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DaniilM [7]
3 years ago
11

Which of these statements is false? A company comparison should not be made with industry averages if the company does not clear

ly fit into any one industry. When using industry averages, it is often necessary to use an industry that the firm best fits. The analysis of an entity's financial statements can be more meaningful if the results are compared with industry averages and with results of competitors. Many companies will not clearly fit into any one industry. A financial service uses its best judgment as to which industry the firm best fits.
Business
1 answer:
ValentinkaMS [17]3 years ago
5 0

Answer:

A company comparison should not be made with industry averages if the company does not clearly fit into any one industry.

Explanation:

In Business management, it is important to note that many companies will not clearly fit into any one industry.

Hence, when using industry averages, it is often necessary to use an industry that the firm best fits rather than randomly picking up any industry. Additionally, the analysis of an organization's financial statements would be more meaningful if the results are compared with industry averages and with results of competitors.

Any financial service sought after, should use its best judgment by analyzing and identifying which industry the firm best fits.

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3 years ago
Contribution Income Statement and Cost-Volume-Profit Graph Kopi Company produces dog cages that are sold for $38 per unit. The c
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Answer:

Results are below.

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

Direct materials= 10

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Total contribution margin= 80,000

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3 years ago
Both country 1 and country 2 are located on their respective production possibilities frontiers (PPFs) for consumer goods and ca
nikdorinn [45]

Answer:

A) Country 1's PPF lies further to the right than country 2's PPF.

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If country 1 produces twice the output of both goods compared to country 2. Then, country 1's PPF would lie further to the right than country 2's PPF.  As, more quantities implies rightward shifted PPC, signifying more quantities of goods that can be produced.

Efficient or inefficient production leads to production inside or on PPC, doesn't shift PPC. Population change is also irrelevant in this case.

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Answer & Explanation: Lena would respond to the buyer's request of wanting a house in the Cuban neighborhood by explaining to her that legally and ethically, she cannot provide housing recommendations based on national origin as it is a form of housing discrimination which is enshrined in the Fair Housing Act. The Act can take several forms, one of which is discrimination based on national origin.

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