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morpeh [17]
3 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]3 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 resume gives a potential employer important information about your qualifications and accomplishments.
katrin [286]
A. True. A resume gives a potential employer important information about your qualifications and accomplishments. 
5 0
3 years ago
Bagrov Corporation had a net decrease in cash of $14,500 for the current year. Net cash used in investing activities was $56,500
irinina [24]

Answer:

c. $84,500 provided

Explanation:

Net decrease in cash = $14,500

Net cash used in investing activities = $56,500

Net cash used in financing activities = $42,500

Amount of cash was provided (used) in operating activities

= - $14,500 + $56,500 + $42,500

= $84,500

This is positive,hence provided. Th right answer is c. $84,500 provided

6 0
3 years ago
a. As far as the tax code is concerned, HeadBook will increase its expenses by $5,000 in either case. If it pays for the policy,
polet [3.4K]

Answer: $1,750

Explanation:

Incurring a health insurance cost of $5,000 or increasing salaries by $5,000 will have the same effect on the taxes because they will both be removed from the income before the taxes are calculated.

The reduction in tax in either case is:

= Expense * Tax rate

= 5,000 * 35%

= $1,750

8 0
3 years ago
A(n) _____ refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance
Alexus [3.1K]

Answer:

A dashboard refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.

Explanation:

A dashboard refers to a heads-up display of critical indicators that allow managers to get a graphical glance at key performance metrics.

A type of graphical user interface that often provides at-a-glance views of key performance indicators (KPIs) relevant to a particular objective or business process is known as a dashboard. In other ways, another name for  "dashboard" is  "progress report".

The "dashboard" is often displayed on a web page which is linked to a database that enables the report to be constantly updated.

3 0
3 years ago
Read 2 more answers
On July 8, Alton Co. issued an $80,000, 6%, 120-day note payable to Seller Co. Assume that the fiscal year of Alton Co. ends Jul
shtirl [24]

Answer:

$306.67          

Explanation:

The accrued interest is of 23 days which must be accounted for in the books of accounts.

The interest for 120 days = $80,000 * 6% * 120 / 360 = $1600

Now we will find interest for 23 days (July 31 MINUS 8 July).

Interest for 23 days = $1600 * 23 / 120 = $306.67

So the interest that has accrued at the end of the year is of 23 days and is $306.67.

8 0
3 years ago
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