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Debora [2.8K]
4 years ago
9

During 2020, Bramble Company changed from FIFO to weighted-average inventory pricing. Pretax income in 2019 and 2018 (Bramble’s

first year of operations) under FIFO was $175,550 and $183,900, respectively. Pretax income using weighted-average pricing in the prior years would have been $147,000 in 2019 and $175,200 in 2018. In 2020, Bramble reported pretax income (using weighted-average pricing) of $201,100. Show comparative income statements for Bramble, beginning with "Income before income tax," as presented on the 2020 income statement. (The tax rate in all years is 30%.)

Business
1 answer:
serious [3.7K]4 years ago
7 0

Answer:

Explanation:

For showing the comparative income statement, first we have to do the calculations which are shown below:

For 2020 = Pretax income using weightage average pricing - tax rate @30%

= $201,100 - $60,330

= $140,770

For 2019 =  Pretax income using weightage average pricing- tax rate @30%

= $147,000 - $44,100

= $102,900

For 2018 =  Pretax income using weightage average pricing - tax rate @30%

= $175,200 - $52,560

= $122,640

We ignored the computation through FIFO method

The computation of the comparative income is shown in spreadsheet. Kindly find the attachment below:

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Job satisfaction questionnaires should always be anonymous to get employees to tell the truth.A. TrueB. False
xenn [34]

Answer:

B. False

Explanation:

I would say that most of the time (the vast majority actually) questionnaires should be anonymous. Imagine if you had to answer a questionnaire about your teacher, and he/she is a really bad teacher. If the questionnaire had your name on it, you would probably be much nicer than if the questionnaire was anonymous (due to the fear of retaliation by the teacher). The same thing happens on any workplace, no one will tell how bad his/her boss is if their name will appear on the questionnaire. Employees will always fear retaliation from their supervisor or manager, so they will not be completely honest.

But on some companies, employees might not fear any type of retaliation, specially on very horizontal organizations (flat structures with few management levels). The advantage of non-anonymous questionnaires is that they can be used to actually solve problems and follow up how the problems were solved or how do employees feel after they were solved.

The problem is that non-anonymous questionnaires work for companies that probably do not need them very much in the first place, while on companies that really need them, they are anonymous.

6 0
3 years ago
Kane Manufacturing has a division that produces two models of fireplace grates, x units of model A and y units of model B. To pr
Mademuasel [1]

Answer:

The company will produce the requested 150 units of A for a gain of 300 dollars

and then use his resourses to produce B yielding a gain of 90 dollars

total of 390 profit

Explanation:

The company will produce at least 150 units of product A therefore:

lbs used: 150 x 3 = 450

minutes of labor used 150 x 8 = 1,200

leaving available:

1,200 - 450 = 750 lbs

1,500 - 1,200 = 300 mins

As time is the most scarce resource we allocate base on thecontribution per minute:

product A $2 of profit for 8 minutes: 0.25 dollars per minute

product B $1.5 of profit for 5 minutes: 0.30 dollars per minute

As product B is more profitable considering labor time we use the entire amount left to produce product B

300 min / 5 minutes = 60 units of b

6 0
3 years ago
Problem 4.1: Emaline Returns If the share price of Emaline, a New Orleans-based shipping firm, rises from $12 to $15 over a one-
Rama09 [41]

Answer:

Yearly rate of return=25%

Monthly rate of return=0.0187%

Explanation:

Given present amount=$12

Given Future amount=$15

Using equation

F=P(1+i)^{n}

Where F is the future amount,P is the present amount and is the interest rate.

As n=12 since there are 12 months in the year and if calculate yearly n=1

15=12(1+i)^12

i=0.0187% monthly

8 0
3 years ago
Dividing buyers into groups based on their knowledge, attitudes, uses, or responses to a product is called ________ segmentation
enyata [817]

Answer: Behavioral segmentation

Explanation:

Behavioral segmentation refers to the division of consumers into groups according to their knowledge, attitudes, uses or responses to a product. Behavioral variables have been seen as the best starting point to segment a market. Within this type of segmentation, there are various definitions, one of them being occasions. On occasions, people are grouped according to the occasions when they have the idea of buying. There are also the benefits sought, which consists of grouping people according to the benefits they seek from a product. The frequency of use is also another way of grouping people, where they are grouped according to the times they are going to use a product or service.

3 0
3 years ago
Casey Company retired $500,000 face value, 9% bonds on June 30, 2021 at 96. The carrying value of the bonds at the redemption da
Annette [7]

Based on the information given the appropriate journal entry to record the redemption of the bonds is:

Casey Company  Journal entry

June 30, 2021

Debit Bonds payable                     $500,000  

Debit Premium on bonds payable $8,000

($508,000-$500.000)

Credit Gain on bond redemption  $28,000

($508,000 - $480,000)

Credit Cash                                   $480,000

($500,000 x 96%)

(To record redemption of the bonds)

Learn more here:brainly.com/question/23875796

4 0
2 years ago
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