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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.

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The amount of the check is written in how many places?
Evgen [1.6K]
2

In numerical form on the left and written out on amount line
4 0
3 years ago
Read 2 more answers
A bond with 25 years to maturity, 7% coupon, quoted on a 6.25% basis is callable in 10 years at 103, 15 years at 102, and 20 yea
eduard

Answer: 10 years to call

Explanation:

Maturity period = 25 years

Coupon rate = 7%

6.25% basis is,

  • Callable in 10 years at 103
  • Callable in 15 years at 102
  • Callable in 20 years at par

This bond is considered as premium bond. Therefore, in case of premium bonds, Yield to call will be lower than the yield to maturity. Here, the question is which call date should be utilized. According to the rule of thumb, it states that always use the term that is nearest to the whole call date.

Hence, on the customer's confirmation, the dollar price quoted must be based on 10 years to call.

8 0
2 years ago
While placing his order, a customer tells the waiter to avoid bell peppers of any kind or color in the food since he is allergic
boyakko [2]

<span>An allergic reaction should not be treated lightly because this can actually result in death of the victim. So in this casem this could actually lead to serious illness or death of the customer. Which adds a very huge liability for the restaurant or organization.</span>

4 0
2 years ago
Barton Steel is considering the purchase of a new steel mill. The first option is a top of the line high efficiency mill with a
iris [78.8K]

Answer:

The first project should be chosen

Explanation:

Net present value is the present value of after-tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator

To determine which project to accept, calculate the NPV for the two projects

The first option

Cash flow in year 0 = $-25 million

Cash flow each year for year 1 - 5 = $10 million

Cash flow in year 6 =  $10 million - $15 million = $-5 million

I = 9.5

NPV = $10.50 million

Option two

Cash flow in year 0 = $-12 million

Cash flow each year for year 1 - 6 = $4 million

I = 9.5

NPV = $5.68 million

The first option should be chosen because the NPV of the first option yields the higher NPV

To find the NPV using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

6 0
3 years ago
1. Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent secu
Nina [5.8K]

Answer:

the total deductions on their schedule Cs for special clothing and uniforms is <u>$750</u>

Explanation:

Now you have to know that Brandy's jeans and her laundry cannot be deductible. if her shirt is to be deductible,then it should have the id of the company on it. But we are told that they are just regular work wears.

the calculations are as follows:-

cooper's uniform through the year = $395

cooper's laundry = $175

cooper's altering allowances = $65

Brandy's safety glasses and shoes when working = $115

summing these up

395 + 175 + 65 + 115

= $750

the total deductions on schedule Cs is $750

<u>note:</u>

<u>note:the second question you posted is the same as the first. so the answer is the same</u>

5 0
3 years ago
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