Questions
BiltMore Bicyle Corporation+B2:C23B14B2:C22 Consolidated Income Statement For the Year Ended December 31, 2018 Revenue Sales 57,304,000...

BiltMore Bicyle Corporation+B2:C23B14B2:C22
Consolidated Income Statement
For the Year Ended December 31, 2018
Revenue
Sales 57,304,000
Sale Return -221,600
Net Sales 57,082,400
Cost of Goods sold -5,771,950
Contribution Margin 51,310,450
Expenses:
Corporate Salaries 3500000
Corporate benefits 1250000
Salaries and benefits (retail staff) 398,268
Utility expense 145,400
Supply expense 1,540,000
Interest expense 700,000
Marketing cost 210,000
Contribution and Community Involvement 58,000
Direct Cost 9,196,000
Labor: Variable 1,408,000
Labor: fixed 1,280,000
Supervision 1,200,000
Energy: Variable 1,440,000
Energy:fixed 1,240,000
Depreciation 2,700,000
Head office 2,280,000
Other cost 2,967,000
Total Expenses 31,512,668
Operating Income 19,797,782
Income tax 5,741,356.78
Net Income 14,056,425.22

Profit margin

complete a vertical analysis where total Sales = 100%. Then compute the following financial ratios:

Contribution Margin %

Profit Margin %

27%

In: Accounting

Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the...


Greg’s Bicycle Shop has the following transactions related to its top-selling Mongoose mountain bike for the month of March. Greg's Bicycle Shop uses a periodic inventory system.

  Date Transactions Units Cost per
Unit
Total Cost
  March 1 Beginning inventory 20    $250       $ 5,000     
  March 5 Sale ($400 each) 15   
  March 9 Purchase 10    270       2,700     
  March 17 Sale ($450 each) 8   
  March 22 Purchase 10    280       2,800     
  March 27 Sale ($475 each) 12   
  March 30 Purchase 9    300       2,700     
$ 13,200     


7. If Greg’s Bicycle Shop chooses to report inventory using LIFO instead of FIFO, record the LIFO adjustment. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)
  

5. Calculate sales revenue and gross profit under each of the four methods.(Round weighted-average cost amounts to 2 decimal places.)
  

In: Accounting

Required information An analysis of Abbey Company's operating segments provides the following information: Operating Segment Revenues...

Required information

An analysis of Abbey Company's operating segments provides the following information:

Operating
Segment
Revenues Segment
Profit (Loss)
Segment
Assets
External Intersegment
A $ 30 $ 27 $ 6 $ 40
B 45 0 32 120
C 36 0 (7 ) 82
D 200 116 4 190
E 44 0 (72 ) 38

Refer to the above information. Which of the operating segments above are reportable segments?

Multiple Choice

  • B, C, and D

  • A, B, D, and E

  • B, D, and E

  • A, B, C, D, and E

Refer to the above information. Which of the operating segments above meet the revenue test?

Multiple Choice

  • B, D, and E

  • A and D

  • A, B, and D

  • B, C, D, and E

Refer to the above information. Which of the operating segments above meet the operating profit (loss) test?

Multiple Choice

  • B and E

  • A and B

  • A, B, and E

  • A, B, C, and E

In: Accounting

3. Tar in cigarettes: Listed below are amounts of tar (mg per cigarette) in sing size...

3. Tar in cigarettes: Listed below are amounts of tar (mg per cigarette) in sing size cigarettes. 100-mm menthol cigarettes, and 100-mm non menthol cigarettes. The king size cigarettes are nonfiltered, nonmenthol, and nonlight. The 100-mm menthol cigarettes are filtered and nonlight. The 100-mm nonmenthol cigarettes are filtered and nonlight. Use a .05 significance level to test the claim that the three categories of cigarettes yield the same mean amount of tar. Given that only the king-size cigarettes are not filtered, do the filters appear to make a difference?

King 20 27 27 20 20 24 20 23 20 22 20 20 20 20 20 10 24 20 21 25 23 20 22 20 20

Menthol 16 13 16 9 14 13 12 14 14 13 13 16 13 13 18 9 19 2 13 14 14 15 16 6 8

One-Hundred 5 16 17 13 13 14 15 15 15 9 13 13 13 15 2 15 15 13 14 15 16 15 7 17 15

In: Math

Three identical blocks, A, B, and C, are on a horizontal frictionless table. The blocks are...

Three identical blocks, A, B, and C, are on a horizontal frictionless table. The blocks are connected by strings of negligible mass, with block B between the other two blocks. If block C is pulled horizontally by a force of magnitude F = 49 N, find the tension in the string between blocks B and C.

In: Physics

Given the following Regression from an applied research which has three main variables DLRGDP –DRT-Trend interpret...

Given the following Regression from an applied research which has three main variables DLRGDP –DRT-Trend interpret these results in an economic vision ( the tested variables significance , the model significance , the model Strength , the difference between R2 and ANOVA test , the relation between T-test and Probability )

In: Statistics and Probability

Design a correlational study, you will need two variables with at least five sets of data....

Design a correlational study, you will need two variables with at least five sets of data. between these two variables: time spent playing video games and aggression.

My question:

Assume the study produces a correlation of .56 between the variables. Analyze three possible causal reasons for the relationship.

In: Statistics and Probability

3.1. Explain the difference between the short-run and the long-run production function. Cite one example of...

3.1. Explain the difference between the short-run and the long-run production function. Cite one example of this difference in a business situation. (6)

3.2. Explain the relationship between the law of diminishing returns and the three stages of production using a graph showing total, marginal and average product. (10)

In: Economics

Considering that the company has a unit break-even point of 600 units, what is the margin of safety in terms of both units and sales revenue?

APPLY THE CONCEPTS: Margin of Safety
Margin of safety can allow you to see how much padding there is for your company between profit and loss. If this number is great, it may indicate that your company is performing very well. If this number is small, it may be worth looking into possible remediation. Consider the following pricing and cost information:

Price and Cost InformationAmount
Selling Price per Unit$400
Variable Cost per Unit$325
Total Fixed Cost$45,000

For the upcoming period, the company projects that it will sell 1,000 units. Considering that the company has a unit break-even point of 600 units, what is the margin of safety in terms of both units and sales revenue? Round your answers to two decimal places, if necessary.

Margin of Safety in Units =  -  =


Margin of Safety in Sales Revenue = $ - $ = $

In: Accounting

(A) If an increase in pollution abatement or environmental quality would increase social net benefit, what...

(A) If an increase in pollution abatement or environmental quality would increase social net benefit, what change in the allocation of society's scarce resources between "other things" and the environment would be necessary to capture the increase in net benefits? (B) Define what is revenue, how is it generated, and what change in the allocation of society's scarce resources would be created by an increase in revenue. (C) What is cost, how is it generated, and what change in the allocation of society's scarce resources would be created by an increase in the cost of an input. (D) Explain how a current user of land, to produce a private good such as agriculture or timber, would become a producer of a public good such as wildlife, biodiversity or carbon sequestering. (E) Explain why having no price required to be paid for using or consuming environment services results in underproduction of environmental services.

In: Economics