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kifflom [539]
3 years ago
12

Which of the following statements is FALSE?A. The income statement is put together at a specific point in time​ (end of a busine

ss​ quarter, or business​ year) and so the sale could be in one period and the cash received in another period. B. The income statement contains the set of expenses associated with the products or services sold during the current operating​ period, with those expenses not associated with current cash flow labeled as nonminuscash expense items. C. Depreciation is a current expense of a cash outflow in the current period. D. Companies depreciate fixed assets​ (such as office​ furniture, equipment,​ machinery, and​ buildings) over an assigned time​ period, but the initial cash outlay for the fixed asset typically occurs at the time the asset is acquired by the firm.
Business
1 answer:
skelet666 [1.2K]3 years ago
5 0

Answer:

C. Depreciation is a current expense of a cash outflow in the current period.

FALSE depreciation is a deferral expense it do not related t oa cash flow

Explanation:

A. The income statement is put together at a specific point in time​ (end of a business​ quarter, or business​ year) and so the sale could be in one period and the cash received in another period.

CORRECT income statement end at a certain date and include transaction under accrual accounting which doesn't relate to cash disbursements or collection

B. The income statement contains the set of expenses associated with the products or services sold during the current operating​ period, with those expenses not associated with current cash flow labeled as nonminuscash expense items

CORRECT It works with accrual accounting

D. Companies depreciate fixed assets​ (such as office​ furniture, equipment,​ machinery, and​ buildings) over an assigned time​ period, but the initial cash outlay for the fixed asset typically occurs at the time the asset is acquired by the firm.

CORRECT the cash disbursements occurs at time zero. Then, the accounting distributes this over several period to decrease the impact in the first period

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Albert is looking for his first-ever summer job. Eleanor was laid off from the gold mine where she worked because of the decreas
Pani-rosa [81]

True , Cyclical unemployment can be negative.

Explanation:

Cyclical unemployment may be negative as well — when the economy hits its productivity and will be in the economic growth cycle process (works outside its PPC), then cyclical unemployment will be negative. The current unemployment rate is below the standard rate of unemployment.

The given statements are different in each scenario.

There are three elements of employment:

• Structural unemployment, which happens when Jobless people are also not qualified to work

• Frictional unemployment, due to the time needed to find one another by job-seekers and accessible employers

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8 0
3 years ago
The following monthly data are available for Coronado Industries. which produces only one product: Selling price per unit, $38;
In-s [12.5K]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

Selling price per unit= $38

Unit variable expenses= $14

Total fixed expenses= $42,000

Actual sales for June= 3000 units.

First, we need to calculate the break-even point in dollar using the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= 42,000/ [(38 - 14)/38]

Break-even point (dollars)= $66,500

Now, we can calculate the margin of safety in dollars:

Margin of safety= (current sales level - break-even point)

Margin of safety= (3,000*38 - 66,500)

Margin of safety= (114,000 - 66,500)

Margin of safety= $47,500

5 0
3 years ago
the value of the marginal product of any input is equal to the marginal product of that input multiplied by the:_____.
charle [14.2K]

The value of the marginal product of any input is equal to the marginal product of that input multiplied by the: <u>market price</u>  of the output.

<h3>How to find the marginal product?</h3>

The marginal product can be defined as the change that occur due to the  addition of an output to  a unit of  input .

The value of marginal product can be calculated by making use of this formula

Value of Marginal Product = Marginal physical product × Average revenue price of the product.

Therefore the statement that complete the statement is market price  of the output.

Learn more about marginal product here:brainly.com/question/14867207

#SPJ1

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Which of the following items could be painted in a dark color to be on trend in 2020?
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I think black toilets would be cool and a 2020 trend and if not hopefully in 2021
5 0
3 years ago
Amy's Performance Pizza is a small restaurant in San Francisco that sells gluten-free pizzas. Amy's very tiny kitchen has barely
Mkey [24]

Solution :

Amy can only change the number of workers. As the fixed input cannot be changed in the short run, so in the short run, the workers are the variable inputs and the ovens are the fixed inputs.

a). Marginal Product of labor

  No. of workers    The Output    The Marginal product of labor

   0                           0                           ---

   1                            60                        60

   2                           100                       40

   3                           130                       30

   4                           150                       20

   5                           160                       10

The marginal product of the labor is the change in the quantity i.e pizza as Amy hires an additional worker.

1 worker raise the output to 100, so the marginal product of labor of 1 worker is 100 and so on. The marginal product of the labor = change in the output / change in the number of workers.

b).

No. of workers   The Output    The Fixed cost  The Variable cost Total cost

       0                            0              20                        0                          20

       1                            60             20                       30                         50

      2                            100             20                      60                       80

      3                            130             20                       90                       110

      4                            150            20                        120                      140

     5                             160            20                        150                      170

The fixed cost remains the same but the variable cost increases as one more worker is hired.

The law of the diminishing the marginal product of labor is determined by = total output increases at the decreasing rate as we increase the quantity of the labor.      

   

   

   

         

7 0
3 years ago
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