How will the increase in the price of soft drinks affect the demand for soft drinks? How much additional revenue will be raised by this tax?
Q: Balance Sheet as at As at 30/9/16 As at 30/9/15 $ $ Assets Current…
A:
Q: Given Dats Net interest income 810 Provision for loan loss 90 $40 Total non-interest expenses .…
A: The net income after taxes can be computed as follows:- Please note, that the amounts within the…
Q: Kroger, the country’s leading grocery-only chain, added a line of private-label organic and natural…
A: Lets understand the basics. Break even point is a point at which no profit no loss condition arise.…
Q: Over the term of the bonds, the amount of unamortized discount will a. be unaffected until the…
A: Bonds are those note which are traded in the public market and these are sold for more or less than…
Q: On June 1 of the current year, Pamela Schatz established a business to manage rental property. She…
A: The balance sheet is one of the financial statements of the business which represents the financial…
Q: Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory…
A: Introduction: Job-order costing: Job order costing approach for determining the cost of producing…
Q: BRS 1. Cash balance according to the company's records at August 31, $17,100. 2. Cash balance…
A: The bank reconciliation statement is prepared to equate the balances of cash book and passbook with…
Q: Actuary and trustee reports indicate the following changes in the PBO and plan assets of…
A: Pension expense (PE) refers to the expense amount that the business charges in relation to the…
Q: Cash Fumiture and equipment Vehicle Supplies Prepaid Insurance Note Payable Unearned service revenue…
A: Adjusting Entry – Adjusting Entries are the entries that make the accrual principle work for the…
Q: February 25 February 28 Provide beauty services of $900 to customers on account. Pay utility bill…
A: Introduction: Journals: All the business transactions are to be recorded in Journals. Journals are…
Q: In 2012, an apartment building was purchased. The building's depreciation was $236,510, and it was…
A: Formula: Gain or loss = Asset cost - Depreciation amount
Q: During 2021, a construction company that began operations in 2019 changed from the…
A: Introduction:- Under percentage of completion method is a way of identifying construction revenue…
Q: Amel Corporation was organized on January 1, 2015, with an authorization of 1,200,000 shares of…
A: Every company raises finance by way of issue of shares. These can be ordinary shares or preference…
Q: December 31 Cash Accounts Receivable Prepaid Expenses Equipment Accumulated Depreciation Accounts…
A: The liabilities are the amount due to be paid to the creditors or other suppliers.
Q: Only need the answer to number 4
A: The total cost of production of a good comprises of the total fixed cost of production and the total…
Q: Explain with examples how Section 404 can impact local governments and not-for-profit organizations?
A: Answer:- Not-for-profit organization (NGO):- A non-for-profit organization generally works…
Q: Item No. 4 is based on the following information: Luningning Corporation sold for cash 400…
A: The share premium is the amount received in excess as compared to the par value of shares.
Q: On January 1, 2018, the Moody Company entered into a transaction for 100% of the outstanding common…
A: The consolidated common stock is the par value of the common stock issued by the parent entity.
Q: Direct labor and indirect labor are recorded, respectively, to: O Factory Overhead and Goods in…
A: Introduction: Employees' direct labour is the amount of effort they put in to turn raw resources…
Q: This is the situation where liquidation value is considered for industries which purpose are related…
A: The liquidation of any company is the process to wind up the company so because they loss money -…
Q: Give me answer within 30 min please I will give you positive rating immediat
A: Oriole company owns 4300 of the 10000 shares of Sheffield Corporation. It means Oriole has 43% stake…
Q: Diego, age 28, married Dolores, age 27, in 2021. Their salaries for the year amounted to $48,000.…
A: Federal income tax - The Internal Revenue Service (IRS) levies a tax on the annual earnings of…
Q: This Grey and Redd Company was founded on January 2, 2021, and each partner has an equal beginning…
A: The Bonus Payment Act of 1965 mandates a minimal bonus of 8.33 percentage of income. The income…
Q: . Compute the cost of the ending inventory under the FIFO method. Round the cost-to-retail ratio to…
A: Introduction:- FIFO means First-in-first-out It is one of the inventory valuation method. As per…
Q: how much income will be reported in net income and other comprehensive income in each of Years tal…
A: The answer has been mentioned below.
Q: QUESTION 4 Which of the following strategies in implementing the Team's Initial Audit is associated…
A: Option 2) Strategy B Is the correct Option
Q: Bianca Company incurred the following costs during 2021: - Testing in search for process alternative…
A: All costs involved with the research and development of the product or service, as well as any…
Q: While I was learning from this exercies I tried to redo it but For DDB for the year 3, I found…
A: For 3rd year, your answer is also correct as in last solution, the expert did the round off. But for…
Q: Learning Task 3: Prepare Adjusting Entries in a two-column journal: 1. On June 30, 2018, Mr. De…
A: Income statement is one of the financial statement which shows profitability of the business. It…
Q: The manager at Rainbow International prepares a Cost of Quality report to report the following…
A: Every business wants to improve its process with effectiveness and efficiency. This is due to…
Q: Which of the following financial statements shows how net income (loss) and dividends impacted a…
A: Out of the profit earned by the business organization, some of the profit is distributed by them to…
Q: Business of Zeo Itd. As on 31st March 2018 Liabilities Amount (P) Asset Amount (P) Share capital…
A: Average Profit = (785000 + 845000 + 850000 + 860000)/4 = 835000 Average normal profit = 835000 -…
Q: for
A: An Income Statement is a financial report that indicates the revenue and expenses of a business. it…
Q: Assuming that a perpetual inventory system is used, what is ending inventory (rounded) under the…
A: Inventory valuation refers to the methods used by the company to determine the value of its…
Q: Account Cash A/R Rent Exp DR $40,000 20,000 12,000 CR
A: Introduction: Income statement: All revenues and expenses are to be shown in income statement. It…
Q: 1 All corporations acquire financing by issuing stock for sale on public stock exchanges.…
A: Stock is financial security issued by corporations for raising permanent capital. Stock represents…
Q: x Enterprises reports the following information on its year-end income st t Sales $190,000 Operating…
A: Explanation of Concept Gross Profit Percentage is been calculated with the help of following formula…
Q: Gilford, Inc., uses a job order costing system. Costs going through the company's work in process…
A:
Q: reak-Even Sales Under Present and Proposed Conditions Portmann Company, operating at full capacity,…
A: * As per Bartleby policy, in case multiple questions are asked then answer first three only.…
Q: The balance sheet for Quigg Inc. at the end of the current fiscal year indicated the following:…
A: Since you have posted a question with multiple sub-parts, we will solve first three subparts for…
Q: Hou Company applies factory overhead to its production departments on the basis of 90% of direct…
A: calculation of applied overhead amount.
Q: An earth quake damaged a warehouse of Kupal Girl Corporation On December 31, 2011. The entire…
A: Answer: Inventory lost =$2,275,920 computation of total credit sales during the year: Accounts…
Q: The following balances are extracted from the books of a commercial establishment on 31/12/2021…
A: Financial statements are the summaries showing net and gross losses and profits, assets and…
Q: Accounts Cash Capital Prepaid insurance Salary expense Service Revenue mission revenu Debit (OMR)…
A: Introduction: Net income: Deduction of all expenses from revenues derives the Net income. Net income…
Q: Company Y has the following inventory data: August 1 Beginning inventory 20 units at $10 Purchases 8…
A: When average cost method is used in perpetual system average unit cost is calculated each time a…
Q: Ending retained Earnings balance to be? Account DR CR Cash $40,000 A/R 20,000 Rent Exp 12,000…
A:
Q: Spring Appliances received an invoice dated June 13 with terms 4/10 EOM. for the items listed below.…
A: A. As per payment term of 4/10 EOM, so of invoice amount is paid within 10 days after end of the…
Q: On November 10, JumpStart Co. provides $1,820 in services to clients. At the time of service, the…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: The following accounts are taken from a balance sheet. 1. Cash 2. Retained earnings
A: Introduction: Balance sheet: All Assets and liabilities are shown in Balance sheet. It tells the net…
Step by step
Solved in 3 steps
- Davao has a potential foreign customer that has offered to buy 1,500 tons at P450 per ton. Assume that all of Davao’s costs would be at the same levels and rates as last year. What net income after taxes would Davao make if it took this order and rejected some business from regular customers so as not to exceed capacity? If the sales volume is estimated to be 2,100 tons in the next year, and if the prices and costs stay at the same levels and amounts next year, the after-tax income that Davao can expect for next year is? Assume that Davao plans to market its product in a new territory. Davao estimates that an advertising and promotion program costing P61,500 annually would need to be undertaken for the next two or three years. In addition, a P25 per ton sales commission over and above the current commission to the sales force in the new territory would be required. How many tons would have to be sold in the new territory to maintain Davao’s current after-tax income of P94,500?1.Davao has a potential foreign customer that has offered to buy 1,500 tons at P450 per ton. Assume that all of Davao’s costs would be at the same levels and rates as last year. What net income after taxes would Davao make if it took this order and rejected some business from regular customers so as not to exceed capacity? 2. If the sales volume is estimated to be 2,100 tons in the next year, and if the prices and costs stay at the same levels and amounts next year, the after-tax income that Davao can expect for next year is ? 3. The breakeven volume in tons of product for the year is ?Red-Star Co. wants to sell an electrical generator for AED 165,000 in 2024. The price of this generator in the market today is AED 94,000 (according to GE company who is the producer of this generator). If the discount rate on this generator is 9.5 percent per year. Do you think the firm will make a profit if they sell this generator? What is the rate that will make the firm breakeven? Note: Profit = Revenue -cost
- Davao has a potential foreign customer that has offered to buy 1,500 tons atP450 per ton. Assume that all of Davao’s costs would be at the same levels and rates as last year. What net income after taxes would Davao make if it took this order and rejected some business from regular customers so as not to exceed capacity?Davao has a potential foreign customer that has offered to buy 1,500 tons at P450 per ton. Assume that all of Davao’s costs would be at the same levels and rates as last year. What net income after taxes would Davao make if it took this order and rejected some business from regular customers so as not to exceed capacity? Without prejudice to your answers to previous questions, and assume that Davao plans to market its product in a new territory. Davao estimates that an advertising and promotion program costing P61,500 annually would need to be undertaken for the next two or three years. In addition, a P25 per ton sales commission over and above the current commission to the sales force in the new territory would be required. How many tons would have to be sold in the new territory to maintain Davao’s current after-tax income of P94,500? If the sales volume is estimated to be 2,100 tons in the next year, and if the prices and costs stay at the same levels and amounts next year, the…Suppose Starbucks consumes 100 million pounds of coffee beans per year. As the price of coffee rises, Starbucks expects to pass along 60% of the cost to its customers through higher prices per cup of coffee. To hedge its profits from fluctuations in coffee prices, Starbucks should lock in the price of how many million pounds of coffee beans using supply contracts? Starbucks should lock in the price of million pounds of coffee beans. (Round to the nearest integer.)
- A bank is considering two alternatives for handling its service calls in the next decade ( treat this as one period). The projected number of service calls is 10,000,000. If the bank sets up its own service call center in the U.S., the fixed cost is estimated to be $2,700,000, and the variable cost is calculated to be 32 cents per call. If the call service is outsourced to a foreign company, the fixed cost would be $240,000, and the unit charge would be 57 cents per call. (a)What is the break-even number of service calls? (b)Would the bank set up its own service call center or outsource call handlings? (Enter 1 for Produce or enter O for Outsource) (C)What would be the dollar amount that the bank can save by choosing the better option? (Cost difference between the two options)The annual demand for imported oranges is given by the following equation: QD= 600,000-30,000P where ? is the price per kilogram and ?? is the quantity of kilograms demanded per year. The supply of imported oranges is given by the equation: QS= 30,000P a) Solve for the equilibrium annual quantity and price of imported oranges.The average seling price of a new vehicle in the United States last year was $53,360. If the average price ten years earlier was $43,600, what was the annual increase/decrease in the selling price over this time period?
- Assume the same situation as described in (2) above, except that the company expects to sell 50,000 Rets through regular channels next year. Thus, accepting the U.S. Army’s order would require giving up regular sales of 7,000 Rets. Given this new information, what is the financial advantage (disadvantage) of accepting the U.S. Army's special order?a. Davao had a potential foreign customer that has offered to buy 1,500 tons at 450 per ton. Assume that all of Davao's costs would bet at the same levels and rates as last year. What net incomr after taxes would Davao make if it took this order and rejected some business from regular customers so as not to exceed capacity? b. Without prejudice to your answers to peevious questions, and assume that Davao plans to market its product in a new territory. Davao estimated that an advertising and promotion program costing 61,500 annually would need to be undertaken for the next two or three years. In addition l, a 25 per ton sales commission over and above the current commission to the sales force in the new territory would be required. How many tons would have to be sold in the new territory to maintain Davao's current after-tax income of 94,500.For flat-panel TVs, assume the number of households in the U.S. will grow to 150 million. A consumer survey predicts that 70% of the households would buy a flat-panel TV at an average price of $500, and each household would buy one TV every 5 years (meaning every year each household's annual purchase rate is 20%). Suppose the current market demand of flat-panel TVs is $3 billion. Then what is the Marketing Development Index for flat-panel TV? O 11.4 87.5 3.5 28.6 4