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- 18. C ompany ABC buys a new machine with a list price of $50,000 plus an 8% sales commission. Shipping costs are $800 FOB Destination. Installation costs are $1000. What cost does Company ABC record for the new machine?: * O a. $47,000 O b. $50,000 O c. $54,000 d. $55,000 e. $55,800 19. Acme Company ages its accounts receivables based on the following schedule: Number of Days Past Due Not Due 1-30 31-90 Over 90 Total accounts receivable 30,000 20,000 10,000 5,000 Estimated % uncollectible 3% 5% 15% 30% If Acme's trial balance shows Allowance for Doubtful Accounts with a credit balance of $400, what adjusting entry is necessary for the Allowance for Doubtful Accounts?: * Oa. $1,500 O b. $3,400 O c. $4,500 d. $4,900 e. $5,300 20. Which of the following is defined as sales minus cost of goods sold?: * a. Net income Ob. Operating income c. Retained earnings Od. Income from continuing operations Oe. Gross profit 21. Which tax is displayed on the Income statement?: * O a. Sales tax O b.…Stong Company ppies ovehead based on machine hun Ahe begn ancturng iehead wodbe S20000 and machine houn woud 20.000 y 20 end atal u 2 Ohe ba ofhisbmaton he20t premined ndacal 04 per achine hour per mache hou per mache hour O permachne hour $22 per machne houlA company sells two products in the ratio 2:1 A B £ £ Selling price 2030 Variable costs 10 15 Given that fixed costs are £500,000, how many products in total will have to be sold to break even? Select one: O a. 50,000 O b. 35,000 O c. 42,500 O d. 45,000 Questio Not yet Marked Flag
- Company XYZ produces and sells 4,000 units.at this level, the company is making a profit of $20,000. Assuming total fixed expenses of $1,000 and variable expenses per unit of $0.75, how much was the selling price per unit? O a. 3 O b. 8 O c. O d. 4 O e. 6 S PAGE NEXT PAGE 14:10 to search A O 40) ENG 15-04-2021 hp art sc delete home end 144 %23 24 & num + backspace 6. 8 lock 7 V 8 A U home 1 48 5 0 enter D G K pause ↑ shift 11 C M end alt ctrlN3 nit Sales Price: $100 Unit Buying Price: $ 34 Unit Sales Premium: $ 6 Annual Rent Cost: $150.000 Annual Salaries: $350.000 Annual Advertisement Cost: $100.000 Calculate the break-even point activity and break-even point sales in dollarsSCRUMPTIOUS CUPCAKESProfit and loss accountfor the year ended 30 April 20202020£SalesSales 220,000Cost of sales 120,000Gross Profit 100,000ExpensesSalaries 24,000Other Fixed cost 4,800Distribution 3,000Advertising 4,500Rent 13,200AHUtilities 3,600Other Cost 4,00057,100Operating Profit 42,900 SCRUMPTIOUS CUPCAKESBalance Sheetas at 30 April 20202020£Fixed assetsIntangible assets -Tangible assets 35,000Investments -35,000Current assetsStocks 3,000Debtors 10,000Cash at bank and in hand 6,30019,300Written ReportsCreditors: amounts falling duewithin one year (11,300)Net Current Assets 8,000Total assets less currentliabilities 43,000Net Assets 43,000Capital and reservesCalled up share capital 100Profit and loss account 42,900Shareholders' funds 43,000 please calculate the folliwing ratios: Profitability Ratios – Gross Profit Margin, Net Profit Margin and ROCE● Liquidity – Current Test and Acid Test● Gearing● Activity/Performance – Stock Turnover, Debtors’ Collection Period and AssetTurnover…
- HEFIVD853 Corp. sells a single product. $15 $2.00 Selling price per unit Variable expense per unit (ID#52285) Current Sales in units 14,000 HEFIVD853's current net operating income is equal to 0.11 of current sales. Q: What is HEFIVD853's fixed cost? A: $ < Prev 14 of 25 N- MacBook ProQUESTION 8 Based on the data below calculate the company's combined cost? Annual requirements = 7500 units Ordering cost BD 12 Holding cost-80 0.5 O 125 300 Ⓒ45000 O 150 QUESTION 9 How long does it take for $14050 to grow to $26500, if interest rates are set at 15%2 O 4.54 years O423.33 years 0.50 years 12:23 years QUESTION 10 Areej invested BD 14000 12 years ago, today this investment is worth BD 52000, based on this what annualized rate has Aree earned on this investment? 11.00% O 2.75% 17.43% 8.01% QUESTION 11 Ahmed must pay off his car by paying SD 5700 at the beginning of each year for 12 years and is charged an interest of 8%. What is the present value of Ahmed's payments? OBD 48302.10 OBD 42955.64 BD 116823.19 BD 108160.62 QUESTION 12 Below is some information from Delta airlines financial statements Sales 345,000 COGS 167.000 Account receivable 21,500 Accounts payable 52.789 Inventory 3.500 Using this information calculate the company's cash conversion cycleingremng ly obede D T ta V ign Home Tooly Engineering foone Sign In Profit = 1,365,827-980,000 = 385,827 IQD ((This machine should be purchased, as it is considered to be profitable)) H.W 1- Find the internal rate using the method of Internal Rate of Return (IRR) if 1= 15%, for the table shown below. If the initial cost is (220,000 U) 350 380 400 0 0 500 1000 770 450 500 550 470 Cost (U) Revenue 780 650 690 450 880 660 890 770 (U) Year 1 2 3 4 5 6 8 10 0 AM 油
- Time left 0:06:54 An industry is selling a product for Rs. 10 per unit. The fixed cost for assets is Rs. 40000 with variable cost of Rs. 6 per unit. How many units should be produced to break even? of O a. OMR12000 estion O b. None of the options O c. OMR14000 O d. OMR10000 ious page Next page https://moodle1.du.edu.om/mc Tor 59% マー。 F2 FS F10 %23 & 1 3 7 V 8 Q R Y D F G Y H. J 1. C V }BYN 1M Alt しの י1ה - 1: 44 47 山ageNOWv2 | Online teachin X + m/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=&inprogress... If a business had sales of $3,894,000 and a margin of safety of 20%, the break-even point in sales dollars was Oa. $778,800 Ob. $3,115,200 Oc. $7,009,200 Od. $4,672,800EXERCISE S-10 Compute the Break-Even Polnt for a Multiproduct Company (LOS-9) Lucido Products markets two computer gamex Clatmjumper and Makeover. A contribution forunat hcome statement for a recent Month for the two games appears bekn Claimjumper Makeover Total Bales Variable experses $30,000 20,000 $10,000 $70,000 B0.000 $20,000 $100,000 70,000 30,000 24,000 $ 6.000 Contribution mrgin Fixed expenses Net operating inicome Required 1, Compute thbe overall contrilsution margin (CM) ratio for the company 2. Compute the overall break-even poiot for the company in dollar salos. 1Nerily the overall break-even point for the crimpany hy constructing a contributiin fomat income slatement showing the appropriaté levels of sales for the two prmducis.