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Compute the contribution margin ratio, Break even point and Margin of Safety and number of units sold to earn targeted profits.
The following is Alsatia Corporation's contribution format income statement for last month:
Sales
$1,400,000
Variable expenses
900,000
Contribution margin
500,000
Fixed expenses
300,000
Net operating income
$200,000
The company has no beginning or ending inventories and produced and sold 10,000 units during the month. Required: a. What is the company's contribution margin ratio? b. What is the company's break-even in units? c. If sales increase by 100 units, by how much should net operating income increase? d. How many units would the company have to sell to attain target profits of $225,000? e. What is the company's margin of safety in dollars? f. What is the company's degree of operating leverage?
Determine the current requirement under GAAP and IFRS,
Using the subsequent information from Alfred's year 1, year 2, and year 3 Schedule K-1, determine his tax basis the end of year 2 and year 3.
Journal entries for unexpectedly pays past-due balance on its account. Bibby Company unexpectedly pays the $6,320 past-due balance on its account that was previously written off. The first entry is to reestablish the receivable.
Erroneously recorded and accounts payable and Prepare bank reconciliation as of 31 Oct from
Evaluate the amount and timing of revenue reported in the financial statements?
Determine the direct materials price variance and the direct materials efficiency variance for the year.
The company is contemplating a 2-for-1 stock split. Which of the following best describes your position after the proposed stock split takes place?
Given the following cash flows compute the payback period
Recomputed the company\'s unit product costs in accordance with your recommendations.
What expense could Sage Company record as a result of the facts above for the year ended 31 st December, 2012?
Which of the subsequent is not an advantage of post-audits of capital investments and What does the variable overhead efficiency variance tell management
Prepare forecasted Balance Sheets, Income Statements, and Statements of Cash Flow for Parent Manufacturing for years 2014 and 2015. Explain details regarding any assumptions you make to complete this task.
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