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crimeas [40]
3 years ago
5

Should Peterson Accounting have relied on the income statement and footnote information provided by Ms. Rivera’s accountant? Why

or why not?
Business
1 answer:
vladimir1956 [14]3 years ago
5 0

Answer:

The answer is an affirmative YES.  Peterson Accounting should have relied on the income statement and footnote information provided by Ms. Rivera's accountant because they provided additional information on valuation and also provided a uniform framework for rigorous assessment and evaluation of the assets.

Explanation:

However, reliance should not be automatic.  It should be based on the assessment of the qualification of Ms. Rivera's accountant and the internal controls in place, which helped the preparation of the income statement.

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Which is the most important factor on which motor carriers compete?
Anon25 [30]

Answer:

The correct response is "railroad". A further explanation is given below.

Explanation:

  • The other passenger transport market is railways, is because rail services are easier and have already been commonly used instead of motor carriers as well as providers.
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7 0
3 years ago
If the dollar contribution margin per unit is increased by 10%, total fixed cost is decreased by 20%, and all other factors rema
Tasya [4]

Answer:

increase by $11,000

Explanation:

The computation of net operating income is shown below:-

Revenue = Sales per unit × Sales price per unit

= 3,000 × $70

= $210,000

Less variable costs = Sales per unit × Variable cost per unit

= 3,000 × $50

= $150,000

Fixed costs = $25,000

Net income =  Revenue - Less variable costs - Fixed costs

= $210,000 - $150,000 - $25,000

= $35,000

Contribution margin per units = $70 - $50

= $20

Increase by 10%, it will be

$20 × (1 + 0.1)

= $22

If it decrease by 20%

= $25,000 × (1 - 0.20)

= $20,000

Net income = $3,000 × 22 - 20,000

= 46,000

So it was 35,000, with the changes it is 46,000. That increase by $11,000

7 0
4 years ago
Your uncle passed away and left you and your siblings his private property. He owned a 180 acre ranch and there are 3 of you. Ea
Stella [2.4K]

Find the total value by multiplying total acres by price per acre:

180 x 3000 = $540,000

Divide total value by number of siblings:

540,000 / 3 = $180,000

Answer: $180,000

5 0
3 years ago
Read 2 more answers
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Answer:

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Explanation:

6 0
3 years ago
When employees are unclear about work methods, scheduling, and performance criteria because others hold different ideas about th
atroni [7]

Answer:

true

Explanation:

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Obviously uncertainty is never good, because it increases stress levels, specially to new workers, but can also lower productivity of current workers that have been assigned new functions or tasks. The person in charge of stating and making things clear is the supervisor or manager, since it is normal that different opinions and views within the employees just makes things more confusing.

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