FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11. The Gomex Corp. sells product A for P90 each. Variable costs are P40 per unit. Fixed Costs are P585,000. Its current sales is P963,000.

11. The Gomex Corp. sells product A for P90 each. Variable costs are P40 per unit. Fixed Costs are P585,000. Its current sales is P963,000. How much sales (in units) must be reached to realize a net income of P120,000 after income taxes, if tax rate is 25%?

12. Refer to no. 11, How much is the margin of safety?

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Intermediate Accounting

Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones

10th Edition

324300980, 978-0324300987

More Books

Students also viewed these Accounting questions

Question

★★★★★
What strategy did QVC use, and how did it support this strategy?

Answered: 1 week ago

Question

★★★★★
Which compound exists as cis and trans isomers?

Answered: 1 week ago

Question

★★★★★
3. Suppose that instead of increasing marginal costs of effort, the marginal costs of effort were constant; for example, suppose that V(E) = mE, where m > 0. What is the agents optimal effort when m...

Answered: 1 week ago

Question

★★★★★
Jen Miller made $1,090 this week. Only social security (fully taxable) and federal income taxes attach to her pay. Miller contributes $125 each week to her companys 401(k) plan and has $40 put into...

Answered: 1 week ago

Question

★★★★★
11. The Gomex Corp. sells product A for P90 each. Variable costs are P40 per unit. Fixed Costs are P585,000. Its current sales is P963,000. How much sales (in units) must be reached to realize a net...

Answered: 1 week ago

Question

★★★★★
Calculus Questions 1. Identify all the function symmetry in the following integration and use them to evaluate the integration E x4 + 2x2 f( + sin(2x)3x4 + 5 cos(3x)) - dx Sketch and shade the area...

Answered: 1 week ago

Question

★★★★★
Consider the time series model defined by X =x-ax-2 +3X-3 +&+ where {E} is white noise. (i) Show that the autocorrelation coefficient with lag 1 for this process is: Pi - (ii) Consider the case where...

Answered: 1 week ago

Question

★★★★★
Screening tests are often used in clinical practice to assess the likelihood that a person has a medical condition. The rationale is that, if disease is identified before symptom onset, then earlier...

Answered: 1 week ago

Question

★★★★★
Sheridan Company is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales: Sales for the year are expected to...

Answered: 1 week ago

Question

★★★★★
Day Systolic Diastolic Pulse 1 110 74 68 2 112 73 62 3 120 75 63 4 118 71 74 5 114 83 62 6 120 81 65 7 116 78 67 8 117 78 69 9 119 80 77 10 118 75 67 11 22 114 81 62 12 120 79 56 13 120 77 65 14 112...

Answered: 1 week ago

Question

★★★★★
B1. Suppose we have X1, X2, X, which are i.i.d. and come from the uniform distribution ... Uniform(n,+ n), n>0; 0 = (,7) (a) Use the Method of Moments to estimate and n. (b) Determine whether the...

Answered: 1 week ago

Question

★★★★★
6. According to the neoclassical theory of distribution, a workers real wage reflects her productivity. Lets use this insight to examine the incomes of two groups of workers: farmers and barbers. Let...

Answered: 1 week ago

Question

★★★★★
5. Figure 3-5 shows that in U.S. data, labors share of total income is approximately a constant over time. Table 3-1 shows that the trend in the real wage closely tracks the trend in labor...

Answered: 1 week ago

Question

★★★★★
2. Suppose the production function in medieval Europe is Y = K0.5L0.5, where K is the amount of land and L is the amount of labor. The economy begins with 100 units of land and 100 units of labor....

Answered: 1 week ago

Previous Question Next Question