Information for Harbour Industries is provided below. Required (a) Calculate the before-tax profit. (b) Calculate the number

Question:

Information for Harbour Industries is provided below.

Required
(a) Calculate the before-tax profit.
(b) Calculate the number of units that need to be sold in 2020 to reach the after-tax profit target.
(c) If the sales units in 2020 were 25 per cent less than required to meet the after-tax profit target, what would the after-tax profit actually be?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Accounting Business Reporting For Decision Making

ISBN: 9780730369325

7th Edition

Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver, David Bond

See More Books

Question Posted: Dec 22, 2022 10:21 AM

See More Questions

What are the main issues that need to be considered in designing and implementing a successful performance evaluation system for a foreign subsidiary?
What are the relevant issues that need to be considered when obtaining the services of an outside supplier for a marketing research project?
What are the factors that need to be considered when developing standards to be used in a standard cost environment?
Compute for the fringe benefits tax due in the following scenarios. During 201A, Alpha Corporation gave the following fringe benefits to its employees: Salaries to rank and file employees P1,000,000...
Identify and describe the steps of the PDCA model.
At the end of 2016, Geothermal Heating Ltd. had total assets of $17.4 million and total liabilities of $9.2 million. Included among the assets were property, plant, and equipment with a cost of $4.8...
Does maintaining homeostasis of body temperature involve feedback regulation? Explain.
Given the following activities and precedences, draw an AOA or AON diagram: Activity Immediate Predecessor A .......... B .......... C ..........A D ..........A, B E ...........A, B F ..........C G...
Sand will be placed under the base of a circular pool with a diameter of 14 feet. 1 bag of sand covers about 4 square feet. How many bags of sand are needed? Use 3.14 for pi. Round bags up.
Mr B aged 52 years, has earned rupees 75,00,000 out of his business. His ex-wife gifted him a car worth rupees 8 lakh. He spent a total of rupees 20 lakh during a family trip. He won a lottery of 16...
Lavender Plantations Pty Ltd advertises weekly specials and makes sure that the shelf space (9 metres) at the entrance to the store showcases these specials. For the current week, its three products...
IT Equip sells IT equipment, specialising in printers and projectors. The following statement reflects the contribution margin of each activity and overall profit levels. Required (a) Calculate the...
A solid sphere of radius R is placed at a height of 30 cm on a 15 slope. It is released and rolls, without slipping, to the bottom. From what height should a circular hoop of radius R be released on...
Students are to read the policy brief on work and family life and then discuss how they would go about incorporating the recommendations in the policy brief regarding work-life balance. How can you...
(3 marks) Select the most suitable algorithm from what we learned currently and run it on the following graph to find the shortest distance from the starting node A. a. What is the name of the most...
If the function is one-to-one, find its inverse. If not, write "not one-to-one." f(x) = 3x3 - 7
A man of mass 75 kg standing at the top of a tall building has 48 000 J of gravitational potential energy. How tall is the building? 5pts
Examining the chart below, what could be a possible explanation for the TOTAL variance? Category Budget Amount Actual Amount $ Variance Wages $200,000 $220,000 $20,000 Travel $10,000 $0.00 ($10,000)...
What forces restrict today's market demand for disposable diapers from reaching the maximum market demand? Shown here are the factors that restrict market development, as presented in Figure 3-6,...
In a paragraph of approximately 150-200 words, analyze a film or TV/Streaming Show poster of your choosing by focusing on the ways in which representations in the poster are gendered. Include an...
The treasurer of Easyier Ltd has recently developed a computer model to help in the prediction of profits, balance sheets and cash flows. By entering the expected sales figure and the value of...
Ellen owns three gift shops for which the following ratios have been prepared. The shops are all situated in large shopping centres in Melbourne, Sydney and Brisbane. a. In your own words explain the...
Lincoln Indicators professes nine golden rules for successful share market investing. The golden rules relate to: financial health; management assessment; outlook/forecast; share price value; share...
A constant horizontal force of 9 N pushes a 25 kg-mass through a medium that resists its motion with 0.9 N for every m/s of speed. The initial velocity of the mass is 10 m/s in the direction opposite...
Two plates with area 3.00 x 10-3 m are separated by a distance of 5.90 10-4 m. A charge of 6.40 x 10-8 C is moved from one plate to the other. Assume that the separation distance is small in...
Hillary is buying Halloween candy for the trick-or-treaters in her neighborhood. She bought 6 bags of miniature candy bars and 2 bags of lollipops for $42. Jack bought 5 bags of miniatures and 3 bags...

Information for Harbour Industries is provided below. Required (a) Calculate the before-tax profit. (b) Calculate the number

Question:

Average selling price per unit Average variable costs per unit: Cost per unit Selling costs Annual fixed costs: Selling Administration After-tax profit target Tax rate $10.00 5.00 1.40 240 000 380 000 126000 30%

Step by Step Answer:

a The beforetax profit is 180000 126000 1 3 b 620000 180000 10 640 2222222 units ...View the full answer

Accounting Business Reporting For Decision Making

Students also viewed these Business questions