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2 years ago

Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set __________ goals

Business

1 answer:

Llana [10]2 years ago

7 0

Answer:

Profit

Explanation:

Profit goals is very essential in business in order to meet the set target. It is important to set a profit goals under to have a good returns for the business as well as the investors involved, it gives an insight to device the best strategy for great returns financially. theoretically, profit goals= summation of all sales / Units of sales

It should be noted that Seeking to obtain as high a financial return on their investments (ROI) as possible, firms will often set profit goals.

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A traditional GAAP income statement does not help managers to predict the financial results of their decisions. Which of the fol

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Answer:

A) The GAAP statement is based on cost function rather than cost behavior.

Explanation:

Income statements that follow GAAP rules categorizes expenses based on their business function: product, selling or administrative.

While cost behavior categorizes costs based on how they influence a company's activities: variable, fixed and mixed. When a manager wants to measure the impact of any decision he/she makes, they need to use this type of categorization. For example, if fixed costs increase, what is the new break even point? If variable costs decrease, how is the marginal cost affected?

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a consumers goal in buying a good or service is to get the most out of his or her income, or to maximize total utility. this is

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2 years ago

A company has an opening stock of 6,000 units of output. The production planned for the current period is 24,000 units and expec

Orlov [11]

Answer:

Explanation:

Last year Current year

Selling Price 10 10

Varaible Price 5 6

Contribution Margin 5 4

Break even is the point where total cost is equal to total revenue mean no profit and loss.

company earns the contribution margin after covering the variable cost, now only fix cost remains for break even.

Break Even using FIFO method : first In first out system

Fix Cost = 86000

contribution from opening units(6000*5) = 30000

Remaining Fix cost that should be Covered from

current year products = 56000

Units to be sold for break-even ( 56000/4) = 14000

so we have break even units 6000+14000 = 20000

Fix cost = -86000

Opening 6000*5 = 30000

Current 14000*4 = 56000

Profit = 0

Break Even using LIFO method : Last in first out

Fix Cost = 86000

Break even = Fix Cost / Contribution margin

Break even = 86000/4 =21500

current production is 24000 which is higher than break even units so we can cover the fix cost from current year production because company is using lifo method. we do not need opening units for the break even.

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2 years ago

The payroll register of Ruggerio Co. indicates $10,500 of social security withheld and $2,625 of Medicare tax withheld on total

Anna [14]

Answer:

From the information provided

Federal rate tax of earnings = 30000 × 0.6%

= 30000 × 0.006

= 180

State rate tax of earnings = 30000 × 5.4%

= 30000 × 0.054

= 1620

Medicare taxes = 2625

Social security taxes = 10500

Total payroll tax expenses = Medicare taxes + social security taxes + state rate tax on earnings + federal rate tax on earnings

= 10500 + 2625 + 180 +1620

= $ 14925

THUS,

JOURNAL ENTRY

___Accounts_______Debit ($)____Credit ($)

Payroll Tax Expense__ 14925

Social Security Payable___________ 10,500

Medicare Payable________________2625

FUTA Payable ___________________180

SUTA Payable ___________________1620

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3 years ago

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