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3 years ago

Why is gross profit more important than net profit

1 answer:

4 0

Gross profit shows how much money you made in relation to the cost of goods sold, this calculation is very important when you need to know wether a product is profitable or not. Net profit also substracts the expenses (building machinery,etc).

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You are assigned as the manager of risk management project for Health Network, inc. The attached case study provides brief intro

Grace [21]

Explanation:

Structure of the information systems in Health Network:

-Software: It is made up of 1000 production servers that make it possible for users to access the different services through the web.

-Hardware: It is made up of the three data centers that are the sites or facilities that contain the information systems, we can also include the 650 corporate laptops and mobile devices.

-Personal: These are the users who receive the benefits, such as all the potential clients, the doctors who provide their services, and all the personnel who work in the data centers.

Main objective and scope of the project in Health Network:

A risk mitigation plan must be developed that allows to face the various threats previously identified.

As the main scope of the project, a BCP (business continuity plan) must be developed that allows employees to continue working remotely and safely from the web.

A computer strategy should be considered that allows employees to access the payroll and accounting application from their homes during winter storms.

6 0

3 years ago

A company issued 6,000 shares of stock at $10 each, with a par value of $2.

tensa zangetsu [6.8K]

The answer is c $30,000

5 0

3 years ago

On the first day of the fiscal year, a company issues an $7,500,000, 8%, five-year bond that pays semiannual interest of $300,00

Sav [38]

Answer:

$7,500,000 in 8% bonds, 5 years to maturity, semiannual coupon ($300,000)

sold at premium for $7,740,000

the journal entry to record the issuance should be:

Dr Cash 7,740,000

Cr Bonds payable 7,500,000

Cr Bond premium 240,000

Using the straight line amortization:

amortization per coupon payment = $240,000 / 10 coupons = $24,000

Dr Interest expense 276,000

Dr Bond premium 24,000

Cr Cash 300,000

5 0

3 years ago

The best way to ensure the accuracy and safety of your accounts is to:

Elden [556K]

The best way to ensure the accuracy and safety of your accounts is to : monitor your online accounts regularly
You can never now if somehow your connection is monitored and compromised. Checking your accounts regularly will help you to be prepared for unexpected occurrences

hope this helps

7 0

3 years ago

Evanson Company expects to produce 540,000 units of their product during the year. Monthly production is expected to range from

Roman55 [17]

Answer:

Evanson Company

Flexible Monthly Budget

Activity Level:

Finished goods (Units) 40,000 60,000 80,000

Variable costs:

Direct materials $560,000 $840,000 $1,120,000

Direct labor 600,000 900,000 1,200,000

Manufacturing overhead 640,000 960,000 1,280,000

Total variable costs $1,800,000 $2,700,000 $3,600,000

Fixed manufacturing

overhead 135,000 135,000 135,000

Total production costs $1,935,000 $2,835,000 $3,735,000

Explanation:

a) Data and Calculations:

Expected production units per year = 540,000

Average monthly production units = 45,000 (540,000/12)

Manufacturing costs per unit:

Direct materials $ 14

Direct labor 15

Variable manufacturing overhead 16

Fixed manufacturing overhead 3

Total yearly fixed overhead = $1,620,000 (540,000 * $3)

Monthly fixed overhead = $135,000 ($1,620,000/12)

b) A flexible budget has varying activity levels from one period to the next. One interesting feature of the flexible budget is that the variable costs are fixed per unit, but their totals vary with the volume levels. On the other hand, the fixed costs remain static in totals but vary per unit.

7 0

3 years ago