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3 years ago

A corporation prepares a (n)

Business

1 answer:

Leona [35]3 years ago

7 0

Answer:

An income statement

Explanation:

An income statement is among the three financial statements that a company prepares to report its performance over an accounting period. The income statement shows whether a company made a profit or loss in a particular financial year. It is also known as a profit and loss statement.

The income statement is divided into three sections. The revenue section that displays all the income received, followed by the expenses section and the profit section. Profit or loss is determined by subtracting total expenses from the net revenue. If the result is positive, the business made a profit. Losses occur when expenses exceed revenues.

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Assume it costs Lady Marion Seafood, Inc. $30 to each catch, process, freeze, package, and ship 5 pound packages of Alaskan Salm

saul85 [17]

Answer:

Standard markup pricing

Explanation:

Standard markup is a quick and easy way to find out how much you pay for your goods or services.

After calculating the actual cost of the product, the seller or business owner adds a percentage of the actual cost of the product to arrive at its selling price.

so here

Actual cost = $30

Markup = 60% of actual cost

Markup = 0.6 × $30

Markup = $18

so selling price is

selling price = $(30 + 18)

selling price = $48

4 0

3 years ago

In addition to other costs, Grosha Telephone Company planned to incur $600,000 of fixed manufacturing overhead in making 500,000

Whitepunk [10]

Answer:

Please find the detailed answer as follows:

Explanation:

a) Predetermined overhead rate = Estimated manufacturing overhead cost / Estimated total units in the allocation based

Predetermined overhead rate = 600,000 / 500,000 = 1.2 perunit

b) Total fixed cost spending variance = Actual fixed overhead cost - Estimated overhead cost

= 599,400 - 600,000

= 600 (F) Favourable

c) Total fixed cost volume variance = Actual fixed overheads - Estimated fixed overheads

Actual fixed overheads = Estimated fixed overhead rate * Actual units produced

= 1.2 * 508,000 = $609,600

Total fixed cost volume variance =$ 609,600 - $600,000 = $9600 (F) Favourable

4 0

4 years ago

Marketing manager Ricki Stephens reviewed her marketing information system to learn who was buying her company's products and at

Rudik [331]

Answer:

Letter A is correct. <em>Data warehouse.</em>

Explanation:

Data warehouse acts as a digital data warehouse of the company, whose main purpose is to store relevant information about the organization so that through history it can provide reports that help the company in the decision making process according to the facts found.

The biggest benefits found in the database system are greater flexibility and control of information and research, and the creation of standards that correct data and coordinate and optimize system data to ensure greater effectiveness.

7 0

3 years ago

Market anomaly refers to _______.A. an exogenous shock to the market that is sharp but not persistentB. a price or volume event

Klio2033 [76]

Answer:

the correct answer is C. A trading or pricing structure that interferes with efficient buying and selling of securities.

Explanation:

7 0

4 years ago

Industrial Machines needs to purchase a new machine costing $1.25 million. Management is estimating the machine will generate ca

max2010maxim [7]

Answer:

The firm shouldn't purchase the machine because the IRR is less than the required minimum

Explanation:

Internal rate of return is the discount rate that equates the after tax cash flows from an investment to the amount invested

IRR can be calculated using a financial calcuator

Cash flow in year 0 = $-1.25 million.

Cash flow in year 1 = $210,000

Cash flow in year 2 to 5 = $350,000

IRR = 8.51%

The firm shouldn't purchase the machine because the IRR is less than the required minimum

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button

8 0

3 years ago