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morpeh [17]
2 years ago
9

Which of the following will usually be found on an income statement prepared using absorption costing? Contribution Margin Gross

Margin A) Yes Yes B) Yes No C) No Yes D) No No
Business
1 answer:
noname [10]2 years ago
5 0

Answer:

C) No Yes

Explanation:

When an income statement is prepared using absorption costing then, firstly revenue from sales is shown, then cost of goods sold will be shown, which includes direct fixed cost + Variable direct cost, that is cost related to production from this we get gross margin after that selling and administration expenses are deducted and we get operating profit, in income statement using absorption costing there is no, contribution margin, only gross margin and net operating income.

Sales

Less: Cost of goods sold

Gross Margin

Less: Administrative Cost

Net Operating Margin

Therefore Correct option is

C) No Yes

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A customer owns 210 shares of ABC common stock. ABC declares a rights offering, with the terms being that for every 20 rights te
snow_tiger [21]

Answer:

B. The shareholder can buy a maximum of 11 shares by paying $220

Explanation:

There is an option below the question ask for details:

The computation is shown below:

First, we have to determine the fraction value which is shown below:

= Total shares ÷ rights shares

= 210 shares ÷ 20 shares

= 10.5 shares rounded off = 11 shares

Now for additional shares, the total value would be

= Number of shares × per share value

= 11 shares × $20

= $220

5 0
3 years ago
Henry lives in a country where the government gives many incentives to produce military goods and few incentives to produce cons
Afina-wow [57]
C) mixed economy. Hope this helps
8 0
3 years ago
Read 2 more answers
Sandhill Corporation loaned $590000 to another corporation on December 1, 2020 and received a 3-month, 6% interest-bearing note
Oksi-84 [34.3K]

Answer: Debit Interest Receivable and credit Interest Revenue, $2950

Explanation:

Based on the information given in the question, we have to calculate the interest accrued and this will be:

= $590,000 × 6% × 1/12

= $590,000 × 0.06 × 0.08333

= $2949.882

= $2950 approximately

Therefore, the adjusting entry that Sandhill should make on December 31, 2020 will be to:

Debit Interest Receivable and credit Interest Revenue, $2950

6 0
2 years ago
G free ltd intends reducing the number of suppliers they use by 50% analyse how reducing the number of suppliers could imporve g
cupoosta [38]

Answer:

It has to buy gluten free raw material to retains its customers because customers are willing to pay premium price for this feature. If there will be few supplier at G-Free Ltd will be able to focus on maintaining better and long term relationship with them.  

Explanation:

G-Free Ltd has intended to reduce number of suppliers to improve its operational performance. It can grow its business and save cost from buying in bulk from a few suppliers. There will be less risk for procurement of raw material with gluten because there only few suppliers who will be providing raw material.

4 0
2 years ago
If the economy booms, RTF, Inc., stock is expected to return 9 percent. If the economy goes into a recessionary period, then RTF
ddd [48]

Answer:

    Variance = 5.44

Explanation:

The variance of a portfolio is a measure of the deviation of the returns of the assets making up the portfolio. Using the standard deviation, the variance can be worked out.

<em>Standard deviation is measure of the total risks of an investment. It measures the volatility in return of an investment as a result of both systematic and non-systematic risks.</em>

<em>Non-systematic risk includes risk that are unique to a company like poor management, legal suit against the company . </em>

<em>The variance would be determined as follows:</em>

Variance = Sum of  P×(R- r )^2  

P- probality

R- return on each asset

r- Expected return on portfolio

r =( Wa*Ra) + (Wb*Rb)

Expected return (r) = (9% × 0.68 ) + (4% × 0.32) = 7.4 %

Outcome                 R          (R- r )^2             P×(R- r )^2  

Recession              9              2.56                1.74

Boom                     4             11.56               <u>  3.70 </u>

Total                                                           <u>  5.44 </u>

Variance = Sum of  P×(R- r )^2  

    Variance = 5.44

8 0
3 years ago
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