Answer:
Report a prior period adjustment decreasing retained earnings by $1,040,000
Explanation:
Report a prior period adjustment decreasing retained earnings by $1,040,000
Dr Retained earnings $1,040,000
Dr Deferred tax liability $560,000
(35%×$1,600,000)
Cr Estimated warranty liability $1,600,000
Therefore As a result of this change, the firm would Report a prior period adjustment decreasing retained earnings by $1,040,000
Answer:
workings. Number of units sold: 240. Fixed costs: £1 100. Variable costs per unit: 45 pence. (2) ... You are advised to show your workings. (2). (Total for question = 2 marks). Q6 ... Table 1 contains information about a small business for one month. ... Using the information in Table 1, calculate the profit for this business. You ...
Explanation:
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price= $1.5
Unitary variable cost= $0.75
Fi<u>rst, we need to calculate the unitary contribution margin:</u>
<u></u>
Contribution margin= selling price - unitary variable cost
Contribution margin= 1.5 - 0.75
Contribution margin= $0.75
<u>Now, we can calculate the contribution margin ratio:</u>
contribution margin ratio= contribution margin/selling price
contribution margin ratio= 0.75/1.5
contribution margin ratio= 0.5
Answer:
to survive today, organizations need to be present in both the online and physical markets
Explanation:
So far Amazon has dominated the online space when it comes to buying products and services. But the scenario in the question makes it clear that having only one channel open to customers (online) is not sufficient.
It is necessary to diversify by having physical stores in addition to online stores.
Some consumers for example will want to examine what they are buying before paying, others will not have the patience to wait for delivery of goods. So the physical store will serve these segments of customer's.