Excel Assignment #2 Preparing a Contribution Margin Income Statement and Operating Leverage Summer 2013 1. Assume that a company is budgeting to sell 2‚500 units of a product at a selling price per unit of $32. The variable cost per unit is $26 and total fixed costs are $5‚000. REQUIRED Prepare a contribution margin income statement and calculate operating leverage. 2. Suppose the company is unsure exactly how many units they will sell. As such‚ their marketing department has provided
Premium Variable cost Management accounting Costs
Alfred Adler‚ born February 7th‚ 1870‚ was an Austrian physician and psychotherapist who is responsible for the introduction of individual psychology. Born the second child of seven‚ Alfred and his Hungarian-born Jewish family lived in Rudolfsheim near Vienna where at age four he developed a case of rickets. The doctor announced to Alfred and his parents that there was nothing he could do for him‚ stating to his father‚ “Your boy is lost”. It was this false diagnosis that led to Alfred’s decision
Premium Sigmund Freud Alfred Adler Psychology
Alfred Adler Born on February 7th‚ 1870 and died of a heart attack on May 28 1937 Received a medical degree from the university of Vienna in 1895 Married in 1897 and had four children Apparent physical comforts but suffered in childhood and physically and emotionally Almost died from pneumonia at the age of 5 His one goal was to make a psychological way that fought for the holistic point of an individual as well as social equality Adler’s theories that he came up with were: Spirituality
Free Psychology Alfred Adler Sigmund Freud
information was taken from the 2006 financial statements of pharmaceutical giant Merck and Co. All dollar amounts are in millions. Retained earnings‚ January 1‚ 2006 $37‚980.0 Materials and production expense 6‚001.1 Marketing and administrative expense 8‚165.4 Dividends 3‚318.7 Sales revenue 22‚636.0 Research and development expense 4‚782.9 Tax expense 1‚787.6 Other revenue 2‚677.1 Hint: Prepare income statement and retained earnings statement. (SO 4) Instructions (a)
Premium Income statement Revenue Income
number included on it. 2. Discuss with the sales manager whether any sales allowances have been granted after the balance sheet date that may apply to the current period. 3. Add the columns on the aged trial balance and compare the total with the general ledger. 4. Observe whether the controller makes an independent comparison of the total in the general ledger with the trial balance of accounts receivable. 5. Compare the date on a sample of shipping documents throughout the year with related
Premium Invoice Accounts receivable Balance sheet
Adler Planetarium. This paper would discuss about the hand on experience that was obtained when I toured the Adler Planetarium located in Chicago and witnessed the exhibits and the show about the “Cosmic Collision”‚ which was a breathtaking tour around the space. The tour to the planetarium was really a wonderful experience in adding more value and flavor to the wide range of knowledge gained in the class‚ and it did really help me in grasping the real world experience. The show “Cosmic
Premium Earth Solar System Impact crater
questions about Star River Electronics Ltd.: 1. Assess the current financial health and recent financial performance of the company. What strengths and/or weaknesses would you highlight to Adeline Koh? 2. Forecast the firm’s financial statements for 2002 and 2003. What will be the external financing requirements of the firm in those years? Can the firm repay its loan within a reasonable period? 3. What are the key driver assumptions of the firm’s future financial performance? What
Premium Balance sheet Generally Accepted Accounting Principles Stock
accounting periods. T162. An adjusting entry includes at least one balance sheet account and at least one income statement account. T163. Recording incurred but unpaid expenses is an example of an accrual. F164. If all transactions were originally recorded in conformity with GAAP‚ there would be no need for adjusting entries at the end of the period. T165. Every adjusting entry must change both an income statement account and a balance sheet account. F166. When the reduction in prepaid expenses is not
Premium Generally Accepted Accounting Principles Balance sheet Income statement
Tammany Grennell Farm Income Statement (Sales/Delivery Method) ------------------------------------------------- Year Ending December 31‚ 2009 Sales Revenue $522‚000 Less Expenses Cost of Sales 92‚340 Wages 72‚500 Insurance 4‚500 Taxes 32‚500 Depreciation 28‚500 Other 45‚000 Total Expenses 275‚340 ------------------------------------------------- Net Income $246‚660 Grennell Farm Balance Sheet (Sales/Delivery Method)
Premium Generally Accepted Accounting Principles Balance sheet Asset
Refer to the list of income statement items in Problem 2-6A. Assume that Corbin Enterprises classifies all operating expenses into two categories: (1) Selling and (2) General and administrative. Required 1. Prepare a multiple-step income statement for the year ended December 31‚ 2010. 2. What advantages do you see in this form for the income statement? 3. Compute Corbin’s profit margin. 4. Comment on Corbin’s profitability. What other factors need to be taken into account to assess Corbin’s profitability
Premium Revenue Income statement