Answer:
calculates contribution margin while the absorption costing income statement calculates gross margin
focuses on fixed and variable expenses, while an absorption costing income statement focuses on period and product costs
Explanation:
variable costing income statement can be regarded as statement whereby all variable expenses are been removed from revenue so that separately-stated contribution margin can be gotten. And all fixed expenses are also removed so that net profit/ loss for that particular period can be known. While absorption costing income statement utilize absorption costing in creating
income statement.
A variable costing income statement are:
1. Calculates contribution margin
3. Does not include fixed manufacturing overhead, which is included on an absorption costing income statement
What is a variable costing income statement?A variable costing income statement is a financial statement that calculates and presents the costs and expenses associated with a company's products or services using the variable costing method. Variable costing, also known as direct costing or marginal costing, is an accounting method that categorizes costs as either fixed or variable based on their behavior.
In a variable costing income statement, only variable costs are considered as product costs and included in the cost of goods sold (COGS) calculation. Variable costs are expenses that change in direct proportion to the level of production or sales. They include direct materials, direct labor, and variable overhead costs.
Fixed costs, on the other hand, are not allocated to the cost of goods sold but are treated as period expenses. Fixed costs are expenses that do not vary with the level of production or sales, such as rent, salaries of administrative staff, and depreciation of fixed assets.
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A portfolio manager has maintained an actively managed portfolio with a beta of 0.2. During the last year the risk-free rate was 5% and equities performed very badly providing a return of −30%. The portfolio manage produced a return of −10% and claims that in the circumstances it was good.
Answer: See explanation
Explanation:
The formula to use here will be:
required rate = risk free rate + beta × (market return - risk free rate).
where,
risk free rate = 5%
beta =0.20.
market return = -30%.
Therefore,
required return = 5% + 0.20 × (-30% + -5%)
= 5% + 0.2(-35%)
= 5% - 7%
= -2%
Therefore, the return on portfolio should have been -2% but the portfolio manager produced a return of −10%
Since -10% is lower than -2%, we can deduce that the claim of the manager is wrong.
Suppliers want to sell large quantities of products with a high
Answer:
price
Explanation:
supplier will be willing and able to sell products for high prices as their able to make a good profit
You are a struggling song writer. You hear a group on the radio singing a song
that you wrote with a friend who is now managing the band. You want to
make sure you are not cheated out of your creative work. You have tried to
talk to the band but they won't respond. What writ would effectively stop the
band from earning income on that song until the problem is remedied?
A. A mandatory injunction
O B. A permanent injunction
O C. A restraining order
O D. Punitive damages
My
Answer:
did you copyright the song because i think you cant do nothing to the band being manage b your best friend will
Explanation:
Answer:
B. A permanent injunctionExplanation:
Lenox Company has the following financial data: 2020 2019 Assets Current Assets: Cash and Cash Equivalents $ 2,000 $ 1,900 Accounts Receivable 2,800 1,600 Merchandise Inventory 1,200 1,000 Prepaid Expenses 1,300 2,100 Total Current Assets 7,300 6,600 Other Assets 16,000 15,000 Total Assets $ 23,300 $21,600 Liabilities Current Liabilities $ 7,000 $ 8,000 Long-term Liabilities 4,000 3,500 Total Liabilities 11,000 11,500 Stockholders’ Equity Common Stock, no par $ 6,500 $ 4,300 Retained Earnings 5,800 5,800 Total Stockholders’ Equity 12,300 10,100 Total Liabilities and Stockholders’ Equity $ 23,300 $ 21,600 2020 Net Sales $ 40,000 Cost of Goods Sold 9,000 Gross Profit 31,000 Operating Expenses 16,000 Operating Income 15,000 Interest Expense 300 Income Before Income Taxes 14,700 Income Tax Expense 2,400 Net Income $ 12,300 What is Lenox Company’s days sales in receivable?
Answer:
25.55 days
Explanation:
Days Sales in Receivable = Accounts Receivable ÷ (Sales / 365)
therefore
2020 = $2,800 ÷ ($ 40,000 / 365) = 25.55 days
The United States Congress has debated a variety of campaign finance reforms over the last decade. The proposal debated have included the following: Eliminating soft money Limiting independent expenditures Raising limits on individual contributions (a) Select one of the listed proposals and do all of the following: Define the proposal. Describe an argument that proponents make in favor of the proposal. Describe an argument that opponents make against the proposal. (b) Select a different listed proposal and do all of the following: Define the proposal. Describe an argument that proponents make in favor of the proposal. Describe an argument that opponents make against the proposal.
Answer:
Definition: prohibiting or regulating campaign contributions to political parties and/or contributions for party-building activities.
Favor: Levels the playing field.
Against: violates the first amendment and weakens political parties.
The Bretton Woods system came into being right after WWI
True
False
Answer:
False
Explanation:
It came into being in 1944 after world war II. This was created in a conference of all of the World War II Allied nations that took place in Bretton Woods, New Hampshire. The decision was taken to avoid trade wars between the nations.
Hence, the given statement is false.
A consulting company hired by Best Builders has just completed a study to determine the best fencing for a condominium complex Best Builders will construct. The technical writer preparing a recommendation report based on the feasibility study has compiled the following information to be used in the report: Because the complex will be located in an environmentally sensitive area, the fence must visually enhance the property while blending in with its surroundings, yet at the same time adding a measure of safety. In order to keep monthly condominium dues as low as possible, the fence must not require a high degree of maintenance. Its minimum life should be 25 years, and it should cost under $70,000. The options researched were stone, vinyl, vinyl-coated iron, and wood. Both types of vinyl fencing will last up to 25 years, stone up to 50 years, and wood up to 15 years. Wood fencing must be painted or stained periodically. Maintenance for vinyl and stone fencing consists of occasionally washing with water. Based on two bids for each type of fencing, all types fall within the maximum allowable cost. Wood was cheapest, followed closely by vinyl. Stone and vinyl-coated iron were the most expensive. We think the best course of action is to have a stone wall built by Masonry Builders, Inc., to enclose the new condominium complex. What additional information is needed for the recommendation report
Answer: conclusions for each option studied
Explanation:
A recommendation report is a report that is used to propose solution to a particular problem; then, the best solution will then be chosen after the solution has been proposed.
We should note that before a solution is proposed, the first thing to do is to identify the problem in order to know the root cause of what's happening. Then, a conclusion will then be made for the options that were studied.
Why should you check the spelling by reading a document even if you used Writer's Spell Check feature? A. The Spell Check dictionary is usually out of date. B. Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word. C. Spell Check only checks the first half of a document, so you have to check the rest yourself. D. The Spell Check suggestions are always wrong.
Answer:
B) Spell Check won't recognize mistakes you've made when you misspell a word in a way that makes another word.
Explanation:
What is the purpose of a food safety management system?
Answer:
To control food safety hazards within a food business in order to make sure that food is safe to eat.
Explanation:
what is net income and how do you calculate it?
Answer:
net income is the amount an individual earns after subtracting taxes and other deductions from gross income.
CALCULATION
-----------------------------------------++---------------------
the amount of revenue left after subtracting all expenses, taxes and costs.
The United States ship 10,000 pounds of sugar out of the country every
month. This is an example of what?
Importing
Exporting
Deficit
Inflation
Answer:
Explanation:
exporting.
Answer:
Exporting
Explanation:
The way I was tought this is Importing begins with im which sounds like in, it is being brought into the country. Exporting begins with Ex, like exit, it is exiting the country.
1 point
Freddy just successfully pitched his innovative new business ideas to his
business partners. Which of the following would be the correct factor of
production?
Capital
Human/Labor
O Natural / Land
Entrepreneur
The stock of Canadian Ski Wear is currently trading at $45 a share and the equity beta of the company is estimated to be 1.3. The company is expected to pay a dividend of $1.50 a share next year, and this dividend is expected to grow at a rate of 4% per year. The rate on the 10-year U.S. Treasury bond is 4% and you estimate the market risk premium to be 5%. Using the dividend growth model, what is the company’s cost of equity?
Answer:
737383ujeheur8ieh3r8r8
Which of the following is not a valid FICO credit score?
A. 900
B. 600 C. 700
D. 800
Answer:
A. 900
Explanation:
FICO is an acronym for Fair Isaac Corporation, they create an accurate and reliable credit score of customers for use by lenders.
Basically, your FICO depends most on the amounts you owe and your payment history.
A credit score can be defined as a numerical expression between 300 - 850 that represents an individual's financial history and credit worthiness. Therefore, a credit score determines the ability of a borrower to obtain a loan from a lender.
This ultimately implies that, the higher your credit score, the higher and better it is to obtain a loan from a potential lender. A credit score ranging from 670 to 739 is considered to be a good credit score while a credit score of 740 to 799 is better and a credit score of 800 to 850 is considered to be excellent.
Hence, lenders look at the credit score of a loan applicant in order to ensure that the applicant is financially responsible and would be able to repay the loan at the agreed upon date.
In conclusion, a valid FICO credit score is between 300-850 i.e the maximum (highest) credit score is 850 and as such a credit score of 900 is invalid.
Laramie Trucking's CEO is considering a change to the company's capital structure, which currently consists of 25% debt and 75% equity. The CFO believes the firm should use more debt, but the CEO is reluctant to increase the debt ratio. The risk-free rate, r RF, is 5.0%, the market risk premium, RP M, is 6.0%, and the firm's tax rate is 25%. Currently, the cost of equity, r s, is 11.5% as determined by the CAPM. What would be the estimated cost of equity if the firm used 60% debt? (Hint: You must first find the current beta and then the unlevered beta to solve the problem.)
Answer:
17.74%
Explanation:
Calculation to determine What would be the estimated cost of equity
First step is to calculate the Original beta using this formula
Original beta = (rs-rRf)/ RPM
Let plug in the formula
Original beta = 11.5%- 5%
Original beta = 6.5%/ 6%
Original beta = 1.083
Second step is to calculate original D/E using this formula
original D/E= D/A / (1-D/A)
Let plug in the formula
original D/E = .25/ (1-.25%)
original D/E = .333
Third step is to calculate Unlevered Beta using this formula
Unlevered Beta= Bu = Bl / 1+((1- Tax rate) x (D/E)
Let plug in the formula
Unlevered Beta= 1.083/1+((1-.25) x .333
(D/E) =1.083/1+(0.75*.333)
(D/E) =1.083/1+.24975
(D/E) =1.083/1.24975
(D/E)=0.87
Fourth Step is to calculate the Target D/e
Target D/e = .6/.25
Target D/e = 2.4
Fifth step is to calculate the New Beta using this formula
New Beta = bu* (1+(D/E)(1- tax rate)
Let plug in the formula
New Beta= .87 *(1+(2.4)*(.6)
New Beta= .87 *(1+1.44)
New Beta= .87 *2.44
New Beta=2.1228
Now let calculate the estimated cost of equity using this formula
rs = rRF + new beta (RPm)
Let plug in the formula
rs= 5% + 2.1228*6
rs= 17.74%
Therefore the estimated cost of equity will be 17.74%
What assumption in the food industry did Howard Moskowitz change?
Answer:
"By evolving from a one-size-fits-all approach to one that embraces customer diversity, Moskowitz was able to improve customer experiences with food products from coffee to cola to spaghetti sauce and beyond."
this is what I found online
Moskowitz was able to improve consumer experiences with culinary goods ranging from coffee to soda to spaghetti sauce and beyond by shifting from a one-size-fits-all approach to one that welcomes customer variety.
What is food industry?The food industry is a complex, global network of various businesses that provides the majority of the world's food.
The word "food industries" refers to a wide range of manufacturing, distribution, processing, and conversion operations, preperation, transport and many other facilities.
Thus, Moskowitz was able to improve consumer experiences.
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what is the double entry system?
Answer: Double-entry bookkeeping, in accounting, is a system of book keeping where every entry to an account requires a corresponding and opposite entry to a different account. The double-entry system has two equal and corresponding sides known as debit and credit. Double entry, a fundamental concept underlying present-day bookkeeping and accounting, states that every financial transaction has equal and opposite effects in at least two different accounts. It is used to satisfy the accounting equation,
which of these is not a social or economic goal of the US economy
What are the social or economic goals? Is there options?
Edit: The answer is A
Answer:
A
Explanation:
What is Newtons law on gravity?
global market distribution system and because the Breathe Right strips complemented the 3M first-aid product line.Refer to Breathe Right. To market the nasal strips in countries outside the United States, CNS and 3M provided the strips to the national sports teams. For example, sales in South Africa took off when the entire South African rugby team wore the strips when they won the World Cup of rugby. This example primarily illustrates the use of which element of the global marketing mix
Answer:
Promotion
Explanation:
Marketing mix is a combination of factors which are controlled by the organization for influencing customers. There are 4Ps in the marketing mix, people, process, promotion, product. In the given scenario emphasis is laid on the promotion.
Suppose you and your classmates live next to a lake that is filled with fish. If these fish are caught, they can be sold at a premium to local restaurants, implying the marginal private revenue from fishing is very high. Even though you and your classmates have differences in fishing ability, assume the fish are, nonetheless, very easy to catch, implying the marginal private cost of fishing is very low. Lastly, legal ownership of the lake has never been officially determined or specified in any way. Are the fish in the lake a private good
Answer:
no
Explanation:
The fish in the lake is a common resource
A common resource is a good that is non excludable but rivalrous
Due to the fact that the legal ownership of the lake has not been specified, everyone and anyone can fish from the lake. this makes the lake non excludable.
the lake would have been excludable if it was a private lake and people had to pay to make use of the lake
the fish in the lake is rivalrous because if a fish is caught, other people cannot catch the fish.
A private good is a good that is excludable and rivalrous
If a company's current ratio increases from 1.2 to 1.4 from one year to the next, and its acid test ratio decreases from 0.20 to 0.15 over the same time period, the most likely explanation is that:
Answer:
The inventory has been reportedly increased and it should be checked.
Inventory management should be further examined.
Explanation:
Current Ratio = Current Assets/ Current liabilities
An increase in the current ratio means that there is an increase in the current assets or decrease in the current liabilities.
Acid test Ratio= Current Assets - Inventory / Current liabilities
If the acid test ratio is decreased it means that there is an increase in current liabilities or the current assets have decreased.
If we carefully look at the two formulas we find that inventory has increased and deduction of inventory from current assets reduces the amount of current assets and increases the current liabilities giving a bigger acid test ratio.
The inventory has been reportedly increased and it should be checked.
Inventory management should be further examined.
What is a pathway for acquiring training in information support and services skills? Choose four correct answers.
Question options:
Wait until you graduate from high school to take IT classes.
Join an IT CTSO and participate in meetings and competitions.
Enroll in an IT-related associate's degree program.
Obtain an internship in the IT department at a company in your area.
Spend a lot of time posting pictures and videos on social media.
Volunteer at a senior center to help others learn about computers.
Volunteer at a senior center to help others learn about computers
Obtain an internship in the IT department at a company in your area.
Enroll in an IT-related associate's degree program.
Join an IT CTSO and participate in meetings and competitions.
i just took the test!
DeConinck Soup Co. found that its canned nacho cheese sauce was too spicy for Americans in the East and not spicy enough for those in the West and Southwest. Today, DeConinck's plants in Texas and California produce a spicier nacho cheese sauce than what is produced in the other plants. DeConinck's is using __________ segmentation.
Answer:
D: Geographic segmentation
Explanation:
Geographic segmentation is defined as the marketing strategy that primarily aims to target the distinct choice preferences of the customers across a specific region or area. DeConinck Co. is employing this strategy to understand the consumer needs and cater to the different types of demands of their customers residing across the region by producing and marketing products accordingly.
Answer:
applebees is the qorst restruant even tho ive never been there so i cant have an opinion
Explanation:
You make $18.50 per hour and work 40 hours
per week. You are paid once per month, and
pay 30% in taxes and deductions.
1. How much do you make per month after
taxes and deductions?
2. How much do you make per year after taxes
and deductions?
Answer:
Net earning per month = $2,072
Net earning per year = $26,936
Explanation:
Given:
Amount earn per hour = $18.50
Number of hour in a week = 40 hours
Taxes and deduction = 30% = 0.3
Find:
Net earning per month
Net earning per year
Computation:
Net earning per month = [Amount earn per hour][Number of hour in a week][Number of week in a month][1-Taxes and deduction]
Net earning per month = [18.50][40][4][1-03]
Net earning per month = $2,072
Net earning per year = [Amount earn per hour][Number of hour in a week][Number of week in a year][1-Taxes and deduction]
Net earning per year = [18.50][40][52][1-0.3]
Net earning per year = $26,936
ACTIVITY 3: MARKETS
3.1. Briefly explain in your own words your understanding of a market?
.2. Differentiate between a goods and service market and a factor market?
Answer:
1, A market is defined as the sum total of all the buyers and sellers in the area or region under consideration. The area may be the earth, or countries, regions, states, or cities. The value, cost and price of items traded are as per forces of supply and demand in a market.
2,
A factor market is different from the product, or output, market—the market for finished products or services. ... The primary difference between product markets and factor markets is that factors of production like labor and capital are part of factor markets and product markets are markets for goods.
To develop the main points for a speech on a question of value, you should ask
a а "How do you know?"
b. "Why is this good or bad?"
С "Why is true?"
d "How is this better than what we have now?"
Answer: B
Explanation:
National Family Opinion (NFO) contacts several hundred members of its consumer panel and provides them with a printed description of a new chewing gum and its package. Consumers are then given a survey containing several multiple-choice questions about their attitudes toward the new product, based on what they read in the description. The final survey question asks consumers to indicate the likelihood that they would purchase the product. NFO seems to be conducting a: a. Market test b. Concept test c. Prototype test d. Sensitivity test e. Attitude test
Answer: concept test
Explanation:
Based on the information given, we can infer that National Family Opinion (NFO) is conducting a concept test.
Concept testing is the process whereby surveys are used in the evaluation of the acceptance of a new product by the consumers before the product is introduced to the market.
Since the consumers are given a survey which contains different multiple-choice questions about their attitudes toward the new product,
Therefore, the correct option is B.
"How do you access the Expression Builder to add a calculated field to a report? in the Report Wizard in the Format tab through Control Source in the Property Sheet through the Group & Sort function in Design tab through the Design View dialog box under Controls
B through control source in the property sheet
Answer: absnaja
Explanation: ekaksjen
Suppose that a project has a depreciable investment of $1,000,000 and falls under the following MACRS year 5 class depreciation schedule: year 1: 20 percent; year 2: 32 percent; year 3: 19.2 percent; year 4: 11.5 percent; year 5: 11.5 percent; and year 6: 5.8 percent. Calculate the depreciation tax shield for year 2 using a tax rate of 30 percent.
Answer:
$96,000.
Explanation:
A depreciation tax shield is a method by which the tax paid reduces as a result of depreciation.
Depreciation in year 2 = 32%
Depreciation on equipment = $1,000,000 x 0.32 = $320,000
Depreciation tax shied = depreciation x tax = $320,000 x 0.3 = $96,000