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Author Question: A traditional GAAP income statement does not help managers predict the financial results of their ... (Read 13 times)

jlbond23

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on: Feb 5, 2023

Question 1

If selling price is $100 per unit, variable cost is $70 per unit, and fixed cost is $200, calculate the contribution margin ratio.
◦ 50%
◦ 200%
◦ 14%
◦ 30%

Question 2

A traditional GAAP income statement does not help managers predict the financial results of their decisions. Which of the following is a reason for this shortcoming?
◦ The GAAP statement is based on function rather than classification.
◦ The GAAP statement is based on cost behavior rather than cost function.
◦ The GAAP statement is based on classification rather than function.
◦ The GAAP statement is based on cost function rather than cost behavior.
Managerial Accounting ¦ Davis ¦ 4th Edition
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Marked as best answer by jlbond23 on Feb 5, 2023

queenBea90

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Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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jlbond23

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Reply 2 on: Feb 5, 2023
YES! Correct, THANKS for helping me on my review

amandanbreshears

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Reply 3 on: Yesterday
Excellent

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