Which of the following statement is false?

"The objective of external auditing is to provide opinions on the reliability of the financial statements and provide opinions o

muminat

Answer:

A. True

Explanation:

4 0

2 years ago

In economics, if a good is inelastic

IRISSAK [1]

Explanation:

Let us understand the term what is elastic & "inelastic".

Elastic: It is the change in the behavior of the buyer & the seller when the product price changes.

Elastic goods will always have an substitute.

Example: Books, pencil, Notebook, bread, etc,

Inelastic means: This is opposite of elastic. There will be same number of buyers when the price goes up or down.

Whether the price gets raise or lower daily we need food. So food is inelastic.

Eg. food, prescription drugs, and tobacco products

6 0

2 years ago

What is the meaning of remittance

HACTEHA [7]

a sum of money sent or in payment for goods or services or as a gift.

5 0

3 years ago

Read 2 more answers

Nibbles pet food corporation is in the process of developing its new market strategy. the marketing team has already established

Semmy [17]

The marketing team need to "create a promotion strategy to increase customer awareness."

Promotion is the point at which a business chooses which types of communication it needs to use in their marketing plan. Research is done that points of interest statistical surveying, division, and spending plan. Huge organizations may complete a national crusade, particularly if the brand is as of now well-known to the purchaser. Littler organizations, with less assets, may utilize coordinate offering until the point when they have a bigger spending plan for advertising.

5 0

3 years ago

Olongapo Sports Corporation distributes two premium golf balls—Flight Dynamic and Sure Shot. Monthly sales and the contribution

Strike441 [17]

Answer:

Product Flight Dynamic Sure Shot Total

Sales $660,000 $340,000 $1,000,000

CM ratio 63% 78% 68.1%

Contribution margin $415,800 $265,200 $681,000

Fixed expenses ($589,500)

Operating income $91,500

1. Prepare a contribution format income statement for the company as a whole.

Revenue $1,000,000

Variable costs ($319000)

Contribution margin $681,000

Period costs ($589,500)

Operating income $91,500

2. What is the company's break-even point in dollar sales based on the current sales mix?

break even point = fixed costs / CM ratio = $589,500 / 0.681 = $865,638.77

3. If sales increase by $59,000 a month, by how much would you expect the monthly net operating income to increase?

operating income would increase by $59,000 x 0.681 = $40,179

4 0

3 years ago