1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
saveliy_v [14]
3 years ago
6

What would happen if I were to buy a truck for $50,000 and expense all of it during that period, rather than handle it the way t

he book recommends? What would it do to my Income Statement and Balance Sheet?
Business
1 answer:
Ivenika [448]3 years ago
3 0

Answer:

Income from operation will decrease by $50,000

Explanation:

given data

inventory of a manufactured = 5,000 units

to find out

effect on income from operations

solution

as we know that in the absorption costing both variable cost and fixed cost are included in the cost of production

so that as under variable costing only the variable manufacturing cost are included in the cost

and

if absorption costing is used the inventory level that will be increased  by10 ×  5000 =  $50,000

so Income from operation will decrease by $50,000

so correct option is c.$50,000 decrease

You might be interested in
Copper Corporation owns stock in Bronze Corporation and has net operating income of $900,000 for the year. Bronze Corporation pa
kow [346]

Answer:

C) $120,000

Explanation:

Since Copper corporation owns 65% of Bronze Corporation, its dividends received deduction (DRD) is 80% of the dividends received.

  • stake at another corporation is less than 20%, DRD = 70%
  • stake at another corporation is between 20% to 80%, DRD = 80% (Copper's case)
  • stake at another corporation is higher than 80%, DRD = 100%

Therefore, if Copper received $150,000 in dividends from Bronze, it can deduct 80% of that amount = 80% x $150,000 = $120,000

8 0
3 years ago
The top management of the company asks earl to make use of a rating scale that will rate the employees' actual job behaviors. th
ki77a [65]
What the managers are asking for steve to use is a <span>behaviorally anchored rating scale or most commonly called in the acronym as BARS. The numerical range of rating of this scale is between 5 to 9 which helps describe the type of performance incurred by the employee from poor to outstanding. This is used in the appraisal process of employees.</span>
5 0
3 years ago
A monopolistically competitive market A. is imperfectly competitive, and all imperfectly competitive markets are monopolisticall
Gala2k [10]

Answer:

D. is imperfectly competitive, but not all imperfectly competitive markets are monopolistically competitive.

Explanation:

Monopolistic competition may be seen as a variety of competition that determine the characteristics of variety of industries that are familiar to consumers in their day-to-day lives. For instance, restaurants, hair salons, clothing, and consumer electronics are all monopolistic competitive market but not all imperfectly competitive markets are monopolistically competitive.

4 0
3 years ago
Read 2 more answers
2. Explain how advertising and sales practices fed consumer demand during the late 1800s. What were the specific tactics used
erik [133]

Answer with its Explanation:

In the 1800s, advertising was done in local newspapers and in a number of magazines. The cost of advertising in newspapers was very high in those days because the only source of communication with the public was newspaper and magazines.

The designing of copying and opting to art was very common in those days which was adopted to attract key customers and placement of the advertisements in a specific place which would result in higher sales was also common to attract customer attention.

The telephone was invented in 1876, but still telemarketing started in 1970s. So the primary source of advertising and sales promotions was either by newspaper and magazines or face to face selling.

8 0
3 years ago
Read 2 more answers
The Dahle Manufacturing Company has two production departments (Assembly and Finishing) and two service departments (Human Resou
ikadub [295]

Answer:

$54,000

Explanation:

Calculation to determine what the amount of Human Resources cost allocated to the Assembly Department is:

Using this formula

Human Resources cost allocated to the Assembly Department=Human Resources budgeted costs* Human resource percentage

Let plug in the formula

Human Resources cost allocated to the Assembly Department=$90,000 x 60%

Human Resources cost allocated to the Assembly Department = $54,000

Therefore Using the step-down method and assuming the Human Resources Department is allocated first, the amount of Human Resources cost allocated to the Assembly Department is:$54,000

3 0
3 years ago
Other questions:
  • The ____ the existing spot price relative to the strike price, the ____ valuable the call options will be.
    9·2 answers
  • Exercise 8-07 At December 31, 2019, Pharoah Company Company had a credit balance of $18,100 in Allowance for Doubtful Accounts.
    14·1 answer
  • Fayol's Principles of Management provide an accurate description of what managers actually do on the job.​
    9·1 answer
  • The system requirement where all transactions must have audit trails would fall under which system requirement category? input p
    10·1 answer
  • Fees in 1st year Suppose Adrian and Clemens each Invest $10,000. Adrian Invests in an actively managed mutual fund that has an a
    15·1 answer
  • At December 1, 2017, Swifty Company's Accounts Receivable balance was $12770. During December, Swifty had credit sales of $34200
    7·1 answer
  • Which of the following options to buy a health insurance plan is BEST if you want to get savings on monthly premiums and other c
    11·1 answer
  • Fauver Industries plans to have a capital budget of $650,000. It wants to maintain a target capital structure of 40% debt and 60
    7·1 answer
  • If 11 workers can produce a total of 54 units of a product and a 12th worker has a marginal product of 6 units, then the average
    5·1 answer
  • The law of demand states that, other things equal: Select one: a. price and quantity demanded are inversely related. b. consumer
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!