Managerial accounting?
Madden company has supplied the ff info for 2010Cash harmonize,balance January 1 $ 32,000
Total revenues 425,000
Total expenses 435,000
All revenues are collected when earn and all expenese are remunerated as incurred.The total expenses include $21,000 of depreciation.
a. How much profit did madden company earn during 2010
b.What was the culmination balance of cash/
C.Explain how much bread increased during the year.
Answers: a. No profit
b. 43,000
c. depreciation expense is a book entry and does not effect cash
A)$11,000
B) 43,000
a. Net loss ($10,000)
b. $32,000 + $425,000 - $414,000 = $43,000
c. $43 - 32 = $11,000 increase
What kind of jobs do they have for ages 16 and up?
Answers: anything you want to apply for. Kids at that age mostly go with like a hostess at a restaurant, or a cashier at HEB or something. When I was 16 I was a lifeguard (a) Six Flags.
Fast food restraunts, supermarkets
How do you work out the Break-even point of a Service Business?
I am using Business Plan Pro 2007 and it is giving me a negative monthly Revenue Break Even point even though adjectives the other figures are correct. So, I may hold to do it myself.Note: This is an internet site that ONLY sells selling - however, dozens of different prices for the advertising.
Important Note: This is for a startup company, so no knotty figures are available, I lone have projections.
Thanks for your back.
Answers: I'm glad to hear that you're using Business Plan Pro 2007 but sad to hear that you're have problems with it calculating your Break Even point. One item that you might try in Business Plan Pro is to reset the failure to pay formulas in the Break Even table so that it is pulling the correct facts from your Sales Forecast and Profit and Loss to calculate the break even point. You can reset the failure to pay formulas by right clicking in the Break Even table and choosing Formula Reset > Table.
If you're still have problems with it calculating a glum break even point, you might have an unusual forecast close to a partial year for the first year in the plan. In that defence, you'll be better served by doing your own Break Even point. It's usually calculated by taking the following:
Fixed Cost รท (1-(Unit variable Costs/Unit Price))
Where:
o Unit Price - The price that you charge per section. Take into account sale discounts and special offers. For non-unit base businesses, make the per-unit revenue $1 and enter your costs as a percent of a dollar.
o Unit irregular cost - The incremental cost of each element of sale. If you are using a Units-Based Sales Forecast table (for production and mixed business types), you can project unit costs from the Sales Forecast table. If you are using the elementary Sales Forecast table for retail, service and distribution businesses, use a percentage estimate. For example, a retail store running a 50% margin would own a per-unit cost of .5, and a per-unit revenue of 1.
o Fixed costs - Technically, a break-even analysis defines fixed costs as costs that would verbs even if you went broke. Instead, you may want to use your regular running fixed costs, including payroll and middle-of-the-road expenses. This will give you a better insight on financial reality.
This information is available online in the HurdleBook at:
http://www.hurdlebook.com/
Here's a screening of Break Even articles:
http://tinyurl.com/2bdspk
(sorry, I had to net it a TinyURL, runeye.com didn't like it)
Lastly, we do hold a free "Break Even" calculator available if you want to use it instead. You can find that on our www.Bplans.com site at:
http://www.bplans.com/common/calculators...