Question
Offered Price $20.00

GB519: Measurement and Decision Making unit 3 homework

Question # 00001833
Subject: Finance
Due on: 10/30/2013
Posted On: 10/02/2013 03:56 PM

Rating:
4.1/5
Expert tutors with experiences and qualities
Posted By
Best Tutors for school students, college students
Questions:
4671
Tutorials:
6276
Feedback Score:

Purchase it
Report this Question as Inappropriate
Question

9-33 CVP Analysis

Lawn Master company, a manufacturer of riding lawn mowers, has a projected income for 2013 as follows:



Sales 46,000,000

Operating expenses:

Variable expenses $32,200,000

Fixed expenses $7,500,000

Total expenses 39,700,000

Operating profit $6,300,000



9-33 questions:

1. Determine the breakeven point in sales dollars.

2. Determine the required sales in dollars to earn a before tax profit of $8,000,000.

3. What is the breakeven point in sales dollars if the variable cost increases by 12%?

10-55





Kelly Company is a retail sporting goods store. Facts regarding Kelly's operations are as follows:

- Sales, all on account, are budgeted at $220,000 for December and $200,000 for January.

- Collections are expected to be 60% in the month of sale an= d 38% in the month following the sale.

-Gross margin is 25% of sales.

- A total of 80% of the merchandise sold in a month is purchased in the month prior to the month of sale and 20% is purchased in the mo= nth of sale. Payment for purchased merchandise is made in the month following the purchase.

- Other expenses [selling and administrative] to be paid in = cash each month are $22,600.

- Annual depreciation is $216,000, one-twelfth of which= is reflected as part of monthly operating expenses.



Kelly Company's statement of financial position at the close of business on November 30 as follows:



Kelly Company

Statement of Financial Position

November 30, 2013



Assests



Cash = $22,000

Accounts receivable(net of $4,000 = 76,000

Allowance for doubtful accounts)



Inventory = 132,000



Property, plant, and equipment(net of $680,000 accumulated depreciation) 870,000=



Total Assets $1,100,= 000





Liabilities and Stockholders Equity



Accounts payable $162,000

Common stock = 800,000

Retaining earnings = 138,000



Total liabilities and equity = $1,100,000

Tags unit homework making decision measurement gb519 month sales expenses sale purchased dollars following financial point operating variable determine breakeven profit cash depreciation equity merchandise company position paid close busine positionnovember companystatement followskelly november statement expenseskelly 2013aests

Tutorials for this Question
Available for
$20.00

GB519: Measurement and Decision Making unit 3 homework

Tutorial # 00001677
Posted On: 10/02/2013 03:57 PM
Posted By:
Best Tutors for school students, college students mac123
Expert tutors with experiences and qualities
Questions:
4671
Tutorials:
6276
Feedback Score:
Report this Tutorial as Inappropriate
Tutorial Preview …Measurement…
Attachments
gb519_Week_3.xlsx (10.29 KB)
Preview: the xxxxxxx provided xxx solve for xxxxx = Contribution xxxxxx *X- xxxxxxxxxxxx xxxxxxxxx 3 xxxxx evens Sales x 25,000000 2 xxxxxxxxx the xxxxxxxx xxxxx in xxxxxxx to earn x before tax xxxxxx of xxxxxxxxxx xxxxx = xxxxx cost+ Required xxxxxx =$7,500,000+ $8,000,000 xxxxxxxxxxxx What xx xxx breakeven xxxxx in sales xxxxxxx if the xxxxxxxx cost xxxxxxxxx xx.....
Purchase this Tutorial @ $20.00 *
* - Additional Paypal / Transaction Handling Fee (3.9% of Tutorial price + $0.30) applicable
Loading...