Questions from Managerial Accounting

Q: MathTot sells a learning system that helps preschool and elementary students learn

MathTot sells a learning system that helps preschool and elementary students learn basic math facts and concepts. The company’s income statement from last month is as follows: Requi...

Q: Carr Orthotics Company distributes a specialized ankle support that sells for $

Carr Orthotics Company distributes a specialized ankle support that sells for $30. The company’s variable costs are $18 per unit; fixed costs total $360,000 each year. Required: a. If sales increase...

Q: a. James Shaw owns several shaved ice stands that operate in

a. James Shaw owns several shaved ice stands that operate in the summer along the Outer Banks of North Carolina. His contribution margin ratio is 60%. If James increases his sales revenue by $25,000 w...

Q: Matoaka Monograms sells stadium blankets that have been monogrammed with high school

Matoaka Monograms sells stadium blankets that have been monogrammed with high school and university emblems. The blankets retail for $50 throughout the country to loyal alumni of over 1,000 schools. M...

Q: Wimpee’s Hamburger Stand sells the Super Tuesday Burger for $4.

Wimpee’s Hamburger Stand sells the Super Tuesday Burger for $4.00. The variable cost per hamburger is $2.25; total fixed cost per month is $38,500. Required: a. How many hamburgers must Wimpee’s sell...

Q: Mary Smith sells gourmet chocolate chip cookies. The results of her

Mary Smith sells gourmet chocolate chip cookies. The results of her last month of operations are as follows: Sales revenue …………………………..……………..……. $50,000 Cost of goods sold (all variable)…………………………26,...

Q: On March 1, 2004, Seagram Co. CEO Edgar Bronfman

On March 1, 2004, Seagram Co. CEO Edgar Bronfman, Jr., purchased Warner Music Group for $2.6 billion. The next day he fi red 1,000 salaried employees and reduced top executives’ salaries, slashing ove...

Q: Amazon.com announced in a May 19, 2011, news

Amazon.com announced in a May 19, 2011, news release that the company was selling more Kindle books than traditional print books. From their first sales in November 2007, these ebooks have continued t...

Q: Andrew Sinclair operates a lawn care business. He offers customers a

Andrew Sinclair operates a lawn care business. He offers customers a choice of two services. The first service, basic lawn care, includes mowing and trimming of all lawn areas. Andrew bills these cust...

Q: Abado Profi les provides testing services to school districts that wish to

Abado Profi les provides testing services to school districts that wish to assess students’ reading and mathematical abilities. Last year Abado evaluated 60,000 math tests and 20,000...