1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuliya22 [10]
4 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]4 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.

You might be interested in
For each of the goods, identify the characteristics that describe each good. Note that each good will be described with two char
Bad White [126]

Answer: PLEASE  see below for answer

Explanation: An excludable good is referred to as a private good which restrict people from using them while a non excludable goods are public goods that do not place restriction an so  people can access them eg park .

Also, Non-rivalrous goods are those goods that even though consumed by the people will not cause shortage of the  availability of the same goods to others.   A rivalrous good is the opposite as it causes shortage in availability  to others when used.

National Defence----Non excludable and Non Rivalrous

Pay-Per-View cable television---Excludable and NonRivalrous

a Hot Pocket sandwich--- Excludable and Rivalrous

private classroom education--- Excludable and Rivalrous

pajamas--- Excludable and Rivalrous

a unicycle ---- Excludable and Rivalrous

7 0
3 years ago
In order to be considered a legal owner of a public company, a person or organization must _____
olga_2 [115]

In order to be considered as a legal owner of a public company, a person or an organization must hold or own at least one stock of such public company.

<h3>What is the significance of a legal owner?</h3>

A legal owner can be referred to or considered as a person who is the owner of a property, whether movable or immovable, in the eyes of the laws. A legal owner is better than any other owner for having the right to own, possess, and sell such property.

In case of a public company, a legal owner will be someone who owns the stock of such company, irrespective of the quantity of stocks held by such owner.

Therefore, the significance regarding a legal owner has been aforementioned.

Learn more about a legal owner here:

brainly.com/question/27962043

#SPJ4

3 0
2 years ago
Orioles Company bought Special Products Division in 2017 and appropriately recorded $741,000 of goodwill related to the purchase
goldfiish [28.3K]

Answer:

No goodwill impairment should be recognized by Orioles in 2018

Explanation:

Data provided in the question:

Goodwill related to the purchase = $741,000

Fair value of Special Products Division = $5,600,000

Goodwill existing on December 31, 2018 = $595,000

Now,

Here, the fair value of division including the goodwill i.e $5,600,000 is lower than the fair value of division excluding the goodwill i.e $595,000

Hence,

There will be impairment loss

Hence,

No goodwill impairment should be recognized by Orioles in 2018

4 0
3 years ago
Bebe Rexha has AGI of $100,000 and makes the following expenditures:
shutvik [7]

Answer:

$31000 will be allowed as expenditure

Explanation:

given data

Wheelchair  = $10,000

Whirlpool bath = $10,000

Maintenance =  $1,000

Increased utility bills =  $1,000

various home modifications = $10,000

solution

as here value of the home increased =  $1000

and that is  increaed utility bill of the whirlpool

so that expenditure will be added to value of asset

so  

total expenditure is = $10000 + $10000 + $10000 + $1000 =  $31000

so $31000 will be allowed as expenditure

7 0
3 years ago
Dry cleaning of clothing produces air pollutants. Therefore, in the market for dry cleaning services, the equilibrium price:
Marianna [84]

Answer:

The correct answer is (D)

Explanation:

A negative externality is a cost that is endured by an outsider as an outcome of a financial exchange. In economic exchange, the manufacturer and customer are the first and second parties, and the third party is the one who suffers from the transaction it incorporates any individual, association, land, and owner. The dry-cleaning business is creating a lot of negative externalities that equilibrium cost is too high ever to be ideal, and the equilibrium quantity is excessively low.

7 0
3 years ago
Other questions:
  • Many business organizations effectively use _____ to train communications, sales, and customer service skills. Trainees gain ski
    5·1 answer
  • Dyckman Dealers has an investment in Thomas Corporation bonds that Dyckman accounts for as a trading security. Thomas Corporatio
    10·1 answer
  • The rate the fed charges member banks for short-term loans is called the ________.
    12·1 answer
  • A study sponsored by the american medical association suggests that the absolute value of the own price elasticity for surgical
    8·1 answer
  • I need help with this
    14·1 answer
  • Suppose that a labor economist finds that one of her research subjects has earned significantly higher wages throughout his life
    12·1 answer
  • 1. A master budget________. a) is the initial plan of what the company intends to accomplish in the period and evolves from both
    6·1 answer
  • Which of the following has the largest impact on opportunity cost?
    12·2 answers
  • Nora owns a sock business. She has been selling mostly online to U.S. buyers, but now she wants to expand her sock business to o
    6·1 answer
  • Which of the following statements regarding culture and government is true? Multiple Choice In the United States, there is a clo
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!