In evaluating the profit center manager, the operating income should be compared a.across profit centers b.to the competitor's net income c.to the total company earnings per share d.to a budget
Q: Explain the advantage of modified breakeven analysis overthe basic breakeven formula.
A: Break-even analysis is a financial calculation that weighs the new company cost, product, or service…
Q: allowance for waste and spoilage per unit is .3 pounds and .1 pounds, respectively. The purchase…
A: Direct material- Direct materials costs are the expenses incurred on raw materials used in the…
Q: “The primary goal of accounting for sustainability is to help mitigate the impact of businesses on…
A: Here discuss about the importance of the sustainability of Accounting which is important in the…
Q: 7. Assume the below table includes all transactions in a country that produces potatoes and imports…
A: GDP = Domestic Consumption + Investment + Government spending + (Exports - Imports) GDP = Domestic…
Q: On the first day of the fiscal year, a company issues a $968,000, 8%, 10-year bond that pays…
A: Working Note: Total premium on Bonds = Issue value - Face value of the bonds = $1,016,400 - 968,000…
Q: Julio acquired 2,000 shares of stock in Gray Corporation seven years ago at a cost of $50 per share.…
A: Income Tax Liability: -Income tax liability is the amount of money an individual or a business or…
Q: Develop and diagram at least three different approaches for Axle and Cooke to consider, in executing…
A: Introduction:- A deferred tax asset is a balance-sheet item that reduces a company's future taxable…
Q: Apparelle Co. developed the following equation to predict certain components of its budget for the…
A: COST EQUATION : Y = A + BX WHERE Y IS TOTAL COST , A IS THE FIXED COST , B IS THE VARIABLE COST PER…
Q: Interperlod Measurement of Productivity, Profit-Linked Measurement Helena Company needs to increase…
A: The profit-linked productivity measure helps management to understand how current year profits are…
Q: swer True or False to the following Explain your answer. Question 1 “The interest parity condition…
A: Concept of Interest Parity condition Interest Parity condition cover the of currency price and…
Q: Required information [The following information applies to the questions displayed below.] Tyrell…
A: Here Maturity date = Date of note + term of note
Q: Please explain what this phrase means: "Debit the Receiver, Credit the Giver."
A: Accounts are mainly classified into 3 categories: Personal accounts Real accounts Nominal accounts…
Q: Your Company sells exercise bikes for $675 each. The following cost formula relates to last year's…
A: Net income is the amount remaining after reducing all the costs and expenses from the sales revenue.…
Q: Quantity from the following informat 10,000 sper annum der
A: Given as, Consumption: 10,000 kg Order cost: 50 Order per kg: 2 Storage cost: 8%
Q: b. Determine the proceeds of the note assuming th
A: Merchandise inventory refers to products purchased from suppliers by a distributor, wholesaler, or…
Q: Emery Wares is a division of a major corporation. The following data are for the latest year of…
A: Return on investment is the percentage of net operating income compared with the average operating…
Q: H plc owns 80% of the the voting shares of S plc. S plc is a subsidiary of H plc. The most recent…
A: Consolidated Accounting Statements: The accounting statement which are formed by holding and…
Q: On January 1, Kale Company has a beginning cash balance of $42,000. During the year, the company…
A: Amount to be borrowed = Desired ending cash balance - Amounts available where, Amounts available =…
Q: Unit selling price of video game consoles $400 Unit variable costs $280 Total fixed costs $48,000…
A: Under cost profit volume analysis sales is first compared with variable cost and contribution is…
Q: Complete the table with assertion, and recommended audit procedure that apply: Possible Assertion…
A: In the audit of cash, the inherent risk of cash is usually assessed as high risk because the nature…
Q: 3. The improvements proposed by the MUA will cost it $3.4 million. The MUA has applied for a State…
A: Grant: Government grants are sometimes granted to businesses for the goal of providing immediate…
Q: Assuming a 360-day year, when a $15,586, 90-day, 7% interest-bearing note payable matures, total…
A: 15586 + 15586*90/360*7% = 15859
Q: The following is actual data from the two months of operations. Pounds Shipping expense 350…
A: Using high low method, the fixed costs and variable costs are identified from the mixed costs.
Q: Last month when Gifted by Design, Inc. sold 20,000 units, total sales were $400,000, total variable…
A: Solution.. Sales = $400,000 Variable cost = $300,000 Variable cost ratio = ?
Q: tate the disclosure requirements of IFRS 10 and IFRS 3
A: Disclosure requirement states the facts, figures, notes, etc to be specifically disclosed in the…
Q: Ferrante Company sells 90,000 units at $60 per unit. Variable costs are $42 per unit, and fixed…
A: A corporation's contribution margin is the percentage change in revenue and variable expenses. An…
Q: S. parent of Surat does not depreciate assets on a component basis, but instead depreciates assets…
A: Depreciation Expense In the accounting period in which a long-term asset is purchased, it should be…
Q: : As the banks and insurance companies in Oman are listed public companies. They are regulated by…
A: The International Financial Reporting Guidelines (IFRS) are a set of standards issued by the…
Q: Aldor Corporation opened a new store on January 1, 2014. During 2014, the first year of operations,…
A: Inventory is the raw materials used in production and available for sale. The inventory includes raw…
Q: Adjusting the accounts is the process of Subtracting expenses from revenues to measure profit…
A: Adjusting entries are recorded in the books at the end of the period.
Q: A major disclosure items for public companies is: lack of internal controls pension…
A:
Q: 3.3 Calculate Ms. N. Zama's net salary for the week. The following information is in respect of…
A:
Q: Golden Inc. produces men's ties. The following budgeted and actual amounts are for 2018: Cost Budget…
A: given Cost Budget at 5,000 Units Actual…
Q: using the balance scorecard (tabular format), translate rockwater's strategy into tangible goals and…
A: Balance scorecard refers to the metric of the strategic management which ensure that the business…
Q: H plc is a holding company with a 70% interest in its subsidiary S plc. The following is an extract…
A: Retained Earnings- Retained earnings are the accumulated portion of a company's profits in a fiscal…
Q: Thad, a single taxpayer, has taxable income before the QBI deduction of $192,500. Thad, a CPA,…
A: Given: - Taxable income before the QBI deduction = $192,500 Qualified business income = $154,000…
Q: uld not r
A: Giving regularly discounts can make our costumer habitual and it can lead to huge losses in business…
Q: Energy Products Company produces a gasoline additive, Gas Gain. This product increases engine…
A: Variance analysis is defined as the deviations study under which the actual behavior and planned…
Q: ate, 6.0%; and Medicare tax rate, 1.5%; state unemployment compensation tax, 5.4% on the first…
A: Cumulative Earnings The total of an Option Holder's Earnings for each year in the Calculation…
Q: Guess, Drawing (debit balance) Levis, Drawing (debit balance) Jag, Loan Guess, Capital
A: 1) Computation of total loss from the liquidation of the partnership Particulars Amount…
Q: Oxnard Industries produces a product that requires 2.6 pounds of materials per unit. The allowance…
A: Solution... Standard quantity used = 2.60 pounds Allowances for wastage = 0.30 pounds…
Q: e following totals for the month of June were taken from the payroll register of Arcon Company:…
A: These are the accounting transactions that are having a monetary impact on the financial statement…
Q: A job was recently completed. The following data have been recorded on its job cost sheet: Direct…
A: Total cost recorded on the job cost sheet for this job = Direct materials + Direct labor wage +…
Q: A company issued 120 shares of $100 par value common stock for $14,200 cash. The total amount of…
A: The paid in capital in excess of par value is recorded as share premium in the balance sheet.
Q: Shi Company is going through a Chapter 7 bankruptcy. All assets have been liquidated, and the…
A: Under Chapter 7 Bankruptcy, the bankruptcy trustee gathers and sells the debtor's nonexempt assets…
Q: hedetermined atory Ovehead Rate Street Runner tngine Shop uses a jb order cost ystem to determne the…
A: The overhead costs comprises of total factory costs incurred and total indirect costs incurred. The…
Q: our mother invested ₱18,000 in government securities that yield 6% annually for two years.
A: This is a question of Compound Interest: Compound interest (or compounding interest) is the interest…
Q: Refer to the following selected company information to determine the Year 1 and Year 2 common size…
A: Lets understand the basics. Common size income statement is prepared to show all variable in…
Q: Ralph's Services Adjusted Trial Bal. at Dec. 31/07 Debit Credit Cash $4,300 Accts. Receivable 1,400…
A:
Q: Accounting AA Corporation is a C corporation. In 2017, sales are $500,000; cost and expenses are…
A: Total Sales $500000 Less: cost ($420000) Current year’s income $80000 NOL carried…
In evaluating the profit center manager, the operating income should be compared
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- The systematic examination of the relationships among selling prices, volume of sales and production, costs, and profits is termed a. cost-volume-profit analysis b. contribution margin analysis c. budgetary analysis d. gross profit analysis In a profit center, the manager has responsibility and authority for making decisions that affect a. assets b. investments c. long-term liabilities d. costsWhich of the following is a measure of a cost center manager's performance? Oa. return on investment and residual income measures Ob. balance sheet Oc. budget performance report Od. divisional income statementsDefine the term gross profit margin. Explain several waysin which management might improve a company’s overallprofit margin.
- Which objective of cost accounting classifies and analyzes cost date for measuring efficiency? a. Guide to business policy b. Determination of selling price c. Cost control and reduction d. Measuring and improving performanceHow much is the net operating income contributed to the company by Department A and B? Using the data above, what is the segment margin of Department A and B?A budget: A.is used to determine if a product should be continued or discontinued B.complies actual costs for a given period C.quantifies management's plans D.determines and evaluates the cost of specific products or activities in a business
- MANAGEMENT ACCOUNTING (COST-VOLUME PROFIT ANALYSIS)A. Manufacturing margin? b. Contribution margin? C. Operating income for PhiladelPho's company ?The residual income approach to measuring divisional performance measurement is closely related to the ____________ method of performance measurement. Select one: a. Internal rate of return b. Payback period c. Return on capital employed d. Accounting rate of return e. Economic value added
- Which are formulas for ROI? (check all that apply) Sales-Profit Margin Net Operating Income / Average Operating Assets Profit Margin x Inventory Turnover Profit Margin x Asset Turnover Net Operating Income - Average Operating AssetsWhich of the following gives the basic factors of business operations of which their inter-relationship is studied in Cost-Volume-Profit Analysis? Select one:a. Cost of Production, Volume of Purchases, Quantity of Fixed Assetsb. Cost of production,Volume of production or sales, Profitc. Revenues, Expenses, Equityd. Assets, Liabilities, EquityHow you relate the differential cost with management of revenue in management accounting.
