Complete Question:
As compared to a traditional income statement format, an income statement organized by cost behavior does not include:
a contribution margin.
b cost of goods sold.
c operating income.
d revenues
Answer:
As compared to a traditional income statement format, an income statement organized by cost behavior does not include:
b cost of goods sold.
Explanation:
Cost behavior describes the classification of costs into four main patterns because of the way they respond to changing activity levels. The four basic cost behavior patterns are fixed, variable, mixed (semi-variable), and step. These cost behavior patterns remain valid within the relevant production and sales range or activity level or volume.
Answer:
Explanation:
In order to find the highest amount david can pay or in other words the present value of the investment we would have to discount the cash flows
3000/1.08+3000/1.08^2+3000/1.08^3+3000/1.08^4+3000/1.08^5=11,978
D. For savers in low income tax brackets than for savers in high income tax brackets.
Answer:
See explanation section
Explanation:
The five activities of the operating cycle of a merchandiser with credit sales include the following activities. The arranging activities after merchandise acquisition are as follows:
D. Purchase merchandise; → A. Prepare merchandise for sale; → C. Make credit sales to customers; → E. Monitor and service accounts receivable; → D. Collect cash from customers on account.
