Bramble Corp. and its divisions are engaged solely in manufacturing operations. The following data pertain to the segments in which operations were conducted for the year ended December 31, 2021.

In its segment information for 2021, how many reportable segments does Bramble have?

13. Suppose a firm offers a divisional manager linear pay-for-performance contract based on the revenues of the division the manager leads. The manager’s pay includes a fixed yearly salary F and a fraction of the division’s revenue a that is paid to the manager. Suppose the demand for this type of divisional manager increases, meaning that the firm has to increase this manager’s pay in order to retain him or her. Should the firm do this by increasing the salary F, the commission a, or both? Explain in detail

THE ANSWER SHOULD BE TAKEN FROM"economies of strategy 6th edition"

you are kindly requested to write a detailed answer

uppose the government of Mascolia is considering replacing its income tax system with a consumption tax. Assume that the government's revenue requirement would be the same under either system.

(a) How would the base of a consumption tax compare with the base of an income tax? Does this have implications for the magnitude of the tax rate on consumption versus the magnitude of the tax rate on income? Explain.
(b) Compare the income tax and consumption tax in terms of vertical equity, assuming that both tax all people at the same rate (for example, a 20% tax on income and a 20% sales tax).

Question 3:

Comment on the following statements:

1. “The balance sheet is pretty useless for decision making. It only shows the position at a single point in time and a past point in time, at that.”

2. A company’s income statement shows an annual sales revenue of about AED 60 million and interest payable of AED 6.5 million. The auditors discovered that an employee had fraudulently paid himself AED 2,000 and charged this to ‘interest payable’ in the income statement.

Would the auditors be reasonable to conclude that the income statement fails to show a ‘fair representation’ of what happened during the year concerned?

QUESTION 1

Suppose that the government of China decided to impose a per unit tax on the suppliers of salt.

a. Using a supply and demand model, show and explain the impact that the per-unit tax had on the equilibrium price and quantity of salt.

b. Using the diagram created for your answer to (a), show and explain what effect the per unit tax had on consumer surplus, producer surplus and deadweight loss.

c. List three reasons a government may impose a tax. Discuss the link between government revenue from taxation and elasticity of demand. [max words: 250]

Find the Operating cycle and Cash cycle (show work).

"A firm is considering purchasing a computer system. The following data has been collected. - Cost of the system: $165,000 - Project life: 6 years - Salvage value at the end of year 6: $19,000 - Depreciation method: five-year MACRS - Tax rate: 32% - Annual revenue from project: $120,000 - Annual expenses (not including depreciation): $78,000 The firm will borrow the entire $165,000 at 5.5% interest to be repaid in 2 annual payments. The firm's MARR is 19%. Determine the IRR for the computer system. Enter your answer as a percentage between 0 and 100."

For this question, you need to prepare a flexible budget and offer a critical analysis of the performance of different items.

The following are the budgeted and actual income statements for Baxter Ltd for the month of July:

All of this is in pounds.

An accounting must be familiar with the concept involved in determining earning of a business entity. The amount of earing reported for a business entity is dependent on the proper recognition in general of revenue and expenses at the time of product sale; in other situation, guidelines have been developed for recognizing costs as expenses or losses by other criteria.
1- Explain the rationale for recognizing costs as expenses at the time of product sale.
2-What is the rationale underlying the appropriateness of treating costs as expenses of a period instead of assigning the costs to an asset?
3- Identify the necessary conditions in which it could be appropriate to treat a cost as loss.

Ex. 18-134—Percentage-of-completion method. Penner Builders contracted to build a high-rise for €35,000,000. Construction began in 2018 and is expected to be completed in 2020. Data for 2018 and 2019 are:

   2018 2019

costs incurred to date    4.5M 13M

Estimated cost to complete 18M. 12M

Penner uses the percentage-of-completion method.

Instructions

A: How much gross profit should be reported for 2018? Show your computation.

B: How much gross profit should be reported for 2019?

C: Make the journal Entry to record the revenue and gross profit for 2019