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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

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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

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GB519: Measurement and Decision Making unit 3 homework

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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.....
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