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2 years ago

organizations design and implement systems to capture the details of transactions involved in each business

1 answer:

4 0

Organizations design and implement accounting information systems to capture the details of transactions involved in each business.

<h3>What is accounting information?</h3>

Accounting information is fed into an accounting information system that uses computers to process data. It records and tracks all the accounting activity of the business by making use of information technology systems and resources.

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A state government reported a $9,000 increase in net position in the motor pool internal service fund, a $12,000 increase in net

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Answer: $12,000

Explanation:

Only the $12,000 will be reported in Statement of Activities ( the financial statement used to report revenues and expenses for governmental and business-type activities) as a change in net position for business-type activities.

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3 years ago

1. In your opinion, what do you think are the common thing that is found in all the elasticity

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Answer:

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2 years ago

The operating revenues of the three largest business segments for Time Warner, Inc., for a recent year follow. Each segment incl

Kisachek [45]

Answer:

Time Warner, Inc.

Turner Home Box Office Warner Bros. Total

Segment Revenues

(in millions) $21,700 $22,200 $80,600 $124,500

Variable costs 4,774 10,434 25,792 41,000

Contribution margin $16,926 $11,766 $54,808 $83,500

Contribution ratio 78% (100 - 22) 53% (100 -47) 68% (100 -32) 67%

b. Certainly, Turnover and Warner Bros. are more profitable businesses than Home Box Office in terms of total contribution margin (dollars) and contribution margin ratio.

Explanation:

a) Data and Calculations:

Segment Revenues

(in millions)

Turner (cable networks and digital media) $21,700

Home Box Office (pay television) 22,200

Warner Bros. (films, television, and videos) 80,600

Assume that the variable costs as a percent of sales for each segment are as follows:

Turner 22%

Home Box Office 47%

Warner Bros. 32%

b) The contribution margin ratio for the three segments can easily be determined by subtracting the variable costs percentages from 100 for each segment instead of doing more computations (Contribution margin/Sales Revenue * 100). But the results are the same for either method.

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