Absorption and variable costing net income are usually different due to the accounting for:
Answers
Absorption and variable costing net income are usually different due to the accounting for fixed manufacturing overhead.
Sales are computed as sales less cost of goods sold, selling, general and administrative costs, operating costs, depreciation, interest, taxes, and other costs. Net income (NI), often known as net earnings, is the difference between these two figures. Investors might use this figure to gauge the extent to which an organization's revenue outpaces its costs. Net income is defined as an entity's income less cost of goods sold, costs, depreciation and amortisation, interest, and taxes for a certain accounting period in business and accounting. It is calculated as the remainder of all revenues, profits, and losses for the period less all expenses, losses, and gains. It has also been described as the net growth in shareholders' equity as a result of a company's operations. It's not the same as gross income, which solely deducts the cost of the things sold from revenue.
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Related Questions
which of the following industries would find it easier to establish a cartel?
Answers
Among the options provided, the industry that would generally find it easier to establish a cartel is agricultural products (option b).
Agricultural products often possess characteristics that can facilitate cartel formation:
Homogeneous Products: Agricultural products, such as commodities like wheat, corn, or soybeans, can be relatively homogeneous. This means that the products are similar across different suppliers, making it easier to coordinate prices and output levels.
Limited Product Differentiation: Agricultural products often have limited opportunities for product differentiation. This reduces the competitive pressure among suppliers and makes collusion more feasible.
Concentrated Market: In some cases, the agricultural industry may have a relatively small number of dominant firms or significant market concentration. When a few key players control a substantial portion of the market, it can be easier to coordinate and enforce cartel behavior.
However, it's important to note that establishing a cartel is generally illegal in most jurisdictions as it undermines competition and harms consumer welfare. The information provided here is purely descriptive and does not endorse or encourage participation in cartel activities.
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Which of the following industries would find it easier to establish a cartel?
a) retail clothing
b) agricultural products
c) book publishing
d) automobile manufacture
An instrument used to enlarge or reduce a map is known as
Answers
Answer:
pantograph
Explanation:
you can use a pantograph to do this.
There are seven different kinds of kitchen scales available, each of which operates on a slightly different principle for calculation.
True
False
Answers
There are Seven different types of Kitchen Scales. They are,
1. Balance Scale
2. Mechanical Scale
3. Digital Scale
What is a Kitchen Scale?A kitchen scale is a weight machine that lets a person quantify the weight of a certain product.
4. Large Capacity Scale
5. Hanging Scale
Analog Hanging ScaleDigital Hanging Scale6. Top loading Dial Scales
7. Metric System Scale
The various kitchen scales are used by people for measuring and weighing the products. There are digital as well as analog scales which are used by the users based on their preferences for calculations.
The given statement is True.
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What have been the controversies related to bread
production and/or consumption, historically and in modern times?
250 words
Answers
Controversies related to bread production and/or consumption, historically and in modern times include the following:Historical ControversiesBread has been at the center of many controversies throughout history. For example, in the early 19th century, bakers in the United States were using alum and other additives to whiten bread, which resulted in the creation of laws regulating the use of additives in bread.
In the 20th century, bread was rationed during World War I and II, leading to black markets and smuggling.Modern ControversiesOne of the major controversies surrounding bread in modern times is the use of additives such as high-fructose corn syrup and artificial flavors. Some people believe that these additives are harmful to health and should be avoided. Another controversy is the use of genetically modified organisms (GMOs) in bread production.
While GMOs have been found to increase crop yields, some people are concerned about the potential risks they pose to human health and the environment.Furthermore, there is a controversy surrounding gluten, a protein found in wheat and other grains. Many people are sensitive or intolerant to gluten, leading to a rise in popularity of gluten-free diets and products.
However, some experts argue that the majority of people do not have a gluten sensitivity and that a gluten-free diet may actually be harmful to health. Lastly, the high levels of carbohydrates present in bread have been a subject of debate in recent years. Some people believe that bread should be avoided altogether due to its high carbohydrate content, while others argue that it can be part of a healthy diet in moderation.
In conclusion, bread has been at the center of many controversies throughout history and continues to be a topic of debate in modern times. These controversies often revolve around the use of additives, GMOs, gluten, and high levels of carbohydrates.
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The Cost of sales column total in the CRJ is posted to the debit side of the Cost of sales account and to the credit side of the Trading stock account in the General ledger. The reason for this:
A. When a sales transaction is realised, the original cost of the trading stock purchased must be recorded as an expense.
B. There is no profit made on the sales transaction.
C. We need to indicate that the Trading stock levels in the store have decreased. Cash has been received.
Answers
Option (a), The general ledger's trading stock account's credit side and the cost of sales account's debit side are both updated with the cost of sales column total from the CRJ. The justification for this is that when a sales transaction is accomplished, the original cost of the trading stock must be disclosed as an expenditure.
What appears in the Post Ref column of the general ledger account?Your account ledgers' post references provide the exact location in the journal, such as a page number or line number, where a transaction was recorded. The ability to rapidly compare the sub-ledger record for a given transaction to the original journal item will then be available to anybody looking at it.
What does a general ledger actually look like, and what transactions are recorded there?A general ledger is the name of the book or file that bookkeepers use to record all relevant accounts. The general ledger keeps track of five crucial accounting components: assets, liabilities, owner's capital, revenue, and costs. The transactions that first show in the journals are later updated in the general ledger accounts.
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By the end of a bond's maturity, the investor will have received…
A) Only the face value of the issued bond
B) The face value of the bond issued and interest payments
C) Only interest payments
D) Half the face value of the issued bond and interest payments
Answers
A new business is likely to need what bank service(s)? *
Answers
Answer:
Checking Account tell me if i'm wrong
Explanation:
Given the following probability distributions, what are the expected returns for the market and for Security J?
State Pri M rJ
1 0.3 -10% 40%
2 0.4 10 -20
3 0.3 30 30
Answers
For the given probability distributions, the expected returns for the market is 10% and for Security J is 13%.
Given the following probability distributions, expected returns for the market and for Security J are computed using the formula of weighted average of possible returns. The weights are the probabilities of occurrence of each possible return.
Expected return is the average of the probability distribution of possible returns. An expected return is calculated by multiplying each of the possible outcomes by the likelihood each outcome will occur, and then summing all of those values.
Market Security J
States Probability Market return (M) Security J return (rJ) Pri * M Pri * rJ
1 0.3 -10% 40% -0.03 0.12
2 0.4 10% -20% 0.04 -0.08
3 0.3 30% 30% 0.09 0.09
The expected return of the market is 0.1 or 10% as calculated below:
Expected return of Market = -0.03 + 0.04 + 0.09 = 0.1 or 10%
The expected return of Security J is 0.13 or 13% as calculated below:
Expected return of Security J = 0.12 - 0.08 + 0.09 = 0.13 or 13%
Therefore, the expected returns of the market and for Security J are 10% and 13% respectively.
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WILL GIVE BRAINLIEST, NEED HELP ASAP
1. A company can reduce a surplus of goods if they:
A. Decrease the price
B. Increase the price
C.Does not change the price
2. IPhones have been placed for sale in the market. They can only produce 1 million phones a month, but 200 million want to buy a phone each month creating a shortage. How can Apple eliminate the shortage?
A. Increase the price
B. Decrease the price
C. Do nothing to the price
Answers
"Monetary policy can be described either in terms of the money supply or in terms of the interest rate." This statement amounts to the assertion that a. the activities of the Federal Reserve’s bond traders are irrelevant if the Federal Reserve decides to target an interest rate. b. our analysis of monetary policy is not fundamentally altered if the Federal Reserve decides to target an interest rate. c. changes in monetary policy aimed at expanding aggregate demand can be described either as increasing the money supply or as increasing the interest rate. d. rightward shifts of the money-supply curve cannot occur if the Federal Reserve decides to target an interest rate.
Answers
Answer:
b
Explanation:
The monetary policy is not fundamently altered
Explain why socialist societies do not use a circular flow chart.
Answers
Your account statement arrived. You had a balance of -$52.79. After the $307.74 deposit from Roland's Bookstore, what is your new account balance?
Answers
After the $307.74 deposit from Roland's Bookstore, the new account balance would be $254.95.
This is because the deposit of $307.74 would offset the negative balance of -$52.79, resulting in a positive balance of $254.95. To ensure accurate accounting, it is always important to keep track of your account balance and any transactions that are made.
It is also important to check your account statement regularly to ensure that there are no errors or discrepancies. By doing so, you can avoid overdraft fees and other penalties that may be incurred due to insufficient funds. Additionally, keeping track of your finances can help you better understand your spending habits and make informed decisions about your finances.
In summary, always stay on top of your account balance and take the necessary steps to maintain a positive balance to avoid any unnecessary financial headaches.
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Cash transactions in the General
Ledger show $16,000 in debits
and $15,900 in credits. What is
the overall increase or decrease
in cash?
A. ($31,900)
B. $100
C. ($100)
D. $31,900
Answers
The overall increase in cash is $100. This is because debits increase cash and credits decrease cash. In this case, there are more debits than credits, so the overall increase in cash is $100.
To calculate the overall increase or decrease in cash, we subtract the total credits from the total debits. In this case, we have $16,000 in debits and $15,900 in credits. This gives us a total of $100 in debits. Therefore, the overall increase in cash is $100.
The answer is B.
which form determines how much state income tax is withheld from your paycheck?
Answers
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
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Aiden has a gross income of $63,000 and takes the standard deduction. Their total taxes due are $6,922. What is their marginal tax rate
Answers
Answer:
922Explanation:
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1.5 Businesses must promote creative thinking in the workplace in order to address complex problems. Advise businesses on the following aspects of creative thinking.
1.5.1 The meaning of creative thinking. (2)
1.5.2 Ways to create an environment that promotes creative thinking in the workplace. (8)
1.5.3 Distinguish between problem solving and decision making. (8)
1.5.4 Discuss the application of brainstorming as a problem solving technique. (2)
Total: 50
Answers
Creative thinking is the process of generating new and innovative ideas, approaches, or solutions.
What is generating?Generating is the process of creating something, such as a document, a product, or an idea. It involves the use of resources, skills, and knowledge to create something new. Generating can be done in various ways, such as brainstorming, research, experimentation, and problem solving. Generating can be used to create new products, solve problems, develop ideas, and improve existing products and services.
It involves combining existing ideas in an innovative way and finding fresh and novel solutions to existing problems.
Encourage open communication and collaboration between team members.
Provide employees with the resources and time to explore their ideas.
Reward employees for their creative contributions.
Problem solving is the process of identifying problems and finding solutions to them, while decision making is the process of selecting the best solution to a problem.
Brainstorming is a problem solving technique in which a group of people come together to generate ideas and solutions to a problem.
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Seed capital pays for which of the following?
A. Operating expenses for the first year of a new business
B. Expanding production and advertising budgets
C. Funding for research and development of a business idea
D. Competitive wages for high-tech workers
Edit: It's C
Answers
Answer:
It's C !
Explanation:
Hope you have a good day!
Seed capital pays for: C. Funding for research and development of a business idea.
The seed capital pays for market research for initial steps of product development. For example, development of the prototype or paying for all operating expenses like legal costs.
Seed capital provides operating expenses for the entire process of business. Hence, A is incorrect.
It has no role directly in the expansion of production and advertising budgets. Hence, B is incorrect.
It has no role in decision of competitive wages for high tech workers. Hence, D is incorrect.
Hence, C is correct option.
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PLEASE HELP! you get 20 points
Alfonso comes to you for advice on creating a web application for his new startup, a store that turns discarded clothes into quilts for sale. He’s a novice when it comes to these things, so he asks you to give him advice on what kinds of functions would be useful for the application, as well as why an app is useful beyond providing a digital store front. In a paragraph, summarize your advice to Alfonso.
Answers
Answer:
i need help with this too someone please help
Explanation:
Answer:
An app would be important because you could track your orders easier and you would be able to promote the product. THe main function would need to be the ability to manage a business while trying to get all of the product made while finding people to be part of your business. IF you are going to interview employees they would have to know how to stitch and sew.
Explanation:
TRUST ME ON THIS ONE
Porter's Five forces can be applied to competition in the Hotel industry. According to Cheng (2013), the main competitive forces and factors within those forces will determine the feasibility and potential profitability in a hotel project. Analyse each of these forces as they apply to your HOTS simulation hotel, and comment on the crucial factors that enabled your property to differentiate itself in the market.
Answers
The crucial factors that enabled your HOTS simulation hotel to differentiate itself in the market could include its unique location, strong brand reputation, exceptional guest experiences, personalized services, a wide range of amenities, efficient inventory management, customer loyalty programs, and effective marketing strategies.
By focusing on these factors and effectively managing each of Porter's Five Forces, your hotel was able to create a competitive advantage and enhance its feasibility and potential profitability in the hotel industry.
Applying Porter's Five Forces to competition in the hotel industry, let's analyze each force and the crucial factors that enabled your HOTS simulation hotel to differentiate itself in the market:
1. Threat of New Entrants:
In the HOTS simulation, the threat of new entrants could be relatively high if there were low barriers to entry, such as easy access to financing and a favorable regulatory environment. However, factors that could have enabled your hotel to differentiate itself and mitigate the threat include:
- Unique location or access to a prime tourist destination.
- Strong brand reputation or established customer base.
- High capital requirements, making it challenging for new entrants to invest.
2. Bargaining Power of Suppliers:
Suppliers in the hotel industry may include food and beverage providers, housekeeping suppliers, and technology vendors. Key factors that could have allowed your hotel to differentiate itself and reduce supplier power include:
- Developing strong relationships with suppliers and negotiating favorable contracts.
- Implementing efficient inventory management systems to control costs.
- Diversifying supplier sources to maintain a competitive advantage.
3. Bargaining Power of Buyers:
Buyers in the hotel industry are typically individuals, travel agencies, or corporate clients. Factors that may have enabled your hotel to differentiate itself and reduce buyer power include:
- Offering unique amenities or services that cater to specific customer segments.
- Maintaining high customer satisfaction through excellent service quality.
- Implementing loyalty programs to incentivize repeat bookings and foster customer loyalty.
4. Threat of Substitute Products or Services:
Substitute products or services in the hotel industry can include alternative accommodation options like vacation rentals or bed and breakfasts. Crucial factors that may have enabled your hotel to differentiate itself and mitigate this threat include:
- Providing exceptional guest experiences and personalized services.
- Offering a wide range of amenities and facilities not easily replicated by substitutes.
- Leveraging technology to enhance the booking process and create a seamless guest experience.
5. Intensity of Competitive Rivalry:
The hotel industry is highly competitive, with numerous hotels competing for market share. Factors that may have enabled your hotel to differentiate itself and gain a competitive advantage include:
- Developing a unique value proposition and positioning within the market.
- Offering competitive pricing strategies and promotional campaigns.
- Investing in marketing and advertising to build brand awareness and attract customers.
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Give examples of B2C,B2B,C2C and social,mobile and local e-commerce besides those listed in the book
Answers
Explanation:
Full meaning of acronyms:
B2C = Business to Consumer.B2B = Business to Business.C2C = Consumer to Consumer.Business to Consumer: This involves businesses that directly deal (sell to) with consumers. For example, Amazon, etc.
Business to Business: These businesses directly service or sell to other businesses, not to the final consumer. For example, Microsoft and Intel (in this case Intel sells its microchips to Microsoft).
Consumer to Consumer: These business transactions are carried between consumers only. For example, Craigslist website.
Discuss the need for blood pressure monitoring in regard to hypo-
or hypertension. What is the normal range for blood pressure?
Answers
Blood pressure monitoring is essential for both hypo- and hypertension. Hypertension, or high blood pressure, is a silent condition that can lead to serious health problems, including heart disease and stroke.
Hypotension, or low blood pressure, can cause dizziness and fainting. The normal range for blood pressure is typically around 120/80 mmHg. Hypertension: Monitoring blood pressure is crucial for detecting and managing hypertension. High blood pressure often has no noticeable symptoms but can cause damage to blood vessels and organs over time. Hypotension: Monitoring blood pressure is important in cases of hypo tension as well. Low blood pressure can result in inadequate blood flow to organs and tissues, leading to symptoms such as dizziness, weakness, and fainting. Normal range: The normal range for blood pressure is typically considered to be around 120/80 mmHg. The systolic pressure (top number) represents the pressure in the arteries when the heart contracts, while the diastolic pressure (bottom number) represents the pressure when the heart is at rest.
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Can people boost their points on their questions?
Answers
Answer:
Yes.
Explanation:
Which of the following statements is true?
A. The World Trade Organization tries to determine who to blame in
trade disputes.
B. The World Trade Organization is only concerned with trade among
industrialized countries.
C. The World Trade Organization tries to improve trading prospects
for developing countries.
D. The World Trade Organization eventually resolves all trade
disputes successfully
SUBMIT
Answers
Answer:
C. The World Trade Organization tries to improve trading prospects
The World Trade Organization tries to improve trading prospects out of the following statements is true. The correct option is C. When countries agree to open their markets for products or services in the WTO, their commitments are "bound."
What value does the WTO bring to developing countries?The WTO accords contain various provisions that grant developing and least-developed countries unique rights or extra leniency – "special and differential treatment." Among these are provisions that allow developed countries to treat developing countries more favorably than other WTO members.
The World Trade Organization runs the global trade rules system and assists developing countries in increasing their trade capability. It also provides a venue for its members to negotiate trade agreements and resolve trade disputes with one another.
Thus, the ideal selection is option C.
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during may, hatch company incurred factory overhead costs as follows: indirect materials, $3,170; indirect labor, $3,070; utilities cost, $1,620; and factory depreciation, $2,090.
Answers
The company's total expense for the month of May was $9,950.
What are business expenses?The expenses of a company is a term to refer to all the goods or services necessary for the operation of a company. Generally, there are some services and goods that the company must purchase externally so it must pay for them instead of producing them itself.
According to the above, to calculate the monthly expenses of this company we must add all the values as follows:
$3,170 + $3,070 + $1,620 + $2,090 = $9,950.
Note: This question is incomplete due to missing information. Here is the complete information:
Ask
Calculate the total expense of the company during the month of May.
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The per diem employee makes $110.00. He works 25 days in the month. What is his gross pay?
Answers
To calculate the gross pay of the per diem employee, we need to multiply his daily rate by the number of days he worked in the month.
Daily pay = $110.00
Number of days worked = 25
Gross pay = Daily pay x Number of days worked
Gross pay = $110.00 x 25
Gross pay = $2,750.00
Therefore, the gross pay of the per diem employee is $2,750.00.
__________ visually shows that the total revenue curve and the total cost curve intersect at a point of zero profit.
A) break-even chart
B) Gantt chart
C) sales response function
D) cross tabulation
E) demand curve
Answers
Answer:
C it would be hope this helped
PLZ HELP ME!!!!!!
Which statement about credit card interest rates is TRUE?
A.) The more money you spend on purchases, the higher your interest rate will be
B.) A high interest rate means you'll pay MORE money total
C.) A high interst rate means you'll pay LESS money total
D.) Most credit cards do not charge any interest rate
Answers
Answer:
I think its A?
Explanation:
Which of these is a nonstore retailer?
A. Vending machine
O B. Department store
C. Warehouse club
O D. Supermarket
Answers
A Vending machine is a non-store retailer. Thus option (A) is correct. A retailer is a person or business that you purchase goods from.
Who is a retailer?A retailer is an individual or an entity that deals directly with consumers. It can be a business that sells and goods and service to consumers through brick and mortar store or an online platform.
A Retailer can be a small store or a large enterprise that deals in an assortment of products. Walmart and Amazon are some of the well-known retailers.
The fact that retailers deal with end consumers is one of the reasons why most of them deal in a wide array of products ranging from clothing to jewelry books as well as electronics.
Most modern retailers typically make a variety of strategic level decisions including the type of store, the market to be served, the optimal product assortment, customer service, supporting services, and the store's overall market positioning.
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If the company issues common stock of $5,000 and pay dividends of $40,900, how much is net income (loss)?
Answers
Answer:
1. $13,000
2. $34,000
3. $52,200
4. $28,100
5. $13,700
6. ($18,500)
Explanation:
Hi, I have attached the full question as pdf below
The Accounting equation is stated as :
Assets = Equity + Liabilities
also stated as,
Equity = Assets - Liabilities
therefore,
1. Equity = $29,000 - $16,000 = $13,000
2. Equity = $63,000 - $29,000 = $34,000
now
Beginning Equity + Common Stock Issue + Net Income - Dividends = Ending Equity
where,
Beginning Equity = $13,000 (calculated)
Ending Equity = $34,000 (calculated)
therefore,
3. Net Income = $34,000 +$36,700-$13,000-$5,500 = $52,200
4. Common Stock = $34,000 + $8,100 - $13,000 - 1,000 = $28,100
5. Dividends = $13,000 + $16,700 + $18,000 - $34,000 = $13,700
6. Net (Ioss) = $34,000 - $13,000 - $41,100 + $1,600 = ($18,500)
A company can buy a machine that is expected to have a three-year life and a $21,000 salvage value. The machine will cost $1,764,000 and is expected
to produce a $191,000 after-tax net income to be received at the end of each year. If a table of present values of $1 at 12% shows values of 0.8929 for
one year, 0.7972 for two years, and 0.7118 for three years, what is the net present value of the cash flows from the investment, discounted at 12%?
Multiple Choice
$105,214
$564 457
$615,438
$689,319
O $1,869,214
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Answers
The net present value of the cash flows from the investment, discounted at 12% is $564,457.
Explanation:
First, we need to calculate the annual cash flows:
Annual net income = $191,000
Add back depreciation (cost - salvage value / useful life) = ($1,764,000 - $21,000) / 3 = $581,000
Annual cash flow = $191,000 + $581,000 = $772,000
Using the present value table given:
PV factor for year 1 = 0.8929
PV factor for year 2 = 0.7972
PV factor for year 3 = 0.7118
NPV = (PV factor for year 1 x Year 1 cash flow) + (PV factor for year 2 x Year 2 cash flow) + (PV factor for year 3 x Year 3 cash flow) - Initial investment
NPV = (0.8929 x $772,000) + (0.7972 x $772,000) + (0.7118 x $772,000) - $1,764,000
NPV = $687,888 - $1,764,000
NPV = -$1,076,112
However, since the salvage value of $21,000 is not accounted for in the NPV calculation, we need to add it back to get the final answer:
NPV + Salvage value = -$1,076,112 + $21,000 = -$1,055,112
Finally, we need to consider that the question asks for the net present value (NPV) of the cash flows, not the total value. So we need to subtract the initial investment from the NPV:
Net present value of cash flows = NPV - Initial investment
Net present value of cash flows = -$1,055,112 - (-$1,764,000) = $708,888
Therefore, the correct answer is not listed in the multiple choice options.
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