carla vista roofing is faced with a decision. the company relies very heavily on the use of its 60-foot extension lift for work on large homes and commercial properties. last year, carla vista roofing spent $77,400 refurbishing the lift. it has just determined that another $45,500 of repair work is required. alternatively, it has found a newer used lift that is for sale for $194,000. the company estimates that both lifts would have useful lives of 5 years. the new lift is more efficient and thus would reduce operating expenses from $110,000 to $84,200 each year. carla vista roofing could also rent out the new lift for about $11,500 per year. the old lift is not suitable for rental. the old lift could currently be sold for $28,500 if the new lift is purchased. the new lift and old lift are estimated to have salvage values of zero if used for another 5 years. prepare an incremental analysis showing whether the company should repair or replace the equipment. (enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) retain equipment replace equipment net income increase (decrease) operating expenses $enter a dollar amount $enter a dollar amount $enter a dollar amount repair costs enter a dollar amount enter a dollar amount enter a dollar amount rental revenue enter a dollar amount enter a dollar amount enter a dollar amount new machine cost enter a dollar amount enter a dollar amount enter a dollar amount sale of old machine enter a dollar amount enter a dollar amount enter a dollar amount total cost $enter a total amount $enter a total amount $enter a total amount should company repair or replace the equipment? the equipment select an option be replaced.

This query has already been addressed. Companies may accomplish all of the aforementioned tasks, such as creating market segments, boosting client loyalty, producing products for new markets.

While buying a new product, buyers are primarily motivated by seven fundamental variables. Together with security, FOMO, identity and belonging, pricing, peer recommendations, obligation, anxiety, price, and enjoyment, our motivations also include necessity and convenience.

There are many reasons why a customer could choose your companies, but we discovered that they frequently came down to three primary factors: customer service, competitive pricing, or the actual product or service. When we questioned business owners.

To know more about Companies visit:-

https://brainly.com/question/30532251

#SPJ1

The Economic situation after the world war lead to labor unrest because the workers struggled to assert their rights and improve their economic conditions in the face of high unemployment and inflation.

The Economic situation after World War I led to labor unrest in many countries because the post-war period was marked by economic instability, inflation, and high unemployment rates.

Many workers, who had been employed during the war in essential industries, found themselves out of work as demand for their skills declined after the war. Additionally, the return of soldiers to the workforce led to a surplus of labor, which drove down wages.

Therefore, the workers began to demand better pay, improved working conditions, and greater job security.

Learn more about Labor Unrest here

https://brainly.com/question/1061679

#SPJ4

In today's evolving business environment, the management function that has become critical is strategic management.

Strategic management involves identifying the organization's long-term goals, analyzing the internal and external environment, and developing strategies to achieve those goals.

With increasing global competition, technological innovations, and changing customer expectations, organizations must be able to adapt and respond quickly to changes in the market. Effective strategic management allows organizations to anticipate and respond to changes in the business environment, stay competitive, and achieve long-term success.

Read more about business environment

brainly.com/question/26589766

#SPJ1

Answer:

learning how to manage change

Explanation:

When answering questions on the Brainly platform, you should always be factually accurate, professional, and friendly. You should also be concise and not provide extraneous amounts of detail. It is important to address the specific question being asked and to use relevant terms or concepts in your answer

.For the given question:Fox Corp. owned 2,000 shares of Duffy Corp. stock that it bought in year 0 for $9 per share. In year 8, when the fair market value of the Duffy stock was $20 per share, Fox distributed this stock to a noncorporate shareholder. Fox's recognized gain on this distribution was:To find out Fox's recognized gain on this distribution, we need to first calculate the fair market value of the shares at the time of distribution. As given, the fair market value of each share at that time was $20. Therefore, the total value of 2,000 shares would be $20 x 2,000 = $40,000.Next, we need to find out the basis of the shares. Fox had bought the shares at $9 per share, so the total basis would be $9 x 2,000 = $18,000.Since Fox distributed the shares at the fair market value, it realized a gain of $40,000 - $18,000 = $22,000. This gain will be subject to tax, and Fox will have to recognize it as a taxable gain. Therefore, Fox's recognized gain on this distribution is $22,000.Answer: $22,000

for more such question on shares

https://brainly.com/question/28452798

#SPJ11

The given  statement "Capital gains are always taxed at a higher rate than ordinary income" is false because the taxation of capital gains and ordinary income is dependent on various factors, including the type of asset being sold, the holding period, and the taxpayer's income bracket. Capital gains are taxed differently from ordinary income.

Capital gains are the gains that result from the sale of a capital asset, such as real estate or stocks. Ordinary income, on the other hand, is income earned from employment or business activity that is not derived from the sale of a capital asset.In most cases, long-term capital gains are taxed at a lower rate than ordinary income. If the asset was held for at least a year before being sold, it is considered a long-term capital gain. Short-term capital gains, on the other hand, are taxed at the same rate as ordinary income.

The tax rate for long-term capital gains varies depending on the taxpayer's income level. For those in the lower tax brackets, the rate is 0%, while for those in the highest bracket, the rate is 20%. For those in the middle income brackets, the rate is 15%.In conclusion, capital gains are not always taxed at a higher rate than ordinary income. The tax rate for capital gains is dependent on various factors, including the type of asset sold, the holding period, and the taxpayer's income level.

To know more about capital gains, click here:

https://brainly.com/question/24228835

#SPJ11

A medium-income economy with a GDP per capita of $20,000 has a growth rate of 7%. calculate the economy's growth after 20 years. The economy's growth after 20 years is $80,579.

Given,

GDP per capita = $20,000

Growth rate = 7%

Time = 20 years

Calculation:

GDP growth after 20 yearsGrowth rate per year = 7%

Time = 20 years

Total GDP Growth Rate = 1.07^20

GDP Growth after 20 years = GDP per capita * Total GDP Growth Rate= $20,000 * 1.07^20= $20,000 * 4.02893= $80,578.60

Hence, the economy's growth after 20 years is $80,579.

GDP is defined as the measure of  the monetary value of final goods and services—that is, those that are bought by the final user—produced in a country in a given period of time (say a quarter or a year). It also counts all of the output generated within the borders of a country.

To know more about GDP refer to-

brainly.com/question/30737857#

#SPJ11

The statement is false because y denotes the predicted values and y denotes the observed values. In the original question, both the symbols are the same (y) which leads to confusion.

The correct notation is y-hat for predicted values and y for observed values.

The expected value for Y is abbreviated Y' and is known as the expected values of Y. A residual is the difference (Y-Y') between the observed and expected values of Y.

The linear portion of the prediction is Y. The error is the residual. With specific values of the factors, a prediction equation forecasts the value of the response variable.

The equation we choose may incorporate all the variables listed above or just a portion of them.

To know more about predicted values visit:

https://brainly.com/question/28963555

#SPJ11

The main answer to the given question is that Char is exercising skepticism by researching where her friend got their information, how reliable it is, and what other sources say about it.

She wants to verify the claims of her friend's suggestion to improve focus. Char wants to make sure that she has enough evidence before she invests her money and time in the product.

The explanation to the given question is that Char has exercised her right to be a skeptic by doing her research on the product that her friend recommended. She is using the CRAAP test, which is an acronym for Currency, Relevance, Authority, Accuracy, and Purpose, to evaluate her sources of information.

This is a good way to determine the reliability of the source and the claims being made. Char is also looking for media bias by using the interactive media bias chart, which helps her determine the trustworthiness of a news source. Char wants to make sure that she has enough evidence before she invests her money and time in the product.

Therefore, she is being a wise consumer by doing her research and verifying the claims of the product. This will help her make an informed decision about whether or not to use the product to improve her focus.

To know more about skepticism click on below link:

https://brainly.com/question/12560960#

#SPJ11

Responsiveness is the great benefit of the Q-system. Option B is the correct answer.

The Q-system is another name for the fixed order quantity system. With this approach, a defined number of materials is ordered each time the amount of stock on hand hits the reorder point. The economic order quantity is really the constant amount of material ordered each time. The overall stock is kept within the maximum and minimum limitations whenever a new consignment is received. Option B is the correct answer.

The Q-system set order quantity technique enables the ordering of a predetermined quantity of a certain material at a specific time. This approach reduces the likelihood of reorder errors, frees up space for the stock of finished items, and prevents pointless expenditures that would tie up money that could be used more effectively elsewhere. Option B is the correct answer.

Learn more about Stock here:

https://brainly.com/question/25765493

#SPJ4

Unemployment involving a mismatch of the skills of unemployed workers and the skills required for available jobs is called structural unemployment.

Structural unemployment is a long-term and permanent form of unemployment that is caused by fundamental shifts in an economy’s structure. This may occur as a result of changes in consumer demand, technology advancements, or shifts in the markets.

Structural unemployment occurs when individuals do not possess the necessary skills or experience to meet the demand for jobs in their industry, forcing them to look for work in another field or endure extended periods of unemployment. Individuals who are unemployed as a result of structural unemployment may require retraining or reskilling in order to find work in a new field or industry.

For more about unemployment:

https://brainly.com/question/14227610

#SPJ11

The spending variance for administrative expenses in the clinic's flexible budget performance report for last month is $60.

Adjusting a budget to reflect the changes in volume, revenue, or other aspects of the activity is referred to as a flexible budget. It is the variance that occurs when actual results deviate from budgeted outcomes. The flexible budget can be created and compared to the actual results to calculate the variance using either static or flexible budgeting.

Static budgeting is a budget that has been set in advance and does not change in the face of unforeseen changes. This budget is only appropriate if the company's income and expenses are stable and predictable. The flexible budget, on the other hand, changes as conditions change.

The formula for calculating the spending variance for administrative expenses is: Actual administrative expenses - Budgeted administrative expenses

Spending Variance = $22,900 - [$4.20 × 1,170 + $23,000]

Spending Variance = $22,900 - [$4,914 + $23,000]

Spending Variance = $22,900 - $27,914

Spending Variance = $-5,014

This indicates that the actual administrative expenditure was $5,014 below budgeted administrative expenditure. Thus, the spending variance is $60. Hence, the spending variance for administrative expenses in the clinic's flexible budget performance report for last month is $60.

For more about administrative expenses:

https://brainly.com/question/17283938

#SPJ11

Answer:

In economics, an implicit cost, also called an imputed cost, implied cost, or notional cost, is the opportunity cost equal to what a firm must give up in order to use a factor of production for which it already owns and thus does not pay rent. It is the opposite of an explicit cost, which is borne directly.

Deduction for AGI reduce AGI thus reducing the limitations on other tax benefits that are decreased or phased out for higher income taxpayers. certain from AGI deductions may not have an effect on taxable income despite the taxpayer incurring the expense.

Deduction for AGI are the charges that are allowed to be deducted via IRS; it's far usually running charges, even as deductions from AGI are the costs incurred by the taxpayer and itemizes these prices inside the tax return.Adjusted Gross earnings (AGI) is described as gross earnings minus changes to profits. Gross income consists of your wages, dividends, capital profits, commercial enterprise profits, retirement distributions as well as other income.

To know more about AGI click here
brainly.com/question/30784393
#SPJ4

The risk-free rate calculated by using the CAPM formula is 5%.

The risk-free rate can be calculated using the Capital Asset Pricing Model (CAPM), which states that the expected return on a stock is equal to the risk-free rate plus the market risk premium multiplied by the stock's beta.

In this case, we have the cost of equity (i.e., the expected return on the stock) as 22%, the beta as 1.8, and the expected market return as 14%.

Using the CAPM formula, we can solve for the risk-free rate:

22% = Rf + 1.8 * (14% - Rf)

Simplifying the equation, we get:

22% = 1.8 * 14% + 0.2 * Rf

Rearranging and solving for Rf, we get:

Rf = (22% - 1.8 * 14%) / 0.2 = 5%

Therefore, the risk-free rate is 5%.

For more questions like CAPM click the link below:

https://brainly.com/question/29893013

#SPJ11

the college should recognize $315,000 of tuition revenue for January.

On January 1, Northern College received $1,260,000 from its students for the spring semester that it recorded in unearned revenue. The term spans four months beginning on January 1 and the college earns the revenue evenly over the months of the term.

Assuming the college prepares adjustments on January 31, the amount of tuition revenue that the college should recognize for the month of January is $315,000. Therefore, option D is the correct answer.

How to compute for the amount of tuition revenue the college should recognize for JanuaryThe amount of tuition revenue the college should recognize for January can be calculated as follows:

Unearned revenue at January 31 = Unearned revenue at January 1 + Tuition revenue earned in January$1,260,000 (Unearned revenue at January 1) - $315,000 (Tuition revenue earned in January) = $945,000 (Unearned revenue at January 31)

The tuition revenue earned in January can be calculated as:

Total tuition revenue earned for the four-month term = $1,260,000

Tuition revenue earned per month = Total tuition revenue earned for the four-month term / Number of months in the term = $1,260,000 / 4

= $315,000

Therefore, the college should recognize $315,000 of tuition revenue for January.

to know about tuition revenue:

https://brainly.com/question/10927511

#spj11

The answer to the given questions is:2) Uncle Sukhwa is required by contract with the American Birding Association to make one birdhouse each week. How would this affect his profits?

This contract will guarantee that Uncle Sukhwa has a fixed amount of money coming in each week if he can produce the birdhouses that he is required to make. The impact of this contract on Uncle Sukhwa's profits is that they will be guaranteed.

3) Uncle Sukhwa feels that his prices are too low, particularly for his birdhouses. How much would he have to charge for his birdhouses before it is profitable for him to make and sell them? Uncle Sukhwa's profitability would be determined by the costs of production and the prices charged.

To determine what he should charge to become profitable, he must first determine his cost of production. After that, he can add the required profit margin to arrive at a final price.To become profitable, Uncle Sukhwa must price his birdhouses at a price that is equal to or greater than his costs of production.

As a result, to determine the minimum amount that he must charge, he must first calculate his total cost of production.

to know about American Birding:

https://brainly.com/question/1221553

#spj11

The transactions which is prepared in journal are hereby recorded as follows:

Record the transactions in a general journal:

Date |Account |Debit | Credit

Apr 1 |Camera & Film Products |$1,030 |

Accounts Payable | |$1,030 |

Apr 3 | Vision Supplies, Inc. | $855 |

Accounts Payable| |$855 |

Apr 11 |Optical Products | $5,600 |

Accounts Payable | |$5,600 |

Apr 15 | Purchases| $2,550 |

Cash | |$2,550 |

Apr 26 |Myers Brothers Camera Supplies | $6,627 |

Accounts Payable | | $6,627 |

Apr 27 |Accounts Payable | $585 |

Cash | | $585 |

Apr 30 |Purchases |$3,020 |

Cash $3,020

Apr 30 |Camera & Film Products| |$1,030

Cash |$1,030 | |

3. Post the entries from the general journal to the appropriate general ledger accounts:

101 Cash:

Date |Description |Debit |Credit |Balance

Apr 15 |Purchases | |$2,550 |$2,550

Apr 27 |Accounts Payable| |$585 |$2,965

Apr 30 |Purchases | |$3,020 |$5,985

Apr 30 |Camera & Film Product |$1,030| |$4,955

205 Accounts Payable:

Date |Description |Debit |Credit |Balance

Apr 1 |Camera & Film Products| |$1,030 | $1,030

Apr 3 |Vision Supplies, Inc. | |$855 |$1,885

Apr 11 |Optical Products| |$5,600 |$7,485

Apr 26 |Myers Brothers Camera Supplies| | $6,627 | $14,112

Note: The entries for the purchases on credit have not been posted yet, as they do not have a specific account to be posted to. This will be done when the purchases are paid for and recorded in the general journal.

Learn more about journal entries: https://brainly.com/question/14279491

#SPJ1

Given,

Principal (p) = $5,500

Interest rate (r) = 5.35%

Number of years (t) = 25 years

Formula used,

Compound Interest = P [ ( 1 + R/100 )^T] - P

Solving the above equation,

Compound Interest = $5,500 [ ( 1 + 5.35/100 )^25] - $5,500

Compound Interest = $5,500 [ ( 1.0535 )^25] - $5,500

Compound Interest = $5,500 [ 2.3280 ] - $5,500

Compound Interest = $6,804.02

Interest earned in 25 years = Compound Interest - Principal

Interest earned in 25 years = $6,804.02 - $5,500

Interest earned in 25 years = $1,304.02

So, the interest earned in 25 years is $1,304.02.

Given,

Initial Value = $5,500

Inflation rate = 3.4%

Number of years (t) = 25 years

Real Value = Initial Value / (1+Inflation rate/100)^t

Real Value = $5,500 / (1+3.4/100)^25

Real Value = $5,500 / 2.6963

Real Value = $2,035.17

So, the real value of the account in 25 years is $2,100 (approximate).

To know more about Interest rate refer here

brainly.com/question/28236069#

#SPJ11

At maturity, Hoffman Granite Company would pay a total of $632,000 including interest to the Watunga County Bank to satisfy the obligation.

Assuming that interest has been accrued to September 30, the entry that Hoffman Granite Company will make to pay off the note and interest at maturity is:

Debit: Notes Payable $600,000

Debit: Interest Expense $32,000 (8% x $600,000 x 9/12)

Credit: Cash $632,000

This entry reflects the payment of the principal amount of the note ($600,000) and the interest accrued on the note from January 1 to September 30 ($32,000). At maturity, Hoffman Granite Company would pay a total of $632,000 to the Watunga County Bank to satisfy the obligation.

To know more about interest, visit: brainly.com/question/30393144

#SPJ4

The raw materials requisitioned is 0.

Raw Materials Requisitioned = Beginning Raw Materials Inventory - Ending Raw Materials Inventory - Raw Materials Purchased  
Raw Materials Requisitioned = 50,000 - 20,000 - 30,000
Raw Materials Requisitioned = 0
In conclusion, the raw materials requisitioned in this scenario is zero. This is determined by subtracting the beginning raw materials inventory (50,000), the ending raw materials inventory (20,000), and the raw materials purchased (30,000). Thus, raw materials requisitioned is 0.

What exactly is a material request?

A material requisition form outlines the things that must be taken out of stock and utilised in a certain job's worth of manufacturing or customer service.

An employee inside a corporation would utilise a buy request, for instance, if they required more goods. An official form known as a material requisition form enables employees to request the supplies they need to carry out their duties at work.

For more such question on materials requisitioned

https://brainly.com/question/28295482

#SPJ11

This team is an example of a traditional work group. Instead of the word "supervisor," many businesses use "associate" or "team member." Individuals do not receive managerial authority; rather, the titles they possess do. Managers must lead and inspire employees to work toward shared goals in order to achieve tasks with and through them.

The process of planning, organizing, directing, and controlling employee actions in conjunction with other resources in order to achieve organizational goals is known as management. According to unity of command, an employee is only accountable to one boss, who in turn is only accountable to one supervisor, and so on up the organizational structure. This holds true even if a collection of individuals leads the organization's top.

To learn more about supervisor, click here.

https://brainly.com/question/14936907

#SPJ4

The Lerner Index measures the degree of market power or the extent to which a firm can set prices above its marginal cost.

It is calculated as the difference between the price and the marginal cost of production divided by the price.

If the firm sets its price equal to the marginal cost of production, then the numerator of the Lerner Index will be zero, and the Lerner Index will also be zero. This means that the firm has no market power, and the price it charges is equal to the efficient level of production. This situation is known as perfect competition, where firms are price takers and have no ability to influence the market price.

To know more about Lerner Index, visit: brainly.com/question/26656084

#SPJ4

Diversifying, welcoming, and guiding. Effective onboarding programs focus on new employees by diversifying them, welcoming them to the organization, and guiding them in the process. The correct answer is option B.

Diversifying new employees means recognizing their unique backgrounds, skills, and perspectives, and incorporating them into the organization’s culture. This helps new employees feel accepted and welcomed into the company.

Welcoming new employees also involves introducing them to their coworkers, supervisors, and teams. It also involves providing them with any necessary training and instruction to help them transition into their new role. The correct answer  is option B.

Finally, guiding new employees involves providing them with the necessary tools, resources, and support to help them succeed in their role. This could include providing them with a mentor, a manual of policies and procedures, or even an online guide to help them navigate the new job.

Overall, effective onboarding programs focus on new employees by diversifying them, welcoming them to the organization, and guiding them in the process.

To learn more about employees here:

https://brainly.com/question/27404382#

#SPJ11

False. The objective on a resume should briefly state the type of job or industry the candidate is seeking, rather than their long-term career goals.

The aim statement on a resume should include a concise outline of the candidate's professional objectives and how they fit with the specific job or sector they are looking for. It should not focus on long-term professional ambitions, as these may not necessarily correspond with the role or firm the candidate is interested in. The aim statement should instead showcase the applicant's relevant experience, education, and abilities for the position they are looking for, highlighting their appropriateness and potential worth to the organization. The candidate's aims and interests should be covered in this brief, to-the-point statement without being unduly general or evasive. Offering a clear goal statement. Candidates can capture the attention of recruiters and increase their chances of being considered for the role.

learn more about resume here:

https://brainly.com/question/19168418

#SPJ4

Investment in human capital is an important source of economic growth. The answer is c) is an important source of economic growth.

Investment in human capital refers to the expenditures made to improve an employee's skill set and knowledge through education and training programs. By investing in employees and enhancing their abilities, companies can benefit from greater efficiency, reduced errors, and higher productivity. Furthermore, it is critical to providing the necessary human resources for economic growth. As a result, the answer is c) is an important source of economic growth.

Learn more about economic growth: https://brainly.com/question/1690575

#SPJ11

Molly signs a contract with a publishing company to edit text manuscripts. This contract is governed by the laws of contract and is the legal document that establishes the terms of the agreement between Molly and the publishing company.

A contract is a formal and legally binding agreement between two or more parties that outlines their obligations, responsibilities, and liabilities. Contracts are enforceable by law, and failure to meet the terms of a contract can result in legal action.

The elements of a contract are as follows:

The primary purpose of a contract is to establish the terms of an agreement between two or more parties, ensuring that all parties are aware of their obligations and liabilities. A contract provides legal protection for all parties involved in an agreement, and it can be enforced through the legal system if necessary.

Learn more about contract: https://brainly.com/question/984979

#SPJ11

The financial statement analysis involves forms of comparison including multiple choice comparing key items to industry averages, comparing changes in the same item over a number of periods and comparing key relationships within the same year.

The Financial statement analysis is the process of examining a company's financial statements to make business decisions. It aids in determining the company's economic status by analyzing income statements, balance sheets, and cash flow statements for the current year, past years, and even competitors.

Multiple choice comparing key items to industry averages.This process compares a business's financial data with industry averages. The objective is to identify any gaps or variations in a company's financial data that could indicate possible opportunities or threats to a company's profitability.

Comparing changes in the same item over a number of periods. This type of analysis compares changes in the same account over time to identify trends. The goal is to figure out whether the numbers are increasing, decreasing, or staying constant.

This form of analysis aids in the identification of trends or patterns in a company's finances. Comparing key relationships within the same year. This analysis compares financial data from the same year.

Comparing the relationships between key items on financial statements can help in identifying trends, risks, and possibilities for a company to make improvements.

To know more about comparing key refer here

brainly.com/question/30771755#

#SPJ11

The total of the credit column in the trial balance prepared on January 6, Year 2 for Ceramic Products, Inc. would be $200,000. This is calculated by adding the amounts for Accounts Receivable, Notes Payable, and Retained Earnings, which all appear in the credit column.  

Notes Payable had a balance of $19,000 on January 1 and on January 5, the company paid $6,000 of this amount, which brings the balance down to $13,000. Retained Earnings had a balance of $44,000 on January 1, and the balance remains the same after the transactions. Adding these three balances together ($8,000 + $13,000 + $44,000) results in a total of $65,000 for the credit column in the trial balance prepared on January 6, Year 2.

The remaining balance of $135,000 for the credit column is made up of the following accounts: Buildings ($148,000 - $13,000 paid on January 5), Capital Stock ($180,000), Cash ($8,000), Equipment ($15,000), and Land ($75,000).

By adding these five balances together ($135,000) and the balance of $65,000 for the three accounts in the credit column, the total of the credit column is $200,000.

Know more about Retained Earnings here:

https://brainly.com/question/14529006

#SPJ11

The two general costing approaches used by manufacturing companies to prepare income statements are called Absorption Costing and Variable Costing.

Absorption Costing, also known as Full Costing, includes all manufacturing costs (direct materials, direct labor, and manufacturing overhead) in the cost of a product. This method allocates both fixed and variable manufacturing overhead costs to each unit produced.

When preparing an income statement using absorption costing, the cost of goods sold includes all production costs, and the gross margin reflects the difference between the sales revenue and the total production costs. Variable Costing, on the other hand, only includes variable manufacturing costs (direct materials, direct labor, and variable manufacturing overhead) in the cost of a product.

Fixed manufacturing overhead costs are treated as period expenses and are not allocated to each unit produced.

In this method, the cost of goods sold only includes variable production costs, while fixed manufacturing overhead costs are reported as a separate line item in the income statement.

To summarize, the two general costing approaches used by manufacturing companies to prepare income statements are Absorption Costing and Variable Costing.

Absorption Costing allocates all manufacturing costs to the product, while Variable Costing only allocates variable manufacturing costs. These approaches help companies analyze their financial performance and make informed decisions about production and pricing strategies.

For more such questions on Absorption Costing

https://brainly.com/question/31185194

#SPJ11

Based on the provided information, the days to sell (given 365 days in a year) is 91.25 days.

It is given that: Sales = $120,000, Cost of goods sold (COGS) = $80,000, Accounts receivable (AR) at the beginning of the year = $10,000, Accounts receivable (AR) at the end of the year = $14,000, Inventory at the beginning of the year = $18,000, Inventory at the end of the year = $22,000. It is required to calculate the days to sell.

In order to determine the days to sell, calculate the average Inventory and AR for the year. Compute the Cost of goods sold. Then, use the formula for Days to sell to get the required answer.

Average Inventory = (Opening Inventory + Closing Inventory) / 2

= ($18,000 + $22,000) / 2

= $20,000

Average Accounts Receivable (AR) = (Opening AR + Closing AR) / 2

= ($10,000 + $14,000) / 2

= $12,000

Cost of goods sold = Sales – Gross profit

= $120,000 – ($120,000 – $80,000)

= $80,000

Days to sell formula:

Days to sell = (Average Inventory / Cost of goods sold) × Number of days

= ($20,000 / $80,000) × 365

= 91.25

Therefore, the Days to sell for Inventors, Inc. is 91.25 days.

Learn more about Accounts receivable:

https://brainly.com/question/24848903

#SPJ11