The reliability of cost-volume-profit (CVP) analysis depends on several key assumptions. What are those primary assumptions? Discuss.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 78% (14 reviews)
CVP analysis depends on five primary assumptions They are 1 Total sales and tot...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Managerial Accounting questions
-
Several important assumptions underlie CVP analysis. Assumptions often help simplify and focus our analysis of sales and costs. A common application of CVP analysis is as a tool to forecast sales,...
-
Renaissance Clinic is a hospital dedicated to the health care of women. It is located in the hill country surrounding Austin, Texas, and offers an environment that is unique in Austin. At the time of...
-
The assumptions of CVP analysis are so simplistic that no firm would make a decision based on CVP alone. Therefore, there is no reason to learn CVP analysis. Comment.
-
In Exercises 6567, consider a scalar function and a vector field F in space. Determine whether the expression is a vector field, a scalar function, or neither. Explain. div[curl()]
-
Smiley Corporation wholesales repair products to equipment manufacturers. On April 1, Year 1, Smiley Corporation issued $20,000,000 of five-year, 9% bonds at a market (effective) interest rate of 8%,...
-
What has been a reaction to the 2014 appeals court decision? Explain.
-
Eastern Engines Ltd has a policy of maintaining a finished goods inventory balance at the end of a month equal to 25% of the sales requirements of the following month. The ending inventory balance on...
-
Fleetwood Corporation sold $800,000 of 12 percent, 10-year bonds at face value on September 1, 2014. The issue date of the bonds was May 1, 2014. 1. Prepare the journal entries to record the sale of...
-
Two resistors R 2 and R 3 are connected in parallel, and this combination is connected in series with a third resistor R 1. If R 2 = 5.0 , R 3 = 2.0 , and R 1 = 6.0 : 1.What is the equivalent...
-
Accounting information systems have five generic parts. Based on the preceding narrative, information on the Big Marker web site and your own critical thinking, provide two examples of each of the...
-
An examination of the accounting records of Clowney Company disclosed a high contribution margin ratio and production at a level below maximum capacity. Based on this information, suggest a likely...
-
What does operating leverage measure, and how is it computed? Discuss.
-
The following data are for a plain carbon steel alloy: (a)Construct a graph of B versus H. (b)What are the values of the initial permeability and initial relative permeability? (c)What is the value...
-
Part I: Effective cost per hour 1 shift (8 hours) per day 5 holidays 7 days vacation Fringe: 38% of base wage Base hourly wage: $18.40 per hour 30 minute lunch (paid) plus two 15 minute breaks (paid)...
-
For $20,000, Jamie acquired a 20% interest in the New Partnership, formed on January 1 of the current year. New had no ordinary income or loss during the current year, and no Sec. 1231 or capital...
-
While meeting with a client you have some questions concerning their Pension Adjustment amount for their Defined Benefit plan. The client provides the following information : Pensionable income:...
-
Tracy is married to the CEO of a local manufacturing firm, where she also works. When she started with the firm in 1990, she was earning only $35,000. She had no pension benefits. This year, she...
-
A public agency is considering projects that, among other things, will incur major repair and rehabilitation costs on a recurring basis, but with a frequency greater than one year. The costs are...
-
Why, in your opinion, is creativity important in presentation planning?
-
If the amplifier indicated by the box input impedance of oo, which of the following statements are true ? has an open loop gain as well as Feedback factor (\beta = 1/ R_1\) The feedback is voltage...
-
State the number of significant digits in each of the following: (a) 0.5 cm (b) 1055 g (c) 1.2 x 10 0 mL (d) 4.50 x 10 1 s.
-
Carlos Bueso recently started a business. During the first few days of operation, Mr. Bueso transferred $30,000 from his personal account into a business account for a company he named Bueso...
-
Annual reports normally include an income statement, statement of changes in equity, balance sheet, and statement of cash flows. Required Identify the financial statements on which each of the...
-
Components of the accounting equation Required The following three requirements are independent of each other. a. Michaels Motors has assets of $4,550 and net assets of $3,200. What is the amount of...
-
The sheet Inventory lists a grocery store's inventory for two months. Calculate the percent change for each item to two decimal places. If the formula gives an error, put "Initial Stock" in the cell....
-
A local manufacturer produces two different products on the same production line. Product A requires .5 hours of labor while product B requires .8 hours of labor. The total labor available in any one...
-
Hampton Company reports the following information for its recent calendar year. Income Statement Data Sales Expenses: Cost of goods sold Salaries expense Depreciation expense Net income Required:...
Study smarter with the SolutionInn App