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Indicate the following statements as true or false. If the statement is true, write a "T" as the answer; otherwise, write an "F 1. COGS is the material cost in making a product In a p...
I have no idea. thank you! An abbreviated income statement for Startup Co is as follows:...
I have no idea. thank you!
An abbreviated income statement for Startup Co is as follows: Income Statement for StartupCo ($000) Percentage of Sales Sales 1231 100.0% Bad Debt/ warranty 18 1.5% Net Revenue 1213 98.5% Cost of Goods Sold 486 Contribution Margin 727 59.1% SG&A excluding depreciation 1109 Depreciation 420 Operating Income -802 -65.2% Other Income Net Income -802 -65.2% a) Assuming that SG&A excluding depreciation is fixed, what is the breakeven sales level? b) Assuming SG&A excluding depreciation...
TRUE/FALSE Write 'T' if the statement is true and 'F' if the statement is false. 1)...
TRUE/FALSE Write 'T' if the statement is true and 'F' if the statement is false. 1) The degree of operating leverage in a company is smallest at the break-even point and increases as sales rise. _______ 2) The break-even point in units can be obtained by dividing the unit contribution margin by the total fixed expenses. _______ 3) An increase in the number of units sold will decrease a company's break-even point. _______ 4) The margin of safety is the...
Which of the following statements are true and which are false ? Correct the false one...
Which of the following statements are true and which are false ? Correct the false one a. Labor wages are a variable cost. b. A book cost is just another word for a cost that generates a cash flow. c. Total overhead costs are independent of the capacity of an operation (e.g., the size of a manufacturing plant). d. Depreciation is a type of cash flow. e. Thesizeofsunkcostsshouldnotaffecttheprojection of future cash flows. f. The sale of assets can be used...
TRUE/FALSE QUESTIONS Consider the following list of statements. Each statement is either true or false. You...
TRUE/FALSE QUESTIONS Consider the following list of statements. Each statement is either true or false. You must read each statement carefully and then select the option that you believe is correct as your answer. In your answer book, write down only the question number and next to the number either True or False. Example: If you believe sub-question 2.11 is true, then write down: 2.11: True. 2.1. Peter is a plumber. He employs three workers and has some capital in...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio,...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost. The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs. At the breakeven point, total sales revenue equals total costs. If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant.
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio,...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant ОО At the breakeven point total sales revenue equals total costs
Which of the following statements are true when making decisions using cost volume profit analysis? A....
Which of the following statements are true when making decisions using cost volume profit analysis? A. As long as the contribution margin is a positive number, net income will be positive B. As long as variable costs are more then fixed costs, net income will be negative C. As long as the contribution margin is greater than the fixed costs, net income will be positive D. As long as the sales price per unit is greater than fixed costs per...
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True...
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True B. False 2. Fixed Costs which change with a decisions are relevant A. True B. False 3. Sunk costs are always relevant to decisions A. True B. False 4. In incremental analysis, total fixed costs will always remain constant A. True B. False 5. A special order should not be accepted if the sales price is less than the unit variable cost. A. B....
Place T (true) or F (false) in front of each of the following statements. ____ 1....
Place T (true) or F (false) in front of each of the following statements. ____ 1. Plant assets should be written down (below cost) when their market value has declined temporarily. ____ 2. An asset's cost less its accumulated depreciation equals its fair value. ____ 3. The units of activity method of depreciation is based on the assumption that depreciation expense can be regarded as a constant function of time. ____ 4. The correction of prior periods' depreciation estimates would...
. QUESTION 4: (a) For each of the statements below, write T (True) or F (False)...
. QUESTION 4: (a) For each of the statements below, write T (True) or F (False) in the answer booklet next to the question number. For the statement which you believe is false, provide reasons why. (1) A firm has positive residual operating income (ROPI) in period t when its forecasted NOPAT in period t exceeds the expected amount computed as net operating assets at the start of period t multiplied by the cost of equity capital. (ii) In a...
I have no idea. thank you!
An abbreviated income statement for Startup Co is as follows: Income Statement for StartupCo ($000) Percentage of Sales Sales 1231 100.0% Bad Debt/ warranty 18 1.5% Net Revenue 1213 98.5% Cost of Goods Sold 486 Contribution Margin 727 59.1% SG&A excluding depreciation 1109 Depreciation 420 Operating Income -802 -65.2% Other Income Net Income -802 -65.2% a) Assuming that SG&A excluding depreciation is fixed, what is the breakeven sales level? b) Assuming SG&A excluding depreciation...
TRUE/FALSE QUESTIONS Consider the following list of statements. Each statement is either true or false. You must read each statement carefully and then select the option that you believe is correct as your answer. In your answer book, write down only the question number and next to the number either True or False. Example: If you believe sub-question 2.11 is true, then write down: 2.11: True. 2.1. Peter is a plumber. He employs three workers and has some capital in...
Which of the following statements about cost-volume-profit analysis is true? To increase the contribution margin ratio, a manager should decrease fixed cost The contribution margin ratio represents the percentage of sales revenue available to contribute towards covering variable and fixed costs If a company expands operations outside of its relevant range, variable cost per unit could change, but total fixed costs will always stay constant ОО At the breakeven point total sales revenue equals total costs
Answer these following questions: 1. Only variable costs can be relevant or differential cost A. True B. False 2. Fixed Costs which change with a decisions are relevant A. True B. False 3. Sunk costs are always relevant to decisions A. True B. False 4. In incremental analysis, total fixed costs will always remain constant A. True B. False 5. A special order should not be accepted if the sales price is less than the unit variable cost. A. B....
. QUESTION 4: (a) For each of the statements below, write T (True) or F (False) in the answer booklet next to the question number. For the statement which you believe is false, provide reasons why. (1) A firm has positive residual operating income (ROPI) in period t when its forecasted NOPAT in period t exceeds the expected amount computed as net operating assets at the start of period t multiplied by the cost of equity capital. (ii) In a...
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