Gloria Corporation
Q: a. Calculate the productivity in terms of revenue per dollar of input. (R
A: Meaning of Productivity Productivity means the production of goods with high quality and also at a…
Q: variable
A: Performance evaluation based on income could be best achieved by using variable costing method in…
Q: Marginal cost and marginal benefit analysis are important to compute efficient level of production.…
A: marginal analysis is generally the process of decision making which involve an examination of…
Q: Which of the following underlying assumptions form(s) the basis for cost-volume-profit analysis?…
A: Under CVP analysis, the effect of variable cost and fixed cost on profitability is to be determined.…
Q: Which of the following is not a true statement about variable costs? O a. Total cost is known to…
A: Variable Cost Variable cost which is described as the cost which are incurred to the business entity…
Q: Which one of the following depends on the level of output or activity? O building rent cost O…
A: Note: We’ll answer the first question since the exact one wasn’t specified. Please submit a new…
Q: mpute the Productivity Component indicate if
A: Working Notes :- In 2020…
Q: THE MAIN DIFFERENCE BETWEEN EX-ANTE AND EX-POST ECONOMIC PROFIT a. Representing the opportunity…
A: b. is called the hold-up problem
Q: a. What problems are associated with using the average cost per unit as a performance measure? b.…
A: Average cost per unit only rewards the manager for removing tasks or materials from the process…
Q: Which of statements about the contribution income statement is correct? Group of answer choices
A: A contribution income statement is defined as the statement in which all the variable costs and all…
Q: Choose the correct answer: The outcome of resource utilization divided by the amount of resources…
A: Manufacturing cycle efficiency helps to measure the percentage of time spent in product…
Q: Compute the Revenue Effect- Growth Component, indicate if favorable/(unfavorable). *The activity…
A: Revenue refers to the amount received by the company from selling goods and services to the…
Q: What is the incentive of management in computing efficiency ratios?
A: Efficiency ratios examine a company's ability to use its assets and handle its commitments…
Q: Consumption ratios are useful in determining: A. the existence of product-line diversity. B.…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Explain why is important for a business to understand their composite mix of products when…
A: Sales mix is the proportion of sales in quantity with respect to total sales quantity. It is…
Q: How would you recommend stabilizing the company's unit product cost?
A: Unit cost of a product is determined by dividing the total cost of the units produced by the total…
Q: Most organizations use residual income instead of return on investment (ROI) as a performance…
A: The Following statement is True because Residual Income is much better than Return on Investment…
Q: n be obtained from this rating?
A: Given: To analyse the cost classification with the benefits as follows,
Q: When using the total cost concept of applying the cost-plus approach to product pricing, what is…
A: Answer In total cost concept of applying cost plus approach of product pricing , the total cost…
Q: Which costing techniques are related to a predetermined cost as a performance targe and actual…
A: Solution: "Standard costing" are related to a predetermined cost as a performance target and actual…
Q: What is the difference between absorption-costing income and variable-costing income?
A: The income statement is prepared to record the revenues and expenses of the current period.
Q: Which of the following statement is true under the Standared Costing System a. Standard cost is a…
A: Solution: Standard costing system is the system of cost estimation in the manufacturing process. It…
Q: Identifying the relationship between the activity and the costs is a key step in which of the…
A: Scattergraph is a method of visual representation of the relationship between the cost & the…
Q: When production exceeds sales, the net operating income reported under absorption costing generally…
A: The income statement is prepared to estimate the net profit or loss incurred during the period.
Q: The main categories of income statement for a manufacturer includes the following, except a. Direct…
A: We’ll answer the first question since the exact one wasn’t specified. Please submit a new question…
Q: Calculate the cost efficiency - profit margin ratios
A: Return on Equity = Net Income available for Shareholders/Total Equity 2019 = 418,916/9,538,652 =…
Q: y objective in measuring productivity is
A: (Note: Since you have posted multiple questions, we will solve the first question for you. For the…
Q: An examination of the accounting records a company disclosed a high contribution margin ratio and…
A: Contribution margin: It refers to money generated on incremental basis for each unit sold after…
Q: In deciding which product lines to emphasize when a production constraint exists, the company should…
A: Constraint: Constraint is a factor that limits the production of a product or sale of a product.
Q: Is activity-based costing always beneficial to an organization? in what situations would itb…
A: Activity based costing is a system of costing in which allocated on the basis of activity done .it…
Q: tandard cost systems provide companies with a number of advantages, argue the statement.
A:
Q: TRUE OR FALSE The general principle in determining the number of cost pools is that a separate cost…
A: Solution: The general principle in determining the number of cost pools is that a separate cost pool…
Q: Which of the following statements is true? (You may select more than one answer.)a. A common cost is…
A: Opportunity cost is the value of the next best alternative over the selected alternative.The loss of…
Q: From the standpoint of cost control, why is the FIFO method superior to the weighted-averagemethod?…
A: FIFO method is First in First out method in which inventory which is purchased first will be sold…
Q: A company wants to determine it cost of quality.
A: Answer: Cost of quality is the cost incurred by the company to maintain the quality of the cost of…
Q: Explain the impact of an increase in the level of activity (or cost driver) on (a) total variable…
A: (a)
Q: Discuss the advantages and disadvantages of partial measures of productivity.
A: The partial measure of productivity is a method under which the productivity of each factor is…
Q: Which of the following is true about the hypothesis test of cost parameters? a) It indicates whether…
A: Hypothesis testing refers to the form of inferable statistics which allows us in making conclusions…
Q: h of the following is the format of the income statement that is MOST useful in decision-making?…
A: Solution: For the purpose of decision making, we need to have comparison of relevant revenues and…
Q: Companies benefit greatly from the use of a standard cost system, and the statement
A: This question deals with the use of a standard cost system, and the statemen
Q: A. Prepare a contribution margin by product report. Calculate the contribution margin ratio for…
A: Variable costing: Variable costing is the method that is used by the management (managers) for…
Q: Which of the following statements describes variable costs?A. Costs that vary on a per-unit basis as…
A: The financial position of the company can be arrived from the income statement prepared by the…
Q: The manager of the manufacturing unit of a company is responsible for the costs of the manufacturing…
A: Cost Accounting: It is the process of collecting, recording, analyzing the cost, summarizing cost,…
Q: Is a variable costing income statement in service operations? If so, provide a hypothetical example…
A: Variable costing income statement deducts all the variable expenses from the revenues to get the…
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- CJB's fiscal 2020 net income was $155.9 and cash flows from operating activities was $132.0 million What impact does this have on the evaluation of the 2020 earnings quality for CJB? Question 30 options: a) Weakens, due to sustainability issues b) Weakens due to substance issues c) Strengthens due to substance issues d) Strengthens, due to sustainability issuesFrom the following forecast the Balance sheet for the year 2021Balance sheet as of 31/12/2020Liabilities& Equity AmountAssetsAmountEquity33,000 Plant and machinery 10,000Retained earnings 10,000 Land Property20.000Accounts payable 7,000 Accounts receivables 3.000Inventories10.000Cash in hand2000Cash at Bank5.00050,00050,0001. It is expected that the company will make a net income of10% of forecasted sales2. The company will purchase additional 5000 OMR worthmachines by taking an additional loan of 5000 OMR3. Forecasted sales OMR 100,0004. Dividend payout will be 50%5. The following estimates are also given;Accounts payable 10,000Accounts receivable 6,000Inventories 15,000Cash in hand 6.000Cash at bank 1,000Presented below are the year-end balance of the assets and liabilitiespertaining to Starlight Merchandising 2020 2019Cash P150,000 P120,000Equity investment at FVPL 260,000 230,000AR, net 360,000 400,000Inventories 705,000 635,000Prepaid Expenses 130,000 128,000Accounts payable 182,000 136,000Other current liabilities 141,000 125,000Bonds Payable 200,000 200,000Additional investment made by the owner during 2020 was P150,000 but a P200,000 personal liability was paid out of company's funds. What is the company's profit or loss for the year ended December 31, 2020? 30,000 800,000 Answer not given 140,000 700,000
- C Company has the following data for the year ending 12/31/2020 (dollars are in thousands): Net income = $600; EBIT = $1,184; Total assets = $3,000; Short-term investments = $200; Total capital employed = $2,193; and tax rate = 30%. The company’s WACC is 11.07%. What was its Economic Value Added (EVA) for the year 2020? Round your answer to the nearest dollar. Group of answer choices: $583 $586 $577 $572 $5802020 2019 Net profit for the year 1200 1100 Depreciation for the financial year 80 70 Accumulated depreciation 400 320 Fixed asset impairment reversal gains 50 20 Profits for the sale of fixed assets 100 50 Based on the above information, the cash flow of 2020 before changes in working capital accounts is?2021 2020 Usage sales 5700 5300 Other miscellaneous revenue for the financial year 300 200 Total revenue for the year 6000 5500 Cost of use sold 2680 2600 Customer and inventory impairment loss 250 220 GROSS REMUNERATION AND EMPLOYER'S CONTRIBUTIONS 800 750 Impairment provisions for the financial year 50 30 Financial costs for the financial year 300 280 Total operating expenses 900 800 Net profit for the financial year 4980 4680 Balance sheet data 1020 820 Fixed assets and investments 2000 1700 Goods 400 250 Customers minus accumulated impairment 696 1100 Customer promissory notes and bills of exchange 300 700 Cash and trading portfolio 200 350 Total assets 3596 4100 How long is the defensive period of the operation in 2021 (360days)
- 2019 2020Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 000 Q.5.1 a. Calculate the break-even point for Pearson & Litt for 2019 and 2020.b. Compare the results of the 2019 and 2020 break-even points and explain why there might be a difference. Q.5.2 a. Calculate the current ratio for Pearson & Litt for 2019.b. Explain the results of the current-test ratio.Q.5.3 a. Calculate the gross profit margin for Pearson & Litt for 2020 b. Explain the results of the gross profit margin calculation. Q.5.4 a. Differentiate between traditional budgeting and zero-base budgeting.b. Recommend one of these budgeting methods to Pearson & Litt and provide reasons for your recommendationPerform a vertical analysis on the following information. 2021 2020Cash $ 420,000 $ 1,050,000Accounts receivable 660,000 300,000Inventory 1,020,000 925,000Long-term assets 3,900,000 2,725,000Total assets $ 6,000,000 $ 5,000,000Income Statement for the years ending 31 August: 2020 2019 £ £Revenue 950,000 975,000Cost of sales 455,000 460,000Gross profit 495,000 515,000Total expenses 320,000 310,000Net profit 175,000 205,000 Statement of financial position as at 31 August:- 2020 2019£ £Non-current assets 70,000 65,000Current assetsCash at bank…
- : Answers the days of Working capital based on the information below: 2020 2021 Profit of the year $126,000 $175,000 Depreciation/Amortization 25,000 35,000 Trade receivables 260,000 285,000 Inventories 350,000 390,000 Trade and other payables 290,000 310,000 Revenue 1,800,000 2,100,000Income Statement for the years ending 31 August: 2020 2019 £ £Revenue 950,000 975,000Cost of sales 455,000 460,000Gross profit 495,000 515,000Total expenses 320,000 310,000Net profit 175,000 205,000 Statement of financial position as at 31 August: 2020 2019£ £Non-current assets 70,000 65,000Current assetsCash at bank…Revenues 2021 2020 Sishen $ 21,700,000 $ 26,500,000 Hotazel $ 14,200,000 $ 16,500,000 Beaufort $ 8,700,000 $ 9,000,000 Operating Income Sishen $ 1,620,000 $ 2,000,000 Hotazel $ 810,000 $ 1,300,000 Beaufort $ 945,000 $ 1,100,000 Average Total Assets Sishen $ 9,500,000 $ 10,000,000 Hotazel $ 6,500,000 $ 8,000,000 Beaufort $ 4,300,000 $ 4,500,000 # of Managers Sishen 59 61 Hotazel 48 55 Beaufort 22 20 Vryburg’s manager compensation is an annual salary and qualifying bonus award. Managers qualify for the bonus award when their division ROA equals or exceeds Vryburg Inc. ROA. The bonus is calculated as Vryburg’s Residual Income divided by the number of qualifying managers who then share equally in the bonus pool. Residual Income is defined as Operating Income minus an interest charge of 8% of Average Total Assets. a. For 2021, calculate each division’s…