Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Chapter 22, Problem 6R
To determine
Prepare the chart and determine the estimated sales volume in percentage.
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I am having trouble computing the revenue for the income statement.Use the following revenue and cost information for the income statement. Note that the revenue you use will depend on the pricing level options you chose in Milestone Two. Also, assume that after accounting for weekends and other holidays, there were 20 business days in the first month of operation. For example, if you chose a sales price of $20 per collar, the actual number of collars sold in the month was 33 per day or 33 x 20 = 660 per month.
Verify your answer by preparing a continuation format income statement at the target sales level
4. compute the company's matgin of saftery in both dollar and percentage terms
5. What is the company's cm ration? If the company can sell more units thereby increasing sales by 77000 per month and there is no change in fixed expenses by how much would you expect monthly net operating income to increase?
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Give any amount of sales and prepare the journal entry using the percent of sales method.
Chapter 22 Solutions
Excel Applications for Accounting Principles
Ch. 22 - Ranger Industries has provided the following...Ch. 22 - Open the file MASTER from the website for this...Ch. 22 - Review the completed master budget and answer the...Ch. 22 - Suppose the company has to revise its estimates...Ch. 22 - Suppose the company has just the opposite news and...Ch. 22 - Prob. 6R
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