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Goryan [66]
2 years ago
13

Margaret Williams, production manager at Williams Manufacturing, finds her profits at $15,000 inadequate for her business. The b

ank is insisting on an improved profit picture prior to an approval of a loan for some new equipment. Margaret would like to improve the profit line to $25,000 so she can obtain the approval for the loan. Given the information below and using a Supply Chain Strategy, what percentage change of their Cost of Supply Chain Purchases would need to be reduced to achieve a $25,000 profit

Business
1 answer:
In-s [12.5K]2 years ago
7 0

Answer:

22.22%

Explanation:

The calculation of percentage in sales is shown below:-

Increase in profit required = $25,000 - $15,000

= $10,000

To achieve a profit $10,000, the required sales increases

= $10000 ÷ 18%

= $55,555.55

Percentage increase in sale = Required sales ÷ Sales of current situation

= $55,555.55 ÷ $250,000

= 22.22%

So, for computing the percentage increase in sales we simply applied the above formula.

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Cabot Company reported a pretax operating loss of $50,000 for financial reporting and tax purposes in 2018. The enacted tax rate
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Answer and Explanation:

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Net Operating loss carryback  Amount  Rate of Tax  Tax Recorded as

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Carried back - 2015               $0.0          30%         $0.0  

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31-Dec-18      Receivables - Income Tax Refund  $17,900

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2. Cabot's net loss for 2018 = -$50,000 + $17,900

                                          = ($32,100)

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