Answer:
Account Analysis
Explanation:
The estimation of different costs associated with the product is know account analysis. In this method the cost is measured into three categories as below
- Variable cost
- Fixed Cost
- Mixed Cost
All these costs are calculated using linear algebra as below
Y= B + MX
where
Y is the total costs of product
B = Fixed Cost of the product
M = Variable cost of the product
X = Number of Units
Answer:
$1,500
Explanation:
Since the season lasts 4 months, the membership fees must be recognized over the whole 4 month period, that means that the club must recognize $100 / 4 = $25 per month per membership sold.
The company sold 60 season memberships, so it must recognize 60 x $25 = $1,500 in revenues.
Answer:
$1,000
Explanation:
The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50
If the market value rises to $22,000, the account will show
Long market value - Debit = Equity % SMA
$22,000 - $10,000 = $12,000
Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA
Answer:
The correct answer is letter "A": Risk identification.
Explanation:
Risk identification is one of the steps used in the risk management process. Risks are determined through the measurement of the parameters that define them, the size of the loss or possible damage, and the possibility that the loss or damage eventually takes place.
Answer:
Cost of goods manufactured
Explanation:
Cost of goods manufactured are reported on the face of income statement because it's a critical factor in arriving at the profit or loss position at the end of a period. Cost of goods manufactured takes cognizance of the material costs, labour and overhead costs involved in production. This determines the overall financial status of a company, and allow a decision maker to know if the business is doing good or not.
