Answer:
Net sales
Explanation:
A common size income statement represent the income statement in which each item line wise should be expressed as the sales or revenue percenatge. The motive of preparing this statement is to have the analyse and compare the performance of the company with their various years
So the base item that should be common used for this type of income statement is net sales
Answer:
CPI in 2020 =142.7
CPI in 2019 = 100
Explanation:
Inflation is the increase in the general price level. Inflation erodes the value of money.
<em>Consumer Price Index(CPI ): This is the weighted average price of a basket of goods and services consumed by a typical consumer. It is used to measure the rate of inflation.</em>
The increase in the CPI is taken to be the rate of inflation. For example, the CPI rose to 1.09 from 1.00, this implies an inflation rate of 9% within the time period in focus.
The CPI =
The price of a basket of goods in a current year ÷ Divided by the price of a basket of goods in a base year
The consumer price
CPI in 2019 = (1000× $2) + (100× $50) + ( 500× $$0.10)= 7050
CPI in 2020= (1000× $2.50) + (100× $75) + ( 500× $$0.12)=10,060
CPI in 2020 = 10,060/7050× 100 =142.7
CPI in 2019 = 100
CPI in 2020 =142.7
CPI in 2019 = 100
Note , we assume the CPI for 2019 is 100, since we were not provided with data to compute the price of a basket of good in 2018
Answer:
Bench-marking
Explanation:
Bench-marking is the process of comparing an organization's procedures and performances against the best practices in the industry. A firm will compare its key indicators against those of similar companies. Some of the indexes that firms compare are the quality of products, production costs, strategies, and employee salaries.
A benchmark acts as a reference point or a base for standards. An organization uses benchmarks to identify areas it needs improvements . The benchmarks report will point out if a company is overpaying or underpaying its employees.
Answer:
unrealistic performance goals.
Explanation:
Unethical action is defined as one that is carried out by an individual that is seen as wrong or outside of expected behaviour in a particular environment.
In the given scenario Bryan bribed an official of a potential customer.
However his action is as a result of the company increasing the sales quota from $3 million for all its sales people to $5 million.
This is despite the market for Jumbo Corps products having slowed.
The target was unrealistic driving Bryan to take the action he did
The amount that matteson will report as its investment in o’toole under the equity method is: $1,210,000.
<h3>Investment under equity method</h3>
First step
Net Income $104,000
($260,000× 40%)
Amortization of excess ($34,000)
[ ($1,160,000 - $820,000)/10 years]
Equity in Income $70,000
Second step
Investment $1,160,000
Equity income $70,000
Dividend ($20,000)
($50,000× 40%)
Investment in O'Toole $1,210,000
Therefore the amount that matteson will report as its investment in o’toole under the equity method is: $1,210,000.
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