Answer:
Net Income will be undervalued.
Explanation:
In a Free on Board shipping (FOB) the Buyer assumes all risks and rewards of ownership of the goods purchased when the goods have been loaded or passed the shipping rail.
The costs incurred at Free on Board shipping (FOB) must be included in both the Purchases and Ending Inventory. If the cost is not included in ending inventory, this means Cost of Sales will be overvalued and consequently Gross Profit and Net Income will be undervalued.
Answer:
strategy analysis
Explanation:
Strategy analysis is an effective way to analyse the business and internal environment within which they work and operate. Another important feature of strategy analysis is to form a competitive environment within the organisation to create an environment in order to effectively accomplish goals. It helps to form the strategic decision of the company. So, the element of good strategy is to do strategy analysis.
Answer:
Sales quantity for A = $17,977
Sales quantity for B = $18,539
Sales quantity for C = $18,876
Explanation:
Given that
Monthly profit = $11,000
Fixed cost A = $5,000
Fixed cost B = $5,500
Fixed cost c = $5,800
The computation of given question is below:-
Every Sandwich Profit
= $2.65 - $1.76
= $0.89
Sales quantity = (Profit + Fixed cost) ÷ Profit per unit
Sales quantity for A = ($11,000 + $5,000) ÷ $0.89
= $17,977
Sales quantity for B = ($11,000 + $5,500) ÷ $0.89
= $18,539
Sales quantity for C = ($11,000 + $5,800) ÷ $0.89
= $18,876
Answer:
$14,160,000
Explanation:
Given that,
Pretax accounting income = $52 million
Taxable income = $59 million
Enacted tax rate = 24% for 2021
Tax rate thereafter = 34%
Current portion of income tax expense is determined by the product of enacted tax rate and Taxable income for the period.
Therefore,
Current portion of income tax expense for 2021:
= Enacted tax rate × Taxable income
= 24% × $59,000,000
= $14,160,000
