A Moving to another question will save this response. Question 11 Which of the following statements is a limitation of the income statement? A. Provide a basis for predicting future performance. B. Help assess the risk or uncertainty of achieving future cash flows. C. Income measurement involves judgment. D. Evaluate the past performance of the enterprise.
Answers
The limitation of the income statement is that income measurement involves judgment.
The income statement helps evaluate the past performance of the enterprise. In the limitation of the income statement, it is noted that income measurement involves judgment. The following statements are true regarding the limitation of the income statement:
Limitations of Income statement:
Income Measurement Involves Judgment: In accounting, income can't be easily calculated. Revenue recognition methods used by the accountants require judgement, for example, the percentage of completion method, the completed-contract method, etc. These approaches involve assumptions that may or may not be accurate. The value of inventory, depreciation methods, and estimation of bad debts are all dependent on accounting judgment. These assumptions can be easily altered to change the reported profit or loss of an organization. Therefore, the use of judgement in the preparation of the income statement makes it a limited tool for evaluating a company's profitability.
Provide a Basis for Predicting Future Performance: An income statement does not provide any guarantee of future performance. Since it shows previous period data, it does not indicate how a firm will perform in the future. It is possible that a company that has shown profits in the past might fail to do so in the future, and vice versa.
Help Assess the Risk or Uncertainty of Achieving Future Cash Flows: This statement is also incorrect. An income statement, as mentioned earlier, does not provide any guarantee of future performance, as a result, it cannot assess the risk or uncertainty of achieving future cash flows.
Evaluate the Past Performance of the Enterprise: This statement is correct. An income statement provides information on a company's revenue and expenses over a specific period of time, typically a quarter or a fiscal year. This aids in the evaluation of the company's performance over the period specified.
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Related Questions
Steps in achieving success in strategic decision. (Subject: Enterprise Systems and Architecture).
Answers
The steps in achieving success in strategic decisions are to: Assess the Situation, Determine the Objective, Strategize, Develop and Monitor Plans and Adjust accordingly.
Assess the Current Situation: The first step is to understand the current situation. Understanding the present situation assists you in identifying the areas where changes are necessary. A successful strategic decision is based on a comprehensive understanding of the current situation.Determine the Objective: Define your goal to make a strategic decision. Identify what you want to accomplish. Having a clear objective enables you to develop a strategic plan.Define Strategies: Establish strategies for achieving your objectives. These strategies should be specific and should align with your objectives. Develop an Action Plan: Develop an action plan that outlines the steps necessary to implement the strategies. This plan should also include who will be responsible for each action.Monitor Progress: Check to see if the strategies and action plan are working as intended. Tracking progress will allow you to identify issues and adapt your strategy as needed.Adjust the Strategy: If the current strategy is not working, change it. Developing a successful strategic decision necessitates flexibility and the ability to adapt to changing situations.The above steps will ensure success in strategic decision-making.
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a certification offered by the business continuity institute is called ____.
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The certification offered by the Business Continuity Institute is called the CBCI (Certified Business Continuity Institute) certification.
The Certified Business Continuity Institute (CBCI) certification is a globally recognized certification program offered by the Business Continuity Institute (BCI). The BCI is a professional organization dedicated to promoting the highest standards of business continuity management and resilience. The CBCI certification is designed for professionals working in the field of business continuity management. It provides a comprehensive understanding of business continuity principles, practices, and methodologies.
Earning the CBCI certification demonstrates an individual's knowledge and expertise in business continuity management. It signifies a commitment to maintaining the highest standards in the profession and enhances credibility within the industry. The certification is typically achieved through a combination of training, professional experience, and successfully passing an examination. By obtaining the CBCI certification, professionals gain valuable skills and competencies to effectively manage and respond to disruptions, ensuring the continuity of critical business operations and minimizing the impact of potential threats or disasters.
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Kira, the general manager of a travel agency, believes that her workers are responsible and capable, and that they can be trusted when given responsibility. Kira is an example of a ________ manager.
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Kira is a theory Y manager if she believes that her workers are capable and can be trusted to meet up with responsibilities.
Who is a Theory Y manager?This is a term that is used to refer to managers or people that have an optimistic approach to life and people.
The people like Kira are trusting and love to use a participatory style of management.
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The Earth has a moment of inertia, I = 8.04×10^37 kg*m^2. The Earth rotates at a moderate angular velocity of 7.2921159 ×10^−5 radians/second.
Using Conservation of Angular Momentum we can find the new rotation of the earth.
L=I*omega= 8.04×10^37 kg*m^2 * 7.2921159 × 10^−5 = 5.86286*10^33.
5.86286*10^33 = (8.04×10^37 + 1.5424*10^22) *omega
-> solve for omega = 7.292115899502489e-05
This is 4.97511e-15 rad/s slower than earth's original rotation. This translates to 6.752*10^-10 seconds = 0.6752 nanoseconds longer per day.
Components A, B, and C are connected in series. Component D is connected in parallel to component B. Which of the following statements is true? The system works only if A works, B or C works, and D works. The system works when A works, C, works, and either B or D works. Component B must work for the system to work. Components B and Care backups to A. The system works if D works, and any of A, B, or C works.
Answers
In the given system, components A, B, and C are connected in series, while component D is connected in parallel to component B. The system works if A works, C works, and either B or D works. The correct answer is option b.
This configuration implies that the system operates as long as there is a complete path for current flow.
For the system to work, component A needs to work since it is the starting point of the series connection. Additionally, component C needs to work as it is in series with A, ensuring the flow of current throughout the circuit. As for component B, it is essential for the system to work since it is part of the main series connection.
However, there is an alternative path provided by component D, which is connected in parallel to B. This means that if either B or D works, the system can still function properly. Therefore, the system works when A works, C works, and either B or D works.
Components B and C can be seen as backups to component A, providing alternative routes for current flow. As long as there is a functional path through any of these components, the system can operate successfully.
The correct answer is option b.
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Complete Question
Components A, B, and C are connected in series. Component D is connected in parallel to component B. Which of the following statements is true?
a. The system works only if A works, B or C works, and D works.
b. The system works when A works, C, works, and either B or D works.
c. Component B must work for the system to work. Components B and Care backups to A.
d. The system works if D works, and any of A, B, or C works.
one company is facing several decisions regarding investing and financing activities. address each decision independently. on june 30, 2024, the stone company purchased equipment from paper corporation. stone agreed to pay $15,000 on the purchase date and the balance in six annual installments of $7,000 on each june 30 beginning june 30, 2025. assuming that an interest rate of 12% properly reflects the time value of money in this situation, at what amount should stone value the equipment? stone needs to accumulate sufficient funds to pay a $450,000 debt that comes due on december 31, 2029. the company will accumulate the funds by making five equal annual deposits to an account paying 5% interest compounded annually. determine the required annual deposit if the first deposit is made on december 31, 2024. on january 1, 2024, stone leased an office building. terms of the lease require stone to make 20 annual lease payments of $125,000 beginning on january 1, 2024. a 12% interest rate is implicit in the lease agreement. at what amount should stone record the lease liability on january 1, 2024, before any lease payments are made?
Answers
$1,109,479.93 amount should stone record the lease liability on january 1, 2024, before any lease payments are made which means Present Value of Lease Liability is $1,109,479.93
Requirement 1
Equipment should be recorded at its Cash Price Equivalent. But in the absence of such, it is recorded at the present value of payments or fair value at the time of acquisition, whichever is lower.
Since Cash Price Equivalent and fair value is not available, we will use the discounted value of payments.
Annual Payments = $6,000
PV of 11% ordinary annuity for 6 periods = 4.23054
Present Value of Annual Payments = $6,000 x 4.23054 = $25,383.24
Add: Down Payment - $29,000
Present Value of Equipment = $54,383.24
Requirement 2
Future Value of Debt = $590,000
Future Value factor of 6% for 5 periods = 5.63709
Required Annual Deposits = $590,000 / 5.63709 = $104,663.93
To raise a total of $590,000, Johnstone should invest $104,663.93 annually to pay off its debt due in December 31, 2021.
Requirement 3
Lease liability are recorded at the present value of the total minimum lease payments.
Annual Payment = $139,000
Present Value factor of 11% annuity due for 15 periods = 7.98187
We use annuity due because the payments are made in advance.
Present Value of Lease Liability = $139,000 x 7.98187 = $1,109,479.93
Lease liability is recorded at its present value. An interest expense is also recognized annually for the whole life of lease.
Investments are monetary resources purchased in order to earn returns in the future or to be sold in the future for profit. The higher the investment, the higher the return is. But it also means higher risk.
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Payroll records show employee earnings and any deductions from those earnings.
True
False
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When Dunkin Donuts decided to expand into the international markets of India, Japan, and Argentina, management realized that there would be significant differences in the standards of living, credit, buying power, and income distribution in those countries. Dunkin Donuts is currently examining the ____ forces in its environmental analysis.
Answers
Answer:
economic
Explanation:
Globalization can be defined as the strategic process which involves the integration of various markets across the world to form a large global marketplace. Thus, globalization makes it possible for various organizations to produce goods and services that is used by consumers across the world.
Economic forces can be defined as the factors that influence and determine the level of success, competitiveness and the direction of the economy in which a business firm operates in
In this scenario, Dunkin Donuts is currently examining the economic forces in its environmental analysis.
Basically, economic forces include the inflation rate, standards of living, unemployment rate, credit, law, purchasing power, tax rates, government policies, and income distribution of a particular country.
You are putting away return documents for overnight common carrier supply chain CIII-CV's. You know the documentation must be stored in the CIII-CV return invoices/destruction records of the regulatory records box. Which of the following documentation must be maintained? Select all that apply. Key Rec Carrier Shipping Label Security Seal Time Stamped Envelope
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The documentation that must be maintained for overnight common carrier supply chain CIII-CV's includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
In the context of overnight common carrier supply chain CIII-CV's, several documents are necessary to ensure proper record-keeping and regulatory compliance.
Among the options provided, the documentation that must be maintained includes the Carrier Shipping Label, Security Seal, and Time Stamped Envelope.
The Carrier Shipping Label is crucial as it contains essential information about the shipment, such as the origin, destination, tracking number, and other relevant details.
It serves as a means to identify and track the package throughout the supply chain.
The Security Seal is another important documentation that must be maintained. It provides evidence of tamper-proofing and ensures the integrity of the package during transit.
Keeping track of the security seal helps maintain the chain of custody and provides a level of security for the contents of the shipment.
Lastly, the Time Stamped Envelope is likely required to maintain a record of the date and time when the documentation was sent or received. This can be useful for compliance purposes, dispute resolution, or auditing purposes.
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the ending inventory valuation using the lifo cost flow method is made up of
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The ending inventory valuation using the LIFO cost flow method is made up of the most recent inventory purchases, as they are the first to be sold according to the LIFO principle.
According to LIFO, the assumption is that the most recent inventory items purchased or produced are the first ones to be sold or used, while the older inventory items remain in the ending inventory.
Therefore, the ending inventory valuation using LIFO consists of the older inventory items that have not been sold or used up during the accounting period. These older inventory items are valued at their respective costs at the time they were acquired or produced.
It's important to note that the LIFO method assumes that the older inventory items have a higher cost compared to the more recently acquired or produced items due to factors like inflation or price increases over time. As a result, the LIFO method often leads to a lower valuation of the ending inventory compared to other cost flow methods like FIFO (First-In, First-Out).
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Because attempting to define a particular market can be difficult and controversial the Federal Trade Commission has begun to look less at market share and more at the data on actual ______________________________. competition in the overall economy selective anti-competitive industry practices competition between businesses market definition
Answers
Answer:
competition between businesses
Explanation:
The Federal Trade Commission can be regarded as independent agency that is been set up by United States government to enforce antitrust law as well as carry out of the promotion of consumer protection. Since to define a market can seems difficult, they tends to use competition between businesses when carrying out their operation. Business competition can be regarded as a process whereby different companies as well as individuals compete in the same industry, this could be in the type of product and services been offered, with compitition, the consumers can have different options when seeking for product not services to consume.
Firms pursuing a ________ strategy focus on the realization of location and experience curve economies.
Answers
Firms pursuing a global standardization strategy focus on the realization of location and experience curve economies.
What is a global standardization strategy?The capacity to apply standardized marketing messaging and campaigns across markets, regions, and cultures is referred to as a global standardization strategy. Global standardization is used by the world's largest brands, such as Adidas and Coca-Cola, to offer a consistent brand experience across countries and languages.
For example, the Coca-Cola Company uses global standardization in marketing by keeping the product's presentation largely consistent throughout markets. Even though several languages are shown on the items, the corporation uses the same design motif.
These advantages include cost reduction, international price reduction, competitive decrease, market position consolidation, and promotion of a distinct international image.
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the process of analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred for doing so is called:
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The process of analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred for doing so is called activity-based costing (ABC).
ABC is a cost accounting method that identifies the activities performed in a company, assigns costs to each activity, and then assigns those costs to the products or services that require those activities. The goal of ABC is to provide a more accurate picture of the true costs of producing products or providing services.
By understanding which activities are adding value and which ones are not, organizations can make informed decisions about where to focus their resources and efforts to improve their profitability and competitiveness.
ABC is particularly useful in industries where there are high levels of overhead costs, such as manufacturing or healthcare. It allows companies to identify the activities that are driving up their costs and find ways to reduce them, which can ultimately lead to increased profits and better customer satisfaction.
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The process of analyzing an organization's activities to determine where value is added to products and/or services and the costs incurred for doing so is called activity-based costing (ABC).
ABC is a cost accounting system that identifies a company's activities, allocates costs to each action, and then assigns those costs to the goods or services that need those activities. ABC's purpose is to present a more realistic view of the true costs of manufacturing goods or providing services.
Organizations may make educated judgments about where to spend their resources and efforts to increase their profitability and competitiveness by identifying which activities create value and which do not.
ABC is especially beneficial in areas with significant overhead expenses, such as manufacturing or healthcare. It enables businesses to discover the activities that are driving up their expenses and find solutions to minimize them, resulting in higher profitability and improved customer satisfaction.
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Which is not the cost of rising unemployment in an economy?
a)Lower Tax Revenues (Government collects less taxes)
b)Higher Benefits Payments
c)Crime, Vandalism, Family Breakdowns, Social Welfare, and Regional Decay in the Society
d)Opportunity Cost of Lost Potential Output
e)Flourishing Economy
Answers
Answer:
e)Flourishing Economy
Explanation:
Unemployment is a scenario where members of the adult population seek job opportunities but cannot get any. Therefore, an unemployed person is a jobless adult who is actively seeking employment.
Unemployed people have no income, which means they do not pay taxes. They may resort to crime to support themselves. Jobless people usually claim unemployment benefits, which is a burden to the government. A jobless person is mostly idle, which is a waste of skill, time, and knowledge.
Unemployment has adverse effects on the economy. It does not support the growth or flourishing of economic activities.
The asset that is most susceptible to employee fraud is.
Answers
The asset in a company that is typically susceptible to fraud by the employees is known as cash.
What is an asset?An asset simply means the resource that is controlled or owned by a company.
The asset in a company that is typically susceptible to fraud by the employees is known as cash. It should be noted that an asset in a company is important as it can produce positive economic value.
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Explain the various segments of the NSE
Answers
Answer:
NSE provides trading in the following two segments (i) Whole Sale Debt Market Segment This segment provides a trading platform for a wide range of fixed income securities that include central government securities, treasury bills, state development loans, bonds issued by public sector undertakings, floating rate bonds, ...
Based on the graph shown above, which of the following is the equallibrium quantity and price at which the compony should sell the truck
Answers
Based on the graph shown above, the following is the equilibrium quantity and price at which the company should sell the truck: option B. 300 trucks at $6 per truck
What is an equilibrium quantity and price?In economics, an equilibrium quantity and price refers to a state in which the quantity of a good or service that a seller is willing to supply is equal to the quantity that a buyer is willing to demand, and the price at which this transaction occurs is the equilibrium price. This is also known as market equilibrium.
At the equilibrium price, there is no surplus or shortage of the good or service, and the market is said to be in balance. If the price is higher than the equilibrium price, there will be a surplus of the good or service, and if the price is lower than the equilibrium price, there will be a shortage.
The equilibrium quantity and price are determined by the interaction of supply and demand in a market. When the supply and demand curves intersect, the equilibrium quantity and price are established.
Therefore, the correct answer is as given above
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The complete question goes thus:
A toy company created a new truck to offer to consumers.
Based on the graph shown above, which of the following is the equilibrium quantity and price at which the company should sell the truck?
A. 200 trucks at $8 per truck
B. 300 trucks at $6 per truck
C. 400 trucks at $8 per truck
D. 200 trucks at $4 per truck
Identify the claim. ""The cost of poor health among uninsured people was almost $125 billion in 2004. "" ""The financial burden of uninsurance is also high for uninsured individuals. "" ""Uninsured people are less likely to receive care and more likely to have poor health status. "".
Answers
The condition of uninsured people in the United States is very well written in the paragraph where it highlights the fact that uninsured people are less likely to receive care and more likely to have poor health status.
What do you mean by medically uninsured?
In the US, more or less than 50 million do not have health insurance, and an additional 10-20% of people do not have insurance.
Uninsured are not eligible for Medicaid, which is the safety net for most Americans, because they do not qualify for country-based benefits, dependent assistance families, or do not meet other financial or class conditions.
The financial burden of medical care is high on uninsured individuals. It is told that most of them disappear as they do not have enough money to cover the high medical expenses.
Thus, we can say that uninsured people are less likely to receive care and more likely to have poor health status due to lack of finance.
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Answer:
“Uninsured people are less likely to receive care and more likely to have poor health status.”
Explanation:
next one is "Uninsurance is a financial burden."
Please help I’ll reward u after I promise
make me a slide it has be base on my first apartment & I choose parkline palm beaches , answer these questions
1.city
2.state
3.zip
4.why u choose that location
5.pictures of the exterior apartment
6. Name of CommunityApartment Features
# of Bedrooms
# of Bathrooms
Square Feet
Lease Period
Amenities of Complex
Pool
Gym
Dog Park
7. Pictures of InteriorWhats included
Cable
Utilities
Water
Washer/Drver
Dishwasher
Wifi
Basic Cable
8. FinancialAmount of Security Deposit
Amount of Rent
Move In Specials
Amount for Move In
Pls answer all the questions
Answers
You can make a slide about your first apartment using the information provided below, considering costs and location, and what is included.
City: Palm Beach GardensState: FloridaZip: 33410Parkline Palm Beaches is located in a vibrant and growing community with easy access to nearby restaurants, shopping, entertainment, and outdoor activities. It is also conveniently located near major highways, making it easy to commute to work or other destinations.Name of Community: Parkline Palm BeachesApartment Features:
1, 2, and 3 bedrooms available1-2 bathrooms729 - 1,263 square feetFlexible lease periods availableAmenities of Complex:
Resort-style pool24-hour fitness centerBark parkWhat's included:
Basic cableHigh-speed internetWasher/dryer in-unitDishwasherWater and utilities includedFinancial:
Security deposit: $500 - $800Rent: $1,684 - $2,888 per monthMove-in specials vary, please contact the leasing office for detailsTotal move-in costs depend on the security deposit and first month's rent.How to make a slideTo make a slide, or a few of them, you must choose photos of the apartment complex that you have chosen. If possible, find photos of the inside of the apartment as well.
The written information you include in each slide must be consistent with the photo you are using. Thus, talk about the apartment features with photos that show the apartment on the inside, such as its kitchen and bedrooms.
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A corporation has 3000 shares, 10% preferred stock of $55.00 par preferred stock, and 6000 shares of common stock outstanding. The net income for the year is $300,000. Calculate earnings per share. (Round your answer to the nearest cent.)
Answers
Answer:
the earning per share is $47
Explanation:
The computation of the earning per share is shown below;
= (Net income - preference dividend) ÷ number of common stock outstanding
= ($300,000 - (3000 × $55 × 10%) ) ÷ 6,000 shares
= $47.25
= $47 per share
Hence the earning per share is $47
All real estate advertising (use of business stationary, newsletters, billboards, etc.) must be done only with the ____________ knowledge and consent.
Answers
When making use of real estate advertising, it is important to get both the broker's knowledge and consent to create awareness.
What is Advertising?
This refers to the creation of awareness for a product or service to get people to buy and create sales and profit as a result.
Hence, in the case of real estate advertising, it is vital that the broker is aware and gives his consent before the awareness creation is done about a piece of property.
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It is extremely important for a researcher to clearly define the variables in a study because this helps to determine the type of analysis that can be performed on the data. for example, if a researcher wanted to describe countriescountries based on isbn left parenthesis international standard bookisbn (international standard book number right parenthesis group identifiernumber) group identifier, what level of measurement would the variable "isbn group identifierisbn group identifier" be? now suppose the researcher felt that certain countries who were farthercountries who were farther northnorth received higher identifying numbersidentifying numbers. does the level of measurement of the variable change? if so, how?
Answers
Answer:
Nominal, ordinal
Explanation:
The ISBN numbers given to countries are nominal data as they function only as identifiers and merely used to tell one country from the other as regards ISBN numbers. Nominal measurements are categorical and are seen as names such as I would name 2 persons person 1 and person 2 respectively. Ordinal values are given with condition such that they are given based on certain order. example the countries are given ISBN numbers based on how farther away they are from the north
In your mirror, you see a car approaching from the rear. The next time you check the mirror, you don't see the car. To change lanes, you should:
Answers
If you no longer see the car in your mirror, you should still take a quick glance over your shoulder in the direction you intend to move to make sure it is safe to change lanes.
This is called a shoulder check or a blind spot check, and is an important step to ensure that there are no other vehicles or hazards in your intended path. Even if you have checked your mirrors and do not see any vehicles behind you, there may still be blind spots that are not visible in your mirrors. By checking your blind spot, you can ensure that there are no other vehicles that you might have missed in your mirrors. Once you have confirmed that it is safe to change lanes, you can signal your intention to change lanes, check your mirrors again, and then make the lane change smoothly and gradually.
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What does it mean to invest your own risk?
Answers
The class trip is going to cost each of the fifty
students $130.00. If tax is 5%, what is the total
cost for the entire class?
Answers
Answer:
$6,825.00
Explanation:
50x$130=$6,500.00
$6,500 × 5% = $325.00
$325.+$6,500=6,825.00
What can the federal government do to finance a deficit?
a) cut taxes.
b) increase purchases of goods and services.
c) increase transfer payments.
d) borrow funds.
Answers
The most effective way for the federal government to finance a deficit is by borrowing funds (d), while the other options may not directly address the deficit or could even make it worse.
The federal government can finance a deficit through various methods, one of which is by borrowing funds (d). When the government faces a budget deficit, it means that its expenses exceed its revenue. In order to cover these additional costs, it can issue debt securities such as treasury bonds, bills, and notes. Investors purchase these securities, providing the government with the needed funds. Over time, the government repays the investors with interest.
The other options mentioned, such as cutting taxes (a), increasing purchases of goods and services (b), and increasing transfer payments (c), may not be effective methods for financing a deficit. In fact, they could exacerbate the deficit.
Cutting taxes (a) would result in a decrease in government revenue, which could worsen the budget deficit. This strategy may be used to stimulate economic growth, but it is not an effective method for directly financing a deficit.
Increasing purchases of goods and services (b) could lead to higher demand and economic growth. However, this action would also increase government expenditures, thus worsening the deficit rather than financing it.
Increasing transfer payments (c), such as social security benefits or unemployment insurance, could help support individuals in need, but it would also increase government expenses and potentially enlarge the deficit.
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a stronger u.s. dollar in the international exchange markets will result in a decrease in aggregate demand (ad). why?
Answers
The U.S. aggregate demand curve will be shifted to the left and output demand will be reduced by a stronger currency.
The soaring U.S. dollar, which has reached more than a two-decade high versus the Euro so far this year, is causing changes in the international trade profile of America because it drives down the price of imports for American consumers while driving up the price of exports of American goods. Exports will cost more as a result of the dollar's gain, which will result in a volume reduction. On the other hand, imports will increase in volume as they become more affordable. The overall demand in the US will decline as a result of the rise in imports and decline in exports.
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You have an employee that is confronted with an avoidance-avoidance conflict. he must make a choice, but either choice will result in undesirable consequences. what do you predict will happen?
Answers
In an avoidance-avoidance conflict, individuals may procrastinate, choose the least negative option, seek advice or prioritize long-term goals.
An avoidance-avoidance conflict presents people with a difficult choice where both options have negative outcomes. The precise result is difficult to predict because it depends on numerous different factors. However, a number of outcomes are conceivable. Procrastination is a strategy that some people use to put off making a choice in the hopes of coming up with a better one.
As an alternative, they might decide to take a minimalistic approach, which has the fewest drawbacks. Another option is to ask for advice from others or rely on outside assistance. Some people in spite of short-term discomfort may prioritize long-term objectives and choose the option that is consistent with their larger goals. In the end, the result is determined by a person's coping mechanisms, problem solving skills and capacity to make challenging decisions.
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you would like your database to automatically update when you update your spreadsheet you should ?
Answers
If you would like a database to automatically update when you update your spreadsheet, you should link them to other file. You can directly link it with an external source.
What is a database?A database is an information that is set up for easy access, management and updating. Computer databases typically store aggregations of data records or files that contain information, such as sales transactions, customer data, financials and product information. Databases are used for storing, maintaining and accessing any sort of data. They collect information on people, places or things.
That information is gathered in one place so that it can be observed and analyzed. Databases can be thought of as an organized collection of information.
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If the breakeven point is 20,000 and the contribution margin is $1.30, how much are fixed costs?
A) 20,000
B) $26,000
C) $15,384
Answers
Fixed costs can be calculated by subtracting the contribution margin per unit from the selling price per unit and then dividing the result by the contribution margin per unit.
Using the given information, we can calculate the fixed costs as follows:Contribution margin per unit = Selling price per unit - Variable cost per unit$1.30 = Selling price per unit - Variable cost per unit Breakeven point = Fixed costs / Contribution margin per unit$20,000 = Fixed costs / $1.30 per unit
Solving for fixed costs, we get:
Fixed costs = $20,000 x $1.30 per unit
Fixed costs = $26,000
Therefore, the fixed costs are $26,000.
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