The new CEO of Rolie Manufacturing has asked for a variety of information about the operation of the firm from last year. The CEO is given the following information, but with some data missing: Total sales revenue ? Number of units produced and sold 500,000 units Selling
Month_Year Total Jan-93 147,772 Feb-93 144,335 Mar-93 163,943 Apr-93 169,634 May-93 175,371 Jun-93 174,825 Jul-93 176,995 Aug-93 176,208 Sep-93 170,202 Oct-93 175,510 Nov-93 180,364 Dec-93 217,629 Jan-94 154,400 Feb-94 155,596 Mar-94 183,782 Apr-94 181,209 May-94 186,395 Jun-94 189,244 Jul-94 184,978 Aug-94 1
** Please see the attached file for the complete problem description ** In cell G6 write a formula giving Ann's total sales using the SUM function. Drag the formula in G6 to cells G7:G10. Did this give the right values for Bob's, Charles's, David's, and Ellen's total sales? Without using the SUM function, enter a formula
The following information is available for the Shirley Company regarding the sales of their two products, Dots and Spots: See attached Calculate the sales mix variance only for both products and the company as a whole.
A wholesaler has recently developed a computerized sales invoicing system. Prior to implementing this system, a manual system was used. The distribution of the number of errors per invoice for the manual system is as follows: Errors per invoice 0 1 2 3 3 or more Percentage of Invoices 87% 8%
The Breaker Company produces two products: widgets and gadgets. The following information is available: Widgets Gadgets Unit Selling Price $30 $20 Unit Variable Costs 24 10 Unit Contribution Margin 6 10 Sales Mix
Wallace, Inc., prepared the following budgeted data based on a sales forecast of $6,000,000: Variable Fixed Direct materials $1,600,000 Direct labor 1,400,000 Factory overhead 600,000 $ 900,000 Selling expenses 240,000 360,000 Administrative expenses 60,0
See attached file. Determine the year-to-year percentage annual growth in total net sales. Based only on your answers to question #1, do you think the company acheived its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its ta
A sales letter is a piece of direct mail which is designed to persuade the reader to purchase a particular product or service in the absence of a salesman. Write an example of a 'Sales' letter for the Sales Department.
Peterson Electronics uses a decentralized collection system whereby customers mail their payments to one of six regional collection centers. The checks are deposited each working day in the collection centerâ??s local bank, and a depository transfer check for the amount of the deposit is mailed to the firm's concentration bank
Do the sales prices of houses in a given community vary systematically with their sizes (as measured in square feet)? Attempt to answer this question by estimating a simple regression model where the sales price of the house is the dependent variable and the size of the house is the explanatory variable. Use the sample dat
When are unconditional promises to give recognized as revenues? A. In the period the promised is received B. In the period the promise is collected C. In the period in which the conditions on which they depend are substantially met D. In the period in which the conditions on which they depend have begun to be met E.
Graph business data: Month TR Revenue TR Hours March 77511.1 0 April 82222.13 9847 May 79545.16 10028 June 97527.95 10708 July 96006.86 11561 August 105546 12723 September 101815.7 12041 October 113560.5 13336 Total 753735.4 80244
To avoid any uncertainty regarding his business' financing needs at the time when such needs may arise, Cyrus Brown wants to develop a cash budget for his latest venture: Cyrus Brown Manufacturing (CBM). He has estimated the following sales forecast for CBM over the next 9 months: March $250,000 April $275,0
You wish to calculate the commission on sales. The commission is 6% on all sales that are at least 20% above cost.
Sales promotions have become an important ingredient in marketing campaigns. Choose four types of consumer promotion tools and describe each, including a discussion of their advantages and when they might be used.
Details: Briefly discuss the difference between billable revenue and collections. Consider how a medical office might be helped or hindered by a disparity between receivables and collections.
Revenue is properly recognized: when the customer's order is received. only if the transaction creates an account receivable. at the end of the accounting period. upon completion of the sale or when services have been performed and the business obtains the right to collect the sales price.
Boston Company is considering the production and sale of a new product with the following sales and cost data: Unit sales prices is $300; unit variable costs is $180; total fixed costs is $270,000; and projected sales is $900,000. Show calculations to find what is the margin of safety: In dollar sales? As a perce
1. The following information is for a product of Primus Company: Last year, the variable cost per unit was $22. Total fixed costs were $800,000. At a volume of 170,000 units, the company achieved a profit of $50,000. What was the unit sales price for the product last year? 2. The following information is for a prod
Hazardous Toys Company produces boomerangs that sell for $8 each and have a variable cost of $7.50. Fixed costs are $15,000. a. Compute the break-even point in units. b. Find the sales (in units) needed to earn a profit of $25,000
Camping USA Inc. has only been operating for 2 years in the outskirts of Albuquerque, New Mexico, and is a new manufacturer of a top-of-the-line camping tent. You are starting an internship as assistant to the chief financial officer of the company, and the owner and CEO, Tom Charles, has decided that this is the right time to k
1 A company has a 30% income tax rate, a contribution margin ratio of 25%, and fixed costs of $440,000. What sales volume is necessary to achieve an after tax income of $84,000? 2 Cost Function for Expedia Expedia provides travel services on the Internet. In the first quarter of 2001, Expedia reported an opera
Exercise 9-3 Crede and Rensing, CPAs, are preparing their service revenue (sales) budget for the coming year (2011). The practice is divided into three departments: auditing, tax, and consulting. Billable hours for each department, by quarter, are provided below. Department Quarter 1 Quarter 2 Quarter 3 Quarter 4 Aud
How has Liquidation.com (and similar online services) impacted the travel services industry?
Initial investment 100,000 Target of earning 30% Expected sales 10,000 Manufacturing cost $5 Fixed selling & adm $2 Other fixed cost $1 A) Calculate the sales price that the company must charge for a suspension system if she is to earn a 30 percent return on her investment. B) Calc
Please help me in answering the following question. The original oldest form of direct marketing is field sales call. No one debates the importance of the sales force in its marketing program. However, the term "sales representative" covers a broad range of positions, tasks, and responsibilities. List and briefly describe eac
Data of cost structure of the company: Camping USA Inc. Output level 120,000 units Operating assets $6,000,000 Operating assets turnover 12 times Return on operating assets 48% Degree of operatin
A Kyoto clothing wholesaler was preparing its sales budget for the first quarter of 2008. Forecast sales are (in thousands of yen) January ¥200,000 February ¥220,000 March ¥240,000 Sales are 20% cash and 80% on credit. Fifty percent of the credit accounts are collected in the month of sale, 40% in the month following
See attached problem. a. What is the company's average annual rate of sales growth from 2007 through 2009? b. How long, on average, was Better Mouse Trap taking to collect on its receivable accounts in 2009? (Assume all of the company's sales were on credit.) c. Was Better Mouse Trap more or less profitable in 2009 tha