The following information applies to Ayre Limited for the two years to 31 March 2018 and 2019

Question:

The following information applies to Ayre Limited for the two years to 31 March 2018 and 2019 respectively:

Required:

Assuming that the cost relationships had remained as given in the question, calculate the company’s profit if the sales for the year to 31 March 2019 had reached the budgeted level of £1,200,000.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting For Non-Accounting Students

ISBN: 9781292128979

9th Edition

Authors: John R. Dyson, Ellie Franklin

See More Books

Question Posted: Oct 12, 2022 01:09 AM

See More Questions

The following information applies to Ayre Limited for the two years to 31 March 2011 and 2012 respectively: Required: Assuming that the cost relationships had remained as given in the question,...
The following information applies to the products of Kaiser Company. Required Identify the product that should be produced or sold under each of the following constraints. Consider each constraint...
The following information applies to the ODonnell Company for March production. There are only two jobs (X and Y) in production in March. a. Purchased direct materials and indirect materials with the...
The given graph is a transformation of one of the six basic functions. Find an equation for the given graph. 10 'y -1 -2 -3 -5 -6 -7 -8 -9 -10 -15 -13 -9 -8 -7 -6 -5 4 3 -2 -1 0 1 2 3 45 -11
Number of classes: 6 Data set: The number of days 20 patients remained hospitalized Construct a frequency distribution and a frequency histogram for the data set using the indicated number of...
Calculate the higher and lower heating values of gaseous methane fuel (CH 4 ). Compare your results with the values in Table A27.
Under what circumstances is it appropriate to use Cp to assess capability?
1. After taking into account the income that Sophia will receive from Social Security and her company sponsored pension plan, the financial planner has estimated that her investment assets will need...
What is considered accounts receivable on this balance sheet? I need it for a ratio project and do not understand which it could be. There is no notes in the footnotes to state it either. Current...
The statement of financial position of Bharwani Traders on 31 October 204 is shown below. On 1 November 204 the following transactions took place: A cheque for $3 000 was paid to a credit supplier. A...
What is meant by incremental costing?
What term is given to the extra cost of an event?
Hydrogen flows through a horizontal insulated duct. At section 1, the enthalpy is $2400 \mathrm{Btu} / \mathrm{lbm}$, the density is $0.5 \mathrm{lbm} / \mathrm{ft}^{3}$, and the velocity is...
Financial Reporting Problem: Columbia Sportswear Company The financial statements for the Columbia Sportswear Company can be found in Appendix A at the end of this book. The following selected...
The retained earnings on a balance sheet are $\$ 80,000$. Without seeing the rest of the balance sheet, can you conclude that stockholders should be able to receive a dividend in the amount of \(\$...
Determine the missing amount in each of the following cases: Assets Liabilities Stockholders' Equity $350,000 $155,000 ? $95,000 $225,000 ? ? $40,000 $ 59,000
Construct a 5-to-32-line decoder with four 3-to-8-line decoders with enable and one 2-to-4-line decoder. Use block diagrams similar to Fig. 2-3. Fig. 2-3 Ao A A 2 21 E 2 21 E 2x4 decoder 2x4 decoder...
After reconciling its bank account, Obian Company made the following adjusting entries: Required Identify the event depicted in each journal entry as asset source (AS), asset use (AU), asset exchange...
Write each statement using an absolute value equation or inequality. p is within 0.0001 unit of 9.
Inexhaustible collections of ONPOs are not required to be capitalized or depreciated, if certain criteria are met. Why is this so, and what accounting and reporting recognition, if any, is required...
Should health care be considered a public, private, or common good?
If you were responsible for placing an older family member in an assisted living community, would you prefer to select one that is nonprofit or one managed by a for-profit company? Or would it not...
Read the article, Preserving the Publicness of the Nonprofit Sector: Resources, Roles, and Public Values by Stephanie Moulton and Adam Eckerd. (See Articles.) Explain the Nonprofit Role Index and how...
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...

The following information applies to Ayre Limited for the two years to 31 March 2018 and 2019

Question:

Year 31.3.2018 31.3.2019 Sales £000 750 1 000 Profits £000 100 250

Step by Step Answer:

To calculate the companys profit if the sales for the year to 31 Marc...View the full answer

Accounting For Non-Accounting Students

Students also viewed these Business questions