True and False. Gross profit is to be divided between pre- and post-incorporation periods in sales ratio.
Question:
True and False. Gross profit is to be divided between pre- and post-incorporation periods in sales ratio.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (3 reviews)
Answered By
Somshukla Chakraborty
I have a teaching experience of more than 4 years by now in diverse subjects like History,Geography,Political Science,Sociology,Business Enterprise,Economics,Environmental Management etc.I teach students from classes 9-12 and undergraduate students.I boards I handle are IB,IGCSE, state boards,ICSE, CBSE.I am passionate about teaching.Full satisfaction of the students is my main goal.
I have completed my graduation and master's in history from Jadavpur University Kolkata,India in 2012 and I have completed my B.Ed from the same University in 2013. I have taught in a reputed school of Kolkata (subjects-History,Geography,Civics,Political Science) from 2014-2016.I worked as a guest lecturer of history in a college of Kolkata for 2 years teaching students of 1st ,2nd and 3rd year. I taught Ancient and Modern Indian history there.I have taught in another school in Mohali,Punjab teaching students from classes 9-12.Presently I am working as an online tutor with concept tutors,Bangalore,India(Carve Niche Pvt.Ltd.) for the last 1year and also have been appointed as an online history tutor by Course Hero(California,U.S) and Vidyalai.com(Chennai,India).
4.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
-
It is required to maintain an air-conditioned hall at 280C DBT and 200C WBT. It has a sensible heat load of 45.4KW and a latent heat load of 16.5 KW. The air supplied from the outside atmosphere at...
-
Veda Storey and Gordon Rogers have a partnership agreement with the following provisions for sharing profit or loss: 1. A salary allowance of $30,000 to Storey and $40,000 to Rogers 2. An interest...
-
In recent years, Avery Transportation purchased three used buses. Because of frequent turnover in the accounting department, a different accountant was in charge of selecting the depreciation method...
-
Dikembe purchases 1,000 breeding hogs for $542,000 in April 2011. Dikembe does not want to claim bonus depreciation. a. What is his maximum 2011 cost-recovery deduction for the hogs? b. Dikembe's...
-
The weights of nominal 1-kg containers of a concentrated chemical ingredient are shown in Table 5E.14. Prepare a normal probability plot of the data and estimate process capability. 0.9475 0.9775...
-
Refer to your answers in E4-28A. In addition to the manufacturing overhead costs, the following data are budgeted for the companys Standard and Deluxe models for next year: Requirements: 1. Compute...
-
Analyzing the Effects of Transactions in T-Accounts and Computing Cash Basis versus Accrual Basis Net Income Staceys Piano Rebuilding Company has been operating for one year (2010). At the start of...
-
What two different types of firmware may be used on motherboards? a. POST b. UEFI c. CMOS d. BIOS
-
The two important ratios in the calculation of pre-incorporation profit are ____________ and ____________.
-
Profit prior to incorporation is the profit earned: (a). Between the date of incorporation and the date of commencement of business; (b). Between the date of purchase of business and the date of...
-
Symbiotic Chemical Company has four major industry segments and operates both in the U.S. domestic market and in several foreign markets. Information about its revenue from the specific industry...
-
Tesco.com has established a position of being the worlds leading online grocer with an estimated sales turnover of 401 million and profits up 37 per cent to 21 million (as at 21 September 2005)....
-
Describe and briefly explain the purpose of the different stages involved in updating an existing document on a commercial website.
-
Describe different options for testing the effectiveness of competing offers online.
-
A service is rented rather than owned. Explain what this statement means, and use examples to support your explanation.
-
From a resource-based view, explain the difference between resources and capabilities.
-
In the original Western Airlines set-covering model in Figure 14.52, we used the number of hubs as the objective to minimize. Suppose instead that there is a fixed cost of locating a hub in any city,...
-
Imagine a sound wave with a frequency of 1.10 kHz propagating with a speed of 330 m/s. Determine the phase difference in radians between any two points on the wave separated by 10.0 cm.
-
Which of the following statements explain prudence concept most closely ? A. All legislation and accounting standards have been complied with B. Understatement of assets or gains and overstatements...
-
An investment normally qualifies as a cash equivalent only when it has a short maturity of, say, A. Six months or less B. Four months or less C. Three months or less
-
Which is an example of the prudence concept? A. Only items with a monetary value are included in accounting B. Accrued expenses are charged to profit and loss account C. Profit is not over-stated
-
What does it mean to say that a database displays both entity integrity and referential integrity? Why are entity integrity and referential integrity important in a database? What are some things you...
-
Can you review and let me know if I am right or wrong? REFERENTIAL INTEGRITY Employee table ; Referential Integrity YES ; The table has a foreign key and the values in it reference valid information...
-
What is referential integrity constraint in SQL ? With respect to referential integrity rules, what is an insertion and updation rule? Use some example illustrate your answer.
Probability Statistics And Random Processes For Engineers 1st Edition - ISBN: 0534368883 - Free Book
Study smarter with the SolutionInn App