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alexgriva [62]
3 years ago
15

Which of the following statements is true regarding variable costing?Multiple Choice

Business
2 answers:
pentagon [3]3 years ago
8 0

Answer:

a

Explanation:

Citrus2011 [14]3 years ago
8 0

Answer:

B.Only manufacturing costs that change in total with changes in production level are included in product costs

Explanation:

Variable costing is an accounting methodolgy that only charges variable costs to invetory, so it is a tricky way to do the accounting because it does not take all of the variables into consideration in order to be able to price something, it doesn´t take all of the costs of the company in the cost of producing their products, so that is why it is not traditional or popular accounting system.

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Lyons Company deducts insurance expense of $210,000 for tax purposes in 2018, but the expense is not yet recognized for accounti
djyliett [7]

Answer:

The total income tax expense for 2019 =152.000. Is not available in the options given by the exercise.

Explanation:

  • Tax on insurance expense deductible for accounting purposes in 2019= 70000*40%=28.000

  • Income tax expense for 2019 = 180.000-28.000=152.000

4 0
3 years ago
The financial ratio that shows the relationship between the price of a company's stock and the company's net worth (stockholders
Paha777 [63]

Answer:

A

Explanation:

5 0
1 year ago
Suppose that an increase in consumer confidence raises consumers' expectations of future income and thus the amount they want to
Anni [7]
It will affect the investment and the interest rate when people consume more, investments will increase as they buy more products. An increase in consumer confidence would result to an increase in consumption of goods and commodities. The interest rate will higher as the demand for capital also rises and consumer spending rises due to the demand also arises.
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3 years ago
Which of the following is NOT one of the 5 typical sources of competitive pressures? Select one: a. The power and influence of i
allochka39001 [22]

Answer:

a. The power and influence of industry driving forces

Explanation:

As per Michael Porter, there exist five competitive forces that influence competition in an industry. The five forces as per Porter are:

  • Potential entrants
  • Industry competitors
  • Customers
  • Substitutes
  • Suppliers

Potential entrants refers to the risk of new entrants in the market.

Industry competitors refers to the extent of rivalry and competition between existing firms.

Customers relate to the negotiating or bargaining power of the customers and to what extent they exercise such power.

Substitutes refer to the emergence of substitute products in the market which may drive down a firm's sales.

Suppliers relate to the bargaining power exercised by suppliers with respect to inputs.

7 0
3 years ago
A decrease in the number of sellers in the market causes
Arte-miy333 [17]

In the market economy there are two important factors, supply and demand, which are the regulators of the market price.

The offer is conditioned by fators such as technological advances, the number of sellers, the cost of supplies, and the expectations of sellers.

Thus, a change in these factors has an impact on the supply curve, which marks the relationship between prices and quantity, in the case of the number of sellers, as the number decreases, so will the quantities available, so the curve would experience a <em>movement to the left</em>.

Answer

(A) the supply curve to shift to the left.

5 0
3 years ago
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