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3 years ago

Cutting costs is the best way to maximize profitability. a. True b. False

1 answer:

wel3 years ago

4 0

The answer is false. There are a lot of ways and best methods of maximizing profitability but cutting cost is not the best method because it will likely minimize the profit because the cost are being cut down. That is why the answer would likely be false because it is not the best method.

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50 points. Ethics are essential in good accounting. For this assignment, find examples of poor ethical behavior in accounting an

Alexxandr [17]

Answer:

Ethics of accounting information is providing accounting information to make good economic decisions in the financial statement of the organization.

Explanation:

8 0

3 years ago

Stein Co. issued 17-year bonds two years ago at a coupon rate of 9.1 percent. The bonds make semiannual payments. If these bonds

Marizza181 [45]

Answer:

YTM is 7.43%

Explanation:

The yield to maturity of a bond can be computed using the rate formula in excel,which is given below:

=rate(nper,pmt,-pv,fv)

the nper is the number of coupon interest the bond would pay before it is redeemed at maturity starting from ,which is 15 years multiplied by 2=30

the pmt is the semiannual coupon payable by the bond,which is $1000*9.1%/2=$45.5

the pv is the price of the bond which is 115%*$1000=$1150

the fv is the face value of the bond at $1000

=rate(30,45.5,-1150,1000)=3.715%

The rate of 3.715% is a semi annual rate

annual rate 7.43%(3.715%*2)

6 0

3 years ago

Breed Products has performed extensive studies on its costs and production and estimates the following annual costs based on 150

mafiozo [28]

Answer:

(a) $8.20

(b) $1,125,000

Explanation:

(a) Unit selling price:

= (Total cost incurred + Desired profit) ÷ Number of units sold

= ($630,000 + $600,000) ÷ 150,000

= $8.20

(b) Profit = Dollar sales - Variable cost - Fixed cost

($ sales × 20% profit) = $ sales - ($ sales × 60%) - $225,000

($ sales × 20% profit) = ($ sales × 40%) - $225,000

$225,000 = ($ sales × 40%) - ($ sales × 20% profit)

$225,000 = ($ sales × 20%)

Dollar sales = $225,000 ÷ 20%

= $1,125,000

= Dollar sales ÷ Selling price per unit

= $1,125,000 ÷ $9

= 125,000

4 0

3 years ago

In the new products process, after evaluating an idea, various views on the idea are combined together in what is often called t

kolezko [41]

Answer:

The correct answer is letter "A": full screen.

Explanation:

The full screen is a scoring model carried out to determine the feasibility of a product. In this stage, the technical and commercial aspects of that product are evaluated to find out if it is possible to be materialized or if the development of that good should stop.

5 0

3 years ago

The formula for the predetermined overhead rate is estimated annual overhead costs divided by an expected annual operating activ

MrRissso [65]

Answer:

True

Explanation:

<em>Absorption costing is a method of costing where production units and inventories are value at the full cost per unit. Here, fixed overheads are charged to all units produced using an overhead absorption rat</em>

<em>Under the traditional absorption costing system, overhead is assigned to units produced using different bases ranging from labour hours, machine hours, e.t.c</em>

Overhead absorption rate = Estimated overhead/Estimated Activity level

Answer : True

6 0

3 years ago