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Cardinal Castles, Inc., makes one type of birdhouse that it sells for $30 each. Its variable cost is $14 per house, and its fixed costs total $13,840 per year. Cardinal currently has the capacity to produce up to 2,000 birdhouses per year, so its relevant range is zero to 2,000 houses.1: Prepare a contribution margin income statement for Cardinal assuming it sells 1,100 birdhouses this year. (Input all amounts as positive values. Omit the "$" sign in your response.)Cardinal Castles, Inc.Contribution Margin Income StatementSales revenue:__________less: variable costs:__________contribution margin:__________less: fixed costs:__________income from operations:__________2: Without any calculations, determine Cardinal's total contribution margin if the company breaks even. (Omit the "$" sign in your response.)Total contribution margin:$__________3: Calculate Cardinal's contribution margin per unit and its contribution margin ratio. (Round your contribution margin ratio answer to 2 decimal places. Omit the "$" and "%" signs in your response.)Unit contribution margin:$__________Contribution margin ratio:__________%4: Calculate Cardinal's break-even point in number of units and in sales dollars. (Round your unit answer to the next whole number. Round your sales dollars answer to the nearest whole number. Omit the "$" sign in your response.)Break-even units:__________unitsBreak-even sales dollars:$__________5: Suppose Cardinal wants to earn $20,000 this year. Determine how many birdhouses it must sell to generate this amount of profit.Target unit sales:__________units
spring fresh produces premium bottled water. spring fresh purchases artesian water stores the water in large tanks and
Management accountants usually plan for a small positive cash balance in their cash budgets for all of the following reasons except and Labor efficiency has sometimes been incorrectly referred to in class
Assume that you are a consultant to Broske Inc., and you have been provided with the following data: D1 = $1.90; P0 = $45.50; and g = 7.00% (constant). What is the cost of equity from retained earnings based on the DCF approach?
For the fiscal year, sales were $4,125,800, sales discounts were $380,000, sales returns and allowances were $186,750, and the cost of merchandise sold was $2,475,500.
Evaluate the selling price and produce a contribution margin per
"International accounting standards are 'unusable" from an investor's viewpoint and make 'global allocation of capital more complex instead of simplifying it". Chief financial officers at large listed entities say.
First Factors assesses a service charge of 3% of the amount of receivables sold. Prepare the journal entry that Pinkston Textiles makes to record this sale.
Using the direct method, compute net cash provided (used) by operating activities. (If an amount reduces the account balance then enter with negative sign.)
Compute the volume in units and the dollar sales level necessary to maintain the present profit level, assuming that the maximum price increase is implemented.
Describe the factors to be considered in determining when revenue should be recognized in measuring the income of a business enterprise and describe the accounting alternatives that Bonanza Trading Stamps, Inc. could consider for the recognition o..
The machine would reduce cash operating costs by $114,000 per year. The machine could have no salvage value.
assume that three accountants have been selected to measure the net income of a firm under u.s. generally accepted
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