| 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 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 | ||||
|
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 | 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 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 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 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. 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 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
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 Information | Amount | |
| 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 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