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3 years ago

The term "spreading the financial statements" refers to __________

Business

1 answer:

wolverine [178]3 years ago

5 0

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase <em>"spreading the financial statements"</em> equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

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Anheuser-Busch InBev Companies, Inc., reported the following operating information for a recent year (in millions of dollars): N

qwelly [4]

Answer:

a) Break even = 480.5 units ≈ 481 Million units

b) Breakeven = 8,014,162,500 units

Explanation:

calculations are in millions

Breakeven = fixed costs / contribution per unit

selling price per unit = $47063/400 = $117.66

Variable cost = ($18756*75%) + ($31755*50%) = $14067 +15877.50 =$29944.5/400 units =$74.86

contribution = $117.66-$74.86 = $42.80

fixed costs = ( $18756*25%) +( $31755*50%) = $4689 + 15877.50 = $20566.50

Breakeven = $20566.50/$42.80 = 480.5 units

b) calculations

fixed costs = 20,566,500 + 300,000,000

= 320,566,500

break even = $320,566,500 /0.04

= 8,014,162,500 units

4 0

3 years ago

Peerless Corporation (a U.S. company) made a sale to a foreign customer on September 15, for 119,000 crowns. It received payment

Natalka [10]

Answer:

Exchange rate on September 15: 1 Crown = $0.61; 119,000 Crown = (119,000*$0.61) = $72,590.

September 30 = (119,000*0.65) = $77,350.

October 15 = (119,000*$0.60) = $71,400.

JOURNAL ENTRY

Date Account Debit Credit

15-Sep Account receivable $72,590

Sales $72,590

(Sale to a foreign customer for 119,000 crown Exchange rate = $0.61)

30-Sep Account receivable $4,760

Foreign currency exchange gain $4,760

($77,350-$72,590)

15-Oct Foreign currency exchange loss $5,950

Account receivable $5,950

($71,400-$77,350)

Cash $77,350

Accounts Receivable $77,350

8 0

3 years ago

Samuel K. Jenkins is thirty-five years old and lives in New Mexico. He would like to run for President. What else do we need to

lyudmila [28]

Since he is 35 and lives in the United States we would need to know if he has been a resident within the United States for at least 14 years, and if he was a natural born citizen of the U.S.A.<span />

6 0

3 years ago

Read 2 more answers

What account form needs to balance before you can move forward with the Accounting Cycle?

zhannawk [14.2K]

Answer:

Clyde's Well Servicing has the following financial statements. The balance sheet items, profit margin, and dividend payout have maintained the same ...

Explanation:

8 0

2 years ago

Tyare Corporation had the following inventory balances at the beginning and end of May:

densk [106]

Answer:

The correct answer is option (b) $5400

Explanation:

Solution

Calculation of the cost of direct material on May 1

Now,

The starting work In process inventory = Direct materials Cost + Direct labor Cost + Manufacturing overhead applied on W.I.P

13,500 = Direct materials cost + 4500 + 3600

Thus,

Direct material cost = 13500 - 4500-3600 = $5400

Note: Direct labor cost = 300 * 15 = $ 4500

The manufacturing overhead = 300 hour * $12 = $ 3600

So, only expenses associated to work in process will be considered, hence only direct labor and manufacturing overhead are used to work in process are considered.

8 0

3 years ago