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3 years ago

When evaluating the usefulness of information, you want to make sure

Business

2 answers:

KonstantinChe [14]3 years ago

8 0

Answer:

A) it is up to date.

Explanation:

Imagine if you are reading an economic report from 1920, I guess the information that it contains would only be useful for historic reasons. Some say that "old news is no news", and even though that doesn't apply to all information, obsolete information is not useful at all.

Useful information must be relevant, accurate, complete and reliable.

MArishka [77]3 years ago

6 0

When evaluating the usefulness of information, you want to make sure it is up to date.

I would say, saying this is up to date meaning there talking about like the day of the month or year.

Hope this helps :)

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Hordel Company needs to determine a markup for a new product. Hordel expects to sell 5,000 units and wants a target profit of $8

tigry1 [53]

Answer:

96.60%

Explanation:

Total Variable Cost = Variable product cost + Variable administrative cost per unit

= (5,000 × $79 per unit) + (5,000 × $21 per unit)

= $395,000 + $105,000

= $500,000

Total Fixed Cost = Total fixed overhead + Total fixed Administrative Cost

= $42,000 + $31,000

= $73,000

Total fixed cost per unit = $73,000 ÷ 5,000

= 14.6

Total Cost = Total Variable Cost + Total Fixed Cost

= $500,000 + $73,000

= $573,000

Target profit = 5,000 × $82

= $410,000

Desired Selling Price = Total cost + Target profit

= $573,000 + $410,000

= $983,000

Desired Selling Price per unit = $983,000 ÷ 5,000

= $196.6

Therefore,

Mark up percentage on Variable Cost :

= (Desired Selling Price per unit – Variable Cost per unit) ÷ (Variable Cost per unit) × 100

= [(196.60 – 100) ÷ (100)] × 100

= 96.60%

3 0

3 years ago

What are the five components of internal control briefly explain each component?

vladimir2022 [97]

Answer: The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Explanation:

The five components of internal control are control environment, risk assessment, control activities, information and communication, and monitoring.

Control environment; is also known as internal control environment. These are set of standards and structures that guides the basis of carrying out internal control within an organization. It is the awareness, attitude and action of the management team regarding internal control and it's relevance to the organization

Risk assessment is used to describe the process and method of identifying hazard and risk which have potentials to raise harm in an environment

Control activities are policies, techniques and procedures that are pit in place to manage or reduce risk in an environment. Their actions carried out to minimize or limit risk in an environment

Information and communication is a method of information being passed through systems by means of communication. To place everyone involved in the system enlightened by communicating properly to them.

Monitoring is the act of observing a process to control both success and failure that may tend to arise within the process.

4 0

3 years ago

Halo Company is a calendar-year U.S. firm with operations in several countries. At January 1, 2021, the company had issued 41,30

soldi70 [24.7K]

Answer:

$111,510

Explanation:

The Halo Company issued 41,300 executive stock options at price of $26 which totals $1,073,800. The vesting schedule is followed to calculate compensation expense. A stock option gives right to the stock option holder to buy or sell shares at specific price at specific time. The compensation expense is recognized when the vesting takes place. The stock option compensation expense is debited to income statement of the company.

6 0

3 years ago

EA6.

fredd [130]

Answer:

1. Break-even in units is 150 units

2. Break-even in dollars is $60,000

3. Contribution Income Statement for 130 units

Marlin Motors

Income Statement

For the month ended November 30

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. Units to sell is 350

5. Dollars sale is $140,000

6. Contribution Income Statement for $200,000 sales revenue

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

Explanation:

1. To compute the Break-even point in units,

Formula is BEP = total fixed cost / unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the unit break-even in units using the formula.

BEP = total fixed cost / unit contribution margin

BEP = $36,000 / 240

BEP = 150 units

2. To compute the Break-even point in dollars,

Formula is BES = total fixed cost / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the unit break-even in dollars using the formula.

BEP = total fixed cost / contribution margin ratio

BEP = $36,000 / 60%

BEP = $60,000

3. To prepare the contribution margin income statement, we will multiply the units sold of 130 units by $400 unit selling price to get the sales revenue. Then multiply 130 units by $160 to get the variable cost. Further illustration below;

Sales revenue (130 x 400) $52,000

Variable cost (130 x 160) (20,800)

Contribution margin $31,200

Fixed cost (36,000)

Loss $4,800

4. To compute the units to sell to realize the target profit we will use the formula:

(Total fixed cost + Target profit )/ unit contribution margin

Step 1. Compute the unit contribution margin

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

Step 2. compute the units to sell using the formula.

(Total fixed cost + target profit) / unit contribution margin

($36,000 + $48,000) / 240

Answer is 350 units

5. To compute the sales in dollars to realize the target profit of $48,000,

Formula is (Total fixed cost + target profit) / contribution margin ratio

Step 1. Compute the contribution margin ratio

Unit selling price $400

Less : variable cost 160

Unit contribution margin $240

So, $240 divided by $400 equals 60% (CMR)

Step 2. compute the target sales in dollars using the formula.

(Total fixed cost + target profit) / contribution margin ratio

($36,000 + $48,000) / 60%

$84,000 / 60%

Answer is $140,000

6. Contribution Income Statement for $200,000 sales revenue. FIRST we must determine how many unit are sold to have that sales revenue. $200,000 sales revenue divided by unit selling price of $400 equals 500 units. To further illustrate, see presentation below.

$200,000 / $400 = 500 units

Marlin Motors

Income Statement

For the month ended February

Sales revenue (500 x 400) $200,000

Variable cost (500 x 160) (80,000)

Contribution margin $120,000

Fixed cost (36,000)

Profit $84,000

7 0

3 years ago

Ou have 3 credit cards: $990.34 (credit limit: $3,500.00), $2,365.78 (credit limit: $4,600.00), and $5,897.65 (credit limit: $8,

Molodets [167]

The correct answer in this particular situation would be it increased.

4 0

4 years ago