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3 years ago

The financial statement that organizes costs by their behavior instead of by their function is the

Business

1 answer:

stellarik [79]3 years ago

3 0

Answer:

The correct answer is: contribution margin income statement.

Explanation:

The contribution margin income statement organizes costs by behavior and not by function thus it is not used for financial reporting. The variable expenses are deducted from sales to be recorded at a contribution margin. Fixed expenses are subtracted from the net profit obtained at the end of the accounting period.

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Tennies Clinic uses client-visits as its measure of activity. During November, the clinic budgeted for 3,700 client-visits, but

Viefleur [7K]

Answer:

The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

Explanation:

Actual Medical Supplies $26,768

Standard Medical Supplies for Actual Activity $25,954

(6.60*3,690+1,600)

Medical Supplies Spending Variance 814 Unfavorable

Therefore, The correct answer is $814 Unfavorable because actual medical supplies is more than standard.

3 0

3 years ago

Mary Jane is a lawyer who can earn $150 per hour in her law practice. She is also an excellent carpenter who can build cabinets

yaroslaw [1]

Answer:

The answer is: A) Mary Jane has a comparative advantage in law so she should specialize in law and hire a carpenter to make her cabinets.

Explanation:

Mary Jane has a comparative advantage by working as a lawyer over working as a carpenter. As a lawyer she can earn $150 an hour.

Considering that Mary Jane is 3 times as fast as a good carpenter, her work as a carpenter could be valued as the combined work of three carpenters. But even three carpenters earn less than a lawyer; $60 an hour ($20 an hour per carpenter times 3 carpenters).

So Mary Jane definitely should work as a lawyer and hire a carpenter or even three carpenters to build her cabinets.

5 0

3 years ago

Matthew is a divisional manager at Venus Inc. and reports to the CEO of the company. The CEO delegates resources and authority t

ddd [48]

Answer:

A) Information asymmetry.

Explanation:

An information asymmetry can be defined as a situation where there is an imbalance of information between two parties in their knowledge of important points, factors and details. Thus, because one party has more information or knowledge than the other, this usually results in an inefficient outcome and or failure.

The theory of information asymmetry was developed and introduced by three (3) notable Nobel prize winning economists, namely; Michael Spence, George Akerlof and Joseph Stiglitz.

In this scenario, Matthew a divisional manager at Venus Inc. reports to the CEO of the company. Matthew has more employees working for him than required and he has not told the CEO about this, even though there are other departments that are in need of more employees.

Hence, the concept illustrated here is an information asymmetry.

3 0

3 years ago

How do you register partnerships firm in Nepal?

koban [17]

answer

Procedure for Registering a Partnership Firm

Step 1: Application for Registration. An application form has to be filed to the Registrar of Firms of the State in which the firm is situated along with prescribed fees. ...

Step 2: Selection of Name of the Partnership Firm. ...

Step 3: Certificate of Registration

6 0

3 years ago

Read 2 more answers

The optimal risky portfolio can be identified by finding: I. The minimum-variance point on the efficient frontier II. The maximu

Darina [25.2K]

Answer:

A. III and IV only

The tangency point of the capital market line and the efficient frontier

The line with the steepest slope that connects the risk-free rate to the efficient frontier

Explanation:

4 0

3 years ago