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2 years ago

Classification shifting by managers leads to under-reporting of total expenses and over-statement of bottom-line net income.

Business

1 answer:

Step2247 [10]2 years ago

4 0

Answer: False

Explanation:

Classification shifting is a method used whereby the core earnings are manipulated by misclassifying the items in the income statement.

One way that managers make use of classification shifting is by reporting the operating expenses for the business as nonoperating expenses. This is usually done in order to inflate the operating income.

The statement in the question is false as classification shifting by managers doesn't lead to under-reporting of total expenses and over-statement of bottom-line net income rather it lead to over reporting.

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Marc and Michelle are married and earned salaries this year of $71,600 and $14,850, respectively. In addition to their salaries,

kompoz [17]

Answer and Explanation:

Adjusted gross income abbreviated AGI is the tax payers gross income minus deductions used in arriving at taxable income(AGI less allowable deductions)

Please find attached calculations for gross income and AGI for the couple

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3 years ago

A company is considering two designs for a machine in its manufacturing line. The first, called machine A, will cost $160000 in

ExtremeBDS [4]

Answer:

The indifference point is 1,410 units

Explanation:

Giving the following information:

Machine A:

Fixed costs= $160,000

Unitary variable cost= $80

Machine B:

Fixed costs= $270,000

Unitary variable cost= $2

First, we need to structure the total cost formula for each machine:

Machine A= 160,000 + 80x

Machine B= 270,000 + 2x

x= number of units

Now, we equal both formulas and isolate x:

160,000 + 80x = 270,000 + 2x

78x = 110,000

x= 110,000/78

x= 1,410 units

The indifference point is 1,410 units

6 0

3 years ago

Phone Tech, a global phone company, frequently needs to respond quickly to fast-changing consumer tastes with its smartphones. T

Elodia [21]

Answer:

The correct answer is: Organic organizational structure

Explanation:

Organic organizations, also known as the organismic organization, is a flexible organizational structure that is capable of adapting the incorporated changes.

In such an organization, there is minimum job specialization and hierarchy. The workers of an organic organization have no job descriptions and rigid procedures. It contains multi-talented workers that are capable of performing variety of tasks.

Therefore, an organic organization is the most adaptive organizational structure as it can quickly adapt and respond to changes in environment.

Therefore, Phone Tech is utilizing an organic organizational structure.

8 0

3 years ago

Which of the following is considered a purchase tax?

Butoxors [25]

I believe the answer is: D. excise tax

Purchase tax refers to the tax that must be paid by the buyer whenever they purchase a certain product. One of the example would be an excise tax.

Excise tax is the tax that buyers must paid when we buy a product that create some sort of negative effect to the society or environment. Example of an excise tax would be gasoline tax.

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3 years ago

Your teammates, Sara and Juan, are having difficulty cooperating with one another even though their individual assignments are h

Airida [17]

Answer:

Sara and Juan (Uncooperative Teammates)

The action that is least likely to improve their cooperation is:

4) Reassign their tasks so that they are working on very different aspects of the team’s project.

Explanation:

Option 4 makes it impossible for Sara and Juan to come together or work on an aspect of the team's project. It is the most unlikely way of improving cooperation between the two. If they continue being unwilling to work together, the team's productivity and morale will deteriorate. Resentment will grow as costs are overrun, causing loss of business and weakened workplace culture. Overall, the team will not be able to achieve its goals because the poor relationship will gradually permeate the team's spirit.

7 0

3 years ago