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Can somone help me find the answers to all the 6 questions posted on the right side? thank you A.S. Brooks and Company, a manufacturer
Can somone help me find the answers to all the 6 questions posted on the right side? thank you
A.S. Brooks and Company, a manufacturer of quality handmade walnut bowls, has had a steady growth in sales for the past 5 years. However, increased competition has led Mr. Brooks, the president, to believe that an aggressive marketing campaign will be necessary next year to maintain the company's present growth. To prepare for next year's marketing campaign, the company's controller has prepared and presented Mr. Brooks with the following data for the current year, 2021: (Click the icon to view the data.) Required . - X Requirement 1. What is the projected net income for 2021? Using the equation method, select the basic formula used to compute the target net income for 2021. Revenues Variable costs Fixed costs = Target net income Required + 1 - Tax rate The target net income for 2021 is Data .. 1. What is the projected net income for 2021? 2. What is the breakeven point in units for 2021? 3. Mr. Brooks has set the revenue target for 2022 al a level of 5728,500 (or 23,500 bowls). He believes an additional marketing cost of $52,700 for advertising in 2022, with all other Dosts remaining constant, will be necessary to attain the revenue target. What is the net income for 2022 if the additional $52,700 is spent and the revenue target is met? What is the breakeven point in revenues for 2022 if the additional $52,700 is spent for advertising? 5. If the additional $52,700 is spent, what are the required 2022 revenues for 2022 net income lo equal 2021 net income? 6. At a sales level of 23,500 units, what maximum amount can be spent on advertising if a 2022 net income of $83,580 is desired? Variable cost (per bowl) S 3.25 8.00 Direct materials Direct manufacturing labour Variable overhead (manufacturing, marketing, distribution and customer service) 4.25 S 15.50 Total variable cost per bowl Fixed costs Manufacturing Marketing, distribution, and customer service Print Done S 14,000 156,500 S 170,500 s 31.00 Total fixed costs Selling price Expected sales, 22,000 units Income tax rate S 682,000 40% Clear All CheckStep by Step Solution
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