The marketing team of a small company had a budget of 2900 euros to spend on events in the prior year, and underspent by 6%. This year, owing to budget cuts, the marketing team can only spend 5/8 of last year's spend.To the nearest euro, what is this year's marketing budget
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The marketing team of a small company had a budget of 2900 euros to spend on events in the prior year, and underspent by 6%. This year, owing to budget cuts, the marketing team can only spend 5/8 of last year's spend.
To the nearest euro, what is this year's marketing budget
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- Carmichael Corporation is in the process of preparing next years budget. The pro forma income statement for the current year is as follows: Required: 1. What is the break-even sales revenue (rounded to the nearest dollar) for Carmichael Corporation for the current year? 2. For the coming year, the management of Carmichael Corporation anticipates an 8 percent increase in variable costs and a 60,000 increase in fixed expenses. What is the break-even point in dollars for next year? (CMA adapted)Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month's budget appear below: Selling price per unit. Variable expense per unit Fixed expense per month Unit sales per month Required: 1. What is the company's margin of safety? (Do not round intermediate calculations.) 2. What is the company's margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. 1234 should be entered as 12.34).) 1. Margin of safety (in dollars) 2. Margin of safety percentage $26 $ 19 $ 6,090 1,020 $ 4,300 15.25 %Lux Co. believes that its collection costs could be reduced through modification of collection procedures. This action is expected to result in a lengthening of the average collection period from 30 to 40 days; however, there will be no change in uncollectible accounts, or in total credit sales. Furthermore, the variable cost ratio is 65%, the opportunity cost of a longer collection period is assumed to be negligible, the company's budgeted credit sales for the coming year are P45,000,000, and the required rate of return is 5%. To justify changes in collection procedures, the minimum annual reduction of costs (using a 360-day year and ignoring taxes) must be
- Data for Hermann Corporation are shown below: (See image attached) Fixed expenses are $87,000 per month and the company is selling 2,900 units per month. Required: 1-a. How much will net operating income increase (decrease) per month if the monthly advertising budget increases by $9,200 and monthly sales increase by $20,250? 1-b. Should the advertising budget be increased?Michael Corporation spends Php 220,000 per annum on its collection department. The company has Php 12M in credit sales. Its average collection period is 2.5 months, and the percentage of bad debts loss is 4%. The company believes that if it were to double its collection personnel, it could bring down the average collection period to 2 months and bad debt losses to 3%. The added cost is Php 180,000, bringing total expenditures to Php 400,000 annually. Is the increased effort worthwhile if the opportunity cost of funds is 20%? If it is 10%?The Puyer Corporation makes and sells only one product called a Deb. The company is in the process of preparing its Selling and Administrative Expense Budget for next year. The following budget data are available: Variable Monthly Fixed Cost Cost Per Deb Sold Sales commissions Shipping Advertising Executive salaries Depreciation on office equipment $1.10 $1.60 $ 52,000 $62,000 $ 22,000 $ 42,000 $0.40 Other All of these expenses (except depreciation) are paid in cash in the month they are incurred. If the company has budgeted to sell 17,000 Debs in February. then the total budgeted fixed selling and administrative expenses for February is: Multiple Cholce O $156,000 $178,000 $126,000 $136,000
- Molander Corporation is a distributor of a sun umbrella used at resort hotels. Data concerning the next month’s budget appear below: Selling price per unit$ 28Variable expense per unit$ 17Fixed expense per month$ 9,790Unit sales per month1,040 Required: 1. What is the company’s margin of safety? (Do not round intermediate calculations.) 2. What is the company’s margin of safety as a percentage of its sales? (Round your percentage answer to 2 decimal places (i.e. .1234 should be entered as 12.34).)The following data relates to a company's operating budget for its next operating year: Sales price per unit (£) 29 Sales volume (units) 119,000 Costs: Materials (£) 52,500 Labour (£) 33,800 Energy (£) 25,000 Depreciation (£) 105,000 The budget has been prepared using the following assumptions: Materials costs are variable. Labour costs are semi-variable with a fixed element of £15,000. Depreciation is a fixed cost. An allowance for an energy price increase of 12% has already been included in the energy costs. The company now wishes to revise the data to incorporate the following updated assumptions: Selling prices will be reduced by 7% The sales volume will increase by 7% The rise in the energy prices should be revised to 8% What will be the company's new energy cost for the year?Bernoulli's business budget included sales of $350 000 and fixed costs of $52 600. If the total contribution margin for the business was $125 000:a)Find the contribution rate as a percentage approximated to nearest 100th. b)What are the sales needed to break even?
- Fairfield Company management has budgeted the following amounts for its next fiscal year: If Fairfield can reduce fixed expenses by $41,625, by how much can variable expenses per unit increase and still allow the company to maintain the original breakeven sales in units? a. $2.78 b. $0.53 c. $0.25 d. $0.75ittman Company is a small but growing manufacturer of telecommunications equipment. The company has no sales force of its own; rather, it relies completely on independent sales agents to market its products. These agents are paid a sales commission of 15% for all items sold. Barbara Cheney, Pittman’s controller, has just prepared the company’s budgeted income statement for next year as follows: Pittman CompanyBudgeted Income StatementFor the Year Ended December 31 Sales $ 20,000,000 Manufacturing expenses: Variable $ 9,000,000 Fixed overhead 2,800,000 11,800,000 Gross margin 8,200,000 Selling and administrative expenses: Commissions to agents 3,000,000 Fixed marketing expenses 140,000 * Fixed administrative expenses 1,960,000 5,100,000 Net operating income 3,100,000 Fixed interest expenses 700,000 Income before income taxes 2,400,000…As a newly hired management accountant, you have been asked to prepare a profit plan for the company for which you work. As part of this task, you've been asked to do some what-if analyses. Following is the budgeted information regarding the coming year: Selling price per unit Variable cost per unit Fixed costs (per year) $ 100.00 70.00 1,200,000 Required: 1. What is the breakeven volume, in units and dollars, for the coming year? 2. Assume that the goal of the company is to earn a pretax (operating) profit of $300,000 for the coming year. How many units would the company have to sell to achieve this goal? 3. Assume that of the $70 variable cost per unit the labor-cost component is $25. Current negotiations with the employees of the company indicate some uncertainty regarding the labor cost component of the variable cost figure presented above. What is the effect on the breakeven point in units if selling price and fixed costs are as planned, but the labor cost for the coming year is…