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3 years ago

Consider the following comments about absorption- and variable-costing income statements:

Business

1 answer:

GrogVix [38]3 years ago

7 0

Answer:

E) I, II, and III.

Explanation:

Variable costing can be regarded as a concept of managerial accounting cost

whereby during the period of producing the product there is incurred

manufacturing overhead.

Absorption costing income statement, utilize absorption costing when creating income statement. The income statement focus on the cost through sectioning of cost into period cost and product.

It should be noted that

I. A variable-costing income statement discloses a firm's contribution margin.

II. Cost of goods sold on an absorption-costing income statement includes fixed costs.

III. The amount of variable selling and administrative cost is the same on absorption- and variable-costing income statements.

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In a fast-moving environment where job analysis must accommodate change, many organizations may adopt a ____, where the emphasis

svp [43]

In a fast-moving environment where job analysis must accommodate change, many organizations may adopt a ____, where the emphasis is placed on characteristics of successful performers rather than standard duties.

dynamic job analysis

7 0

3 years ago

Lisa Richter deposited $5,000 at 4% compounded semiannually for three years. At the beginning of the fourth year, Lisa deposited

Contact [7]

Answer:

Answer is option (d) $8,424

Explanation:

The total amount Lisa Richter will receive after the end of the first 3 years can be expressed using the formula for calculating the total amount after 3 years with interest compounded semiannually is as follows;

A = P (1 + r/n)^(nt)

where;

A = the future value of the initial investment

P = initial investment amount/principal amount

r = the annual interest rate

n = the number of times that interest is compounded per unit t

t = the time the money is invested for

In our case;

P=$5,000

r=4/100=0.04

n=interest is compounded semiannually which is twice a year=2

t=3 years

Replacing values in the formula;

A=5,000(1+0.04/2)^(2×3)

A=5,000(1+0.02)^6

A=5,000(1.02)^6

A=$5,630.81

Total amount after the end of the first 3 years=$5,630.81

To calculate the total principal amount for the fourth year;

Total principal amount=Total amount after 3 years+Amount deposited at the beginning of the fourth year

where;

Total amount after 3 years=$5,630.81

Amount deposited at the beginning of the fourth year=$2500

replacing;

Total principal amount=(5,630.81+2500)=8,130.81

Using the formula;

A = P (1 + r/n)^(nt)

P=$8,130.81

r=4/100=0.04

n=compounded semiannually=2

t=1 year

replacing;

A=8,130.81(1+0.04/2)^(2×1)

A=8,130.81(1.02)^2

A=8,459.29

Option (d) $8,424 is closer to 8,459.29, take answer as (d) $8,424

7 0

3 years ago

Modesto broker Killian Johnson has just received a money deposit and the related instructions from the buyer, Luis Alverez. Whic

Angelina_Jolie [31]

Answer:

B) Deposit into Killian’s account, then figure out his commission, deduct that number to arrive at the final amount (due to the principal) and then write a check to the principal for the monies due to him, within 3 business days.

Explanation:

Killian can deposit the money in the principal's account, in an escrow account or even deposit it in the broker's trust fund, whatever suits his mind or has been previously agreed with the seller, but he cannot keep the money for himself. Killian can only collect his commission once the sale has been completed.

There is no such thing as commissions in advance, since there is always the possibility that the deal is not completed, e.g. the house might burn down, the banking system may completely collapse, the buyer or seller might die, etc. Even though the possibility of extreme events occurring may be very low, it still exists.

5 0

3 years ago

Elite Trailer Parks has an operating profit of $200,000. Interest expense for the year was $10,000; preferred dividends paid wer

11Alexandr11 [23.1K]

Answer:

a. Earnings per share = (Operating profit - Interest expense - Tax - Preferred dividends) / Common stock outstanding

Earnings per share = ($200,000 - $10,000 - $61,250 - $18,750) / $20,000

Earnings per share = $110,000 / 20,000 Shares

Earnings per share = $5.5 per share

Common dividends per share = Dividend paid / Common stock outstanding

Common dividends per share = $30,000 / 20,000 Shares

Common dividends per share = $1.50 per share

b. What was the increase in retained earnings for the year?

Increase in retained earnings = $110,000 - Common dividend paid

Increase in retained earnings = $110,000 - $30,000

Increase in retained earnings = $80,000

So, the increase in retained earnings for the year is $80,000.

3 0

3 years ago

Linda is the manager of a graphic design company. Her IT team asked for her consent to upgrade the editing software used by empl

Ksenya-84 [330]

The human compromise that has made Linda to change her decision in upgrading the editing software due to the systems crashed that was caused by previous upgrade is Recency Syndrome.

The recency effect can be regarded as tendency to remember the action or effect of most recently presented information best.

This syndrome always helps manager to learn from past mistakes so that he can avoid it next time. If not for this syndrome, Linda could have gave in for the upgrade, but she was afraid of crashing of the system.

Therefore, Recency Syndrome is the correct term that describe Linda behaviors.

Learn more at: brainly.com/question/9782041?referrer=searchResults

6 0

2 years ago