-distribution.
(a) Find the t-value such that the area in the right tail is
0.25 with 6 degrees of freedom. nothing (Round to three decimal
places as needed.)
(b) Find the t-value such that the area in the right tail is
0.025 with 19 degrees of freedom. nothing (Round to three decimal
places as needed.)
(c) Find the t-value such...
The budget for the Manchester University Printing Company for 20X1 follows: LOADING... (Click the icon to...
The budget for the Manchester University Printing Company for
20X1 follows:
LOADING...
(Click the icon to view the budget data.)
Edith Gable, the sales manager, has placed a £24,000 bid on a
particularly large order with a cost of £5,800 direct material and
£6,200 direct labor. The customer informs her that she can have the
business for £19,500, take it or leave it. If GableGable accepts
the order, total sales for 20X1 will be £1,110,450. Gable refuses
the order, saying,...
Determine the t-value in each of the cases. Click the icon to view the table of...
Determine the t-value in each of the cases.
Click the icon to view the table of areas under the
t-distribution.
(a) Find the t-value such that the area in the right tail is
0.10 with 10 degrees of freedom.
Determine the t-value in each of the cases. Click the icon to view the table of...
Determine the t-value in each of the cases.
Click the icon to view the table of areas under the
t-distribution.
(a) Find the t-value such that the area in the right tail is
0.10 with 5 degrees of freedom. __ (Round to three decimal places
as needed.)
(b) Find the t-value such that the area in the right tail is
0.025 with 29 degrees of freedom.__ (Round to three decimal places
as needed.)
(c) Find the t-value such that the...
The budgets of three companies yield the following information. fill in the blanks for each missing...
The budgets of three companies yield the following information.
fill in the blanks for each missing value. Carey Company: Net sales
Revenue ________, Variable Costs 196,000, Fixed Costs 162,000,
Operating Income (loss)__________, Units Sold 14,000, Contribution
Margin per Unit__________, Contribution Margin Ratio 60%.
Doren Company: Met Sales Revenue 950,000, Variable Costs
760,000, Fixed Costs 100,000, Operating Income(loss)__________,
Units Sold_________, Contribution Margin per Unit $76.00,
Contribution Margin Ratio____________.
Everest Company: Net Sales Revenue___________, Variable Costs
186,300, Fixed Costs____________, Operating Income (loss)...
Click on the following icon in order to copy its contents into a spreadsheet.) Balance...
Click on the following icon
in order to copy its contents into a spreadsheet.)
Balance Sheet Accounts of Roman Corporation
Account
Balance
12/31/2016
Balance
12/31/2017
Accumulated depreciation
$2,030
$2,668
Accounts payable
$1,797
$2,070
Accounts receivable
$2,479
$2,690
Cash
$1,307
$1,095
Common stock
$4,990
$4,990
Inventory
$5,807
$6,038
Long-term debt
$7,799
$8,192
Plant, property, and equipment
$8,407
$9,195
Retained earnings
$1,384
$1,098
Balance sheet. From the following balance sheet accounts in the
popup window,
,a. construct a balance sheet...
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