User Account

All Pages

Thomas company has total fixed costs of 360000 and variable

Assignment Help Accounting Basics
Reference no: EM13484309

Thomas Company has total fixed costs of $360,000 and variable costs of $14 per unit. If the unit sales price is reduced from $24 to $20 and advertising is increased by $10,000, sales will increase from 40,000 to 65,000 units.

What are the contribution margin and net income under the revised conditions?

  1. $650,000 and $280,000 respectively.
  2. $400,000 and $40,000 respectively.
  3. $280,000 and $40,000 respectively.
  4. $390,000 and $20,000 respectively.
  5. $400,000 and $20,000 respectively.

Reference no: EM13484309

Questions Cloud

If two firms have the same current dividend and the same : if two firms have the same current dividend and the same expected growth rate their stocks must sell at the same
A product sells for 360 per unit and its variable costs per : a product sells for 360 per unit and its variable costs per unit are 290. the fixed costs are 588000. what is the
Which of the following is not a typical note included in an : which of the following is not a typical note included in an annual report?a. a note describing the auditors opinion of
Heavenly hotels inc will not pay any dividends for the next : heavenly hotels inc. will not pay any dividends for the next three years. heavenly will pay its first dividend of 2.00
Thomas company has total fixed costs of 360000 and variable : thomas company has total fixed costs of 360000 and variable costs of 14 per unit. if the unit sales price is reduced
Southwest technologys common stock is selling at 30 per : southwest technologys common stock is selling at 30 per share today. southwest just paid a 2 dividend. its dividend is
Larry james is planning to invest 25200 today in a mutual : larry james is planning to invest 25200 today in a mutual fund that will provide a return of 0.09 each year. what will
Which of the following is not one of the four items : which of the following is not one of the four items required to be shown in the heading of a financial statement?a. the
As stated in the audit report or report of independent : as stated in the audit report or report of independent accountants the primary responsibility for a companys financial

Reviews

Write a Review

Accounting Basics Questions & Answers

  Budgets are the driving force behind all organizations

budgets are the driving force behind all organizations. whether a manufacturing organization or a service organization

  Prepare the general journal entry for the issuance of bonds

2. The Bernard Company issues 8%, 10-year bonds with a par value of $250,000 and semiannual interest payments. On the date of issue, the annual market rate for these bonds is 10% and the selling price is 87 ½ .

  Xyz company deposited 15000 in bank account in return for

xyz company deposited 15000 in a bank account in return for issuing shares in the corporation. this transaction would

  Prepare the closing entries for ogilvy

The trial balance of Ogilvy's Boutique at December 31 shows Inventory $21,000, Sales Revenue $156,000, Sales Returns and Allowances $4,000.

  Equipment and average cost of inventory

The payroll costs for the year were $100,000, and the accounting costs for the year totaled $50,000. The departments and the average cost of store equipment and average cost of inventory for each are as follows:

  Examine the segment-disclosure totals for revenues profits

1.what are heinzs business segments? are heinzs operating segments based on productindustry or geographic

  The estimated annual depreciation of property and equipment

the estimated annual depreciation of the property and equipment is 10 per year of its acquisition cost. the library is

  Question 1accrued payroll was 10000 and 15000 at the

question 1accrued payroll was 10000 and 15000 at the beginning and end of 20x4 respectively. the payroll expense for

  Corporation determining income for financial reporting

What is the justification for a corporation determining income for financial reporting purposes differently than the way it is determined for tax purposes?

  Government-institutional accounting

What is the major source of the change in net assets that occurred in 2007 from the change that occurred in 2008? In your opinion, is this trend likely to continue? Why/why not?

  Prepare regal flair enterprisess responsibility income

regal flair enterprise has two product lines jewelry and womensapparel. cost and revenue data for each product line for

  The expense recognition principle relates to credit losses

The expense recognition principle relates to credit losses by stating

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