Answer:
1. SEA DOWN
INCOME STATEMENT
conventional Variable
sales 10535000 10535000
cost of sales -7310000 - 4730000
commission - 2365000
contribution 3440000
gross profit 3225000
commission -2365000
fixed costs - 2760000
operating costs -245000 -245000
net income 615000 435000
2. Absorption method has the higher operating income, because manufacturing costs are charged to the cost of units and are usually less costly per unit ( the more units produced the lesser fixed costs become) than in total and in Variable method fixed costs are taken as a total.
3. conventional Variable
sales 11270000 11270000
cost of sales -7820000 -5060000
commission -2530000
contribution 3680000
gross profit 3450000
commission -2530000
fixed costs - 2760000
marketing cost -150000 -150000
operating costs -245000 -245000
net income 525000 525000
If the company is using Absorption method as basis for decision then it should not take the promotion as it yields to a decrease in net income. If the company uses Variable method as basis then it should take the promotion as it leads to an increase in profits.
Overall I think the company should take the promotion because it has an increased contribution to fixed costs and the two methods yield the same net income and that is a guarantee.
Explanation:
units
opening 0
produced 230000
closing - 15000
sold 215000
unit cost
Arbsoption Variable
VC 22 22
FIXED 12
UNIT COST 34 22
The blank space in the task statement should be filled with; Teach for America.
<h3>Teach for America initiative</h3>
As the name implies, Teach For America is a nonprofit organization whose stated objective is to "enlist, develop, and mobilize as many as possible of our nation's most promising future leaders to grow and strengthen the movement for educational equity and excellence".
On this note, the nonprofit organization in discuss is; Teach for America.
Read more on nonprofit organizations;
brainly.com/question/26476622
Answer:
40,000
Explanation:
There is no alternative
So the correct answer for this question is 40,000
Total cost= explicit cost + implicit cost=15,000+25,000=$40,000
1: 15,000+25,00 =
2: Answer found
Answer: 40,000
<em><u>Hope this helps.</u></em>
Complete Question:
Which of the following is true regarding the trial balance? Select all that apply.
a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.
b) The trial balance is much less detailed than the balance sheet and income statement.
c) The accounting principle of materiality says that the information on the trial balance can be combined and simplified into more general reporting items.
d) The accounting principle of money measurement says that the information on the trial balance can be combined and simplified into more general reporting items.
e) The trial balance shows only nominal accounts.
Answer:
a) The trial balance includes all of the accounts needed to create the balance sheet and the income statement.
Explanation:
Company XYZ's trial balance summarizes all the general ledger account balances with the assets and expenses on the debit side and the liabilities, equity, and income on the credit side. It is extracted from the general ledger for all accounts that do not have equal debit and credit sides. It is one of the ways to ensure that proper double entry system of bookkeeping has been followed. That the two sides are in balance does not mean that the trial balance or the general ledger from which it is prepared is error-free. It simply means that the two sides agree in total. XYZ can prepare the trial balance at any time, not necessarily at the end of the period.