Answer:
Fictitious revenues
Explanation:
The fictitious revenue is a revenue that do not belong to the organization but it would be added to the revenue section intentionally.
Therefore as per the given situation, in the case when the fraud is involved in the financial statement so this is a type of fictitious revnenues
hence, the same is to be considered
Answer:
Yes, the machine should be replaced
Explanation:
The calculation is given below:
<u>
Particulars old Machine New machine
</u>
Purchase price $300,000
Less:
Salvage value -$80,000
Operating cost $400,000 $144,000
($100,000 × 4 ) ($36,000 × 4)
Total cost $400,000 $364,000
Hence, the financial advantage is
= $400,000 - $364,000
= $36,000
As there is a financial advantage of $36,000 therefore the old machine would be replaced with the new machine
Answer:
A.
Contribution Margin = contribution divided by Sales x 100%
Contribution margin % of Lucidio products = $30,000 / $100,000 = 33%
33.
B.
Break even point is the sales level at which the business covers its cost and returns a zero margin of profit.
Break even point = fixed costs divided by contribution margin
= $24,000/ 33%
= $72,727
72,727
<u>Answer:</u>
<em>C) To discourage travel by automobile by making gasoline more expensive
</em>
<em>D) To fund highway repairs and other special projects
</em>
<u>Explanation:</u>
Excise taxes are frequently levied upon cigarettes, liquor, fuel, and betting. These are regularly viewed as pointless or superfluous merchandise and ventures. To raise imposes on them is to increase their costs and to lessen the sum they are utilized. In this unique situation, extract duties are occasionally known as "transgression charges".
Excise taxes are basically for organizations. Consumers might see the expense of extract imposes straightforwardly. Shippers, who, at that point, pass the assessment on to buyers through higher costs, pay many extract charges.
