User Account

All Pages

The holiday card company a producer of speciality cards has

Assignment Help Accounting Basics
Reference no: EM13484522

The Holiday Card Company, a producer of speciality cards, has asked you to complete several calculations based upon the followin information:

Income Tax rate: 40%

Selling price per unit: $7.90

Varibale cost per unit: $5.78

Total Fixed Cost: $84,800.00

Required:

a) What is the unit contribution margin?

b) What is the contribution margin ratio?

c) what is the break even point in cards?

d) If your sales doubled,

-What would be the effect on total fixed costs? Total variable costs?

- What would be the degree of operating leverage?

e) What sales volume is needed to earn an after-tax nest income of $13,028.40? how may cards must be sold?

Reference no: EM13484522

Questions Cloud

The balance sheet of the delta corporation shows a capital : the balance sheet of the delta corporation shows a capital structure as followscurrent liabilities 0bonds 6
Calculate the total amount of cash that would be paid to : the balance sheet caption for common stock iscommon stock no par value 7000000 shares authorized 4600000 shares issues
Herken company is a closely held corporation with a capital : herken company is a closely held corporation with a capital structure composed entirely of common stock and retained
Clculate the current market value of a share of celtic : celtic jewelry designs has experienced recent growth which is expected to continue at a 6 rate per year forever. next
The holiday card company a producer of speciality cards has : the holiday card company a producer of speciality cards has asked you to complete several calculations based upon the
Rhonda pollak company is considering three investments : rhonda pollak company is considering three investments whose initial costs and internal rates of return are given
Two bond rating agencies moodys and standard and poors : two bond rating agencies moodys and standard and poors lowered the ratings on appleton industries bonds from triple-a
Given the fair prices at the various yields to maturity can : radiologic technologies has several bond issues on the new york stock exchange. with identical coupon rates of 8.75
On september 17 2013 ziltech inc entered into an agreement : on september 17 2013 ziltech inc. entered into an agreement to sell one of its divisions that qualifies as a component

Reviews

Write a Review

Accounting Basics Questions & Answers

  Equivalent units for the conversion costs

During September 50,000 units were started; 5,000 of these were still in process at the end of September and were 3/5 finished. The equivalent units for the conversion costs in September were:

  Determine the patent amortization expense

Determine the patent amortization expense for the current year ended December 31, 2010

  Question 11nbspfact pattern for questions 11 and 12 sandra

question 11nbspfact pattern for questions 11 and 12 sandra owned a rental apartment building in her sole name for four

  Joint costs according to the proportion of units

What is the amount of the joint costs allocable to A before the changes are made to the existing production process assuming the company allocates its joint costs according to the proportion of units produced?

  Tampa foundry began operations during the current year

tampa foundry began operations during the current year manufacturing various products for industrial use. one such

  Gain-loss recognition on the distribution of land

John's basis in his stock is $25,000. What gain or loss will John and Bass Corporation recognize on the distribution of the land?

  Determine accounts and financial statements of recording

A business issued a 60-day, 7% notes for $ 15,000 to a creditor on account. Illustrate the effects on the accounts and financial statements of recording (a) the issuance of the note and (b) the payment of the note at maturity, including interest.

  Analyse a set of financial statements

PM 106:  Learning outcomes to be examined in this assessment: Analyse a set of financial statements including Income Statement, Statement of Financial Position and Statement cash flows.

  Determining amount of interest expense

The bonds mature on January 1, 2019. Solo paid $50,000 in bond issue costs. Solo uses straight-line amortization. The amount of interest expense for the year is:

  Calculate the annual cash dividends

Calculate the annual cash dividends to be paid for each of these preferred stock issuances:

  Ratio calculations

ratio calculations for  Current ratio for Plunkett Co. and for Herring Co,Acid Test ratio for Plunkett Co. and for Herring Co Accounts Receivable ratio for Plunkett  and for Herring Co

  In the month of june davis computers paid three months rent

in the month of june davis computers paid three months rent in advance. the journal entry to record this transaction

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd