a. that expenses be ignored if their effect on the financial statements is unimportant to users' business decisions.
Matching principle is where expenses are said to be reported accordingly within a certain period.
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Answer:
Contribution margin = Total sales - Total variable cost
= $580,000 - $360,000
= $220,000
A CVP income statement would report contribution margin of $220,000
The correct answer is D
Explanation:
CVP income statement usually separate variable cost from fixed cost. In this case, there is need to determine contribution margin, which is the excess of total sales over total variable cost.
Answer:
I think social media has a lot of political references, but I don't think anything can necessarily have "too many". Unless the political references are not related to the topic.
If TOMS decided to enter the tea business and they purchased part of a foreign tea company to join with them to found TOMS Teas, this would be an example of __________.
a. direct foreign investment
b. contract manufacturing
c. a joint venture
Answer:
This would be an example of a joint venture.
Explanation:
A joint venture (JV) is a corporate agreement in which two or more organisations agree to share money to carry out a specific mission. This role can be a new project or a new enterprise.
Each of the partners shall be liable in a joint venture (JV) for benefit, loss and related costs. The corporation is therefore its own organisation, independent from other corporate interests of the members.
These are alliances, which can carry on some formal system in a conversational context.
The common usage of JVs is to join a global industry partner with such a local company.
Answer:
<em>Management contracting</em>
Explanation:
Contracting management is <em>a procurement route wherein the functions are built by a wide range of different contractors who have been contracted to a management contractor.</em>
The client generally appoints the Management Contractor early in the design phase to use their understanding to enhance the cost and buildability of proposals as they develop, as well as recommendation on packaging.