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3 years ago

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Controllable margin is defined as A.sales minus variable costs. B.sales minus contribution margin. C.contribution margin less co

ntrollable fixed costs. D.contribution margin less noncontrollable fixed costs.

1 answer:

Naya [18.7K]3 years ago

5 0

Answer:

answer d is correct is correct

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This partnership was approached by a corporation that would like to acquire them by a stock acquisition. The partnership has no

Novosadov [1.4K]

Answer:a The corporation can make a public issue of shares to obtain capital to make the purchase. ( B) The accountant will open a temporary account called the business purchase account and the vendor account to record the purchase

Explanation:

a. When a corporation want to purchase a existing business ,the purchase price may be paid either totally in cash or partly in cash and partly in shares or in some cases totally in shares. The method of payment is arranged between the corporation and the existing business. If the company makes a public issue of shares to raise funds for the purpose of acquisition of the business. A statement in the prospectus to issue the shares that the vendor will be paid either totally or partly in shares boost the investors confidence in the business because they see it as a sign that the vendor has faith in the future prospect of the business under the new ownership. The shares allotted as consideration for the purchase becomes part of the issued capital of the company.

b. The temporary account and the vendor account would include the following

1.Dr the business purchase account

Cr the vendor account

With the agreed purchase price,and the allotment of shares or debenture as part of the purchase price

2. Dr the asset, including Goodwill if any to their respective account,

Cr the total value of asset taken over in one amount to the business purchase account

3. Dr the total value of liabilities taken over in one amount to the business purchase account

Cr the liabilities to their respective account

4. Dr vendor account

Cr the corporation capital account both with the purchase price when paid

5 0

3 years ago

The primary difference between a change in supply and a change in the quantity supplied is: Select an answer and submit. For key

kipiarov [429]

Answer:

D

Explanation:

A change in quantity supplied is as a result of a change in the price of the good. This change in the price leads to a movement along the supply curve. If price increases, there is an upward movement up along the supply curve and if there is a decrease in price, there is a movement down the demand curve.

A change in supply is caused by other factors other than price. Some of these factors include :

A change in the number of suppliers
The cost in the price of raw materials needed in the production of the good.

A change in supply leads to a movement outward or inward

3 0

3 years ago

Tanning Company analyzes its receivables to estimate bad debt expense The accounts receivable balance is $300 000 and credit sal

pentagon [3]

Answer: Bad Debt Expense 28,000 Allowance for Doubtful Accounts 28,000

Explanation:

Account receivable = 300,000

Percentage uncollectible = 10%

Current balance = 2000

Adjustment to allowance for uncollectible accounts is given by :

(Account receivable ×percentage uncollectible) - current balance

(300,000 × 10%) - 2000

(300,000 × 0.1) × 2000

30,000 - 2000 = 28,000

Therefore, adjustment should be :

bad debt expense debit 28,000

allowance for doubful account credit 28,000

6 0

4 years ago

because it produces and distributes a specific type of cultural product for public consumption to profit financially, a video ga

emmasim [6.3K]

Computer game organization Ubisoft is a Culture industry since it creates and circulates a particular kind of social item for public utilization, to monetarily benefit.

<h3>What kind of business is Ubisoft?</h3>

jubisft/; Ubisoft Entertainment SA English: [ ybisɔft]; formerly known as Ubi Soft Entertainment SA) is a French publisher of video games with development studios all over the world and a headquarters in Saint-Mandé.

<h3>Ubisoft produces what kind of games?</h3>

Ubisoft is a French video game developer with headquarters in Saint-Mandé. Ubisoft is well-known for developing Tom Clancy's Assassin's Creed, Far Cry, Just Dance, Prince of Persia, Watch Dogs, The Crew, TrackMania, Trials, and Rayman franchises. The company was founded in 1986 by five brothers.

To learn more about Culture industry here

brainly.com/question/17481460

#SPJ1

Full Question = Video game company Ubisoft is a ___ because it produces and distributes a specific type of cultural product for public consumption, in order to profit financially.

7 0

2 years ago

In Year 1, in a project to develop Product X, Lincoln Company incurred research and development costs totaling $10 million. Linc

snow_lady [41]

Answer:

Answer is explained in the explanation section below.

Explanation:

Data Given:

Research and Development Cost = $10 million

Research Phase Cost = $6 million

Development Cost = $4 million

Total Sales of Product X are estimated at more than = $100 million

Solution:

a.

1. IFRS:

Research cost of $6 million have been expensed in year 1 in case of IFRS.

Whereas, for year 2 developmental cost is reported as assets and amortization is recorded on the asset which is the 5th part of the developmental cost of $4 million.

$4,000,000/5 = $800,000

2. U.S. GAAP:

Under U.S. GAAP in year 1, total of $10 million have been expensed including both research and development cost.

Under U.S. GAAP in year 2, however, there is no asset reported and all the costs are expensed in year 1 hence, no impact on the income statement.

b.

Income: In year 1 under IFRS, income will be higher by $4 million ($10-$6)million before the implication of tax.

But for year 2 to year 5:

In case of IFRS, income will be lowered due to the amortization on the deferred development cost. It will decrease by $800,000.

The total assets and stock holder's equity under IFRS will be higher by the following amounts each of the years.

Year 1 $4,000,000

Year 2 $3,200,000

Year 3 $2,400,000

Year 4 $1,600,000

Year 5 $800,000

The above amount is decreased by $800,000 each year because of the amortization of asset.

5 0

3 years ago