Answer: Income is higher under absorption costing by $15,000. This is consistent with a general rule of thumb: Increases in inventory cause income to be higher under absorption costing than under variable costing, and vice versa.
Explanation:
Answer:
Growth rate = 7.50%
Explanation:
Given:
Return on investment = 15%
Retention ratio = [1.5 / 3] 100 = 50%
Find:
Growth rate
Computation:
Growth rate = Return on investment*Retention ratio
Growth rate = 15% x 50%
Growth rate = 7.50%
Answer:
12%
Explanation:
The computation of the accounting rate of return is shown below:
Accounting rate of return = Average profit ÷ Average investment
where
Average profit is
= $1,500 × 5 years ÷ 5 years
= $1,500
And, the average investment is
= $25,000 ÷ 2
= $12,500
So, the accounting rate of return is
= $1,500 ÷ $12,500
= 12%
We simply applied the applied formula
Answer:
cognitive dissonance
Explanation:
Based on the scenario it can be said that Joe is probably helping his clients deal with any cognitive dissonance they might be experiencing. This term refers to a specific situation that involves conflicting attitudes, beliefs or behaviors. By sending his clients this information he is getting rid of the misconceptions or wrong beliefs that they may have regarding crash-safety.
Answer:
The definition for the problem is listed in the segment below on explanations.
Explanation:
The seven elements that will have to go along with the partnership agreement or resolution are given below:
- Name, place, as well as nature.
- Title, capital commitment, and responsibilities.
- New partner practices.
- Benefit and loss account.
- Asset withdrawal.
- Partnership liquidation.
So that the above is the right answer.