Income Statement Break even Analysis, target profit.

Income Statement Break even Analysis, target profit

Last Year, Able Co, sold all the goods it produced(it had no finished goods inventories), and sales revenues were $1,260,000. It recorded the following costs for the year:

Manufacturing Selling and Total
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.The salaries of five employees at XYZ Brokerage are $30,000, $50,000, $60,000, $70,000, and $90,000. The industry salaries are normal, with a mean of $55,000 and standard deviation of $8,000. Can you conclude with a 5 percent level of significance that the salaries of workers in XYZ Brokerage are higher than that for the industry?

1. The weight of bags “checked in” is normal, with a mean of 30 pounds and a standard deviation of 9 pounds.
a)       What is the probability that a randomly selected bag will weigh more than 48 pounds?
 
b)       What is the probability that the total weight of 4 bags will be more than 192 pounds?
 
c)       Find [...]

David organizes White Corporation with a transfer of land (basis of $200,000, fair market value of $600,000) that is subject to a mortgage of $150,000. A month before incorporation, David borrowed $100,000 for personal purposes and gave the bank a lien mortgage of $150,000 and the personal loan of $100,000. What are the tax consequences of the incorporation to David and to White Corporation?

David organizes White Corporation with a transfer of land (basis of $200,000, fair market value of $600,000) that is subject to a mortgage of $150,000. A month before incorporation, David borrowed $100,000 for personal purposes and gave the bank a lien mortgage of $150,000 and the personal loan of $100,000. What are the tax consequences [...]

Violet Corporation manufactures an exercise machine at a cost of $800 and sells the machine to Scarlet Corporation for $1000 in 2007. Scarlet incurs TV advertising expenses of $300 and sells the machine by phone order for $1600. If Violet and Scarlet corporations are not related parties, determine their DPGR.

Violet Corporation manufactures an exercise machine at a cost of $800 and sells the machine to Scarlet Corporation for $1000 in 2007. Scarlet incurs TV advertising expenses of $300 and sells the machine by phone order for $1600. If Violet and Scarlet corporations are not related parties, determine their DPGR.

 

Assume the same facts as in [...]