Distinguish between operating profit and net profit.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (8 reviews)
Operating profit is total revenues from operations for the accounting period minus total costs f...View the full answer
Answered By
OTIENO OBADO
I have a vast experience in teaching, mentoring and tutoring. I handle student concerns diligently and my academic background is undeniably aesthetic
4.30+
3+ Reviews
10+ Question Solved
Related Book For
Management and Cost Accounting
ISBN: 978-1405888202
4th edition
Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, George Foster
Question Posted:
Students also viewed these Managerial Accounting questions
-
Distinguish between operating and non-operating income in relation to the income statement.
-
Distinguish between operating income and net income.
-
Distinguish between departmental gross profit, departmental operating income, and departmental direct operating margin.
-
A politician claims that the mean salary for managers in his state is more than the national mean, $85,000. Assume the the population is normally distributed and the population standard deviation is...
-
List some forms of political risk other than a takeover of a subsidiary by the host government, and briefly elaborate on how each factor can affect the risk to the MNC. Identify common financial...
-
In late 2011, what further information did the SEC provide about its plans with respect to future convergence between U.S. GAAP and IFRS?
-
In the benzene adsorber of Example 9.7, the flow rate is increased to \(0.25 \mathrm{~m}^{3} / \mathrm{s}\). Calculate the breakthrough time and the fraction of the bed adsorption capacity that has...
-
The completed financial statement columns of the worksheet for Fleming Company are shown below. Instructions (a) Prepare an income statement, an owners equity statement, and a classified balance...
-
A fleet of vehicles is comprised of 60 vans, 20 limos, and X sedans. If 10% of all vehicles are limos, how many sedans are in the fleet?
-
Read the case study and answer the following questions Boomerang Juice Company: A Taste for International Market Located in Perth, Australia, Boomerang Juice is a small enterprise that specializes in...
-
Espasso is negotiating for Tornado 2, a sequel to its mega-blockbuster Tornado. This negotiation is proving more difficult than for the original movie. The budgeted production cost (excluding...
-
The Ville de Genve, Switzerland, makes a SFr 400 000 lump-sum budget appropriation to an agency to conduct a counselling programme for drug addicts for a year. All of the appropriation is to be...
-
Define the basic components of a firms balance sheet, income statement, and statement of cash flows.
-
Amy plans to repay a loan of $360,000 by making payments of $60,000 at the end of each year for 10 years. She replaces the capital by means of a sinking fund and pays interest on the loan at an...
-
A company plans to issue a $1,000 par value, 11-year noncallable bond with a 15% annual coupon, paid semiannually. The company's marginal tax rate is 41%, but there is legislation that is considering...
-
You have obtained the following data: D 0 = $1.63; P 0 = $57; and g = 7.4% (constant). Based on the DCF approach, what is the cost of equity from retained earnings?
-
A project has the following cash flows over the next four years starting right now; -5000; 1500; 1500; 3,608; 4000. The projects cost of capital is 8 percent. What is the projects payback period?
-
Question: Discuss the pros and cons of architectures with a 64-bit word size versus those with a 32-bit word size. Which applications are likely to benefit most? [4 marks] (c) If you were a processor...
-
State how investors expected rate of return is computed.
-
According to a New York Times columnist, The estate tax affects a surprisingly small number of people. In 2003, . . . just 1.25 percent of all deaths resulted in taxable estates, with most of them...
-
Milj-Spe AS produces two joint products, cooking oil and soap oil, from a single vegetable oil refining process. In July 2015, the joint costs of this process were NOK 24 000 000. Separable...
-
Nor-Pharma AS manufactures three joint products from a joint process: Altox, Lorex and Hycol. Data regarding these products for the fiscal year ended 31 May 2015 are as follows: The joint production...
-
Starzmann GmbH assembles and sells motor vehicles. It uses an actual costing system, in which unit costs are calculated on a monthly basis. Data relating to April and May of 2015 are: The selling...
-
"Beginning Transactions" on the first Excel worksheet will provide the Balance Sheet for 2019 and the Transactions for January 2020. On the second Excel worksheet, "Journal Entries" , you should...
-
Discuss feminist ideology a) What is feminism as an ideology? How do feminists explain and understand the root cause of gender inequality and what do they propose to do? Include a discussion of...
-
You invest $ 1 , 1 0 0 at a 1 2 % annual interest rate, stated as an APR. Interest is compounded monthly. How much will you have in 1 . 5 years? In 2 years? ( Do not round intermediate calculations....
Study smarter with the SolutionInn App