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vladimir2022 [97]
3 years ago
12

When the number of units in work in process and finished goods inventories decrease, absorption costing net operating income wil

l typically be greater than variable costing net operating income.
a. True
b. False
Business
1 answer:
Nastasia [14]3 years ago
7 0

Answer:

b. False

Explanation:

The difference between absorption costing net operating income and variable costing net operating income lies in the <em>fixed costs deferred in closing inventory</em>.

If Production is greater than Sales - <u>Increase in Finished Goods Inventory</u>, Absorption costing net operating income  will typically be greater than Variable costing net operating income.

However, If Production is less than Sales - <u>Decrease in Finished Goods Inventory</u>, Absorption costing net operating income  will typically be less than Variable costing net operating income.

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Written, Inc. has outstanding 600,000 shares of $2 par common stock and 120,000 shares of no-par 8% preferred stock with a state
Vitek1552 [10]

Answer:

$126,000

Explanation:

Given:

Total outstanding stocks = 600,000

Price per share of common stock = $2

Number of preferred stock = 120,000

Interest rate = 8%

Stock Value = $5

Outstanding year = 3

Total Amount of preferred stock = Principle × Rate × Time

or

Total Amount of preferred stock = ( 120,000 × $5 ) × 0.08 × 3 = $144,000

Since,

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Hence,

the total amount distributed i.e $126,000 will be received by the preferred stockholders

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3 years ago
Cho is working on poverty reduction in a Philadelphia public housing development. In the analysis he writes after the project, h
Anestetic [448]

Answer:

Oscar Lewis’s "culture of poverty" is usually interpreted as blaming the poor people for being poor. It's like, you are poor because you decide to be poor, and Cho (and I) believe that it is not true.

While Mario Luis Small believed that someone doesn't have or belongs to a culture just because his or her race, ethnic group or gender. His work relates to how environmental, socio-cultural conditions influence poor neighborhoods and their residents.  

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3 years ago
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Mr. Brown wants to buy a Tesla Model S car, whose price is $100, 848. The dealer offers a loan plan: $30, 000 downpayment, $X at
algol [13]

Answer:

X is $30,000

Explanation:

First, we need to calculate the Amount ofLoan

Amount of Loan = Car price - Down payment = $100,848 - $30,000 = $70,848

This is the situation of annuity payment for 4 years at a 25% interest rate with equal annuity payment each year.

Now we will use the following formula to calculate the value of X

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Where

PV of Annuity = Amount of Loan = $70,848

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Annuity Payment = X = ?

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$70,848 = X x 2.3616

X = $70,848 / 2.3616

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The assets of a company total $738,000; the liabilities, $219,000. what are the net assets?
ziro4ka [17]
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The net assets are assets minus liabilities, so it is $520,000 in this case.
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