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Please book following transactions, and ratios, and compute breakeven's

1 1-Mar Purchase _____inventory on account equal to 125% of projected sales @ cost

2 2-Jan Settle ____128,100 accounts payable

3 31-Mar Record rent expense

4 3-Mar Record ___revenue,______COGS for transaction is ____based on sales forecast

5 8-Mar Receive ______ 58,400.00 against accounts receivable

6 31-Mar Pay _______ 12,867.75 cash for marketing expense

7 31-Mar Pay________ 10,417.68 administrative expense in cash

8 31-Mar Pay _______ 18,270.0 cash for r & d expense

9 28-Feb Record _______ 300 supplies expense

10 31-Mar Book depreciation

11 31-Mar Record income tax expense on account at 0.35

12 31-Mar Settle income tax payable from previous month

13 31-Mar Make payment on note, record interest, amortization: Note 1

14 31-Mar Make payment on Note 2: Annual rate .09, interest accrued 1 month

Note increased by 1 month's interest prior to amortization over 24 months

15 31-Mar Make payment on Note 2: Annual rate .09, interest accrued 1 month on second note, record interest, amort.

16 Investments in Available for Sale Securities _______ 80,000.00 in cash

Securities worth ______ 79,400.00 at month end

17 31-Mar Dividend _______ 8000

1. U.S. Thunder Corp. is contemplating the following sales mix scenario for the next period.

Please complete the following templates:

a. Selling price & GM (.50)
b. Markup % (.50)
c. Revenue, COGS, GM template (1.0)


Custom
Standard
Deluxe
Sell                 364.00                     450.00                     663.00
Cost                 260.00
                300.00
                340.00
GM                 104.00                     150.00                     323.00







Cost + 1.4
                    1.55
1.95







Markup %          







Units 110   165   139                 414.00














Revenues           40,040.00               74,250.00               92,157.00        206,447.00
Costs           28,600.00               49,500.00               47,260.00        125,360.00
GM           11,440.00               24,750.00               44,897.00           81,087.00

If Thunder cuts its price by 12% on each item, how much of a volume increase will be needed to restore the
original profit level? Use This For Sales and COGS









Volume % increase (1.0)  
 
 
 





Template (2.0)













Custom
Standard
Deluxe
Sell                    
Cost                 260.00                   300.00                   340.00
GM #VALUE!     #VALUE!     #VALUE!







Cost +          







Markup %          







Units                                    -  














Revenues #VALUE!     #VALUE!     #VALUE! #VALUE!
Costs #VALUE!     #VALUE!     #VALUE! #VALUE!
GM #VALUE!     #VALUE!     #VALUE! #VALUE!

If Thunder increases its price by 10% on each item, how much of a volume decrease could it sustain before falling before the original profit level?

Volume % decrease (1.0)          
 




Template (2.0)











Custom
Standard
Deluxe
Sell                    
Cost                 260.00                   300.00                   340.00
GM #VALUE!     #VALUE!     #VALUE!






Cost +          






Markup %          






Units          












Revenues #VALUE!     #VALUE!     #VALUE!
Costs #VALUE!     #VALUE!     #VALUE!
GM #VALUE!     #VALUE!     #VALUE!

Attachment:- Accounting.xlsx

Accounting Basics, Accounting

  • Category:- Accounting Basics
  • Reference No.:- M91422562
  • Price:- $50

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