Tobin Supplies Company expects sales next year to be $540,000. Inventory and accounts receivable will increase $100,000 to accommodate this sales level. The company has a steady profit margin of 30 percent with a 50 percent dividend payout. How much external financing will Tobin Supplies Company have to seek
Solved
Show answers
More tips
- A Auto and Moto How to choose the right drive for your BMW...
- L Leisure and Entertainment How to Choose the Perfect Gift for Men on February 23rd?...
- H Health and Medicine How to Treat Whooping Cough in Children?...
- H Health and Medicine Simple Ways to Lower Cholesterol in the Blood: Tips and Tricks...
- O Other How to Choose the Best Answer to Your Question on The Grand Question ?...
- L Leisure and Entertainment History of International Women s Day: When Did the Celebration of March 8th Begin?...
- S Style and Beauty Intimate Haircut: The Reasons, Popularity, and Risks...
- A Art and Culture When Will Eurovision 2011 Take Place?...
- S Style and Beauty How to Choose the Perfect Hair Straightener?...
- F Family and Home Why Having Pets at Home is Good for Your Health...
Answers on questions: Business
- B Business Describing Work Activities for Construction Carpenters Click this link to view O NET s Work Activities section for Construction Carpenters. Note that common activities...
- B Business Since the end of the recession in 2009. small businesses have a. decreased in number: b. contributed an average of $2 billion per year to the U.S. economy. c. struggled...
- C Chemistry Which of the following is a common respiratory disorder that causes bronchioles to narrow? * •asthma •emphysema •SARS •hypertension...
- M Mathematics Solve for all value of x ? Log^x(5x-6)=2?...
- M Mathematics 36*6^4x=1296 What would x be equal to?...
- M Mathematics I NEED HELP DUE IN 2 MINS!!...
- P Physics How many 75-W lightbulbs, connected to 120 V can be used without blowing a 15-A fuse?...
- M Mathematics Identify the graph of y=ex - 2....
- M Mathematics NEED HELP WILL MARK BRAINLIST DO NOT SPAM. Question is in a screenshot below and the questions are not multiple choice please answer this complete full sentences and...
- M Mathematics What is the Simplify expression of (15+39)÷6...
Ответ:
Question Completion:
Benjamin Company had the following results of operations for the past year:
Sales (16,000 units at $9.90) $158,400
Direct materials and direct labor $94,400
Overhead (20% variable) 14,400
Selling and administrative expenses (all fixed) 31,800 (140,600)
Operating income $17,800
Benjamin Company
The company's profits will increase by $6,635.
Explanation:
a) Data and Calculations:
Variable costs of production:
Direct materials and labor = $5.90 ($94,400/16,000)
Variable overhead = $0.18 ($2,880/16,000)
Fixed overhead = $11,520 ($14,400 - $2,880)
Fixed selling and admin. expense = $31,800
Relevant costs:
Direct materials and labor ($5.90 * 4,300) = $25,300
Variable overhead ($0.18 * 4,300) = 774
Fixed overhead = 630
Selling and admin. expense = 330
Total relevant costs for the special offer = $27,034
Sales revenue ($7.83 * 4,300) $33,669
Profit from the special offer = $6,635