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Question - The quantity factor tells us how much additional revenue changed for the additional quantity sold at the planned price. The price factor tells us how much revenue changed on actual total sales due to the price being different than planned.
Edna's Chocolates had planned to sell chocolate-covered strawberries for $3.00 each. Due to various factors, the actual price was $2.75. Edna's was able to sell 1,000 more strawberries than the anticipated 4,000. What is (1) the quantity factor and (2) the price factor for sales?
Dexter Company's bank reconciliation shows an adjusted cash balance of $3,254.33. The follow- ing items also appear on the reconciliation:
Discuss the inherit risks related to sampling methods and how the risk of audit sampling can be minimized by the auditing team.
The December 31, 2020, balance sheet of Ming Inc. included 12% bonds with a face amount of $100,000. Prepare the journal entry by Ming to record the bonds
the life of a business is divided into specific time periods usually a year to measure results of operations for each
Compute the current ratio, Compute the quick (acid-test) ratio
Vertical analysis (common-size) percentages for Carla Vista Co's sales revenue and cost of goods sold. Calculate Carla Vista's net income as a percent of sales.
Compare the additional revenues needed to make up for the lost money, assuming that the company has profit margin of 5, 10 and 15%
A firm make some important business decisions. Does anyone have any specific ideas on what sort of business decisions this might help us with?
What efforts is the Auditing Standards Board making to clarify auditing standards? How are the efforts of the Auditing Standards Board
Contemporary Issues in Accounting - Write about the below topics to construct a client-focused audiovisual briefing presentation and written briefing document
Instructions: Discuss how the preceeding post balance sheet events should be reflected in the 2012 financial statements
on january 1 2009 seldon issues 450000 of 10 15 year bonds at a price of 93 14. six years later on january 1 2015
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