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3 years ago

Which of the following statements regarding service companies is true?

Business

2 answers:

Kitty [74]3 years ago

7 0

Answer:D. A service company's variable costing income statement includes contribution margin

Explanation:

A variable costing income statement is used to arrive at the contribution margin which is the difference between total sales and total variable costs. The fixed cost is deducted from the contribution to arrive at the net profit or loss

VladimirAG [237]3 years ago

5 0

Answer:

d. A service company's variable costing income statement includes contribution margin.

Explanation:

Variable costing can be defined as the costing that is obtained from variable manufacturing cost which includes the cost of direct labour, direct materials and the cost of manufacturing overhead of the product. Another name for variable cost is Direct cost.

Variable costing helps us to know what the price of a product would be. It can also tell us if we should continue producing that product or not. Variable costing helps us to control the cost of manufacturing a product.

A service company's variable costing income statement includes contribution margin. Contribution margin helps the services company to be able to pay for their variable cost using the revenue generated by the company. It is calculated as Selling price - Variable cost.

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Fitness is a magazine for women about health and exercise. Fitness offers year subscriptions for $12 on their website. Jess, Ani

Mariulka [41]

Answer:

A) $16

Explanation:

According to a different source, these are the options that come with this question:

A) $16

B) $52

C) $40

D) $12

Consumer surplus refers to a measure of welfare in which we look at the ways in which people benefit from the goods and services that they are consuming. The market consumer surplus is the difference between the amount that consumers are willing to pay and the total amount that they actually do pay in the real world (this is known as the market price).

7 0

2 years ago

Read 2 more answers

Which of the following statements about the price elasticity of demand is correct The absolute value of the elasticity of demand

notsponge [240]

Answer:

Demand is more elastic in the long run than it is in the short run

Explanation:

Elasticity of demand measures the responsiveness of quantity demanded to changes in price.

Demand is more elastic in the long run than it is in the short run because in the long run consumers have more time to search for suitable substitutes.

When the absolute value of elasticity of demand is less than one, demand is inelastic.

When the absolute value of elasticity of demand is equal to one, demand is unitary.

When the absolute value of elasticity of demand is greater than one, demand is elastic.

Demand is less elastic the smaller the percentage of the consumer's budget the item takes up.

The elasticity of demand for a specific brand of good doesn't translate into the elasticity of demand for the good.

I hope my answer helps you

4 0

3 years ago

A lender estimates that the closing costs on a $293,600 home loan will be $11,010. the actual closing costs were 3.25% of the lo

mestny [16]

The closing cost of the house mortgage is lower than the envisioned by 0.5%.

<h3>What is the closing cost?</h3>

Closing expenses are the prices over and above the property's rate that consumers and dealers generally incur to finish an actual property transaction.

Those expenses may also encompass mortgage origination fees, cut price points, appraisal fees, name searches, name insurance, surveys, taxes, deed recording fees, and credit score file charges.

The lender is required by regulation to expose those expenses in the form of a mortgage estimate within 3 days of a domestic mortgage application.

Gifts of equity (actual property income given to a relative or close pal at a below-marketplace rate) can also incur a few closing cost.

So, from the above announcement, it's clear that alternative D, decreasing by 0.5%, is an appropriate answer.

Learn more about closing cost, refer to:

brainly.com/question/1084194

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2 years ago

An auditor wants to verify that for a given inventory acquisition, (1) the merchandise was ordered by the company, (2) the merch

choli [55]

The answer is: 1. the merchandise was ordered by the company

The auditor could easily obtain this information by looking at the company's purchase order. Purchase order would contain information regarding sellers, types of products, dates, prices, and quantities of the products ordered. This information is what the auditor need to fully verify the inventory acquisition.

5 0

3 years ago

Dr. hamrick is hired by the abc company to hear cases involving grievances of employees of the company. sometimes evidence is pr

Phoenix [80]

Answer:

This is an example of <u>"arbitration".</u>

Explanation:

When someone resolve the disputes outside the court, and that person is the third party who is solving the dispute of two parties, this process is known as arbitration. As in the given scenario Dr, hamrick is hired to resolve the disputes of the employees of the company, so this is the example of the process of arbitration.

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3 years ago