If sales increase by 10 what income from operations would

Assignment Help Accounting Basics
Reference no: EM13572273

Wind Bicycle company sold 500 bikes in december 2003. The selling price was $500 per unit, the variable expenses were $300 per unit. Wind incurred a total of $80000 fixed expenses for the month

I solved and got Income-20,000
Contribution Margin- 100,000
Unit Contribution Margin- 200
and Contribution margin ratio- 40%

How many bikes must be sold to earn a profit of $35,000?
How many bikes must be sold to break even?

What is the margin of safety percentage?

What is Wind Company's current degree of operating leverage?

If Sales increase by 10% what income from operations would the company have earned? What percentage increase in income from operations does this represent?

Reference no: EM13572273

Questions Cloud

What is the total product cost for an item it costs 1115 to : what is the total product cost for an item? it costs 11.15 to produce this includes packaging. below are the important
Market values are totally unappealing to me because they : critically evaluate these comments. please do not wander concentrate on the issues described by the quotation.to me
Finestra corporation produces a single product that it : finestra corporation produces a single product that it currently sells for 10. fixed expenses are 120000 for the year
In recent years walz company has purchased three machines : in recent years walz company has purchased three machines. because of frequent employee turnover in the accounting
If sales increase by 10 what income from operations would : wind bicycle company sold 500 bikes in december 2003. the selling price was 500 per unit the variable expenses were 300
Determine the amount of value-added and non-value-added : master chef appliance company manufactures home kitchen appliances. the manufacturing process includes stamping final
Mikes meats incurs costs of 4000 while processing raw : mikes meats incurs costs of 4000 while processing raw chicken meat into three products breasts wings and thighs. the
Leased heavy machinery from young leasing company the terms : on january 1 2004 digital inc. leased heavy machinery from young leasing company. the terms of the lease require annual
Flint fabricators inc machines metal parts for the : flint fabricators inc. machines metal parts for the automotive industry. under the traditional manufacturing approach

Reviews

Write a Review

Accounting Basics Questions & Answers

  Public company accounting oversight board

Evaluate the effectiveness of the PCAOB's oversight related to both corporate management's and a certified public accountant for addressing a material weakness in internal controls

  If the balance of the cash account is 107000 at the end of

during the month lathers co. received 473550 in cash and paid out 399700 in cash.if the balance of the cash account is

  What is total amount of interest expense incurred over

for mostly the same info as last problem i.e. for a 100000 face value bond issued for ritzy diner with 14 stated annual

  Asset and liability in the financial records

Johntech accounted for the lease as a capital lease and recorded an asset and a liability in the financial records. The asset recorded under this lease should properly be amortized over:

  Differences in book basis versus tax basis

The differences between the book basis and tax basis of the assets and liabilities at the end of 2008 are as follows: What is the journal entry to record income tax expense, deferred income taxes, and income tax payable for 2008?

  Calculate net cash provided by operating activities

Josh's PhotoPlus reported net income of $73,000 for 2012. Included in the income statement were depreciation expense of $7,000 and a gain on sale of equipment of $2,500. Josh's comparative balance sheets show the following balances.

  Franklin craft store completed following merchandising

franklin craft store completed the following merchandising transactions in the month of october. at the beginning of

  Capitalized cost of the ten-ton draw press

INstallation costs totaled $12,000, which included $4,000 for taking out a section of a wall and rebuilding it because the press was too large for the doorway. The capitalized cost of the ten-ton draw press is:

  A company manufactures three products using the same

a company manufactures three products using the same production process. the costs incurred up to the slit-off point

  Determine the interest rate that applies relative to amount

Gordon paid the $10000 balance of his federal income tax three months late. Ignore daily compounding of interest. Determine the interest rate that applies relative to this amount.

  If the expected sales volume for the current period is

if the expected sales volume for the current period is 89000 units the desired ending inventory is 1200 units and the

  Statements regarding the contribution margin ratio

Which of the following statements regarding the contribution margin ratio is not true?

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