Answer:
The answer is B.
Explanation:
As WLM has 15% of their revenue coming from selling other relevant products leaving the other 85% coming from selling luxury sport cars, this level of revenue diversification catagorizes WLM into a dominant-business firm which is defined as firm having 70%-95% of their income from a single business.
WLM is diversified well as enough not to be considered as single-business firm which has more than 95% of their revenue from a single type product. However, to be defined as a related-linked diversified firm, WLM's revenue sources should be more diversified in which less than 70% of their income coming from a single business.
WLM is far from being the Conglomerate as Conglomerate is defined as a Corporation operating in multi-industry.
Answer:
C. a debit to Bad Debts Expense account
Explanation:
using the direct write-off method, we do not use the allowance. At write-off we recognize the directly the bad debt expense and decrease the accounts receivable.
Is important to notice that the direct method violates the accounting matching principles as, it recognize an expense based on events which occured at prior periods
Answer:
$7,64 (non of the suggested options)
Explanation:
<em>Step 1 Determine the Total Costs Incurred for conversion</em>
Conversion Costs :
Beginning Work in Process $ 54,100
Add Costs incurred in February $781,600
Total Costs $835,700
<em>Step 2 Determine cost per equivalent unit of production for conversion</em>
Cost per equivalent unit = Total Costs / Total Equivalent units of production
= $835,700 / 108,900
= $7,64
Answer: Option A
Explanation: In simple words, firms stock refers to the securities that a company has issued for gaining funds for operations. Prices of such securities are highly fluctuating and changes as per the prospects and existing economical conditions.
A rise in prices of the stock indicates that the returns for the stock will be going to increase in future and thus can happen only if the investors are expecting high profits in coming period.
An expansion of business opens new opportunities for the firm in market and increasing their profits proportionately leading to increase in stock prices.
Hence the correct option is A .