Answer:
Tax allocation within a period is the practice of allocating the income tax for a period to such items as income before extraordinary items, extraordinary items and period adjustments.
Explanation:
The justification for tax allocation within a period is to produce financial statements which disclose an appropriate relationship of the different taxable income.
Answer:
The correct answer is letter "D": actual activity differing from expected activity levels.
Explanation:
A static or master budget is the estimate of expected expenses a firm outlines at the beginning of the operations of a period and remains the same during the period. A flexible budget estimates expenses over a period of operations but can be modified as many times as the operations require. The flexible budget reflects better the current activity of the organization.
Answer:
Smith
Explanation:
Cash flow at risk (CFaR) can be defined as the extent to which future cash flows may fall short of expectations as a consequence of changes in market variables. ... It generally focuses on the market risk that impacts the corporate's cash flows, ignoring things such as political, operational, environmental and legal risk
Answer:
Consumers are defined as individuals or businesses that consume or use goods and services.
Explanation:
Answer:
The answer is 629,000.
Explanation:
- For each unit of M sold, the price is 7 and the cost is 3, so the contribution margin is 4;
- For each unit of N sold, the price is 4 and the cost is 2, so the contribution margin is 2;
- For each unit of O sold, the price is 6 and the cost is 3, so the contribution margin is 3;
- With the mix, 1 unit of sale contributes (contribution per mix) 3*M+1*N+2*O = 3*4+1*2+2*3 = 20
For covering the 340,000 of fixed costs, you have to sale 340,000/20 units. That's equal to 17,000 units.
Each unit of sales is equal to (price per mix) 7*M+4*N+6*O = 7*3+4*1+6*2 = 37. So, with 17,000 units, the total sales will be 17,000 * 37 = 629,000.
