Answer:
(E)
Explanation:
Since SwimFit wants to improve the quality of its goggles and other products inorder to achieve better quality than that of its competitor it is termed reverse engineering.
Any reproduction of another manufacturer's product after examination of how it is made is called reverse engineering.
An example of this scenario occurs in real life when a close competitor of a firm invents a new mobile phone with certain features. Within a few weeks the other firm might release their own mobile phone with similar or even better features.
Answer:
<u>Favourable Changes:</u>
Sales
Gross Profit
Operating Income
Interest Expense
Net Income
<u>Unfavourable Changes:</u>
Cost Of Sales
Selling Expenses
General Expenses
Other Revenue
Income Taxes
Explanation:
Observe Movement from 2018 results to 2019 results
Erie Corp
Vertical Analysis of Income Statement
2019 2018
Sales 1,397 1,122
Less Cost Of Sales 935 814
Gross Profit 462 308
<u>Less Operating Expenses</u>
Selling Expenses 154 121
General Expenses 88 77
Operating Income 220 110
<u>Less Non- Operating Expenses</u>
Other Revenue 4 7
Interest Expense 2 9
Income Taxes 134 66
Net Income 88 42
The answer is $736.96
formula W=p(1+i/q) *(qy)
where p=360 , y=18 (years) , i-0.04 , q=4 (quarterly compounding)
W=360(1+.01)*72
=360*2.0471
Answer:
C. WIP InventoryminusMolding
Explanation:
Crediting is the amount or the items leaving the account, so since the Molding inventory is the one letting go of things, this is in the positive part of the T graph, so since it is having a credit, since it is providing it, the C. WIP InventoryminusMolding is the one that is being credited, on the other hand you should debit the WIP InventoryminusColoring since it is the one receiving the products.
Answer:
Project Y = -$1,825.80
Project Z = $4,148.00
Explanation:
Calculation are as attached in the file