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alekssr [168]
3 years ago
13

A type of service that requires a CPA firm to issue a report about the reliability of an assertion that is made by another party

is a(n) Group of answer choices
Business
1 answer:
Nesterboy [21]3 years ago
5 0

Answer:

no

Explanation:

creo

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A proposed project has fixed costs of $43,000 per year. the operating cash flow at 16,000 units is $89,000. a. ignoring the effe
ryzh [129]

A proposed project has fixed costs of $43,000 per year. the operating cash flow at 16,000 units is $89,000. a. ignoring the effect of taxes, what is the degree of operating leverage?

Answer:

Fixed Costs = $43,000

Operating Cash flow at 16,000 units = $89,000

Degree of Operating Leverage = 1 + Fixed Costs / Operating Cash flow

Degree of Operating Leverage = 1 + $43,000 / $89,000

Degree of Operating Leverage = 1.4831

The Degree of Operating Leverage measures how a good deal a employer's operating earnings modifications in response to a change in sales. The DOL ratio assists analysts in determining the impact of any trade in sales on company earnings.

What's the method for Degree of Operating Leverage?

The Degree of Operating Leverage can also be calculated by using subtracting the variable fees of income and dividing that range via sales minus variable expenses and glued costs.

What does Degree of Operating Leverage measure?

The Degree of Operating Leverage (DOL) is a more than one that measures how a good deal the operating profits of a enterprise will alternate in reaction to a exchange in income.

Is a higher Degree of Operating Leverage better?

Generally speak me, excessive running leverage is better than low running leverage, as it permits businesses to earn large income on each incremental sale. Having stated that, organizations with a low Degree of Operating Leverage can also discover it less complicated to earn a profit while handling a lower degree of sales.

Learn more about Degree of Operating Leverage here:- brainly.com/question/26978903

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6 0
1 year ago
During the year ended December 31, 2018, Kelly’s Camera Shop had sales revenue of $180,000, of which $90,000 was on credit. At t
storchak [24]

Answer:

(a) On December 10, a customer balance of $1,400 from a prior year was determined to be uncollectible

Dr Sales Returns and Allowances $ 1,400  

Cr Accounts Receivable   $ 1,400

(b) On December 31, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the year.

Dr Bad Debt Expense $ 752  

Cr Allowance for Uncollectible Accounts  $ 752

Explanation:

Initial Balance  

Dr Accounts Receivable   $ 12,000

Cr Allowance for Uncollectible Accounts  $ 500

Kelly’s Camera Shop had sales revenue, of which $60,000 was on credit  

Dr Accounts Receivable  $ 60,000  

Cr Sales  $ 60,000

Collections of accounts receivable during 2018 amounted to $58,000.  

Dr Cash $ 58,000  

Cr Accounts Receivable   $ 58,000

(a) On December 10, a customer balance of $1,400 from a prior year was

determined to be uncollectible, so it was written off.  

Dr Allowance for Uncollectible Accounts $ 1,400  

Cr Accounts Receivable   $ 1,400

(b) On December 31, a decision was made to continue the accounting policy of basing estimated bad debt losses on 2 percent of credit sales for the year.  

Dr Bad Debt Expense $ 752  

Cr Allowance for Uncollectible Accounts  $ 752

6 0
3 years ago
Miranda works 40 hours a week at a wage rate of ​$25. Thus, her total weekly income is ​$1000. On this​ income, she pays total t
Vlad1618 [11]

Answer:

15%

Explanation:

If Miranda works 40 hours a week at a wage rate of ​$25. and she ​however calculates that on the last hour that she​ works, she pays ​$3.75. then her marginal tax rate is derived as follows

<em>The marginal tax rate is the incremental tax paid on incremental income.</em>

From the scenario, we are given the following:

Weekly wage rate is $25.

Weekly tax pay is $3.75

Hence, Marginal tax rate  can be computed as = $3.75 / $25 = 15%

8 0
3 years ago
A monopoly exists when _____ provides a good or service.
marishachu [46]
A company controls the market for a good or service
8 0
3 years ago
Which country conquered the Mongolian State in 1919?<br>Russia<br>India<br>China<br>Japan​
Ganezh [65]
The answer is russia!
4 0
3 years ago
Read 2 more answers
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