Which statements about contribution format income statement

Assignment Help Accounting Basics
Reference no: EM132674017

Problem 1: Which of the following statements about contribution format income statement is incorrect?

Option 1: it separates costs into fixed and variable first deducting variable expenses from sale to obtain contribution margin

Option 2: It facilitates cost volume profit analysis

Option 3: It emphasizes the function of production, administration and sales with no distinguish between fixed and variable costs

Option 4: It is used as an internal planning and decision making tool

Reference no: EM132674017

Questions Cloud

Journalize the petty cash transactions for swifty company : Journalize the petty cash transactions for Swifty Company. Aug. 1 Established the petty cash fund by writing a check payable to the petty cash custodian
Describe communication processes : Question: Describe communication processes and the importance of such when conducting applied research?
Describe four communication methods : Describe four communication methods that you may consider using in relation to applied research?
How much gain must Cindy recognize : How much gain must Cindy recognize on the transfer of the house to Allen? What is Allen's tax basis in the house for calculating tax
Which statements about contribution format income statement : Which statements about contribution format income statement is incorrect? It is used as an internal planning and decision making tool
Company vision and mission and strategic management : This lecture will explore a variety of concepts, including the competitive landscape, a company's vision and mission, and strategic management.
Explain three data analysis methods : Explain three data analysis methods, including both manual and electronic methods?
Transform your eer diagram into a relational schema : A nonprofit organization depends on a number of different types of persons for its successful operation. The organization is interested in the following attribu
What would be the impact of the donor request : What would be the impact of the donor request on the financial statements and on availability for expenditure of cash or other organization assets?

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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!

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