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Yuliya22 [10]
3 years ago
5

Which of the following is untrue of the percent-of-sales method? Multiple Choice It is much easier than tracing through various

cash flows to arrive at the pro forma statements. It is a broad-brush approach when compared to developing pro forma statements. The output is less meaningful because it doesn't give the month-to-month breakdown of data when compared to pro forma statements. Changes in sales levels is not an important aspect of this method.
Business
1 answer:
kolezko [41]3 years ago
4 0

Answer:

Changes in sales levels is not an important aspect of this method.

Explanation:

Percent of sales method follows some static steps as follows:

Every item in the income statement whether in contribution format, or in any other format shows the item as a percentage of sales, and therefore, if there is any change in the level of sales it will impact widely on the entire statement.

Thus, it is a crucial part of percent of sales method, and cannot be avoided in any manner.

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Data concerning a recent period’s activity in the Prep Department, the first processing department in a company that uses proces
lys-0071 [83]

Answer and Explanation:

a. The computation of cost of ending work in process inventory for materials, conversion, and in total is shown below:-

For material = 2,080 × $15.66

= $32,572.80

For conversion = 930 × $6.23

= $5,793.90

For total cost of work in process inventory = $32,572.80 + $5,793.90

= $38,366.70

b. The computation of cost of the units completed and transferred out for materials, conversion, and in total is shown below:-

For material = 21,700 × $15.66

= $339,822

For Conversion = 21,700 × $6.23

= $135,191

For total cost of completed and transferred units = $339,822 + $135,191

= $475,013

3 0
3 years ago
Anshul worked as an engineer for futurtech. he had many innovative ideas for the company, but most were never explored to his sa
liberstina [14]
<span>The fact that Anshul had many innovative ideas and he applied his ideas and thoughts to this business and finally succeeded is an example of </span>entrepreneurs<span>hip.
</span>Entrepreneurship involves ideas, new solutions and concepts, creating new systems, resources, or processes to produce new goods or services and/or serve new markets.
8 0
3 years ago
Read 2 more answers
Two things that help you begin decomposing work are _____ and _____. Select an answer: reporting period; deliverables the scope
Rashid [163]

Answer:

the scope statement; deliverables

Explanation:

"Decomposing" a project will ensure an efficient way of accomplishing the project's goal. Before doing this, it is important to know what "the scope statement" is and the "deliverables" (multiple tasks in the production).

"The scope statement" allows one to know what should be included in the decomposition. It also tells <em>when you are going to stop breaking down </em>and what tasks are to be included. Once you know this, it<em> becomes easier to decompose a projec</em>t with<u> one deliverable at a time.</u> The scope will also be further clarified.

So, this explains the answer.

8 0
3 years ago
During the sensorimotor stage of cognitive development, the child:
Lina20 [59]

Answer:

The correct answer is d.

Explanation:

This stage extends from birth to the acquisition of the individual's language. Children build step-by-step knowledge and understanding of the world by coordinating experiences (such as sight and hearing) related to physical interaction with objects (such as grabbing and stepping).

The development of the permanence of the object is one of the characteristic achievements of this stage. Object permanence is the child's understanding that objects continue to exist even though he or she cannot perceive them.

Have a nice day!

4 0
2 years ago
Lenny's Landing has a net Section 1231 gain in the current year of $12,000. In the previous five years, there are $3,000 in unre
Ratling [72]

Answer:

As the $3,000 is unrecaptured losses, it will be carried forward to this year and would be set off against the current year's capital gains.

Explanation:

The previous year unrecaptured loss of $3000 will carried forward and would be set off against the capital gains of $12,000. The gain for the year can be calculated as under:

Capital Gain for the year = Gain Before unrecaptured losses   -  Carried Forward Losses

By putting values, we have:

Capital Gain for the year = $12,000  -  $3,000 = $9,000

The resultant $9,000 would be the capital gain for the year.

7 0
3 years ago
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