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3 years ago

Which of the following is not a typical adjustment made to the income statement for projection purposes?

Business

1 answer:

ankoles [38]3 years ago

7 0

Answer:

The correct answer is b. Adjusting revenues to only include organic revenue growth.

Explanation:

One of the quantitative planning techniques is the projection of financial statements or also called pro forma statements.

The applications that can be had among others are the following:

Know how the year will end for tax purposes in terms of income and deductions in order to make decisions before the end of the year.

Another application will be to know the external financing needs for the period you want to know.

The most common and practical method of projecting financial statements is based on sales.

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You are considering working for United Way upon graduation. Explain how the marketing goals, strategies, and markets for the non

cricket20 [7]

<u>Explanation:</u>

<em>Remember,</em> the term 'marketing', could be defined in general terms as the activities carried out by a company (non-profit or for-profit) in other to promote their cause (which can be their products or services).

For example, unlike a for-profit company which may have a marketing goal of achieving a set amount of sales in the first half of the year, a non-profit on the other hand may have a marketing goal of raising the needed amount to fund their school feeding program.

Also, in terms of strategies used, while a for-profit company may use paid marketers, a non-profit may solicit the help of volunteers.

7 0

3 years ago

Elkhorn Company purchased merchandise on account from Springhill Company for $42,000, terms 2/10, n/30. Elkhorn returned merchan

Vanyuwa [196]

Answer:idk

Explanation:

idk

6 0

3 years ago

Brief Exercise 13-14 Coronado Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contrac

Iteru [2.4K]

Answer:

(a)Sale contracts

Dr Cash $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

Explanation:

(a)Sale contracts

Dr Cash ($20,000 x105) $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

($2,100,000 ×1/4)

7 0

3 years ago

Emarpy Appliances Inc. wants to determine the optimal production policy for their best selling refrigerator. The demand for this

monitta

Answer:

Q' = 213.80

Explanation:

P(d): production rate per day = 200

Ic: Installation cost = 120

D: Demand = 8000

D(d): demand rate per day = 32

Uc: Unit cost (holding) = 50

Applying into Production order quantity model formula

$Q'= \sqrt{\frac{2*D*Ic}{(1 - \frac{D(d)}{P(d)}) * Uc } } = \sqrt{\frac{2*8000*120}{(1 - \frac{32}{200})*50 } } = 213.80$

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3 years ago

a company recorded an event that had no affect on total assets, net income, or cash flow. this could have been caused by ______.

NemiM [27]

This action could have been caused by writing off an uncollectible account.

A write-off can be described as the removal of an accounts receivable that cannot be collected which was put in the general ledger.

If an account is uncollectible, then it means that the amount that would not be collected would be eliminated. It also means that a previous allowance balance is going to get reduced.

3 0

3 years ago