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3 years ago

A closeout report is primarily used to

Business

1 answer:

BigorU [14]3 years ago

8 0

Answer:

draft the summary of a project plan and the performance efficiency of it.

Explanation:

A closeout report is primarily used to "draft the summary of a project plan and the performance efficiency of it."

Closeout report is a means of preparing an analysis of a project plan, including the result, in which the differences, pros, and cons, are listed out.

It also contains the performance rating or measure to determine the level of success of a project plan.

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What would be the degree of financial leverage for Under A Cloud Skydiving School if the company will have earnings before inter

OLga [1]

Answer:

Degree of Financial Leverage = 0.64

Explanation:

Degree of Financial leverage refers to the proportion of debt in the capital structure of a company. It also signifies earnings for shareholders i.e per share earnings of shareholders (EPS) with respect to operating income earned by a company.

In the given case, eps before = $1.25

eps afterwards = $1.37

Degree of financial leverage is expressed as:

$DFL =\ \frac{Percentage\ change\ in\ EPS}{Percentage\ change\ in\ EBIT}$

Wherein,

EPS = Earnings per share

EBIT = Earnings before interest and taxes

Percentage change in EPS = $\frac{1.37\ -\ 1.25}{1.25}$ = 9.6%

Percentage change in EBIT = 15%

Hence Degree of Financial Leverage = $\frac{9.6}{15}$ = 0.64

3 0

4 years ago

Kenzi kayaking a manufacturer of kayaks began operations this year. During this first year the company produced 1075 kayaks and

valina [46]

Answer:

<u>Income Statement for the Current Year under Variable Costing</u>

Sales (825 × $1,075) $886,875

Less Cost of Sales

Opening Stock $0

Add Cost of Goods Manufactured ( 1075 × $400) $430,000

Less Closing Inventory (250 × $400) ($100,000) ($330,000)

Contribution $556,875

Less Expenses :

Fixed Manufacturing Overheads ($107,500)

Selling and administrative expense : Variable ($75,000)

Selling and administrative expense : Fixed ($135,000)

Net Income / (Loss) $239,375

Explanation:

Under variable costing, only variable costs of production are included in cost of goods sold. Both the Non - Production and Fixed Production Costs are treated as Period Cost Expensed during the year.

7 0

3 years ago

Ajax Company presently leases a copy machine on a monthly basis. The lease agreement requires a fixed fee each month in addition

DedPeter [7]

Answer:

Variable cost per copy =$ 0.03

Explanation:

The high and low techniques helps to analyse a cost into its variable and fixed cost component.

The formula is given below:\

Variable cost per copy = (cost at high act. - cost at low act)/(high act - low act)

Fixed cost = cost at high activity - (Vc/copy × high act)

VC per copy = ( 195 - 162)/(3500-2400) copies

=$ 0.03 per copy

Total fixed cost = 195 - (0.03× 3500)

= 195 - 105

=$90

5 0

4 years ago

How do insurance plans offered by employers benefit employees even when employers do not pay any of the costs?

Sonja [21]

Benefits For employees.

Employees advantage access to less costly healthcare that they'll otherwise have been not able to access. treatment for the persistent ailment. Many plans provide access to mental fitness treatments and chiropractic services, which are often not to be had via the cheapest man or woman plans.

A plan is the pairing of the medical insurance coverage benefits under a. product and a selected price-sharing shape, company network, and. provider area. The product contains all plans offered in the product.

Most specialists agree that life, health, long-term incapacity, and auto insurance are the 4 forms of insurance you need to have. usually check together with your employer first.

Learn more about insurance plans here

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7 0

2 years ago

A company's activities for year two included the following: Gross sales $3,600,000 Cost of goods sold 1,200,000 Selling and admi

slava [35]

Answer:

$1,273,300

Explanation:

The computation of the net income is shown below:

= Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment - income tax expense

where, income tax expense would be

= ( Gross sales - sales returns - Cost of goods sold - Selling and administrative expense - prior-year understatement of amortization expense + Gain on sale of stock portfolio securities + Gain on disposal of a discontinued business segment) × income tax rate

= ($3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000) × 30%

= $545,700

So, the net income would be

= $3,600,000 - $34,000 - $1,200,000 - $500,000 - $59,000 + $8,000 + $4,000 - $545,700

= $1,273,300

8 0

3 years ago