Effect on net income

Assignment Help Financial Accounting
Reference no: EM13918486

Sales price $4.6 per unit

Variable costs $3.43 per unit

Fixed Costs $5345

Units sold 20711

What is the effect on net income if sales is increased by 1500 units?

Round your answer to the nearest whole number and do not use commas or dollar signs.

 

 

Reference no: EM13918486

Questions Cloud

Name three industries that are currently red oceans : Explain why information gathering is an essential element in strategic management process.
The company engaged in the following investment transactions : Media, Inc., began 2013 with $100,000 in both cash and common stock. The company engaged in the following investment transactions during 2013:
How much should you charge for the option : You own a lot in Key West, Florida, that is currently unused. Similar lots have recently sold for $1,290,000. Over the past five years, the price of land in the area has increased 5 percent per year, with an annual standard deviation of 34 percent. H..
Ownership to bill : Keith has a capital balance of $50,000 and Jim has a capital balance of $35,000. Jim sells $15,000 of his ownership to Bill. Which of the following is true of the journal entry to admit Bill?
Effect on net income : What is the effect on net income if sales is increased by 1500 units.
Which type of cost system-process or job order : Which type of cost system, process or job order, would be best suited for each of the following: (a) TV assembler, (b) building contractor, (c) automobile repair shop, (d) paper manufacturer, (e) custom jewelry manufacturer? Give reasons for your ans..
Discussing the possibility of major project for real estate : In establishing the need for marketing research, which of the following would serve as a good decision rule for managers?
Application of an anthropological perspective : The education system in America has taken a turn for the worst in most cases. The emphasis on the value of education itself has somehow taken a back seat to fame and fortune of an educated or uneducated person.
What is its required return : You have a portfolio with a beta of 1.35. What will be the new portfolio beta if you keep 85 percent of your money in the old portfolio and 15 percent in a stock with a beta of 0.78? Paccar’s current stock price is $48.20 and it is likely to pay a $0..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Compute value of the inventories using the dollar

Compute Walmart inventory turnover and the average days to sell inventory for the fiscal year 2007. Compute value of the 2010 and 2011 inventories using the dollar value LIFO method.

  Calculate amount of sales revenue needed to achieve target

A seller of guitars wants to make a monthly profit of $5,100 selling his guitars. His instruments sell for $700.00 each. His fixed costs are monthly rent and utilities/$1,210., $2,500./Wages and benefits to his employee, and other expenses of $481.00..

  Maintain a certain working capital ratio

Given current economic conditions and individual operating results, companies may not comply fully with lender restrictions on debt and, thus, fail to meet one of the debt covenant requirements (e.g., to maintain a certain working capital ratio). Wha..

  Find out the price of the bonds at january

On December 31, 2011, the fair value of the bonds was $668,000 as determined by their market value in the over-the-counter market. Find out the price of the bonds at January 1, 2011, and prepare the journal entry to record their issuance.

  What the earnings before income taxes for year ended august

Determine what total inventories at August 31, 2004, would have been, using the fifo method, and what earnings before income taxes for year ended August 31, 2004, would have been if fifo had been used instead of lifo.

  What is the corporations current earnings and profits

Ardbeg Corporation has $800,000 of taxable income on which it pays a tax of $272,000. What is the corporation's current earnings and profits?

  Calculate the manufacturing margin as a percent of sales

Westerman Equipment Inc. manufactures and sells kitchen cooking products throughout the state-The company employs two salespersons.

  Prepare bond amortization schedule showing interest expense

P & P Products issued $1,800,000 of face value bonds on April 1, 2012. The bonds were sold for $1,908,000. They pay 8% interest each year on December 31st and come due in 10 years from their date of January 1, 2012. Prepare a bond amortization schedu..

  Explain the difference in unit costs using the two methods

Allocate the joint costs to the two products using the physical measures method. Explain the difference in unit costs using the two methods.

  Future taxable amounts and and future deductible amounts

Define temporary differences, future taxable amounts, and future deductible amounts.

  What is the effect of an increase in the price of market

What is the effect of an increase in the price of market goods on a worker's reservation wage, probability of entering the labor force, and hours of work?

  Determine cash collections

Ranger Corp. had a beginning balance in accounts receivable of $70,000 and an ending balance of $91,000. Sales during the period were $483,000. Determine cash collections.

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