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3 years ago

The contribution margin approach helps managers in short-term decision making because it ________

2 answers:

8 0

The contribution approach is a presentation format used for calculation of the break-even point, which is the point of zero profit or loss. The contribution margin approach helps managers in short-term decision making because it reports costs and revenues at present value.

lana66690 [7]3 years ago

5 0

The contribution margin approach helps managers in short-tern decision making because it reports costs and revenues at their current value.

The contribution margin ratio/approach allows companies to determine their profits they can make from a product minus variable costs.

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At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. The effect of this

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Answer:

B)owners' equity and decrease assets.

Explanation:

From the question, we are informed about Ringgold Co. Whereby At the end of the current accounting period, Ringgold Co. recorded depreciation of $15,000 on its equipment. In this case, The effect of this entry on the company's balance sheet is to decrease owners' equity and decrease assets. Depreciation can be regarded as type of expense that brings reduction in value of an asset. It can be regarded as scheduled and not estimated expense . Depreciation can be recorded on balance sheet, as well as cash flow statement.

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2 years ago

Your business is launching a new product offering and plans to send an email notifying your customers of the launch. since your

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The simplest thing to do is to categorise your customers by their industries and send specified emails to a cluster of customers from each industry.

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2 years ago

The primary goal of ________ is to get the right people interested in working for an organization or in a specific job, then per

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Recruiting.

Recruiting is the process of attracting, screening, selecting, and retaining top talent for jobs.

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3 years ago

Read 2 more answers

The implication of the expectations theory that expected returns for a holding period must be the same for bonds of different ma

lutik1710 [3]

Answer:

i think the answer is intruments with different matuirties are perfect subtitute. i'm not sure but i think this is the answer.

Explanation:

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3 years ago

On January 1, 2017, Ayayai Company purchased 8% bonds having a maturity value of $200,000, for $216,849.76. The bonds provide th

Eddi Din [679]

Answer:

1. 1/01/2017

Dr Bonds receivable 200,000

Dr Premium on bonds receivable 16,849.76

(216,849.76-200,000)

Cr Cash 216,849.76

2. Carrying amount of bonds

1/01/2017 216,849.76

1/01/2018 213,859.76

1/01/2019 210,691.35

1/01/2020 207,332.83

1/01/2021 203,772.8

1/01/2022 200,000

3. 31/12/2017

Dr Interest receivable 16,000

Cr Interest revenue 13,010

Cr Premium on bonds receivable 2,990

Explanation:

1. Preparation of the journal entry at the date of the bond purchase.

1/01/2017

Dr Bonds receivable 200,000

Dr Premium on bonds receivable 16,849.76

(216,849.76-200,000)

Cr Cash 216,849.76

2. Preparation of a bond amortization schedule.

Date Cash received Interest revenue Premium amortized Carrying amount of bonds

1/01/2017 216,849.76

1/01/2018 16,000 13,010 2,990 213,859.76

1/01/2019 16,000 12,831.59 3,168.41 210,691.35

1/01/2020 16,000 12,641.48 3,358.52 207,332.83

1/01/2021 16,000 12,439.97 3,560.03 203,772.8

1/01/2022 16,000 12,227.20 3,772.80 200,000

Workings;

1/01/2018

($200,000*8%)=16,000

($216,849.76*6%)=13,010

(16,000-13,010)=2,990

(216,849.76-2,990)=213,859.76

1/01/2019

($200,000*8%)=16,000

(213,859.76*6%)=12,831.59

(16,000-12,831.59)=3,168.41

(213,859.76-3,168.41)=210,691.35

1/01/2020

($200,000*8%)=16,000

(210,691.35*6%)=12,641.48

(16,000-12,641.48)=3,358.52

(210,691.35-3,358.52)=207,332.83

3.Preparation of the journal entry to record the interest revenue and the amortization on December 31, 2017.

31/12/2017

Dr Interest receivable 16,000

($200,000*8%)

Cr Interest revenue 13,010

($216,849.76*6%)

Cr Premium on bonds receivable 2,990

(16,000-13,010)

3 0

3 years ago