Opportunity cost refers to the alternative forgone.
Answer:
business and trade publications
Explanation:
A trade publication is a type of publications that specifically share information between and about personnels or individuals, often experts, within a particular industry for the purpose of improving their business or field and to actively keep current or updated on market trends.
Hence, BUSINESS AND TRADE PUBLICATIONS is a good source for gathering competitive information about senior managers' responsibilities, their background, their education, and highlights of their achievements to date.
Answer:
Differential income = $960
Explanation:
<em>In a special order decision , the offer should be accepted if the sales revenue from the order is greater than the relevant costs of the special orders.</em>
The relevant costs of the special order = variable cost + additional cost of special stitching machine
$
Sales revenue (120× $18) 2,160
The relevant costs of the special order
= (120×8) + (120×2) <u>(1,200)</u>
Differential income <u> 960</u>
The three most frequent misconceptions are that net income equals cash, net income excludes estimates, and net income reports all changes in value that occurred during the accounting period.
One of the three crucial financial statements used to describe a company's financial performance throughout a certain accounting period is the income statement. The balance sheet and the cash flow statement are the other two important statements. The income statement, which is often referred to as the profit and loss (P&L) statement or the statement of revenue and expense, primarily focuses on the company's revenue and expenses over a specific time period. Understanding how to study an income statement is the greatest approach to evaluate a business and choose whether or not to invest.
To learn more about income statement here
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Answer:
Instructions are listed below.
Explanation:
Giving the following information:
1)
A) Absorption costing captures all product costs (direct labor, direct material, manufacturing overhead) to each unit of a product produced during the period. It includes variable and fixed cost.
Absorption cost= Direct material used + Direct labor + Variable manufacturing overhead + Fixed manufacturing overhead
B) Income statement:
Revenue/Sales (+)
Cost of Goods Sold (COGS) (-)
=Gross Profit
Marketing, Advertising, and Promotion Expenses (-)
General and Administrative (G&A) Expenses (-)
=EBITDA
Depreciation & Amortization Expense (-)
=Operating Income or EBIT
Interest (-)
Other Expenses (-)
=EBT (Pre-Tax Income)
Income Taxes (-)
=Net Income
2)
A) Variable costing= Direct material used + Direct labor + Variable manufacturing overhead + variable selling and administrative
B) Income statement
Sales
Cost of good sold (-)
Contribution margin
Fixed costs (-)
Depreciation expense (-)
Interest (-)
Net operating profit
Tax (-)
Net profit
