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- “profit earned if operating capacity at the end of the period is greater than the operating capacity at the beginning of the period”, this definition of profit is in line with: Select one: a. none of above b. Purchasing power maintenance c. Financial capital maintenance d. Physical operating capital maintenanceMatch each of the terms below with its definition. 1. Sunk cost a. Additional costs incurred from a course of action 2. Out-of-pocket cost b. Additional revenue from a course of action 3. Opportunity cost c. A future outlay of cash 4. Incremental cost d. Potential benefit lost from taking a course of action 5. Incremental revenue e. A cost that arises from a past decision and cannot be changed(1) Compute the payback period. 1b) Compute the accounting rate of return for this equipment.
- Which of the following correctly orders the investment rules of average accounting return (AR), internal rate of return (IRR), and net present value (NPV) from the most desirable to the least desirable? a. IRR, AR, NPV. b. AR, IRR, NPV. c. NPV, AR, IRR. d. AR, NPV, IRR. e. NPV, IRR, AR.Which method results in a more realistic amount for income because it matches the most current costs against revenue? a.FIFO b.Weighted average cost c.Specific identification d.LIFOMatch each of the following terms with the best definition. A. Theory of constraints B. Sunk cost C. Differential analysis D. Opportunity cost - Strategy that focuses on reducing bottlenecks. - Revenue forgone from an alternative use of an asset. - Not relevant to future decisions. - Evaluation of how income will change based on an alternative course of action.
- Residual income is: A. The excess of operating income over the minimum operating income required B. The same as operating income C. The excess of the minimum operating income required over operating income on the income statement D. Operating income multiplied by the desired ROI3. The elements of CVP analysis include the following, except a. total fixed costs. b. unit variable cost. c. volume or number of units. d. relevant costs. 4. Which of the following statements is correct? a. Gross margin and contribution margin are the same. b. Contribution margin is the excess of sales over variable costs, and this is the amount available for the recovery of fixed assets and generation of profit. c. One inherent, simplifying assumption in CVP analysis is that production equals sales. d. Unit variable costs change directly with the cost driver or activity level. 5. In CVP analysis, it is assumed that a. all costs are classifiable as either direct or indirect costs. b. cost and revenue relationships are predictable and linear over any range of activity. c. selling prices per unit and market conditions remain unchanged. d. total fixed costs are constant over the relevant range, but fixed costs per unit vary directly with the cost driver or volume. 6. Management may use…A general rule in relevant cost analysis is: O A. variable costs are always relevant. O B. fixed costs are always irrelevant. O C. Incremental future costs and revenues are always relevant. O D. depreciation is always irrelevant.
- ASSUME THAT IT WAS RECLASSIFIED FROM FVOCI TO AMORTIZED COST. Pls answer NUMBERS 2 AND 3. Show solutionThe marginal cost of an asset is equivalent to its EUAC. True or False?When should a company recognize revenue under GAAP? Multiple Choice When the promised performance has been satisfied. k ces All of the choices are necessary to recognize revenue. When delivery has occurred or services have been provided (rendered). When the price is measurable.