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Bad White [126]
3 years ago
14

Ncome statement data for Winthrop Company for two recent years ended December 31 are as follows: Current Year Previous Year

Business
1 answer:
AnnyKZ [126]3 years ago
6 0

Answer:

Answer is attached in the excel file.

Explanation:

Sales have increased by 280,000 in the current year which shows a difference of 14%, this seems to be result of increased no of units sold or selling price increase.

The Cost of Goods sold is increased by 210,000 which makes 12% difference. This is 2% less than rise in sales which means the increase in sales is due to selling price increase.

As a result of this Gross Profit has also increased by 70,000 which is 28% rise.

Selling expense increased by 25% which is due to increased marketing of the product which increased sales.

Admin expense increased by 22%, might be due to increase in salary expense of the staff.

Income before Income tax is increased by 66%, Income tax is increased by 66% and also Net Income increased by 66%.

Download xlsx
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Answer:

The risk of recession will most likely cause the company's shareholders to demand a higher return.

Explanation:

If the company loses some customers, more might be attracted to the company. However, if the prices drop, the price might stay low and cause the financial value of stock to drop. Once the stock drops, the entire company loses money along with their stock, which is determined by their profit and loss.

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3 years ago
Parton Company, a manufacturer of snowmobiles, is operating at 80% of plant capacity. Parton's plant manager is considering maki
ira [324]

Answer:

The answer is: a

Explanation:

The Parton Company has a 'make or buy' decision. This decision involves analysing the incremental costs associated with each option. Incremental costs are costs incurred as a result of producing one more unit of a product. If the excess capacity can be utilised to produce the headlights at a lower cost than the cost of acquiring the headlights from an external supplier, then the company should produce the headlights.  

The Parton Company incurs $12.80 per headlight purchased from the external supplier. Added to this cost, are the existing costs of operating below plant capacity. If making the headlights in the manufacturing plant yields a positive contribution to fixed costs, then the Parton company should produce the headlights in the manufacturing plant.

By producing the headlights, the Parton company gains a contribution to fixed costs of $1.03 per headlight.

Foregone purchase costs from supplier:                          $12.80

Incurred costs (directly) from production:                        ($11.77)

Direct materials                                                                     ($4.45)

Direct Labour                                                                         ($3.45)

Manufacturing Overheads: $(6.45*0.6)                               <u>($3.87)</u>

Net gain per headlight                                                           <u> </u><u>$1.03</u>

6 0
3 years ago
When the price of erasers increases from $1.50 to $2.50, the quantity demanded of pencils is unchanged. The cross-price elastici
Inga [223]

Answer:

d. 0; unrelated.

Explanation:

Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.

A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.

In this question, the cross elasticity is zero because biro and pencil are not related.

3 0
2 years ago
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