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3 years ago

When independent measurers get similar results when using the same accounting measurement methods, the financial information is:

Business

1 answer:

Deffense [45]3 years ago

6 0

Answer: verifiable

Explanation:

A financial information is verifiable when the independent measurers get similar results when using the same accounting measurement methods.

In this scenario, the independent measures use thesame method but do their work separately without them knowing the results gotten by the other person. When there's similarity in the results, it shows that the results are verifiable.

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Shannon’s has developed a super-premium craft beer to be marketed as Shannon’s Irish Stout. The cost of production (brewing, can

Arte-miy333 [17]

Answer:

$4.48

Explanation:

If Shannon needs to make a 12% markup based on cost, to obtain her minimum selling price to her distributor Miller of Denton, simply multiply the production cost per unit by 100% plus the desired markup.

If it costs her $4.00 to produce a six pack, her selling price should be:

$P=1.12*\$4.00\\P=\$4.48$

She should charge $4.48 per six pack.

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3 years ago

Steeler Corporation is planning to sell 100,000 units for $2.00 per unit and will break even at this level of sales. Fixed expen

Doss [256]

The company's variable expenses per unit is 1.25

<h3>What is breakeven?</h3>

Breakeven is a point at which neither profit nor loss is made. It is used to determine the number of units or dollars of revenue needed to cover total costs.

Number of units to sell = 100,000

Price per unit = 2

Fixed expense = 75000

At break even point :

Revenue = total expenses

Total expenses

= fixed cost + variable cost

Let variable cost = x

Revenue

= units to sell * price per unit

Revenue

= 100,000 * 2

= 200,000

Hence,

Fixed cost + variable cost = Revenue

75000 + x = 200,000

x = 200, 000 - 75000

x = 125,000

Variable cost = 125,000

The variable expense per unit is thus :

Variable expense / number of units

= 125,000 / 100,000

= 1.25 per unit

Hence, the company's variable expenses per unit is 1.25

Learn more about break even here: brainly.com/question/9212451

7 0

2 years ago

How do you redeem a winning ticket lottery?

EastWind [94]

Answer:

4 Steps to Claim PCSO Lotto Prize

Go to the PCSO Main Office. Present two valid IDs (preferably signature-bearing government-issued IDs) and the winning ticket to the Prize Claim section of the Accounting and Budget Department. Fill out the required forms. Wait for the ticket to be validated.

Explanation:

No choices here

6 0

3 years ago

Read 2 more answers

How long should sales records such as invoices and monthly statements be stored?

a_sh-v [17]

Answer:

9 years

Explanation:

Invoices and monthly statements are financial records of a company. Such records are subject to audit and tax queries. Typically, tax and audit queries arise after transactions and the financial year has been concluded. Sometimes, it may take years to conclude audit or tax queries.

Nine years is considered an ideal time to store such records. It is ample time to allow for any references to audit, tax, or any other query.

7 0

3 years ago

Read 2 more answers

On June 3, Swifty Company sold to Chester Company merchandise having a sale price of $3,300 with terms of 2/10, n/60, f.o.b. shi

goldfiish [28.3K]

Answer:

The Journal Entry and their narrations is shown below:-

Explanation:

The Journal entry is shown below:-

a. 1.Accounts Receivable Dr, $3,300

To Sales $3,300

(Being sales is recorded)

Cash Dr, $3,234

Sales Discount Dr, $66

(3,300 × 2%)

To Accounts Receivable $3,300

(Being Payment received is recorded)

2. Accounts Receivable Dr, $3,234

=(3,300 × 0.98)

To Sales $3,234

(Being sales is recorded)

Cash Dr, $3,234

To Accounts Receivable $3,234

(Being payment received is recorded)

b. Cash Dr, $3,300

To Accounts Receivable $3,234

To Sales Discounts Forfeited 66

(Being payment received is recorded)

4 0

3 years ago