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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

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Suppose that Xtel currently is selling at $66 per share. You buy 500 shares using $20,000 of your own money, borrowing the remai
hram777 [196]

Answer:

The percentage loss will be "-9.08%". The further explanation is given below.

Explanation:

The given values are:

Invested amount

= 20,000

Price of purchase

= $66

Total number of shares

= 500

The borrowed amount will be:

= (500\times 66)-20000

= 13,000

When the price increase to 69.63, the gain will be:

= 69.63-66

= 3.63 ($)

The total gain will be:

= 3.63\times 500

= 1815

Increase in percentage will be:

= \frac{1815}{20,000}\times 100

= 9.08%

Whereas if price stays quite well at $66, there is really no increase, so the percentage growth would be 0%.  

If the price declines toward a loss of 62,37 per share:

= 62.37-66

= -3.63

Now,

The total loss will be:

= -3.63\times 500

= -1815

The percentage loss will be:

= \frac{-1815}{15,000}

= -9.08 (%)

8 0
3 years ago
A cement manufacturer has supplied the following data: Tons of cement produced and sold 275,000 Sales revenue$979,000 Variable m
tresset_1 [31]

Answer:

65%

Explanation:

Given that

Sales = $979,000

Variable manufacturing expense = $232,000

Variable selling and administrative expense = $110,650

The computation of contribution margin ratio is shown below:-

Contribution margin ratio = (Sales - Variable manufacturing expense - Variable selling and administrative expense) × 100 ÷ Sales

= ($979,000 - $232,000 - $110,650) × 100 ÷ $979,000

= ($979,000 - $342,650) × 100 ÷ $979,000

= $636,350 × 100 ÷ $979,000

= 65%

3 0
3 years ago
Another word for Interpersonal Communication is Question 2 options: a) face-to-face communication b) dyadic communication c) par
SpyIntel [72]

Another word for interpersonal communication is FACE TO FACE COMMUNICATION. The correct option is A.

Interpersonal communication is a face to face communication process through which people exchange information and express their feelings either verbally or non verbally. Interpersonal communication is a two way communication and the skill of listening is very important in this type of communication. Face to face communication plays a crucial role in building up and maintaining relationships with people. It is a very important concept which one must master in order to be a good team player and a sociable person.  

6 0
3 years ago
Stuart, a CFE, is investigating a possible management fraud. He found an email on an employee's computer to use as evidence in t
Black_prince [1.1K]

Answer:

<em>Documentary evidence  </em>

Explanation:

<em>CFAs resolve fraud allegations  by taking statements, obtaining evidences and writing reports, testifying crimes and  by assisting in the detection and prevention of white collar crimes. </em>

Any evidence that can be used at  a trial as documents are called documentary evidence, it generally means the wrings on paper such as a will, contract or invoice. Tape recordings, photographs printed documents, emails and spreadsheets can also be considered documentary evidence. Although  authenticity of genuine evidence needs to be proved  

If a document is produced for other purpose instead of the examination of the contents of the document it is not considered to be a documentary evidence.  

e.g if a letter is produced during the trial to prove that the author of letter was shot by the defendant then it would be considered as documentary evidence but a film of the incident or a written description of this incident by an eye witness would be considered as documentary evidence.

5 0
3 years ago
A difference between the static budget and the flexible budget is called the ________. a. total variance. b. volume variance. c.
Sphinxa [80]

Answer:

b. volume variance.

Explanation:

Volume variance can be defined as the difference between the static budget and the flexible budget.

It mainly occurs as a result of the difference between the actual volume and the budgeted volume derived from the static budget.

5 0
4 years ago
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