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1 year ago

Where should a company undergoing reorganization report the gains and losses resulting from the reorganization?

1 answer:

7 0

A company undergoing reorganization report the gains and losses resulting from the reorganization On the income statement, separate from other gains and losses.

An income statement is a financial statement that suggests you the agency's income and expenditures. It also indicates whether a company is making income or loss for a given length. The income announcement, along with balance sheet and coins flow declaration, enables you apprehend the monetary health of your commercial enterprise.

What is income statement formula?

The simple components for an income statement is sales – expenses = net income. This simple equation shows whether or not the business enterprise is worthwhile. If revenues are more than charges, the business is worthwhile.

Why is income statement prepared?

The cause of the income statement is to show the reader how a great deal profit or loss an organization generated at some point of a reporting length.

What is the main elements of income statement?

The income statement offers sales, costs, and net earnings. The additives of the earnings statement consist of: sales; value of income; income, fashionable, and administrative charges; other operating prices; non-working income and fees; profits and losses; non-habitual objects; internet profits; and EPS.

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In a retail cash sales environment, which of the following controls is often absent?

JulijaS [17]

Answer:

The correct answer to the following question is option b) Separation of functions.

Explanation:

In a retail environment , the cash management process starts when a customer pays the cashier for the product or services he or she has purchased. The cashier then counts the cash in till drawer and then at end of the day cashier takes that cash to the third party who can be either manager or owner or a supervisor. Then cashier would receive a receipt against the cash for till drawer.

Now supervisor would collect cash from all the cashier and prepare the cash to be deposited in bank. So from this process it is quite clear that here there is separation of functions here and while all other options given in the question are present in the process.

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3 years ago

A travel agency discovers that it has been charged for payments to a print shop drawn on checks written by an unknown third part

trasher [3.6K]

Answer:

Forgery or Alteration Coverage Form.

Explanation:

The travel agency loss would be covered under Forgery or Alteration coverage form.

Under Commercial Crime insuring agreement, It insures an individual or business against the forgery or alteration of financial instruments e.g promissory notes, drafts, and checks with respect to payment of a sum of money that was made or drawn by the insured or anyone acting on his/her behalf such as next of kin.

8 0

3 years ago

Read 2 more answers

Martinez Company’s relevant range of production is 7,500 units to 12,500 units. When it produces and sells 10,000 units, its ave

VLD [36.1K]

Answer:

Martinez Company

1. Total amount of product costs for 10,000 units:

= 10,000 * $13.90

= $139,000

2. Period costs for 10,000 units:

= 10,000 * $6.15

= $61,500

3. Variable cost per unit of 8,000 produced and sold:

= $11.55

4. Variable cost per unit of 12,500 produced and sold:

= $11.55

5. Total variable costs for 8,000 units produced and sold:

= 8,000 * $11.55

= $92,400

6. Total variable costs for 12,500 units produced and sold:

= 12,500 * $11.55

= $144,375

7. Average fixed manufacturing cost per unit produced for 8,000 units:

= $4.00

8. Average fixed manufacturing cost per unit produced for 12,500 units:

= $4.00

9. Total fixed manufacturing cost for 8,000 units:

= 8,000 x $4.00

= $32,000

10. Total fixed manufacturing cost for 12,500 units:

= 12,500 x $4.00

= $50,000

11. Total amount of manufacturing overhead costs for 8,000 units:

= 8,000 * $5.60

= $44,800

per unit = $5.60

Variable manufacturing overhead = $1.60

Fixed manufacturing overhead = $4.00

Total per unit = $5.60

12. Total amount of manufacturing overhead for 12,500 units:

= 12,500 x $5.60

= $70,000

per unit = $5.60

Variable manufacturing overhead = $1.60

Fixed manufacturing overhead = $4.00

Total per unit = $5.60

13. Contribution margin per unit:

Selling price = $21.40

Variable manufacturing cost per unit = $9.90

Contribution margin per unit $11.50

14. Total amounts of direct and indirect manufacturing costs for 12,000 units:

Direct manufacturing costs = $9.90 x 12,000 = $118,800

Indirect manufacturing costs = $4.00 x 12,000 = $48,000

15. Incremental manufacturing cost if Martinez increases production from 10,000 to 10,001:

= $9.90

Explanation:

a) Data and Calculations:

Average Cost Per Unit

Direct materials $ 5.40

Direct labor $ 2.90

Variable manufacturing overhead $ 1.60

Total Variable Costs per unit $ 9.90

Fixed manufacturing overhead $ 4.00

Total product cost per unit $13.90

Period Costs:

Fixed selling expense $ 2.40

Fixed administrative expense $ 2.10

Sales commissions $ 1.10

Variable administrative expense $ 0.55

Total period costs per unit $6.15

All Variable costs:

Variable production costs $9.90

Sales Commission $1.10

Variable administrative expense $ 0.55

Total Variable costs $11.55

All Fixed Costs:

Fixed manufacturing overhead $ 4.00

Fixed selling expense $ 2.40

Fixed administrative expense $ 2.10

Total fixed costs per unit $8.50

7 0

3 years ago

What is the term of shipping directly from the supplier to the end consumer rather than from the seller, saving both time and r

Citrus2011 [14]

The term which describes the shipping who directly supplies from the supplier to the end consumer rather than from the seller, saving both time and reshipping costs is "Drop Shipping."

<h3>What is drop shipping?</h3>

When a vendor creates a website & sells items that they do not maintain in stock, this practice is known as drop-shipping.

Some key features of drop shipping are-

A third party, such as a manufacturer, another store, or a wholesaler, receives an order from the seller and ships the products straight to the customer.
A rapidly spreading trend involves online middlemen who charge you more money by keeping the difference between both the wholesale and prices.
Although drop-shipping is not prohibited, there is a lot of potential for issues and abuse on the part of both customers and sellers.
Following an online purchase, the drop-shipping company sends the ordered item directly to the consumer.
It provides both big and small businesses with a way to source goods, earn some extra cash, and free up some storage space.

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7 0

1 year ago

One of the main implications of the four-drive theory is that: employers should give all employees the same employee benefits. e

Vitek1552 [10]

Answer: Employers should offer employees enough opportunity to keep each of their drives in balance.

Explanation:

The Four-Drive Theory is a way of improving Employee motivation through more ways than just financial incentives. It is believed that all four factors are very integral in the motivation of employees and so managers would do well to implement them to get the best out of their employees.

The Four drives are, <em>Acquire and Achieve</em>, <em>Bond and Belong</em>, <em>Create and Challenge</em> and <em>Define and Defend</em>.

A key recommendation by the proponents of this theory is that Managers should not give their employees too little or too much opportunity to follow each drive but rather give them enough opportunity that they keep each drive balanced with the others.

3 0

3 years ago