Determine the margin of safety as a percentage

Assignment Help Accounting Basics
Reference no: EM132481255

Adams Company is considering the addition of a new product to its cosmetics line. The company has three distinctly different options: a skin cream, a bath oil, or a hair coloring gel. Relevant information and budgeted annual income statements for each of the products follow.

 

Relevant Information

Skin Cream

Bath Oil

Color Gel

Budgeted sales in units (a)

102,000

182,000

62,000

Expected sales price (b)

$                 8

$                   3

$                  10

Variable costs per unit (c)

$                 2

$                   1

$                    6

Income statements

 

 

 

Sales revenue (a x b)

$ 816,000

$ 546,000

$ 620,000

Variable costs (a x c)

(204,000)

(182,000)

(372,000)

Contribution margin

612,000

364,000

248,000

Fixed costs

(360,000)

(200,000)

(60,000)

Net income

$ 252,000

$ 164,000

$ 188,000

Question A. Determine the margin of safety as a percentage for each product.

Question B. revised income statements for each product, assuming a 20 percent increase in the budgeted sales volume.

Question C. For each product, determine the percentage change in net income that results from the 20 percent increase in sales.

Question D.Assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line?

Question E. Assuming that management is optimistic and risk aggressive, which product should the company add to its cosmetics line?

Reference no: EM132481255

Questions Cloud

Determine and explain a possible labor standard : Determine and explain a possible labor standard and challenges the company Intel could encounter investigating any variances from this labor standard
What is the estimated economic order quantity : What is the estimated economic order quantity for the goat cheese?
Explain possible materials standard and challenges apple inc : Explain possible materials standard and challenges APPLE Inc. could encounter investigating any variances from this standard.give the example
What the equivalent units of production were : 60,000 were finished and the remaining 30,000 were one-third complete at the end of the period. Using FIFO, the equivalent units of production were
Determine the margin of safety as a percentage : Assuming that management is pessimistic and risk averse, which product should the company add to its cosmetics line? Determine the margin of safety as a percent
What is the value of this bond assuming a required rate : Geico insurance issued a 10 year bond with an annual coupon of 11%. What is the value of this bond assuming a required rate of return of 7.02%?
What is the operating cash flow : The salvage value of the fixed assets is $10,500 and the tax rate is 34 percent. What is the operating cash flow?
Discuss what the key advantages of using the ERP : Discuss what the key advantages of using the ERP would be for AVC; list 5 valuable resources available within NetSuite that you feel would exemplify
What two scenarios would require the auditor : What two scenarios would require the auditor to modify their audit opinion? Is this change based on the severity of the circumstances?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd