1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
A news release for a diet product company reports: There's good news for the 65 million Americans currently on a diet. Its study
dexar [7]

Answer:

C. biased, understating the effectiveness of the diet.

Explanation:

As the company promises the population of America which is too huge, just on the study based on 20 employees of the company itself.

This clearly means that the company is trying to sell the product with false reports as the sample size of study is to small to represent entire American Population.

Further that too the employees could be influenced to get the false results.

As since the employees could be influenced and that the results can be altered accordingly, the report is biased, and is misleading.

6 0
3 years ago
Larry manages a grocery store in a country experiencing a high rate of inflation. To keep up with inflation, he spends a lot of
salantis [7]

Answer:

menu costs of inflation

Explanation:

Menu costs of inflation refer to the costs of having to modify the prices as a result of the frequent change in the price levels of the products that force businesses to make constant updates on their sales prices. According to this, the answer is that this is an example of menu costs of inflation as the grocery store has to update the prices of the products frequently because of the high rate of inflation.

6 0
3 years ago
A manufacturer of disposable foam products entered into a written contract with a take-out restaurant to sell them 5,000 disposa
saveliy_v [14]

Answer:

Option B

Explanation:

Since the contract did not mentioned any thing about the retuning of containers that were not defective, it becomes the obligation of the buyer to pay the final delivery amount on the basis of Good-faith modification.

Hence, option B is correct

3 0
2 years ago
Marco predicts he will have $18,750 in expenses for one year of college. He expects to receive $3,450 in grants annually. How mu
Rzqust [24]
7650 would be the ansawer 

7 0
3 years ago
Read 2 more answers
Thomas Joslin was judged at fault in an automobile accident. Three others were awarded damages of $156,000, $75,000, and $69,000
Mrrafil [7]
$69.000 because it’s an less amount
6 0
2 years ago
Other questions:
  • Tara deposits money into an account with a nominal interest rate of 6 percent. She expects inflation to be 2 percent Her tax rat
    8·1 answer
  • In many instances the New Deal reinforced segregation and disappointed blacks who had voted for broad changes to the nation’s ra
    15·1 answer
  • Healthy Snacks has a target capital structure of 60 percent common stock, 3 percent preferred stock, and 37 percent debt. Its co
    13·1 answer
  • Dawn Manufacturing’s records show a journal entry was made debiting Work in Process Inventory and crediting Raw Materials Invent
    7·1 answer
  • The economy begins in equilibrium at point E, representing the real interest rate r 1 at which saving S 1 equals desired investm
    15·1 answer
  • While taking courses at a community college, Patrice also spends time each week assisting at her town’s community center. Patric
    14·2 answers
  • 1. What is the author trying to say in comparing Becky's world with Desta's world?<br><br> Help me
    13·1 answer
  • IKEA is very Sweden-centric; that is, they like doing it the Swedish way, from the names of the furniture to the management of t
    7·1 answer
  • Vaughn Manufacturing assigned $1606000 of accounts receivable to Cullumber Company as security for a loan of $1342000. Cullumber
    12·1 answer
  • An employee in charge of collecting tickets at the entrance of a movie theatre lets her friends enter the theatre without paying
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!