Operating expense to operating revenue ratio

Assignment Help Financial Accounting
Reference no: EM131214293

For which industry is an operating expense to operating revenue ratio most likely used?

a. banking

b. railroad transportation

c. Electricity Utility

d. Oil and Gas explortation company

e. both b & c

Reference no: EM131214293

Questions Cloud

Calculate bonus based upon the net income shown : Brett Spelling was hired during January 2014 to manage the home products division of Hi-Tech Products. As part of his employment contract, he was told that he would get $5,000 of additional bonus for every 1% increase that the division’s profits exce..
Greatest risk and should therefore earn the greatest return : Which suppliers of funds typically bear the greatest risk and should therefore earn the greatest return?
Characteristic common to banks-utilites : A characteristic common to banks, utilites, and transportation is that:
Interest expense creates magnification of earnings : Interest expense creates magnification of earnings through financial leverage because:
Operating expense to operating revenue ratio : For which industry is an operating expense to operating revenue ratio most likely used?
Computed by the-sum-of the-years-digits method : On April 1,2013 Verlin Co purchased new machinery for $300,000. The machinery has an estimated useful life of five years, and depreciation is computed by the-sum-of the-years'-digits method. What should be accumulated depreciation on this machinery a..
Defer the unrealized gross profit : Tiberand, Inc. sold $150,000 in inventory to Schilling Company during 2008 for $225,000. Schilling resold $105,000 of this merchandise in 2008 with the reminder to be disposed of during 2009. Assuming that Tiberand owns 25 percent of Schilling and ap..
Investment in clem under the equity method : On January 3, 2009, Haskins Corporation acquired 40 percent of the outstanding common stock of Clem Company for $990,000. This acquisition gave Haskins the ability to significant influence over the investee. At December 31, 2009, what should Haskins ..
Prepare a loan amortization schedule for loan : Determine the annual payment on a $500,000, 12 percent business loan from a commercial bank that is to be amortized over a five-year period. Determine the annual payment on a $15,000 loan that is to be amortized over a four-year period and carries a ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  Prepare a revised variance report for yuba machine company

Prepare a revised variance report for Yuba Machine Company using practical capacity as the basis for determining the fixed overhead application rate.

  Fixed overhead budget and fixed overhead volume variance

Acme Company’s production budget for August is 19,100 units and includes the following component unit costs: direct materials, $9.0; direct labor, $11.5; variable overhead, $5.0. Budgeted fixed overhead is $48,000. Calculate the fixed overhead budget..

  Prepare general journal entries for each of the transactions

On January 1, 2014, Tom Davis paid $24,000 for 240 shares, and Jenny Coleman paid $12,000 for 120 shares of Repro Company, Inc., common stock. Prepare general journal entries for each of the transactions. Post the journal entries to into t-accounts. ..

  Determine the net cash flows from operating activities

Determine the net cash flows from operating activities and determine the net cash flows from investing activities.

  The sales budget of mulls company for the fourth quarter of

the sales budget of mulls company for the fourth quarter of 2009 is as

  Landscaping purchased a tractor

Abbott Landscaping purchased a tractor at a cost of $40,000 and sold it three years later for $20,300. Abbott recorded depreciation using the straight-line method, a five-year service life, and a $2,500 residual value.

  By how much should net operating income increase

Deckyard Company distributes a lightweight lawn chair that sells for $42 per unit. Variable expenses are $16.80 per unit, and fixed expenses total $158,760 annually. Use the CM ratio to determine the break-even point in sales dollars. The company est..

  Customers through its sales force

existing customers through its sales force. On January 15, 2011, SSI purchased software to be used specifically in the research process. This particular software had an alternative use in that it could be licensed to and used by others.

  What is value reported on the consolidated balance sheet

On Jan 1, 2013, the Sub acquires land, at a cost of $250,000 and a Building with a cost of $625,000. The building has a $50,000 salvage value and a 15 year estimated useful life. On Jun 30, 2020, the Sub sells the land and the building to the parent ..

  Eliminate the gain from intra-entity transaction

In 2013, company A sold inventory costing $100 to its fully-owned subsidiary company B for $150. The entire inventory remains with company B at the end of 2013. What journal entry should be recorded (*G) at the beginning of 2014 to eliminate the gain..

  Explain long-term liabilities for any potential issues

Now that the current liabilities have been completed for the audit, the audit senior has asked you to review the long-term liabilities for any potential issues. After reviewing the long-term liability documents, you noticed the following potential..

  Use of worksheet in preparing statement of cash flows

Explain the use of a worksheet in preparing a statement of cash flows. When numerous adjustments are necessary or other complicating factors are present, companies often use a worksheet to assemble and classify the data that will appear on the statem..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd