Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells ski gloves. JG sells each pair of gloves for $20. Jill has forecasted sales in 2022 to be 20 000 units. She has also projected the fixed costs (Table 1) and variable costs (Table 2) for that year. Table 1: Projected fixed costs for 2022 Rent $25000 Insurance $10000 Salaries $40000 Table 2: Projected variable costs per pair of gloves for 2022 Material $11 Packaging Shipping $1 $3 Jill expects a 10% increase in her fixed costs and a 5% increase in her variable costs in 2023. 2b. Construct a fully labelled break-even chart, to scale, for JG for 2022. [4 marks] Jill's Gloves (JG) is a sole trader owned by Jill McAloon. The business makes and sells ski gloves. JG sells each pair of gloves for $20. Jill has forecasted sales in 2022 to be 20 000 units. She has also projected the fixed costs (Table 1) and variable costs (Table 2) for that year. Table 1: Projected fixed costs for 2022 Rent $25000 Insurance $10000 Salaries $40000 Table 2: Projected variable costs per pair of gloves for 2022 Material $11 Packaging Shipping $1 $3 Jill expects a 10% increase in her fixed costs and a 5% increase in her variable costs in 2023. 2b. Construct a fully labelled break-even chart, to scale, for JG for 2022. [4 marks]
Expert Answer:
Answer rating: 100% (QA)
To calculate Jills projected costs and sales for 2023 we will apply the provided percentage increase... View the full answer
Related Book For
Financial Accounting and Reporting
ISBN: 978-0273744443
14th Edition
Authors: Barry Elliott, Jamie Elliott
Posted Date:
Students also viewed these finance questions
-
Summer OBrien is a sole trader who operates Summers Wilderness Packs, a wholesale business selling hiking backpacks to retail outdoor and camping shops all over Australia, and on the internet. Summer...
-
Phoebe is a sole trader who runs a small catering company, Hilarys Bistro. She has asked you to help her with the preparation of her financial statements this year as she is unhappy with the service...
-
Blades, Inc., has been exporting to Thailand since its decision to supplement its declining U.S. sales by exporting there. Furthermore, Blades has recently begun exporting to a retailer in the United...
-
Provide a brief description of the JDBC URL.
-
A three-theoretical-stage batch stripper (one stage is the reboiler) is charged to the feed tank (see figure) with 100 kmol of 10 mol% n-hexane in n-octane mix. The boilup rate is 30 kmol/h. If a...
-
Data for small project are given, draw the network by using (A.O.N) and determine the E.S,E.F,L.S,L.F,T.F,and C.P? * Activity Duration precedences Follow A 3 - B,C,D B 5 A E C 4 A F,G D 6 A G,H E 4 B...
-
Create an N2 Diagram for each of the following Mission Systems using Figure 8.11 as a template create identifiers for each interface. Annotate each box with bulleted contents. a. Fast food restaurant...
-
Mark Hopper is planning the audit of the investments account for audit client Garden Supply Co. (GSC). GSC invests excess cash at the end of the summer sales season through an investment manager who...
-
Flint Distribution markets CDs of numerous performing artists. At the beginning of March, Flint had in beginning inventory 2,700 CDs with a unit cost of $6. During March, Flint made the following...
-
Carrie D'Lake, Reed A. Green, and Doug A. Divot share a passion for golf and decide to go into the golf club manufacturing business together. On January 2, 2015, D'Lake, Green, and Divot form the...
-
Consider a company that needs 7000 gal/d of water heated from 50F to 200F (water constants in the following table). Suppose the fuel cells convert 50% of their input energy into heating water and 50%...
-
The Richter scale measures how much the ground shakes in an earthquake. Note that this is not equal to the energy released by an earthquake. However, there is a simple relationship between Richter...
-
How does the type of magma in a volcano affect how the volcano erupts?
-
Suppose geologists report that the stress in Earths crust has increased where you live. Should you move? If so, how soon? Explain the reasons for your answer.
-
As technological society advances, humans use increasing amounts of energy. Does this violate the law of conservation of energy? Why or why not?
-
Which of these graphs represents feedback that destabilizes climate? (a) (b)
-
ABC Company is planning to raise HK$250mil. by listing in Hong Kong stock market. Target free float of the company will be 25%. Based on the following information, determine whether ABC Company can...
-
Why is the national security argument for tariffs questionable?
-
The Blissopia Leisure Group consists of three divisions: Blissopia 1, which operates mainstream bars; Blissopia 2, which operates large restaurants; and Blissopia 3, which operates one hotel the...
-
The following information is available for X Ltd for the year ended 31 May 20X1: Net profit after tax and minority interest ... 18,160,000 Ordinary shares of 1 (fully paid) ..... 40,000,000 Average...
-
On 30 September 20X0 Gold plc acquired 75% of the equity shares, 30% of the preferred shares and 20% of the bonds in Silver plc and gained control. The balance of retained earnings on 30 September...
-
True or False. High loss factor of a material implies less damping.
-
The damping caused by the internal friction of a shaft material is called a. stationary damping b. external damping c. rotary damping
-
Fill in the Blank. Cork is a(n) ____________ isolator.
Study smarter with the SolutionInn App