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3 years ago

An emphasis is placed on proper income statement item recognition under what approach under US GAAP?

Business

1 answer:

Over [174]3 years ago

3 0

Answer:

Revenue /expense approach

Explanation:

As we know that the income statement recognized only the revenues and the expenses and if the revenue is more than the expenses so the company is earning profit else it would suffered loss

So for proper income statement, the item recognized under US GAAP should be placed in revenue and expense approach as it comes under the income statement and the same is to be considered

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A manufacturer has a monthly fixed cost of $50,000 and a production cost of $7 for each unit produced. The product sells for $16

Oxana [17]

Answer:

The manufacturer will have a c. Loss

Explanation:

The break-even point is the level of production at which the costs of production equal the revenues for a product and calculated by using following formula:

Break-even point in units = Fixed cost/(Selling price per unit-Variable cost per unit) = $50,000/($16-$7) = $50,000/$9 = 5.556 units (rounding)

The manufacturer produces and sells 3,000 units per month < Break-even point in units. Therefore, the manufacturer will have a loss

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3 years ago

Read 2 more answers

Lockdown Industries produces a variety of anti-crime and safety products such as burglar alarms, smoke detectors, surveillance c

vlabodo [156]

Answer:

customer type.

Explanation:

Lockdown Industries sells products to different types of customers, it would be ideal to use a departmental marketing strategy for each type of potential customer. This would benefit from directing strategic communication that is essential for retaining each type of customer the company has, facilitating the optimal approach, retention and capture of new customers.

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3 years ago

Upon review of the effectiveness of a strategic business decision using evidence-based analytics, business leaders may reverse c

Ostrovityanka [42]

Answer:

The new system consist of limitations that did not examine some critical factors like, a change in time zones, and the time of pilot hours of flying .

Explanation:

Solution:

The factors that led to the turnaround of the new scheduling system is determined by the supposed offer turn around of the new system with in an advanced or highly way or method.

There are also some timely limitations under which favorable decisions can be done.

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3 years ago

The worst drought in over 50 years has decimated crops of soy beans and corn in the united states. (source: new york times, augu

seropon [69]

Answer: These data are insufficient for calculating the elasticity of demand because we also need to know the percentage decrease in the production of corn .

The price elasticity of demand is defined as the percentage change in the quantity divided by the percentage change in demand.

The data gives the percentage change in demand in numbers (-25%). However, although there is a description of the effect of the drought on corn production, there is no numerical data that indicates the percentage change in the quantity. Hence this data is insufficient to calculate the elasticity of demand.

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3 years ago

Open the pt activity. perform the tasks in the activity instructions and then answer the question.which interfaces in each route

Tomtit [17]

R1: G0/0 and S0/0/0
R2: G0/1 and S0/0/0

R1>enable
R1# show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 192.168.20.1 YES manual up up
GigabitEthernet0/1 192.168.30.1 YES manual administratively down down
Serial0/0/0 209.165.200.225 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down

R2>enable
R2#show ip int brief
Interface IP-Address OK? Method Status Protocol
GigabitEthernet0/0 10.1.2.1 YES manual administratively down down
GigabitEthernet0/1 10.1.3.1 YES manual up up
Serial0/0/0 209.165.200.226 YES manual up up
Serial0/0/1 unassigned YES unset administratively down down
Vlan1 unassigned YES unset administratively down down

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3 years ago