Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
you will discuss the ways contribution margin is used to determine the impact of changes in sales on income. As an accountant for a business that is interested in sales and income (in other words, every business) you may be called upon to analyze this information.
Please respond to all of the following prompts in the class discussion section of your online course:
Describe a scenario in which a business would utilize a contribution margin income statement. Why would they use one? What would it tell them?
How does a change in sales impact the contribution margin? Net income?
If you were preparing a contribution margin statement, would you prepare it per unit or as a ratio? Why would you choose one over the other?
On January 1, 2006, Hi and Lois Company purchased 12% bonds, having a maturity value of $300,000, for $322,744.44. The bonds provide the bondholders with a 10% yield. Prepare the journal entry at the date of the bond purchase.
Describe how costs flow from inventory to cost of goods sold for the following methods: (a) FIFO and (b) LIFO.
Record the depreciation for the one-half year prior to the sale, using the straight-line method.
grayson bank agrees to lend the trust company 100000 on january 1. trust company signs a 100000 8 9-month note. the
the detailing department of jackson manufacturing company has the following production and manufacturing cost data for
The total manufacturing costs added to production during the period is $110,000. The materials inventory increased from the beginning to the end of the period by $12,000, while the work in process inventory decreased from the beginning to the end ..
During the current year, the Yankton Company purchased 200 shares of in the Sorros Company for $13,000 as a temporary investment. At the end of the year, the market value of the stock was $11,000. The Yankton Company's financial statements for the..
Kendra Brown, a sole proprietor, acquires a new five-year asset on April 17, 2014, for $480,000. This is the only asset acquire by Kendra during the year. Kendra does NOT elect §179 and elects out of bonus depreciation. On September 1, 2014..
Inventory carrying costs are estimated to be 11% per year. As a result of the layout reorganization, incremental manufacturing costs are projected to:
a companys income statement disclosed 45000 of investment revenue on equity method investments. the company did not
Elly, whose husband died in Dec. 2009, maintains a household in which her dependent daughter lives. What is her filing status for the tax year 2009? (Note: Elly is the executor of her husband's estate.)
armstrong corporation reported the following for 2012 net sales 1200000 cost of goods sold for 720000 selling and
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd