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2 years ago

Vertical accountability refers to the ability of _________.

Business

1 answer:

Wewaii [24]2 years ago

4 0

Answer:

Vertical accountability refers to the ability of

a. individuals and groups to hold state institutions accountable

Explanation:

When discussing accountability in governance, there are different types which include vertical accountability and horizontal accountability.

Vertical accountability refers to the ability of individuals and groups to hold state institutions accountable and horizontal accountability refers to the ability of the legislature to hold the executive accountable.

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Maggie’s Skunk Removal Corp.’s 2018 income statement listed net sales of $13.8 million, gross profit of $8.70 million, EBIT of $

Margarita [4]

Answer: See explanation

Explanation:

1. Calculate the profit margin

Profit Margin = (Net Income/Net Sales) × 100

Profit Margin = (4,500,000/13,800,000) × 100

Profit Margin = 3.26 × 100

Profit margin = 32.6%

2. Calculate the basic earnings power.

Gross Profit Margin:

= Gross Profit/Net Sales × 100

= (8,700,000/13,800,000) × 100

= 6.304 × 100

= 63.04%

3. Calculate the return on assets.

Return on assets= Net income/Total asset

= 4,500,000/53,800,000

= 0.0836

= 8.36%

4. Calculate the return on equity.

Return on equity = Net income/Equity

= 4,500,000/22,300,000

= 0.2017

= 20.17%

5. Calculate the dividend payout.

Dividend payout = Dividend/Net income

= 2,500,000/4,500,000

= 0.556

= 55.6%

5 0

1 year ago

In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has

PSYCHO15rus [73]

Answer:

= $132,000.

Explanation:

There are two types of fixed costs, general fixed cost and specific fixed cost.

General fixed costs are those that cannot be traced to a specific product rather they are incurred for the benefit of all of the product being produced. For example,the rent of the factory where three products are being produced

So they are unavoidable should a product be ceased for production that is they would still be incurred either way.

Specific fixed costs are those incurred specifically for a particular product and as such they would be saved should the product be discontinued. For example , if a special machine that cost $4000 a month to rent is used to produce a product. The $4000 would be saved should the production of the product ceases

The net operating cost of the company would increase by the amount of the avoidable specific fixed cost:

=$90,000 + $42,000

= $132,000.

3 0

2 years ago

Andreas is a political consultant with his own firm. he travels the country and provides campaign advice for political candidate

Rus_ich [418]

Bills accounting profit is equals to revenue ($250,000) minus explicit (monetary) cost (50,000 and 30,000), while his economic profit is equals to accounting profit minus implicit (opportunity) cost (3,000 and 100,000). Accounting profit is $170,000 and Economic profit is $67,000.

Economic profit is always lower than accounting profit because explicit costs and implicit costs are both deducted to revenue. Implicit costs are cost that he should have earned if he gives up his present resources. These costs are projected cost and are not yet incurred.

6 0

2 years ago

Anthony likes hands-on learning so he is looking for a career with post-secondary training that is more hands on and less classr

Rzqust [24]

I know this is a bit late, but I would go with marine biology. All of the other jobs are really hands on.

4 0

2 years ago

Read 2 more answers

Suppose you were hired as a consultant for a company that wants to penetrate the Comp-XM market. This company wants to pursue a

Andreas93 [3]

Answer:

Option B. Chester Company

Explanation:

The company wants to pursue Niche Cost Leader Strategy. In a Niche cost leader strategy the product is highly differentiated and the cost the company charges to its customer is low as apposed to other competitors. The companies that has highly differentiated product and are new entrants usually use this strategy to win a good share of market size.

The strongest competitor would have lowest price, very stable market share price, high investment in plant and equipment, higher production capacity, lowest return on investment, lowest earnings per dollar sales. etc.

Now we will asses different reports and conclude which competitor will be the strongest competitor for the Niche Cost Leader Strategy company. The analysis is given as under:

Lowest Price: If we look at the Production information, Price Column and take the average price of the products of each company then we can conclude that Chester's price of average product is $20, Baldwin has $24.17 and the rest of the competitors are charging high. This means Chester is charging lowest price.
Stable Market Share Price: The vulnerability of share price of Chester is the lowest which stands at $0.45. This means that the stock exchange values the company's share as a stable stock with least vulnerability. (See Stock Market Summary)
Lower Return on Asset and Return on Sales: If we analyze the Selected Financial Statistics then we will acknowledge that Chester also has 2nd lowest Return on Assets and Return on sales which shows that the company is charging lower prices to its customers. Baldwin is not appropriate to consider here because the company is incurring losses hence its Return on Assets and Return on Sales can not be considered as good indication.
Higher Investment in Plant and equipment: The company has 2nd highest investment in plant and equipment with highest Net Book Value of $148k and Baldwin stands at $178k. Now again the higher investment of Baldwin is financed by debt which costs the company more than Chester. This means Chester would be strongest competitor because the company will have to only bear the depreciation cost which is non cash flow in nature and not the interest cost which Baldwin is bearing. (See Income statement for Interest Cost and Balance sheet for Carrying value of the asset).
Production Capacity: Chester has the highest production capacity which means that the company despite its 2nd largest investment in plant and equipment. This means that the plant and machinery of Chester is more innovative which is the reason that the production capacity is higher than other competitors.

From the above analysis it seems that Chester is pursuing Niche Cost Leader Market and is the strongest competitor that the company will face. Hence B is the correct option here.

6 0

2 years ago