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3 years ago

Which of the following choices is not a step that can reduce your spending?

Business

2 answers:

monitta3 years ago

5 0

Answer:

I think answer a because you wouldn't be spending any money if you eat at home

Lelechka [254]3 years ago

5 0

Answer: A

Explanation:

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Income statement data for Whirlpool Industries from the company’s 2016 financial statements follow. Use these data to reformulat

Blababa [14]

1. The computation of the adjustments to warranty expense, income tax expense, and net income and the reformulation of the income statement for 2014, 2015, and 2016 for Whirlpool Industries are as follows:

12 Months Ended ($ millions) Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014

Net sales $23,928 $24,101 $23,082

Warranty expense 366 610 372

Taxable income $23,562 $23,491 $22,710

Tax expenses (30%) $7,069 $7,047 $6,813

Net income $16,493 $16,444 $15,897

2. The computation of the average warranty expense to net sales rate over the past three years is as follows:

12 Months Ended ($ millions) Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014

Net sales $23,928 $24,101 $23,082

Warranty expense 366 610 372

Warranty expenses to

net sales rate 1.5296% 2.5310% 1.6116%

Average warranty expenses to net sales rate = 1.89% (5.6722/3)

<h3>Data and Calculations:</h3>

12 Months Ended ($ millions) Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014

Net sales $23,928 $24,101 $23,082

Warranty expense 366 610 372

Warranty expenses to

net sales rate 1.5296% 2.5310% 1.6116%

Average warranty expenses to net sales rate = 1.89% (5.6722/3)

Thus, the average warranty expense to net sales rate over the past three years is <u>1.89%</u>.

Learn more about preparing income statements at brainly.com/question/24498019

3 0

2 years ago

What role do values play in making ethical decisions?

Lubov Fominskaja [6]

Values play a central role in ethical decision making.It is because core values are so subjective, they will be relative to the individual who holds them. Not all individuals have the same core values and conflicts about them will often arise.

7 0

3 years ago

Select the examples of Buying and Merchandising workplaces. Check all that apply.

KiRa [710]

Answer:

2,3,4,5

Explanation:

...

3 0

3 years ago

Read 2 more answers

Suppose you're in charge of establishing economic policy for this small island country. Which of the following policies would le

loris [4]

Answer:

Encouraging saving by allowing workers to set aside a portion of their earnings in tax-free retirement

Imposing restrictions on foreign ownership of domestic capital

Explanation:

4 0

3 years ago

a company has established 5 pounds of material j at $2 per pound as the standard for the material in its product z. the company

Neporo4naja [7]

Answer:

direct materials quantity variance = 520 Favourable

Explanation:

given data

material = $2 per pound

produced = 1,000 units

Actual Quantity of Material = 5200

cost = $9,880

to find out

direct materials quantity variance

solution

we get here Material Price Variance that is express as

direct materials quantity variance = ( Standard Cost - Actual Cost) Actual Quantity of Material .......................1

put here value we get

direct materials quantity variance = 2- $\frac{9880}{5200}$ × 5200

direct materials quantity variance = 520 Favourable

7 0

3 years ago