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3 years ago

The Income Statement is also known as the company's financial condition at a specific point in time. A : True B : False

Business

1 answer:

sukhopar [10]3 years ago

3 0

Answer:

A : True

Explanation:

The income statement is also called as a profit and a loss statement and is called a revenue statement and is transformed into the net income and the net profits and is to show the managers and the investor whether the company is making a profit and represent over a period of time.

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Coastal Bank uses activity-based costing to determine the cost of servicing customers. There are three activity pools: teller tr

rosijanka [135]

Answer:Allocated MOH= $16

Explanation:

Giving the following information:

teller transaction processing ($2.80 per teller transaction)

check processing ($0.25 per canceled check)

ATM transaction processing ($0.20 per ATM transaction).

<u>To allocate overhead, we need to use the following formula:</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.8*4 + 0.25*12 + 0.2*9

Allocated MOH= $16

4 0

3 years ago

With respect to the consumer buying process, __________ is perhaps the most important factor that affects the time, effort, and

kupik [55]

Answer:

The Degree of Risk

Explanation:

With respect to the consumer buying process, the degree of risk is perhaps the most important factor that affects the time, effort, and expense dedicated to the search for information. When the higher risk is involved, we spend a lot of time in searching for information either from our external sources or internal sources. When the risk factor is less, then we do not spend much time and effort on searching for information. For example, when we are buying a packet of chips, we do not search information by spending much time and effort. But when we have to buy a car or a laptop, then we spend much time in searching for the information from all of the available sources because bad or wrong decision can cost us more in the case of buying a car or a laptop as compared to the buying of a packet of chips.

8 0

3 years ago

precise Machinery is analyzing a proposed project that is expected to sell 1,450 units, +3 percent. The expected variable cost p

ss7ja [257]

Answer: C.$221.86

Explanation:

Contribution Margin is the difference between the sales price and the variable costs.

Best case scenario of Sales would mean it is the higher amount.

Best case scenario of costs would mean the lower amount.

Best case Sales

= 349 * ( 1 + 3%)

= $359.47

Best Case Variable Cost

= 139 * ( 1 - 1%)

= $137.61

Best Case Contribution Margin

= Best case Sales - Best Case Variable Cost

= 359.47 - 137.61

= $221.86

8 0

3 years ago

Jonathan manages a department of 10 people. Once he got to know each of the individual employees, he realized it would be best f

dlinn [17]

Answer: Leader-member exchange

Explanation:

Leader member exchange is the situation where the leader of a group or facility gets to introduce himself to a group; old or new, for business, instructions as regards their dealings and other things hey be doing.

Jonathan applied the leader member exchange when he wanted to know and present his offer to them.

6 0

3 years ago

Why are economic systems needed? Respond to the question below with a minimum of 5 sentences.

harina [27]

Answer:

Explanation:Since economic resources are scarce, they must be used efficiently. We want to produce as much goods and services as we can, and in the process, produce the goods and services needed the most. There are five functions an economic system performs in producing goods and services for consumption.

6 0

3 years ago