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alexdok [17]
3 years ago
14

Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is

Business
1 answer:
Dvinal [7]3 years ago
4 0
The right answer for the question that is being asked and shown above is that: "c. the revenue recognition principle. " Revenue is reported on the income statement in the period earned. The accounting concept supporting this reporting is <span>the revenue recognition principle. </span>
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A small business company is considering updating the current production line. There are two plans. For plan A, the fixed cost wi
ICE Princess25 [194]

Answer:

Results are below.

Explanation:

Giving the following information:

Plan A:

Fixed costs= $40,000

Unitary varaible cost= $27

Plan B:

Fixed costs= $54,000

Unitary varaible cost= $26

Selling price per unit= $35

<u>To calculate the break-even point in units, we need to use the following formula:</u>

Break-even point in units= fixed costs/ contribution margin per unit

<u>Plan A:</u>

Break-even point in units= 40,000 / (35 - 27)

Break-even point in units= 5,000

<u>Plan B:</u>

Break-even point in units= 54,000 / (35 - 26)

Break-even point in units= 6,000

3 0
2 years ago
Dividends cause a(n) increase/decrease)_________ in equity and are recorded directly in
Artyom0805 [142]

Answer:

Decrease (debit) in equity, Cash Dividends Payable (credit, liability account)

Explanation:

The journal entry to record the declaration of the cash dividends involves a decrease (debit) to Retained Earnings (a stockholders' equity account) and an increase (credit) to Cash Dividends Payable (a liability account).

(opentextbc.ca)

6 0
3 years ago
(a) Graphically show &amp; explain how carpooling may eliminate the shortage.
balu736 [363]

Answer:Graphically show & explain how carpooling may eliminate the shortage.

Explanation:

4 0
3 years ago
Kermit is considering purchasing a new computer system. The purchase price is $133,063. Kermit will borrow one-fourth of the pur
lesya [120]

Answer:

NPV =  $20,040.35  

Explanation

The net present value NPV) of a project is the present value of cash inflow less the present value of cash outflow of the project.

NPV = PV of cash inflow - PV of cash outflow

We can set out the cash flows of the project using the table below:

Annual net cash inflow = Savings - Technician cost = 61,427- 20,000

                                       = $41,427

PV of Cash flow= $41,427  × (1-(1.12^(-5))/0.12=  149,335.06  

PV of salvage value = 1.12^(-5)×$6,641 =  3768.281749

NPV = 149,335.06  + 3,768.281  -133,063= 20,040.35  

             

7 0
3 years ago
On December 31, 2018, a company had assets of $34 billion and stockholders' equity of $28 billion. That same company had assets
Orlov [11]

Answer:

131.6%

Explanation:

Total assets is $50 billion

Liabilities = 50-stock holder equity which is $12 billion

= 50-12

= $38 billion

Therefore the debt to assets ratio can be calculated as follows

= 50 billion/38 billion

= 1.3157×100

°= 131.6

Hence the debts to assetsrayion is 131.6%

7 0
3 years ago
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