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EastWind [94]
3 years ago
10

the true statement from the list below, regarding the Contribution Format Income statement. Multiple Choice The Contribution For

mat Income Statement could be prepared by someone external to the company just by using the reported GAAP Traditional Income Statement. The Contribution Format income statement is utilized only for external reporting purposes. The Contribution Format Income Statement is utilized for internal decisionmaking purposes. The format of the Contribution Format Income statement begins as: Sales minus Cost of Goods Sold equals Contribution Margin.
Business
1 answer:
Alex Ar [27]3 years ago
5 0

Answer:

The Contribution Format Income Statement is utilized for internal decision-making purposes.

Explanation:

The contribution format income statement is a most and useful tool for the planning and decision-making as it represents the revenue that is produced after subtracting the variable and fixed expenses. So it would be utilized for the decision-making motive for internal.

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The Solar Calculator Company proposes to invest $5 million in a new calculator-making plant that will depreciate on a straight-l
Harrizon [31]

Answer:

The Break-even annual sales= $2,222,222.22

Explanation:

<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>

Contribution margin ratio = (20-5)/20=75%

Break-even (units) = Total general fixed cost /(selling price- variable cost)

                              = 5,000,000/75%

                            =  $6,666,666.67

The annual sales = $6,666,666.67/3 =   $2,222,222.22  

The Break-even annual sales= $2,222,222.22

8 0
3 years ago
Which strategy works best to help people feel more comfortable in meetings?
kogti [31]
Your answer: "<span>encourage everyone to listen attentively".

As you are to do this, this would then make the person feel great, as in comfortable, and welcomed. You would also want for them to feel welcomed, make sure that you would speak with good manner, and also, as you are to do this, these people may even attend future meetings without a invitation, and therefore, this would then allow for them to feel free in the meetings they would be attending.</span>
3 0
3 years ago
Read 2 more answers
Primara Corporation has a standard cost system in which it applies overhead to products based on the standard direct labor-hours
marysya [2.9K]

Answer:

See below

Explanation:

1. Predetermined overhead rate

= Total fixed overhead cost for the year / Budgeted standard direct labor hour

Predetermined overhead rate = $530,400 / 68,000

Predetermined overhead rate

= $7.8 per direct labor hour

2. i. Fixed overhead budget variance

= Actual fixed overhead - Budgeted fixed overhead

= $521,000 - $530,400

= $9,400 favourable

ii Fixed overhead volume variance

= Budgeter fixed overhead - Fixed overhead applied to work in process

= $530,400 - (66,000 × $7.8)

= $530,000 - $514,800

= $15,200 unfavorable

3 0
3 years ago
which of the following is a benefit of a college education? A. You collect social security benefits at an earlier age than a hig
slega [8]

Answer:

The correct option is;

B. You have an increased chance of financial stability

Explanation:

The advantages of going to college includes;

1) College graduates make more salary on average

2) Holding a college degree improves career stability

3) Improved job satisfaction

4) Improved financial know how on savings and investment

5) Stable marital life

6) College graduate are able to be better citizens, by their willingness and ability to contribute meaningfully whenever a volunteer requirement

5 0
3 years ago
The price elasticity of supply is affected by
valentina_108 [34]

Answer:

B. the passage of time. 

Explanation:

Price elasticity of supply measures how sensitive quantity supplied are to changes in price.

Price elasticity of supply is determined by the passage of time.

Typically, in the short run, the elasticity of supply is usually inelastic. Prices do not usually impact quantity supplied because in the short run, some of the factors of production are fixed. But in the long run, the price elasticity of supply are more elastic.

The other factors listed above in the options affect the price elasticity of demand.

4 0
3 years ago
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