Answer: Option (A)
Explanation:
From the following given options, we can state that "Adolescent processing tends to speed slows and easy, this is so since there happens to be numerous changes in an individuals hormones." An individual go through changes through out his/her life especially these changes are in accordance with their hormones and tend to affect the cognitive skills.
Answer:
The master budget should only be prepared by top management.
Explanation:
A budget is an estimation of the amount of money that a person or business plans to spend on activities within a given period.
Budgeting creates efficiency in spending and reduces waste.
It is an activity that should be carried out by all relevant staff. This is because the staff know where they need to spend money.
It top management independently make a budget, it may not meet some pressing needs of the staff.
Answer and Explanation:
The computation is shown below:
1. Times interest earned ratio is
= Earning before interest and taxes ÷ Interest expense
= $19,200 ÷ $940
= 20.4
2. And, the Debt to equity ratio is
= Total Liability ÷ Total stockholder's equity
= $30,180 ÷ $55,872
= 0.54
We simply applied the above formulas so that the financial ratios for long-term creditors could come
Answer:
Explanation:
Answer:
Introduction
Explanation:
The Product Life Cycle is a term used to refer to the lifespan of a product. Beginning from the introduction of the product to the market, the product grows into maturity and ultimately leads to the death/decline of the product.
There are four stages of the Product Life Cycle:
- Introduction
- Growth
- Maturity
- Decline
The stage in which the product sales are always zero is the introduction of the product to the market. When a product is introduced to the market, the product sales are always zero. It is after consumers become familiar with the product that its sales increase.
Therefore, the introduction stage is the correct answer.
Answer:
AJ Manufacturing Company
Multi-Step Income Statement
For the year ended xx xx, xxxx
Revenue
Sales $160,000
Cost of Goods Sold
Variable Product cost $40,000
Fixed Product cost <u>$50,000</u>
<u>$90,000</u>
Gross Income / Income $70,000
Less: Operating Expenses
Variable Selling & Administrative costs $13,000
Fixed Selling & Administrative costs <u>$16,000 </u>
<u>$29,000</u>
Net Profit / Income <u>$41,000</u>
Explanation:
GAAP require two types of the income statements
- Single-Step Income Statement
- Multi-Step Income Statement
In single step income statement all revenue are calculated and all expense are deducted from revenue to calculate net profit.
In multi-step the expenses are classified in the product / manufacturing expense and operating expenses. First manufacturing expenses are deducted from the net revenue to calculate the gross profit and then operating expense are deducted to calculate operating / net profit / income.
