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Austin, Inc., produces small scale replicas of vintage automobiles for collectors and museums. Finished products are built on a 1/20 scale of originals. The firm's income statement showed the following:
Revenues (1,500 units) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $840,000Variable expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 462,000Contribution margin . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $378,000Fixed expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 290,000Operating income . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 88,000An automated stamping machine has been developed that can efficiently produce body frames, hoods, and doors to the desired scale. If the machine is leased, fixed expenses will increase by $30,000 per year. The firm's production capacity will increase, which is expected to result in a 20% increase in sales volume. It is also estimated that labor costs of $28 per unit could be saved because less polishing and finishing time will be required.Required:a. Calculate the firm's current contribution margin ratio and break-even point in terms of revenues. (Round your answer.)b. Calculate the firm's contribution margin ratio and break-even point in terms of revenues if the new machine is leased.c. Calculate the firm's operating income assuming that the new machine is leased.d. Do you believe that management of Austin, Inc., should lease the new machine? Explain your answer.
Prepare journal entries to record each of the December transactions and events for Business Solutions. Post those entries to the accounts in the ledger.
Selected comparative financial statements of Tripoly Company follow.
A company makes a product out of metal. They employ two pounds of metal that costs them $20 per pound. They pay their employees $25 an hour and it takes average of 1.3 hours for them to make the final product.
What qualitative factors (that is, issues with vendors, customers, or within the product itself) should the Ski Pro Corporation consider in determining whether they should make or buy the bindings?
1.Refer to Gazelle Corporation's financial statements and related information in Problem 16- 1B. In Problem 16- 1B, Gazelle Corporation,
In 2010, the Bayside Chemical Company prepared the following analysis of an investment proposal for a new manufacturing facility: . Do you have any suggestions that might increase the project’s net present value? (No calculations are required.)
Company A is a manufacturer with current sales of $ 6,000,000 and a 60% contribution margin.
Write a 300 to 500 word paper on strengths and weaknesses of the different methods involved in creating a qualitative forecast (methods: Jury of Executive Opinion, Delphi Method, Sales Force Composite and Consumer Survey).
George Ltd manufactures two types of coils used in electric motors. The two types are: C20 and D40. They both require plastic and metal. Information for the two products for the month of April is given
Near end of 2011, the management of Simid Sports Co., merchandising company, prepared the following estimated balance sheet for December 31, 2011: Simid Sports' single product is bought for $30 per unit and resold for $60 per unit.
use strategic management principles and technologies in making and assessing business decisions for profit and not for profit organisations and evaluate and use quantitative and qualitative information to measure financial and non financial perfor..
Uncollectible accounts expense is determined by the direct write-off method. Which of the following will be amount of uncollectible accounts expense?
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