Answer:
$1,890,000
Explanation:
Calculation to determine what income (loss) is reported in 2021
2021 Reported Income loss=[$2,700,000-($2,700,000 × 30%)]
2021 Reported Income loss=($2,700,000-$810,000)
2021 Reported Income loss=$1,890,000
Therefore the income (loss) that is reported in 2021 will be $1,890,000
When Brad John talks about the fact that he is going to have to create different financial plans depending on the amount of business the company is bringing in, he is referring to a cash flow plan. It estimates short and long-term expenses against projected incoming cash. This is a form of anticipation through creating cushion intended for unexpected expenses.
Answer:
True.
Explanation:
Managerial accounting involves managers using accounting information to better inform themselves before making business decisions. It involves analysing, interpreting and communicating financial data to managers to aid in achievement of organisation's goals.
Managerial accounting is for internal use in the business. Data is modified to meet specific need of the end-user. For example a manager may want to see sales figures for a quarter compared to business target. This will give an idea if the business is meeting it's objectives.
Answer:
$62.00
Explanation:
Given data (Twersky Wedding):
Size-related: $1.15/guest
Complexity-related: $28.24/ tier
Order-related: $74.74/order
Guests: 120
Tiers 5
Order 1
Calculations:
Size related ($1.15 per guest × 120 guests): $138.00
Complexity-related ($28.24 per tier × 5 tiers): $141.20
Order-related ($74.74 per order × 1 order): $74.74
Cost of purchased decorations for cake: $54.66
______________________________________________
Total cost $408.60
Charges $470.60
Overall margin = Charges - Total cost = $470.60 - $408.60 = $62.00
Hope this helps!
