Cost-volume-profit analysis includes all of the following assumptions except:_________.
a. all units produced are sold.
b. changes in activity are the only factors that affect costs.
c. the behavior of costs is curvilinear throughout the relevant range.
d. costs can be classified accurately as either variable or fixed.

Answers

Answer 1

Answer:

a. all units produced are sold.

Explanation:

Cost-volume-profit analysis  is also known as breakeven analysis. It is an analysis that review the point or number of units a company must sell for the revenue or sales to equate the total cost. In other words, the point the company neither makes a profit nor a loss.. The assumptions of this analysis are;

(i) The total costs are recognized as fixed and variable. Where as in reality, some costs may be semi-variable cost.

(ii) It assumes a linear relationship between costs and sales.  

(iii) The selling price per unit of the product is constant.


Related Questions

An investment that costs $105,000 today is expected to produce the following cash inflows over each of the next five years: $20,000; $25,000; $23,000; $22,000; $21,000. What is the IRR (compounded annually) for this investment

Answers

Answer: 1.89%

Explanation:

You can use Excel to find the IRR here:

Investment amount should be first as shown and should be in negative.

The cash flows will then follow each other by year.

Use the =IRR formula to select all the cells and the IRR will show.'

IRR here = 1.89%

When the management team reviewed its government contract on office chairs, they noticed that in order to bid on the project, at least 37 percent of the value of the office chairs had to be produced in the United States. This stipulation is an example of a(n)

Answers

Answer:

local content requirement.

Explanation:

In the case when the management team is reviewed the government contract so they notice that minimum 37% of the office chairs value should be generated so this stipulation represent the local content requirement as under this clause, the firm is needed to source the goods portion from the local producers

Therefore the above term should be the answer

Hannah, age 70 and single, is claimed as a dependent by her daughter. During 2020, Hannah had interest income of $2,550 and $850 of earned income from babysitting. Hannah's taxable income is:

Answers

Answer: $550

Explanation:

Standard deduction is the greater of $1,050 or the sum of the earned income and $350.

= Earned income + 350 = $1,200

Additional deduction for single seniors in 2020 is $1,650.

Total deduction is:

= 1,200 + 1,650

= $2,850

Hannah's taxable income is:

= 2,550 + 850 - 2,850

= $550

What expenses typically come first in the "Expenses" section of an income statement? a. Non-operating expenses b. Irregular expenses c. Selling, general and administrative expenses d. Tax expenses

Answers

Answer:

c. Selling, general and administrative expenses

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

The expense recognition principle is an accounting principle which is typically used on accrual basis accounts and it states that expenses incurred by an individual or business entity should be recognized and matched in the same period with respect to the revenues they are related to.

Selling, general and administrative expenses typically come first in the "Expenses" section of an income statement.

would u act diffetently​

Answers

what is the context?

74. When a company issues shares at a
premium the amount of premium should
be received by the company:
(1 Point)
O Along with application money
Along with allotment money
Along with calls
Along with any of the above

Answers

Answer:

Along with any of the above

Explanation:

The book value per share of stock can be defined as a measure of the total amount of value associated with a net asset that an investor is entitled to when he or she buys a share of stock.

Hence, the book value per share of stock is a ratio of the equity gotten by an investor to the amount of outstanding shares.

In the financial markets, when a company issues shares at a premium the amount of premium should be received by the company;

I. Along with application money

II. Along with allotment money

III. Along with calls

Discuss the six HRM practices from which companies can choose for implementing their strategy. Illustrate by specific examples.

Answers

Answer:

Explanation:

Bạn ơi có câu trả lời ko cho mình xin với

Which of the following would cause a person starting a small business to choose a sole proprietorship over a partnership?
a. The person has minimal experience managing a small business.
b. The person is willing to share responsibilities for running the business.
c. The person wants to retain complete control over the entire business.
d. The person lacks sufficient funding for business operations.

Answers

Answer:

c

Explanation:

A sole proprietorship is a type of business that is owned by one person

Characteristics

1. it is owned by one person

2. the business has unlimited liability

3. the business has limited access to capital

4. the business usually lacks continuity. this type of business usually ceases to exist when the owner dies

5. the business is usually not separated from the owner

Oriole has the following inventory data: July 1 Beginning inventory 34 units at $6.70 5 Purchases 134 units at $7.40 14 Sale 90 units 21 Purchases 67 units at $8.10 30 Sale 63 units Assuming that a perpetual inventory system is used, what is the value of ending inventory on a LIFO basis for July

Answers

Answer:

The correct answer is "$585.80".

Explanation:

According to the question,

Sold 63 units on July 30 from purchase of July 21, the remaining will be:

= [tex](67-63)\times 8.1[/tex]

= [tex]4\times 8.1[/tex]

= [tex]32.4[/tex]

Sold 90 units on July 14 from purchase of 5, the remaining will be:

= [tex](134-90)\times 7.4[/tex]

= [tex]44\times 7.4[/tex]

= [tex]325.6[/tex]

On July 1, opening stock will be:

= [tex]34\times 6.7[/tex]

= [tex]227.8[/tex]

hence,

The total value of inventory as per LIFO method will be:

= [tex]32.4+325.6+227.8[/tex]

= [tex]585.80[/tex] ($)

For each of the following corporate formations, (1) write the amount of gain or loss that will be recognized by the shareholders as a whole, and (2) write the corporation's basis in the property after the transfer.

a. John and Kelly started Back Stop, Inc., in 2021. Kelly transferred a building with a basis of $120,000 and a FMV of $150,000 for 60% of the stock.
b. John agreed to operate the company on a day-to-day basis in exchange for his stock. Ignore any compensation income recognized by John.

Answers

Answer:

Back Stop, Inc.

1. The amount of gain or loss that will be recognized by the company:

a. $30,000 gain

b. $80,000 loss

2. The corporation's basis in the property after the transfer:

a. $150,000

b. ($80,000)

Explanation:

1) Data and Calculations:

a. Building $150,000 Capital, Kelly $120,000 Unrealized gain $30,000

b. Unrealized loss $80,000 Capital, Kelly $80,000

2) The building contributed by Kelly is worth $150,000 for the corporation.  However, the contribution by John is worth nothing in real terms.  Instead, an unrealized loss is being suffered by the corporation.

_______ involves giving employees more opportunity to experience achievement, responsibility and advancement.

Answers

Answer: empowerment

Explanation:

The process of giving employees more opportunity to experience achievement, responsibility and advancement us referred to as empowerment.

Empowerment is the practice of sharing information, power and rewards with the employees and this is vital as it puts the employees at the heart of the organization.

22.On January 1, 2021, Amazon purchased a $64,000 office equipment and expected its useful economic life of 5 years. At the end of year 5th, the company expected to sell the equipment for $4,000. It is now December 31, 2021. Which of the following entries are needed to be made before preparing financial statements?
a. Debit Office equipment $64,000; Credit Cash $64,000
b. Debit Depreciation expense - Office equipment $64,000; Credit Cash $64,000
c. Debit Depreciation expense - Office equipment $12,000; Credit Accumulated depreciation – Office equipment $12,000
d. Debit Accumulated depreciation – Office equipment $12,000; Credit Depreciation expense - Office equipment $12,000

Answers

Answer:

C.

Explanation:

64000-4000 (salvage value)=60000

60000/5=12000 (annual depreciation)

depreciation expense.        12000

   Accumulated depreciation.     12000

Robo Inc.requires $70,000 of direct material for production and top management desires $3,000 in ending raw materials inventory. The company has $2,000 in beginning raw materials inventory. What would Robo's budgeted purchases of direct materials be

Answers

Answer:

Budgeted purchases = $71000

Explanation:

Below is the given values:

Direct material for the production = $70000

Ending raw material inventory = $3000

Beginning raw material = $2000

Budgeted purchases = Direct material for the production + Ending raw material - Beginning raw material

Budgeted purchases = 70000 + 3000 - 2000

Budgeted purchases = $71000

The following is a news item reported by Reuters:
WASHINGTON, Jan 29 (Reuters)—Wright Medical Group, a maker of reconstructive implants for knees and hips, on Tuesday filed to sell 3 million shares of common stock.
In a filing with the U.S. Securities and Exchange Commission, it said it plans to use the proceeds from the offering for general corporate purposes, working capital, research and development, and acquisitions.
After the sale there will be about 31.5 million shares outstanding in the Arlington, Tennessee-based company, according to the SEC filing.
Wright shares closed at $17.15 on Nasdaq.
The common stock of Wright Medical Group has a par of $.01 per share.
Required:
Prepare the journal entry to record the sale of the shares assuming the price existing when the announcement was made and ignoring share issue costs. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in whole dollars.)

Answers

Answer:

Date                     Account Title                                        Debit             Credit

January 29         Cash                                                 $51,450,000

                            Common stock                                                        $30,000

                          Additional Paid-In capital                                 $51,420,000

Explanation:

Company wants to sell 3 million shares at $17.15.

The cash they will make from this is:

= 3,000,000 * 17.15

= $51,450,000

The par value of this common stock sale is:

= number of shares * par value

= 3,000,000 * 0.01

= $30,000

Additional paid-in capital will be:

= Cash - Common stock par value

= 51,450,000 - 30,000

= $51,420,000

A local bank sponsors a charity run that raises funds for a non-profit building wells and schools in Mali, Africa. How would the use of the bank’s funds for this fundraiser be justified when its goal is to maximize profit?

Answers

Answer:

The use of the bank's funds for this fundraiser would be justified when the bank's goal is to maximize profit by:

giving the bank public relations boost, thereby improving its public image.

Explanation:

The creation of publicity opportunities through this fundraiser enhances the bank's activities.  Awareness of its services is created through the sponsorship.  People perceive the bank as a charity-supporting organization, which cares for the welfare of the less-privileged.  The fundraiser creates huge goodwill.  Public relation is, therefore, critical in helping the bank to engage its diverse publics across various platforms, including the accruing intangible benefits that derivable from the seemingly unprofitable effort.

Match each current trend with the advantage it provides for the global
economy

Reduction of
trade barriers

?
Facilitates international
business and trade
Allows for a greater
mobility of goods and
labor

Industrialization

?
Improved
communication

Reduces production and
transportation costs

Development of
infrastructure

Enables economic growth
in developing countries

Answers

Answer:

Find answers below.

Explanation:

1. Reduction of trade barriers: allows for a greater mobility of goods and labor.

Some examples of trade barriers are import license, quotas, subsidies, embargo, currency devaluation, local content requirements, tariffs, etc.

A tariff can be defined as tax levied by the government of a country on goods and services imported from another country.

2. Industrialization: enables economic growth in developing countries.

Industrialization can be defined as a strategic process which typically involves the development of various industries in a country by the large-scale introduction of mechanized equipments and use of technology for the manufacturing of goods and services that meets the need or requirements of consumers.

3. Improved communication: facilitates international business and trade.

Basically, when there is an effective and efficient level of communication between two or more countries, it would help to facilitate and enhance the exchange of goods and services between the countries.

4. Development of infrastructure: reduces production and transportation costs.

Typically, when there are good infrastructural development such as roads, electricity, etc., in a society it would ease the movement of goods and services, as well as the cost of production and transportation.

Depreciation, a type of expense, is included in the ________ category.

Answers

Answer:

General and administrative

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors.

Generally, financial statements are the formally written records of the business and financial activities of a business entity or organization.

There are four (4) main types of financial statements and these are;

1. Balance sheet: it contains financial information about assets, liability, and equity.

2. Cash flow statement: it contains financial information about operating, financial and investing activities.

3. Income statement: it contains financial information about the income and expenses of an organization.

4. Statement of changes in equity: it contains financial information about profits or loss, dividends, etc.

Depreciation can be defined as a process in which the monetary or financial value with respect to an asset decrease or falls over time as a result of wear and tear.

This ultimately implies that, depreciation is a process which typically involves the general fall in the value of an asset such as currency, plant equipment or machinery etc over a specific period of time.

Basically, depreciation is a type of expense and it is included in the general and administrative (G&A) category of a balance sheet.

A general and administrative (G&A) can be defined as the expenditures that are required for the smooth running or operations of a business, which are not associated with the manufacturing of goods.

A manager of a company is facing an ethical problem. He uses the formal process for ethical decision making to resolve the problem. Which of the following steps will they begin with

Answers

Answer: Understanding all the moral standards and recognizing all moral impacts.

Explanation:

Ethics is the standards and the moral principles which guide the behavior of an individual or group of people. Ethical decision making reefers to the assessment of the moral implications of a course of action.

Since the manager uses the the formal process for ethical decision making to resolve the problem, the first step to begin with is to understand the moral standards and recognizing all moral impacts. The manager needs to be aware of the moral standards and be sure if he or she is following the normal process and doing the right thing.

A company received cash proceeds of $206,948 on a bond issue with a par value of $200,000. The difference between par value and issue price for this bond is recorded as a:________
A. Credit to Interest Income
B. Credit to Premium on Bonds Payable.
C. Credit to Discount on Bonds Payable.
D. Debit to Premium on Bonds Payable
E. Debit to Discount on Bonds Payable

Answers

I think b but not fully sure, good luck

During March, XYZ Inc. transferred $50,000 from Work in Process to Finished Goods and recorded a Cost of Goods Sold of $56,000. The journal entries to record these transactions would include a:

Answers

Answer:

Date   Journal entries             Debit          Credit

          Finished Goods          $50,000

              Work in Process                          $50,000

          Cost of Goods Sold $56,000

               Finished Goods                          $56,000

In the United States, if the price of imported oil rises so that the prices of gasoline and heating oil rise, then the a. consumer price index rises much more than does the GDP deflator. b. consumer price index rises slightly more than does the GDP deflator. c. GDP deflator rises much more than does the consumer price index. d. GDP deflator and the consumer price index rise by about the same amount.

Answers

Answer: a. consumer price index rises much more than does the GDP deflator.

Explanation:

The Consumer Price Index is a measure of inflation. It shows the change in the prices of a basket of goods over a period of time. If the prices of gasoline and heating oil rise, this basket will be affected and so Consumer Price Index (CPI) will increase.

GDP deflator on the other hand, adjusts the nominal GDP to a Real GDP measure. Not everything will increase in price in the country as a result of oil going up so GDP will not change by much which would limit the increase in the GDP deflator.

The CPI will therefore rise more than the GDP deflator.

Last month when Holiday Creations, Inc., sold 44,000 units, total sales were $308,000, total variable expenses were $215,600, and fixed expenses were $35,700. Required: 1. What is the company’s contribution margin (CM) ratio? 2. What is the estimated change in the company’s net operating income if it can increase total sales by $1,800?

Answers

Answer: 1) CM / Sales = CM Ratio

CM = 306,000 - 238,680 = 67,320

CM Ratio = 67,320 / 306,000 = 0.22

2) CM Ratio x 2,500 = 550

Explanation:

Correctly complete the following statement. We may be more likely to consider using qualitative forecasting techniques when Select one: a. a lot of historical (quantitative) demand data exists. b. we are faced with a short-term, operational decision-making problem. c. the relevant environment is likely to be quite stable (less variable) over the forecast horizon. d. the forecast horizon is long (e.g., more than three to five years).

Answers

Answer:

b

Explanation:

There are two types of forecasting method

1. Qualitative forecasting

2. Quantitative forecasting

Qualitative forecasting can be described as when subjective judgement or non quantifiable information in forecasting.

When is qualitative forecasting suitable ?

It is used when historical data in unavailable. this method is suitable when it is predicted that future result would depart from what historical data may suggest

Advantages of Qualitative forecasting

it is flexible It can be used when data available is ambiguous or unclear

Disadvantage of Qualitative forecasting

It is subjective.

Quantitative forecasting can be described as forecasting using historical data

Lake Power Sports sells jet skis and other powered recreational equipment. Customers pay one-third of the sales price of a jet ski when they initially purchase the ski, and then pay another one-third each year for the next two years. Because Lake has little information about the ability to collect these receivables, it uses the cost recovery method to recognize revenue on these installment sales. In 2020, Lake began operations and sold jet skis with a total price of $900,000 that cost Lake $450,000. Lake collected $300,000 in 2020, $300,000 in 2021, and $300,000 in 2022 associated with those sales. In 2021, Lake sold jet skis with a total price of $1,290,000 that cost Lake $774,000. Lake collected $430,000 in 2021, $240,000 in 2022, and $240,000 in 2023 associated with those sales. In 2023, Lake also repossessed $380,000 of jet skis that were sold in 2021. Those jet skis had a fair value of $142,500 at the time they were repossessed.In its December 31, 2021, balance sheet, Lake would report:

Answers

Answer:

$650,000

Explanation:

Calculation to determine what Lake would report in its December 31, 2021, balance sheet

First step is to calculate Net installment Receiveble for 2020 sales

2020 sales Installment Receiveble 300,000

($900,000-$300,000 2018 Collection -$300,000 2021 Collection)

Less Deferred gross profit $150,000

(450,000-$150,000 2020 collection-$150,000 2021 collection )

Net installment Receiveble for 2020 sales $150,000

Second step is to determine Net installment Receiveble for 2021 sales

2021 sales Installment Receiveble $860,000

($1,290,000-$430,000

Less Deferred gross profit $360,000

($600,000-$240,000)

Net installment Receiveble for 2021 sales $500,000

Now let determine what Lake would report in its December 31, 2021, balance sheet

December 31, 2021, balance sheet=$150,000+$500,000

December 31, 2021, balance sheet=$650,000

Therefore In its December 31, 2021, balance sheet, Lake would report: $650,000

a. What is the total cost for a basket of goods that includes 210 gallons of gas, 55 pizzas, 40 6-packs, and 2 textbooks

Answers

Answer:

Total Cost Base year = $815Last year Total cost = $1,464.35

Explanation:

In the base year, the total cost was:

= (210 * 1.30) + (55 * 3.60) + (40 * 3.90) + (2 * 94)

= 273 + 198 + 156 + 188

= $815

Last year, the total cost was:

= (210 * 1.60) + (55 * 7.65) + (40 * 6.64) + (2 * 221)

= 336 + 420.75 + 265.60 + 442

= $1,464.35

Notice that the total cost increased last year from the base year. This is the effect of inflation. Things get more expensive overtime.

10. Which of the following best describes a trial balance?

Answers

I’m sorry I don’t see where it says the following

If the demand for donuts is elastic, then a decrease in the price of donuts will a. not change total revenue of donut sellers. b. There is not enough information to answer this question. c. decrease total revenue of donut sellers.

Answers

Answer:

increase the total revenue of donut sellers.

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price of the good.

Price elasticity of demand = percentage change in quantity demanded / percentage change in price  

If the absolute value of price elasticity is greater than one, it means demand is elastic. Elastic demand means that quantity demanded is sensitive to price changes.  

Demand is inelastic if a small change in price has little or no effect on quantity demanded. The absolute value of elasticity would be less than one

Demand is unit elastic if a small change in price has an equal and proportionate effect on quantity demanded.  

Infinitely elastic demand is perfectly elastic demand. Demand falls to zero when price increases  

Perfectly inelastic demand is demand where there is no change in the quantity demanded regardless of changes in price.

If demand is elastic and price is reduce, the percentage reduction in price would be less than the total increase in quantity demanded. As a result, there would be an increase in total revenue.

The balance sheet indicates what an organization owns or controls and the various sources of the funds used to pay for these assets, such as bank debt and owners' equity.

a. True
b. False

Answers

Answer:

The correct answer is the option A: True.

Explanation:

To begin with, in the economics science field and the accounting theory the concept known as the balance sheet refers to a particular report that the managers have to do and understand in order to keep the control of everything inside the organization because it basically shows what the company posses, what it owns and to who it owns it with the characteristic of emphasizing it in a determine duration that could commonly be a year. Moreover it is separated in two main sides, the assets and financing, with this last one separeted in liabilities and owner's equity.

Tariffs are a tax placed on ✔ imported goods.
Tariffs are used to give domestically produced goods ✔ an advantage in the market.
As a result of tariffs, imported goods become ✔ more expensive for consumers

Answers

Answer:

Imported, an advantage, more.

Explanation:

This is done to discourage the use of foreign items and use of domestically made products. This helps the domestic companies to get their advantage in profit and sales. Thereby making the imported goods more expensive and discourages their use.

Answer:

Tariffs are a tax placed on  

✔ imported

goods.

Tariffs are used to give domestically produced goods  

✔ an advantage

in the market.

As a result of tariffs, imported goods become  

✔ more

expensive for consumers

Explanation:

Jamon is a manager in a human resources organization. He has a message for Bob who works on the assembly line. What channel is he likely to use get the message to Bob

Answers

Answer: All of the above

Explanation:

The options include:

a. Face-to-face

b. Telephone

c. Electronic mail

d. All of the above

Since the manager manager has a message for Bob, any of the communication channels given here can be used.

There is no preferred communication channel here. The manager may decided to tell Bob the message face to face when he sees him. Also, he can call him on the telephone or send an email to him.

Therefore, the correct option is All of the above.

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What are the various means of socialization available in your community? odgasting in Sovery o being social How are they helping the community members for socialization? Are there any problems in socialization in the community and what may be the solutions for the problems? Collect information regarding these matters from the community activists, intellectuals and other people and prepare a report for the presentation. The processor's ____ controls the timing of all the computer operations? Melting above the subducted slab produces mafic magma, as described above, yet intermediate rocks (andesite, diorite) between oceanic and continental lithosphere, explain how this intermediate magma forms. (a) A relatively small amount of intermediate magma occurs in volcanic island arcs. Remembering that melting above the subducting slab produces mafic magma, explain the origin of the intermediate magma.(b) Much more intermediate magma erupts in continental arcs. 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