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3 years ago

Given the following information, prepare an income statement for the Dental Drilling Company.

Business

1 answer:

dmitriy555 [2]3 years ago

8 0

Answer:

Results are below.

Explanation:

<u>Giving the following information:</u>

Selling and administrative expense $90,000

Depreciation expense 75,000

Sales 621,000

Interest expense 46,000

Cost of goods sold 231,000

Taxes 50,000

<u>With the information listed above, we need to make an income statement following the structure below:</u>

<u></u>

Sales= 621,000

COGS= (231,000)

Gross profit= 390,000

Selling and administrative expense= (90,000)

Depreciation expense= (75,000)

Interest expense= (46,000)

Eearning before taxes (EBT)= 179,000

Taxes= (50,000)

Net operating income= 129,000

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Break-Even Sales and Sales to Realize Income from Operations For the current year ended October 31, Friedman Company expects fix

Blizzard [7]

Answer:

Part a

110,000 units

Part b

128,500 units

Explanation:

Break even sales is the level at which a firm makes neither a profit nor a loss.

Break-even (sales) = Fixed Costs ÷ Contribution per unit

where,

Fixed Costs = $14,300,000

Contribution per unit = Sales - Variable Costs

= $380 - $250

= $130

therefore,

Break-even (sales) = $14,300,000 ÷ $130 = 110,000 units

Units to reach Target Profit = (Target Profit + Fixed Costs) ÷ Contribution per unit

= ($2,405,000 + $14,300,000) ÷ $130

= $16,705,000 ÷ $130

= 128,500 units

8 0

3 years ago

Philippe Organic Farms has total assets of $689,400, long-term debt of $198,375, total equity of $364.182, net fixed assets of $

Margarita [4]

Answer:

correct option is B. 1.40

Explanation:

given data

total assets = $689,400

long-term debt = $198,375

total equity = $364.182

net fixed assets = $512,100

sales = $1,021,500

profit margin = 6.2 percent

solution

we get here first current assets that is express as

current assets = Total assets - net fixed assets ...................1

put here value

current assets = $689,400 - $512,100

current assets = $177300

and now we get Current liabilities that is express as

Total liabilities = Total assets - Total equity .............2

Current liabilities + Long term debt = Total assets - Total equity

Current liabilities = Total assets - Total equity - Long term debt ...........3

put here value

Current liabilities = $689400 - $364182 - $198,375

Current liabilities = $126843

so here Current ratio will be

Current ratio = current assets ÷ Current liabilities .............4

Current ratio = $\frac{177300}{126843}$

Current ratio = 1.40

so correct option is B. 1.40

6 0

3 years ago

The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and: ____

Artist 52 [7]

Answer:

C)) factory overhead

Explanation:

Manufacturing cost can be regarded as the sum of all the costs resources that is been consumed during the process of making a product. manufacturing cost can be classified as;

✓direct materials cost

✓ manufacturing overhead.

✓direct labor cost

It can be regarded as factor in total delivery cost. Direct Material Cost can be regarded as total cost that is incurred in purchasing of raw material and cost of other components such as packaging, as well as freight and storage costs by the company

It should be noted that The three categories of manufacturing costs comprising the cost of work in process are direct labor, direct materials, and factory overhead.

3 0

3 years ago

A customer asks about or expresses concern that the rogue vc-turbo has three cylinders. What are some ways to respond?.

ludmilkaskok [199]

As a car dealer, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.

<h3>What is a three cylinders engine? </h3>

A three cylinders engine is a type of vehicle engine that have a three column chamber for combustion which is different from the popular 4 cylinders engines.

In conclusion, i will respond by saying the three cylinders on the rogue vc-turbo engine will be fuel-efficient and might behave less power-torque ability.