Sales data would be considered to be examples of __________ data. Multiple Choice ordinal interval ratio unstructured

Q: Many financial analysts substitute one amount for another in making ratioanalysis comparisons in…

A: Financial accounting: Financial accounting is the process of recording, summarizing, and reporting…

Q: Compare current performance of firms to its past performance is called cross-sectional. Select one:…

A: The financial statements of the business are analyzed using various financial ratios.

Q: Define sales volume variance.

A: Sales volume variance (also known as sales quantity variance) occurs when the actual quantity of…

Q: What assumption is usually made concerning sales mix inCVP analysis?

A: Sales mix: A proportion of two or more products sold by the company to maximize the profit, that…

Q: Based on the data for Privett Company, what is the quick ratio,

A: We know that the formula to calculate quick ratio is  Quick ratio = ( Current Assets - Inventory-…

Q: Matching Following are a number of key terms and concepts introduced in thechapter, along with a…

A: Cost Accounting is a form of managerial accounting in which all the costs whether variable or fixed…

Q: The most important use of the CVP graph is to show a. The CM ratio at various levels of sales…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Describe the difference between the unit-soid approach to the cvp analysis and to the sales revenue…

A:

Q: Which of the following is not an underlying assumption of a conventional CVP analysis? Multiple…

A: Cost-volume-profit analysis is the most important tool that is used by managers to specify the cost…

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: Profit volume ratio is used for the calculation of: Select one: O a. Profit at given sales O b.…

A: The profit volume ratio is also known as contribution margin ratio.

Q: Explain percent of sales method.

A: Accounts receivable: Accounts receivable refers to the amounts to be received within a short period…

Q: Required: a) Using the equation method, calculate the number of uni b) How would your error affect…

A: A. 1) Number of units sold in 2018 Number of units sold = operating profit + fixed cost  ÷…

Q: Distinguish between the sales values at splitoff method and the NRV method.

A: Sales value at split-off method: Sales value at split-off method allocates joint cost to each joint…

Q: ancial health of the given data b

A: Ratio Analysis - The ratio is the technique used by the prospective investor or an individual or…

Q: Which of the following underlying assumptions form(s) the basis for gross profit variance analysis?…

A: Gross profit variance analysis is defined as the one which analyse the profit variance that comprise…

Q: Define efficiency ratios

A: Efficiency Ratios : These ratios are employed to evaluate the efficiency with which the firm manages…

Q: Discuss the concepts of over- and understoring and describe their relationship to the Index of…

A: The Index of Retail Saturation (IRS) is the ratio of available supply to demand for a product…

Q: Distinguish between the sales value at splitoff method and the NRV method

A: Sales value at split-off method: Sales value at split-off method allocates joint cost to each joint…

Q: What is meant by the term sales mix? What assumption is usually made concerning sales mix in CVP…

A: Sales mix of a product is the proportion of a product sales in overall sales of the company. A…

Q: In vertical analysis, the relevant base for cost of goods sold is which of the following?…

A: Cost of sold is a term reported in the income statement. So the relevant base for it should also be…

Q: Explain sales cutoff tests.

A: Auditing:   Auditing refers to an independent examination of financial information of any…

Q: Typically, Which Is More Comprehensive, the P/E Ratio, PEG Ratio, EV To Sales Ratio or the EV To EBİ…

A: Introduction : . The price to earnings ratio is a multiplier that is used to value the relative…

Q: In a profit diagram, the safety margin can either be expressed in kronor or some form of volume.…

A: Margin of safety is a financial metric which represents the number of units beyond the break-even…

Q: Gross profit variance analysis can be used to study the effect of:" Changes in cost of goods sold on…

A: Gross profit variance refers to the variance that occurred to the amount of gross profit from the…

Q: Weighted average method

A: Correct answer :- A :- Weighted average method.

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: Metrics that are early in the value chain are normally considered to be _____ indicators. a.value…

A: Value chain analysis is analyzing the chain of process which create value to the company

Q: A company can use cost-volume-profit analysis to determine the level of sales required to earn a…

A: CVP Analysis Equation Profit = Revenue – Fixed Costs – Variable Costs

Q: Operation Margin, Current Ration, Mark-up Ratio Explain the meaning and the purpose of each ratio.…

A: Rations are calculated for data interpretation in short and quick way. This able comparison of…

Q: Give me a formula of sensitivity analysis under of cost volume profit analysis(CVP). Thank youuu:)

A: The sensitivity analysis of the CVP model demonstrates how the model will change when any of its…

Q: Compute Sales (in units) for Product Y at Breakeven

A: Break-Even Point for a company for a particular product is the point where the company does not have…

Q: Discuss (i). The notions and purposes of CVP Analysis, and (iii) The Components of CVP Analysis…

A: The behavior of profits in response to a change in cost and volume is explained by Cost Volume…

Q: Big data means the data has: Select one: O a. high quality а. O b. large quantity and high quality…

A: Data means the raw information which will be used in meaning full way to take approporiate decision.

Q: Determine the following using the High-Low point Method a. Rate of variability of shipping expense…

A: Under the High-low method, the Variable portion of shipping expense is Change in expenses/Change…

Q: d P/S, which company will you buy? Show computations to support your decision.

A: In the year 2020, P/E = Price/EPS for 2020 P/B =  Price/Book value per share P/S = Price/Sales per…

Q: The sales mix factor shows a variance of

A: Variance measures the variation which has been occurred during the period when the current results…

Q: Explain the process of Rate-of-Return Calculation with Excel?

A: Rate of return is the rate expressed in terms of percentage which an investor expects from the…

Q: Describe Estimating Supplier Costs Using Reverse Price Analysis?

A: Reverse pricing analysis is a pricing model which allows its consumers in order to establish the…

Q: Gross profit variance analysis can be used to study the effect of:    a. Changes in cost of goods…

A: Gross profit is the gross income/revenue left after deducting the cost of goods sold from the net…

Q: Which of the following underlying assumptions form(s) the basis for gross profit variance analysis?…

A: Gross profit is the difference between the sales revenue and cost of goods sold. Gross profit…