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2 years ago

Match the descriptions to the appropriate accounting terms.

Business

1 answer:

ryzh [129]2 years ago

7 0

Answer:Um so I DONT KNOW ASK UR MOM OR UR DAD MAN SRRY DONT KNOW THIS ONE IM IN 5 GRADE SRRY

Explanation:

SRRY.;(

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Most companies allocate facility-level activity costs directly to products for decision-making purposes.True or false?

Finger [1]

Answer:

False

Explanation:

Facility-level costs are being the type of activity based cost activities and it simply sustains a facility’s general manufacturing process. We can say some samples about this type of costs:

1) The costs about depreciation or rent of a factory building

2) The costs about salary of a plant manager

3) The costs about insurance, taxes, etc.

4) The costs about training

As you see all about this cost mentioned only in manufacturing processes not in decision making.

4 0

3 years ago

1. (30 points) Please elaborate what will happen to Net Earnings to Sales and Net Earnings to Total Book Assets when you observe

marta [7]

Answer:

Impact on Net Earnings to Sales and Net Earnings to Total Book Assets:

a) A company's Net Earnings to Sales and Net Earnings to Total Book Assets will increase due to the 30% increase in sales. This result will be different with an increase by a similar margin in the Cost of Goods Sold.

b) Net Earnings to Sales and Net Earnings to Total Book Assets will decrease by 30% as a result of the increase in Property, Plant, and Equipment, because this increase also increased the operating and administrative expense (depreciation), even though Sales and Cost of Goods Sold remained constant.

Explanation:

The net earnings to sales is an expression of the ratio of the net income to the sales revenue. The net earnings result after deducting all costs from sales revenue. The net earnings to total book assets are the same expression as the Return on Assets.

6 0

3 years ago

Adams Co. reports the following balance sheet accounts as of December 31. Salaries payable $ 6,800 Retained earnings $ 58,000 Bu

krek1111 [17]

Answer:

Adams Co.

Balance Sheet as of December 31.

Assets

Current Assets

Cash $32,000

Accounts Receivable $12,000

Merchandise Inventory $15,600

Office Supplies $3,600

Prepaid Rent $7,800

Prepaid Insurance $4,600

Total Current Assets $ 75,600

Property, Plant and Equipment

Land $38,000

Building $67,800

Accumulated Depreciation $(6,600) $61,200

(Buildings)

Total Assets $ 174,800

Liabilities

Current Liabilities

Accounts Payables $18,000

Salaries Payable $6,800

Total Current Liabilities $24,800

Long term Liabilities 

Notes Payable $46,000

Mortgage Payable $28,000

Total Long term Liabilities $74,000

Total Liabilities $98,800

Stockholder's Equity

Common Stock $18,000

Retained Earnings $58,000

Total Stockholder's Equity $76,000

Total Liabilities & Stockholder's Equity $174,800

4 0

3 years ago

Su Industries has international subsidiaries in Asia. These subsidiaries enter into transactions in both the US dollar and local

Savatey [412]

Answer: Increase / Gain of $36,000

Explanation:

Remeasurement loss, which arises from conversions of the various currencies used by the company to a functional currency, goes to the Income statement and is subtracted from the Net income.

Translation gains on the other hand, are added to the Other Comprehensive income.

The other comprehensive income will therefore increase by the translation gain of $36,000.

5 0

2 years ago

Variations in each product a firm markets in its mix are referred to as the _____ of its product mix.

Allisa [31]

Answer: "depth" .
____________________________________

3 0

3 years ago