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EastWind [94]
2 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]2 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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Q 2.3: mason corporation purchased a piece of land 5 years ago when the price of land was low. it plans to develop the land into
TiliK225 [7]

On their classified balance sheet, Mason Corporation would classify this land as  <u>"a long term investment".</u>


A long-term investment refers to an account on the asset side of an organization's monetary record that speaks to the organization's speculations, including stocks, bonds, land and money, that it expects to hold for over a year. The long-term investment account varies to a great extent from the short-term investment in that the transient speculations will no doubt be sold, while the long haul speculations may never be sold.

4 0
3 years ago
In the traditional labor model, the amount that an additional worker hired adds to the revenues of the firm is called the _____
Aloiza [94]

Answer:

The correct answer is marginal product.

Explanation:

The marginal product of labor is the change in the output or total product because of hiring an additional unit of labor. In other words, the amount that an additional worker adds to the revenue is its marginal product.  

It can be expressed as,

MP_{L} \ =\ \frac{\Delta Y}{\Delta L}

The marginal product of labor depends on the quantity of capital and labor already employed.

5 0
3 years ago
Zohrina is a top manager at her current company. However, she is leaving the company for a better job at a competing firm. Which
alexgriva [62]

Answer:

Voluntary Turnover

Explanation:

The kind of turnover that is represented in this scenario is <u>voluntary turnover</u>. Voluntary turnover is a kind of turnover that transpires when employees freely want to leave their jobs. Employees might want to depart their works for an assortment of purposes. They may feel disappointed with their job or their payment either they may be exploring a profession change rather they may have acquired different offers.

8 0
3 years ago
You and the HR manager, along with suggestions from the branch manager, must determine if background checks on all employees are
sergey [27]

Answer:

Terminate his employment

Explanation:

Based on the fact and information, Tibbits should be discharged from employment for his failure to disclose this relevant conviction. As a convicted offender, he is considered in the eyes of the  law to be high-risk and should not be allowed to enter unsuspecting clients’ homes.  It would be the company's liability if he acts non professionally and inappropriately at a jobsite.

7 0
3 years ago
During the past year, a company had cash flow to creditors, an operating cash flow, and net capital spending of $30,026, $67,603
larisa86 [58]

Answer: $6,834

Explanation:

Given the following ;

Cash flow to creditors = $30,026

Operating Cashflow = $67,603

Net capital spending = $28,760

Beginning net working capital = $11,917

Ending working capital = $13,900

Therefore,

Net working capital = Ending working capital - beginning working capital

Net working capital = $(13,900 - 11,917) = $1,983

Cashflow from asset = (operating Cashflow - Net capital spending - net working capital)

Cashflow from asset = $67,603 - $28,760 - $1,983 = $36,860

Therefore,

Company's Cashflow to stockholders during the year = (Cashflow from asset - Cashflow to creditors)

$36,860 - $30,026 = $6,834

6 0
3 years ago
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