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den301095 [7]
2 years ago
12

Select the incorrect statement regarding relevant costs and revenues. Group of answer choices Sunk costs are never relevant for

decision-making purposes. Differential revenues are expected future revenues that differ from past revenues. To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives. Avoidable costs are also known as differential costs.
Business
1 answer:
raketka [301]2 years ago
6 0

Answer:

The incorrect statement regarding relevant costs and revenues:

To be relevant, a cost or revenue must not be future-oriented and must differ between the alternatives.

Explanation:

For a cost or revenue to be considered as relevant, it must be incurred or earned at a future time.  It must also differ between the options available for decision making.  A cost or revenue cash flow is relevant if it arises from a management decision and can be avoided.  This simply means that if the cost or revenue is not affected by management decision or does not make any difference in decisions, it is not relevant.

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Mussatto Corporation produces snowboards. The following per unit cost information is available: direct materials $16; direct lab
SCORPION-xisa [38]

Answer:

Selling price= $51.48

Explanation:

Giving the following information:

Direct materials $16

Direct labor $5

Variable manufacturing overhead $9

Variable selling and administrative expenses $6

To compute the total cost per unit, we will use the variable costing approach. We will only compute the variable costs.  

Total cost per unit= $36

Selling price= $51.48

6 0
3 years ago
Suppose the consumer price index in 2010 was 100 and its corresponding basket of goods was $23,000. if that same basket of goods
Musya8 [376]

The value of the CPI in 2006 is 82.61.

<h3>What is the value of the CPI?</h3>

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

2010 is the base year because its CPI is 100.

(19,000 / 23,000) x 100 = 82.61

To learn more about consumer price index, please check: brainly.com/question/26382640

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3 0
2 years ago
Milton friedman argued that consumers are more likely to alter their behavior based on.
Bess [88]

The Right Response is Option C which is Long Term Changes in the Economy.

<h3><u>Why Did Friedman Argued So?</u></h3>
  • The concept of monetarism, which refers to the management of money in the economy, was developed by Milton Friedman. According to Friedman, changes in the money supply can have both long- and short-term consequences.

Friedman suggested that long-term changes in the economy had an impact on consumer behavior. Long-term economic developments have an impact on how consumers behave while making purchases. For instance, if long-term economic trends are favorable, consumer spending will rise; otherwise, it would fall.

Therefore, "long-term changes in the economy" is the right response.

To learn more about Long Term Changes in the Economy. Click the links.

brainly.com/question/20822981

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Correct Question - Milton Friedman argued that consumers are more likely to alter their behavior based on

a) changes in the unemployment rate.

b) short-term changes in the economy.

c) long-term changes in the economy.

d) changes in the inflation rate.

4 0
1 year ago
Hemingway Corporation has 100,000 shares of common stock issued and outstanding. At the meeting of the board of directors on Dec
DaniilM [7]

Answer:

See the journal entry below

Explanation:

Retained earnings A/c Dr $500,000

Dividends payable A/c Cr $500,000

Here, cash dividend is being declared by the board on 100,000 shares hence the account of retained earnings is debited and account of dividends payable is credited.

NB.

Amount = Share × Price per share

Given that;

Share = 100,000

Price per share = $5

Amount

= 100,000 × $5

= $500,000

4 0
3 years ago
I need help in this it’s personal finance
Lilit [14]

Answer:

it may personal finance

Explanation:

because it's is include personal site

7 0
3 years ago
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