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2 years ago

A common-sized income statement, each item is expressed as a percentage of net income. true false

Business

1 answer:

oee [108]2 years ago

8 0

In a common-sized income statement, each item is expressed as a percentage of net income. TRUE

Commonplace-size earnings statement is the vertical evaluation of the income statement. A vertical analysis indicates all gadgets as chances and now not in absolute figures which affords a higher assessment. each line object is expressed as a percent determined by the base parent within the declaration.

A not unusual length earnings statement is an earnings declaration wherein each line item is expressed as a percent of the price of revenue or income. it's far used for vertical analysis, in which each line object in a monetary assertion is represented as a percentage of a base figure inside the assertion.

Commonplace length statements are usually expressed in the form of percentages. therefore, such statements are also known as a hundred according to cent statements or factor percent statements as all of the individual items are taken as a percent of 100.

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The information below pertains to Basselier, Inc.:

wel

Answer and Explanation:

The journal entry to record the tax provision is given below:

Income tax expenses $48,840,000

Deferred tax assets ($10,900,000 ×0.40) $4,360,000

To Deferred tax liability (($15,900,000 + $1,900,000)×0.40) $7,120,000

To Income tax payable ($129,000,000 ×0.40) $51,600,000

(To record income tax expenses)

Here the income tax expense and deferred tax asset should be debited as it increased the asset and expenses and credited the liability & tax payable as it increased the liability

4 0

3 years ago

Manual simulation is limited because of the amount of real time required to simulate even one trial.

Alex73 [517]

It's true
hope it's help:)

3 0

3 years ago

Read 2 more answers

A disadvantage of bonds is: Group of answer choices Bonds require payment of periodic interest Bonds require payment of principa

lys-0071 [83]

Answer:

All of the above.

Explanation:

A bond can be defined as a debt or fixed investment security, in which a bondholder (investor or creditor) loans an amount of money to the bond issuer (government or corporations) for a specific period of time. The bond issuer are expected to return the principal (face value) at maturity with an agreed upon interest (coupon), which are paid at fixed intervals.

The disadvantages of bonds are listed below as;

1. Bonds require payment of periodic interest.

2. Bonds require payment of principal.

3. Bonds can decrease return on equity.

4. Bond payments can be burdensome when income and cash flow are low.

5 0

3 years ago

Last year a business had fixed costs of £875,000 and revenue of 2.5 million. The business had total variable coats of 50,000 and

Tomtit [17]

Answer:

Total cost of the business = £925,000

Explanation:

Solution:

Data given:

Fixed cost = £875000

Revenue generated = 2.5 million

Total variable cost = 50,000

Units Sold = 100,000

What is the total cost of the business = ?

Formula for total cost of the business is:

Total Cost = Total Fixed Cost + (Average variable cost per unit x units produced)

Here we have, Total variable cost not the average variable cost per unit.

So,

Average variable cost per unit = Total variable cost/ units produced

Average variable cost per unit = 50,000/100,000

Average variable cost per unit = 1/2 = £0.5 per unit.

Now,

Total cost of the business = Total Fixed Cost + (Average variable cost per unit x units produced)

Let's plug in the values.

Total cost of the business = 875,000 + (0.5 x 100,000)

Total cost of the business = £925,000

6 0

3 years ago

When the price of gasolineâ€‹ rises, some consumers begin riding their bikes more frequently or riding the bus instead of drivin

NeTakaya

CPI does not fully account for such changes in consumer behavior is called

substitution bias

Explanation:

When the price of gasoline rises, some consumers begin riding their bikes more frequently or riding the bus instead of driving their cars. The fact that the CPI does not fully account for such changes in consumer behavior is called substitution bias
Substitution bias describes a possible bias in economic index numbers
If the consumer behavior do not incorporate data on consumer expenditures going from relatively more expensive products to cheaper ones as prices will change.
Substitution bias is the price of a products when the consumer basket increases substantially, consumers tend to substitute lesser priced alternatives.
Substitution bias is a genuine problem with a price index. Consumers can substitute goods in response to price changes.

7 0

3 years ago