During a period of steadily increasing purchase costs, whichinventory flow assumption results in the highest reported profits? The lowest taxable income? The valuation of inven-tory that is closest to current replacement cost? Briefly explain your answers.

Describe the Methods for Finding Rate of Return?

c) explain the disadvantages of each criteria; payback period, discounted payback, NPV, IRR

When using CVP Analysis, Net Profit (positive NI) would occur when Fixed Costs (FC) exceed total Contribution Margin. TRUE FALSE

When allocating the transaction price to performance obligations when a stand-alone selling price is not readily observable, GAAP suggests all of the following approaches except the expected market margin approach. residual approach. expected cost plus a margin approach. adjusted market assessment approach.

The “plus” in cost-plus pricing is often referred to as Markup.   Extra profit.   Gross profit.   Margin of Safety.

are return on investment, residual income, and EVA qualitative components?

Profitability changes may be simply calculated by using what kind of tool: sales price/volume/variable costs/fixed costs.

1. Now change all of the dollar amounts in the data area of your worksheet so that it looks like this: 1 2 3 Data 4 Sales Variable costs: 5 67 00 8 A Chapter 1: Applying Excel 9 10 11 Cost of goods sold Variable selling Variable administrative Fixed costs: Fixed selling Fixed administrative $ $ $ $ $ $ B 32,000 16,000 1,600 1,400 2,500 1,500

Fixed costs, variable costs, and revenues are all included in profitability analysis? Select one: O True O False