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Que-25
What is the current acronym for the body mostresponsible for issuing international accounting standards?
Answer IASB
Que-27
Lowwater Sailmakers manufactures sails for sailboats. The company has the capacity to produce 25,000 sails per year and is currently producing and selling 20,000 sails per year. If a special sales order is accepted for 5,000 sails at a price of $125 per unit, and fixed costs remain unchanged, what is the change in operating income?
Answer: Operating income increases $225,000.
We assume that
Manufacturing $55
Marketing and administrative $25
So increase in Operating profit
= 5000 * (125-55-25)
=5000*45
=$ 225000
Que-28
A statement of cash flows is generated to show
Answer: the inflow and outflow of cash during the time perio
Que-29
A March sales forecast projects that 10,000 units of Product A and 12,000 units of Product B are going to be sold at prices of $11 and $13, respectively. The desired ending inventory of Product A is 20% higher than the beginning inventory of 1,000 units. How much are total March sales for Product A anticipated to be
Answer: $ 110,000
10000 *11
=$ 110,000
Que-30
In deciding whether to drop its electronics product line, a company’s manager would consider which of the following?
:
Answer:All oh the above
Que-31
A firm will not hire additional workers once:
Answer: the additional cost of a worker equals the additional revenue from the worker.
Que-32
A federal deficit of $300 billion means that
Answer: the government plans on collecting $300 billion in taxes this year
