User Account

All Pages

Which is a revenue generating activity

Assignment Help Managerial Accounting
Reference no: EM132999206

The following information was taken from the records of Thompson Corporation for the year ended December 31, 2013:

Dividends paid $ 12,800

Service revenue 90,500

Accounts payable 139,750

Capital stock 378,750

Total expenses 67,000

Retained earnings (at 1/1/2013) 43,400

Problem 1: The net income at December 31, 2013 was

a. $23,500

b. $54,100

c. $43,400

d. $72,750

Problem 2: Which of the following is a revenue generating activity?

a. Borrowing money from a bank.

b. Paying rent.

c. Service is provided.

d. Issuing capital stock.

Reference no: EM132999206

Questions Cloud

What might tell if the system is not working correctly : Using scholar information, in your own words discuss the objectives of this system, the elements you would use, and how you would use them.
What is the intrinsic value of stock : Neptune Corporation recently paid its annual dividend of $2.38. Dividends have consistently grown at a rate of 5%. The stock has a beta of 0.88. The current ris
Which the internal audit manager reports directly to : Which the internal audit manager reports directly to? Public Company Accounting Oversight Board (PCAOB)./ Audit Committee.
Employer deferred comp plan : Katie was notified in November that she will be receiving a $75,000 bonus. This is her first year as an executive and she is thrilled, but she is concerned abou
Which is a revenue generating activity : The information was taken from the records of Thompson Corporation for the year ended December 31, 2013. Which is a revenue generating activity?
Disruptive technologies in the banking sector : What are the key disruptive technologies in the banking sector? Please provide real life examples
Manage the interest rate risk : A financial institution has a liability of $150,000 due in exactly 15 month's time. Suppose the firm wishes to manage the interest rate risk of this liability (
Compute the current value of the stock : After Year 4, its growth rate will increase 1.5% constantly forever. Compute the current value of the stock if the required rate of return = 14.0%.
What is the effective annual cost of trade credit : Pets Store Inc. sells on terms of 3/20, net 65. What is the effective annual cost of trade credit under these terms? Use a 365-day year.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  What is the standard deviation

What is the standard deviation on a 60% US and 40% international portfolio? What is the return on a 60% US and 40% International portfolio

  Prepare a cash budget for the month of july

Sushi House has budgeted sales revenues as follows: Credit sales: June $85,000, July $80,000, August $72,000. Cash sales: June $14,000, July $25,000, August $32,000. Prepare a cash budget for the month of July

  How much revenue after tax must speedy make to breakeven

What is the average daily rental charge for Speedy to make $2 million annual profit after tax? How much revenue after tax must Speedy make to breakeven

  What is the net total dollar disadvantage of purchasing

List three qualitative characteristics that the owner of Outdoor Flames should consider in looking at the long-term effect of purchasing.

  Calculate contribution margin ratio for carrabelle company

Fixed costs per month $20,000. Variable cost per unit 12. Calculate the contribution margin ratio.? (Round your answer to two decimal? places.)

  Financial and non-financial information in decision making

Demonstrate the need for a balance between financial and non-financial information in decision making, control and performance evaluation applications

  Determine the standard deviation of the expected return

Calculate the coefficient of variation of the risk-return relationship during each decade since 1950 - Determine the standard deviation of the expected return

  How can an entry level manager affect continuous improvement

How can an entry level manager affect continuous improvement within a facet of operations management. Can you provide an example and outline a strategy?

  What managerial decisions are influenced

What managerial decisions are influenced by differential analysis reports? How do these reports help in decision making? Provide the suitable example.

  Management accountants versus users

"Managerial accountants should understand the uses of accounting data, and users of data should understand accounting. Only in this way can accountants provide the appropriate accounting data for the correct uses." Do you agree with this statement..

  What is the amount of relevant costs

GMH Company manufactures 100,000 units of Part X annually for use in one of its main products. What is the amount of relevant costs

  What is Swimkids margin of safety

Swimkids variable costs are $18 per unit. Fixed costs are $88,900. Swimkids expects sales of $278,000 next year. What is Swimkids's margin of safety

Free Assignment Quote

Assured A++ Grade

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd