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11.
Subject :- Accounting
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- 7. Which types of risk does talent management address? a. Environmental Risk b. Capability & Capacity Risk c. Interest RiskLet's say the following numbers are available after an analysis, what is the CTO? (contribution to overhead) Sales = $ 1.00 Variable costs = 0.8964 What is the CTO? This means the amount that can be applied. to overhead after all variable costs are paid. This was calculated as a % of sales. 7. Calculate breakeven point. How many units (dollars) of sales are needed to completely cover all costs? Breakeven = Fixed costs_ Sales dollars) 1.0 Variable costs as a portion of net sales Breakeven = Fixed Costs. Selling price per unit - variable cost per unit Fixed costs are $1,149,722. CTO figure from above. Calculate the breakeven sales volume in dollars Write your answer here. (Sales units)Mishap has a gross income of $43,360. She owns a condominium and donates to charity, but there's no way her tax deductible expenses come close to the standard deduction of $12,000. During a cold snap in the winter she donates an extra $500 to the local homeless shelter, a registered charity. How much will this donation save her on her taxes?
- $ To the Internal Revenue Service (IRS), the reasonableness of total itemized deductions depends on the taxpayer's adjusted gross income. Large deductions, which include charity and medical deductions, are more reasonable for taxpayers with large adjusted gross incomes. If a taxpayer claims larger than average itemized deductions for a given level of income, the chances of an IRS audit are increased. Data (in thousands of dollars) on adjusted gross income and the average or reasonable amount of itemized deductions follow. Adjusted Gross Income Itemized Deductions ($1,000s) 22 ($1,000s) 9.6 27 9.6 32 10.1 48 11.1 65 11.5 85 19.7 120 25.5 (a) Develop a scatter diagram for these data with adjusted gross income as the independent variable. 30- 25 20 15 Itemized Deductions ($1,000s) 10 5- 0 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) thousand Itemized Deductions ($1,000s) 30 25 20 15 10 · . 5 0 20 40 60 80 100 120 140 Adjusted Gross Income ($1,000s) Itemized Deductions ($1,000s)…a) Explain the principles behind lifecycle costing and briefly state why Fisher in particular should consider these lifecycle principles. b) Produce the budgeted results for the game 'Stealth' and briefly assess the game's expected performance, taking into account the whole lifecycle of the game. c) Explain why incremental budgeting is a common method of budgeting and outline the main problems with such an approach. d) Discuss the extent to which a meaningful standard cost can be set for games produced by Fisher. You should consider each of the cost classifications mentioned above.Which of the following scenarios accurately reflects the meaning of the profit leverage effect? Group of answer choices With a 7.6% profit margin, decreasing your cost of goods sold (COGS) by $10,000 increases your pre-tax profits by $10,000, but increasing your sales by $10,000 only increases your pre-tax profits by $760. When operating with a 7.6% profit margin, your cost of goods sold will be $10,000 as long as your sales exceed $10,000. With a 7.6% profit margin, every additional $10,000 in sales increases your pre-tax profits by $10,000, while every $10,000 saved in purchasing increases your pre-tax profits by just $760. If your profit margin is 7.6%, every $10,000 saved in purchasing lowers your COGS sold by $760.
- 8. Which of the following best describes an opportunity cost? * It is usually relevant and recorded in the books. It is usually relevant but is not recorded in the books. It is usually irrelevant but is not recorded in the books. It is usually irrelevant and is not recorded in the books.Typical problems with IT cost estimates include: Estimates are done quickly, and people lack estimating experience. Human beings are biased towards overestimation. Top Management does not care about accuracy. All of the above.When performing sales mix analysis, which one of the following is false: O a. Normally the calculation of the breakeven point for multiproduct is more complicated than that for a single product. O b. The sales mix is usually assumed to be remain the same. Oc. Making changes to the sales mix will likely cause a change in the breakeven point O d. Producing and selling more units of the product with a higher contribution margin would likely decrease the breakeven point O e. Shifting the sales mix to the product with a lower contribution margin will likely ncrease the overall contribution margin
- Chapter 15 Explain the four common uses of comparisons that the manager will find helpful. Chapter 16 Explain the importance of assumptions when building a budget? Chapter 17 Explain the rationale for replacing existing equipment with new equipment.Hi, help me with providing essay questions for basic terms in income statement?Stock option and performance shares are examples of Select one: a. Short-term incentive plan O b. Long-term incentive plan c. Base salary O d. Foxed pay plan