Sales volume next year is anticipated to be 50,000 plates of fried rice. By what percentage would

Question:

Sales volume next year is anticipated to be 50,000 plates of fried rice. By what percentage would the selling price have to be changed to generate a net income of £75,000, assume corporate tax is 25%, all other things remaining the same?

a. +20%

b. -46.67%
c. 0%

d. +12%

You are given the following details regarding the operations of Cheng Hi Fried Rice Restaurant.

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

Step by Step Answer:

Related Book For book-img-for-question

Horngrens Cost Accounting A Managerial Emphasis

ISBN: 9780135628478

17th Edition

Authors: Srikant M. Datar, Madhav V. Rajan

See More Books

Question Posted: Jul 25, 2022 03:58 AM

See More Questions

After graduating from Eastern University in Campus Town, USA with a degree in business, Michael Woods realized that he wanted to remain in Campus Town. After a number of unsuccessful attempts at...
Calculate the breakeven point in both units and sales value a. 30,000 plates of fried rice and 60,000 b. 180,000 plates of fried rice and 80,000 c. 10,000 plates of fried rice and 180,000 d. 30,000...
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
Design a disc brake with a double caliper. Each side of the disc has two 40-mm-diameter pads. The center of the brake pads is at a radius of 150 mm. The outside diameter of the disk is 360 mm. The...
What is a healthy workplace? Give an example.
The cables of a 200-ft portion of the roadbed of a suspension bridge are positioned as shown below. Vertical cables are to be spaced every 20 ft along this portion of the roadbed. Calculate the...
Prove directly that, for each $t \geq 0$, \[\mathbb{E}\left(e^{-z T(t)} ight)=\int_{0}^{\infty} e^{-z s} f_{T(t)}(s) d s=e^{-t z^{1 / 2}}\] where $(T(t), t \geq 0)$ is the Lvy subordinator.
Fore Farms reported a pretax operating loss of $137 million for financial reporting purposes in 2021. Contributing to the loss were (a) a penalty of $5 million assessed by the Environmental...
What happens when spectrometer gives negative values? Why?
Suppose that during the analyze phase an obvious solution is discovered. Should that solution be immediately implemented and the remaining steps of DMAIC abandoned? Discuss your answer.
CVP analysis assumes that costs can be accurately divided into fixed and variable categories. Do you agree? Explain.
Is it possible to calculate the breakeven point for a company that produces and sells more than one type of product? Explain.
Father Michaels Wraps (pitas, wraps, flat breads) is experiencing turnover in the range of 100 percent. Most of this occurs in the first 18 months of employment. How would you determine if this...
Part One: Le-Nature's Inc. Case Explain the corporate governance-related responsibilities of the internal roles (accountants) within the case. Explain the corporate governance-related...
Modern Electronics Company purchases merchandise inventory from several suppliers. On April 1, 2023, Modern Electronics purchased from Speedy Supplies $120,000 of inventory on account. On May 15,...
industry comparison of delta airlines and American Airlines financial statement analysis to determine which company you should invest Provide an analysis of the horizontal, common size, and ratio...
based on coco cola income statement https://finance.yahoo.com/quote/KO/financials 1. Profit Margins (Gross Profit Margin, EBIT Margin, Net Profit Margin, EBIDTA Margin, EBITDA Growth, Return on...
Justify how a cost-benefit analysis will help to focus the vendor selection process. Discuss the difference between a request for information and a request for a proposal. a.Explain why one might be...
a. List the two types of assets that companies own. b. What are assets-in-place? How can their value be estimated? c. What are nonoperating assets? How can their value be estimated? d. What is the...
Calculate I, , and a for a 0.0175 m solution of Na 3 PO 4 at 298 K. Assume complete dissociation. How confident are you that your calculated results will agree with experimental results?
You are a new junior accountant at In Focus Corporation, maker of lenses for eyeglasses. Your company sells generic-quality lenses for a moderate price. Your boss, the controller, has given you the...
Marissa Designs, Inc., makes jewelry in the shape of geometric patterns. Each piece is handmade and takes an average of 1.5 hours to produce because of the intricate design and scrollwork. Marissa...
Bracelet Delights is a new company that manufactures custom jewelry. Bracelet Delights currently has six customers referenced by customer number: 01, 02, 03, 04, 05, and 06. Besides the costs of...
Based on linear element condition, as indicated in the following equation Displacement, Y = a + a2X and Boundary condition when X-X, Y = Y and when X = X2, Y=Y2; The shape function is X- X N(x) = X2...
An aircraft arresting system is used to stop airplanes whose braking systems fail. The system stops a 59.1-Mg airplane moving at 98 m/s in 8.10 s. (b) What is the average deceleration {in absolute...
A torsion bar is to have a solid circular cross#section. It is to carry a fluctuating torque from 30 to 65 N m. Use SAE 4140 OQT 1000 for the bar, and determine the required diameter for a design...

Sales volume next year is anticipated to be 50,000 plates of fried rice. By what percentage would

Question:

Fixed costs Selling price of a plate of fried rice Variable costs per plate of fried rice £60,000 £ વા વા £ 6.00 4.00

Step by Step Answer:

d 12 To generate a net income of 75000 the sales revenue would have to be 100000 7500...View the full answer

Horngrens Cost Accounting A Managerial Emphasis

Students also viewed these Business questions