Answer:
False.
Explanation:
GANTT refers to a chart that was developed by Henry L. Gantt, who was an american engineer and a social scientist, and is thus named after him. This chart is used to describe and illustrate various scheduled activities and the duration that each activity might take to complete. There is no full form for this word "GANTT". Therefore, the statement is false.
The crossover point is that production quantity where total costs for one process equal total costs for another process. Hence, option D is correct.
<h3>What is crossover point?</h3>
Financial independence is secured when investment income exceeds regular income. In financial jargon, this is known as the "cross over point."
When the production expenses for one product are the same as those for another product, there is an added benefit to selling any product because the cost is the same and the income will be higher from each unit, independent of the number of units sold.
Thus, option D is correct.
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All options are missing firm the question-
a. variable costs of one process equal the variable costs of another process.
b. fixed costs of a process are equal to its variable costs.
c. total costs equal total revenues for a process.
d. total costs for one process equal total costs for another process.
e. the process no longer loses money.
In 2016, Bubble Inc. had net income of $500,000, assets of $5,000,000, sales of $2,000,000, and debt of 2,000,000. In 2017, Bubb
victus00 [196]
Answer:
No
Explanation:
The computation of the return of assets is calculated by applying the formula which is shown below:
Return on assets = Net income ÷ assets
In 2016, the return on assets would be equal to
= $500,000 ÷ $5,000,000
= 0.1
In 2017, the return on assets would be equal to
= $600,000 ÷ $7,000,000
= 0.085
By comparing the return on assets for both the years, we get to know that the return on assets is declining from 2016 to 2017
Answer: Mental budgeting.
Explanation: This concept is very much in consistent with the concept of mental accounting. The concept of mental accounting says that a person has already classified the areas where he will be spending his income and each area has its own importance and is given particular amount to that. Contrary to this, however, the mental budgeting is the phenomenon which uses the same technique but in such a way that it calculates the amount to be spend on multiple areas beforehand and using the rational cognitive ability, imagine the possibility that if an area would be left without spending money on that, would that help him save or not.
Answer:
a. $495,000
Explanation:
Data provided
Federal taxable income = $500,000
State A income tax expense = $45,000
Depreciation Modification = $300,000, $250,000
The computation of taxable income is shown below:-
Federal taxable income + State A income tax expense - Depreciation Modification
= $500,000 + $45,000 - ($300,000 - $250,000)
= $545,000 - $50,000
= $495,000
