Answer:
The correct answer is (C) Reported as a current asset.
Explanation:
The current asset, also called a current or liquid asset, is the asset of a company that can become liquid (become money) in less than twelve months. For example, bank money, stocks, and financial investments.
We can also understand the current asset as all those resources that are necessary to carry out the day-to-day activities of the company. It is known as current because it is a type of asset that is in continuous movement, can be sold, used, converted into liquid money or delivered as payment without too much difficulty.
Answer:
the breakeven quantity at current price is 500 units
Explanation:
The computation of the breakeven quantity at current price is shown below:
Breakeven point = Fixed cost ÷ (Price per unit - variable cost per unit)
= $100,000 ÷ ($600 - $400)
= 500 units
Hence, the breakeven quantity at current price is 500 units
We simply used the above formula so that the correct units could arrive
Answer: Options-based planning
Explanation:
The Option based planning is one of the concept that helps in maintain the flexibility of the various types of plans for making the various types of investments.
The main purpose of the option based planning is that it helps in maintaining the slack resources are are specifically used in the for of extra resource for the purpose of adapting the various types of changes and also the problems.
According to the given question, the Douclamp is one of the type of manufacturing company that basically making small level of investments on the iron ore plant.
Therefore, Douclamp is using the options based planning based on the given scenario.
Answer: b. Carlton's income statement will have to be revised to include the earnings per share data
Explanation:
The options to the question are:
a. No changes will have to be made to Carlton's income statement. The income statement is complete without the earnings per share data.
b. Carlton's income statement will have to be revised to include the earnings per share data.
c. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's market capitalization is greater than $5,000,000.
d. Carlton's income statement will only have to be revised to include the earnings per share data if Carlton's net income for the past two years was greater than $5,000,000.
From the question, we are informed that the senior accountant for Carlton Co., a public company with a complex capital structure, has just finished preparing Carlton's income statement for the current fiscal year and that while reviewing the income statement, Carlton's finance director noticed that the earnings per share data has been omitted.
The changes that will have to be made to Carlton's income statement as a result of the omission of the earnings per share data is that Carlton's income statement will have to be revised to include the earnings per share data.
Answer:
b. decrease by $1,000
Explanation:
There is an option below the question ask for details
For computing the profit or loss, first we have to determine the variable cost per unit which is shown below:
= Total variable cost ÷ Number of cases sold
= $144,000 ÷ 9,000 cases
= $16 per cases
The total variable cost would be
= $126,000 + $18,000
= $144,000
And, profit per case is $15
So, the loss per case would be
= $15 per case - $16 per case
= -$1 per case
So, the total loss would be
= 1,000 cases × $1
= $1,000 decrease