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
Feliz [49]
3 years ago
5

The contribution approach to the income statement:Group of answer choicesOrganizes costs on a functional basis.Shows a contribut

ion margin rather than a net operating income figure at the bottom of the statement.Is useful to managers in planning and decision making.Can only be used by manufacturing companies.
Business
1 answer:
Pavel [41]3 years ago
4 0

Answer: Is useful to managers in planning and decision making.

Explanation:

The Contribution approach to the income statement helps the company understand better the behaviour of it's variable and fixed assets because the Contribution Margin approach first subtracts variable costs from revenue and then subtracts fixed costs.

This allows the company to know which of the costs are more taxing on the company thereby enabling the company to know which to work on. It is therefore useful to managers in planning and decision making.

You might be interested in
Turnbull Corp. is in the process of constructing a new plant at a cost of $30 million. It expects the project to generate cash f
Nataliya [291]

Answer:

The net present value of this project is $1<u>3,587,962.96</u>

Explanation:

<em>The </em><em>Net present value (NPV)</em><em> is the difference between the present value of cash inflows and the present value of cash outflows  from a decision. A positive NPV indicates a profitable investment and a negative the opposite.</em>

<em>We can be work out the NPV of Turnbull Corp as follows</em>

                                                            Present Value

Year 1       13000,000× *(1.2^(-1)  = 10,833,333.3

Year 2     23,000,000 × 1.2^(-2) =   15,972,222.22

Year 3    29,000,000 ×  1.2^( -3) =   <u>16,782,407.41 </u>

Total PV of cash inflows                   43,587,963.0

Less the PV of cash outflow            <u>  (30,000,000)</u>

Net Present Value (NPV)                 <u>13,587,962.96</u>

       

The net present value of this project is $1<u>3,587,962.96</u>

8 0
3 years ago
Read 2 more answers
A particular gas welding process in a confined space is suspected of producing dangerous concentrations of carbon monoxide, carb
Semmy [17]

Answer:

Pls refer to the attached file

Explanation:

4 0
3 years ago
An employee earns $28 per hour and 1.5 times that rate for all hours in excess of 40 hours per week. If the employee worked 55 h
Gemiola [76]

Answer: Gross pay- $1750.00

Net pay - $1,215.75

Explanation: Gross pay = Nomal time =$28*40= $1,120. Overtime = $28*1.5*15= $630 Total= $1,750

Net pay = $1,750 less Security tax, Medicare tax, federal income tax withheld.

$1750* 6.0%= $105

$1750* 1.5% = $26.25

Tax withheld= $403

Net pay= $1,750-$105-$26.25-$403

= $1,215.75

8 0
3 years ago
When teams have a high degree of dependence on outsiders, is the best team strategy.
Nataly_w [17]

Probing is the best team strategy.

3 0
2 years ago
Read 2 more answers
Harry forms the Nectarine Corporation during the 2019 tax year. To form the corporation, Harry transfers assets having a fair ma
Maksim231197 [3]

Answer:

150000

Explanation:

The question says that Harry received a fair market value = 450000 dollars

Meanwhile he transferred 650000 dollars of assets

Fair value of assets = 650000 - 200000 = 450000

Harry's adjusted basis = 350000

Therefore the share received will be:

350,000 - 200,000

= 150,000 dollars.

Harry's basis in the stock received from the corporation is $150,000.

Thank you!

5 0
2 years ago
Other questions:
  • Emma has ben promoted to a managerial position where she manages fifty employees in a division that has a history of low product
    8·1 answer
  • Today, almost every sales rep can immediately check the company's inventory andproduction schedule electronically. This allows s
    9·1 answer
  • Robert hitchcock is 40 years old today and he wishes to accumulate $500,000 by his 65th birthday so he can retire to his summer
    15·1 answer
  • Which statement is true?A) From a legal perspective, preferred stock is a form of corporate equityB) All classes of stock must h
    6·1 answer
  • After the previous sales representative in his territory infuriated an important customer, Benjamin visited the customer once a
    11·1 answer
  • The following events occurred for Favata Company: Received $12,000 cash from owners and issued stock to them. Borrowed $9,000 ca
    5·1 answer
  • Successful employee participation programs include all of the following except Select one: a. a profit-sharing or gain-sharing p
    15·1 answer
  • In elementary school, your second grade teacher probably led his students from the classroom to the lunch room or the library by
    5·1 answer
  • Green Goddess Developers is a large nationwide landscape company with home offices in Libertyville, IL. The local media often gu
    8·1 answer
  • A merchandiser sold merchandise inventory on account. the journal entry to record a sales allowance in the books of the merchand
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!