Business
Business, 12.12.2019 19:31, OhDee8269

winters, inc. is preparing financial statements to be distributed to investors and creditors. the company should prepare the income statement using

a. absorption costing because it is better for controlling purposes.

b. variable costing because it is better for planning purposes.

c. absorption costing because it follows gaap.

d. variable costing because it follows gaap.

answer
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 01:40, lb4628830
Select the word from the list that best fits the definition sometimes
Answers: 2
image
Business, 22.06.2019 14:30, benjaminmccutch
Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
Answers: 1
image
Business, 23.06.2019 02:00, raprocksbob
Andrea's opportunity cost rate is 12 percent compounded annually. how much must he deposit in an account today if he wants to receive $2,100 at the beginning of each of the next seven years? use the equation method to determine the amount.
Answers: 3
image
Business, 23.06.2019 14:30, jonmorton159
The manda panda company uses the allowance method to account for bad debts. at the beginning of 2018, the allowance account had a credit balance of $92,400. credit sales for 2018 totaled $3,190,000 and the year-end accounts receivable balance was $507,500. during this year, $88,500 in receivables were determined to be uncollectible. manda panda anticipates that 3% of all credit sales will ultimately become uncollectible. the fiscal year ends on december 31. required: 1. does this situation describe a loss contingency? 2. what is the bad debt expense that manda panda should report in its 2018 income statement? 3. prepare the appropriate journal entry to record the contingency. 4. complete the table below to calculate the net realizable value manda panda should report in its 2018 balance sheet?
Answers: 2
Do you know the correct answer?
winters, inc. is preparing financial statements to be distributed to investors and creditors. the co...

Questions in other subjects:

Konu
Arts, 03.12.2020 23:50
Konu
English, 03.12.2020 23:50