Homework:Ch 3 Hwk Question 5, BMC3-17 (similar to) HW Score: 8%, 8 of 100 points Score: 0 of 2 During the current​ year, Company increased its variable​ SG&A expenses while keeping fixed​ SG&A expenses the same. As a​ result, ​'s A. Inventory amounts booked under the financial accounting income statement will be lower than under the contribution income statement. B. Contribution margin will be​ higher, while its gross margin will remain the same. C. Contribution margin and gross margin will be lower. D. Operating income will be the same under both the financial accounting income statement and contribution income statement.

Transactions that affect earnings do not necessarily affect cash. identify the effect, if any, that each of the following transactions would have upon cash and net income. the first transaction has been completed as an example. (if an amount reduces the account balance then enter with negative sign preceding the number e.g. -15,000 or parentheses e.g. (15, cash net income (a) purchased $120 of supplies for cash. –$120 $0 (b) recorded an adjustment to record use of $35 of the above supplies. (c) made sales of $1,370, all on account. (d) received $700 from customers in payment of their accounts. (e) purchased equipment for cash, $2,450. (f) recorded depreciation of building for period used, $740. click if you would like to show work for this question: open show work

Which one of the following statements is correct? process costing systems use periodic inventory systems. process costing systems assign costs to departments or processes for a time period. companies that produce many different products or services are more likely to use process costing systems. production is continuous when a job-order costing is used to ensure that adequate quantities are on hand.

Imprudential, inc., has an unfunded pension liability of $572 million that must be paid in 25 years. to assess the value of the firm’s stock, financial analysts want to discount this liability back to the present. if the relevant discount rate is 6.5 percent, what is the present value of this liability? (do not round intermediate calculations and enter your answer in dollars, not millions, rounded to 2 decimal places, e.g., 1,234,567.89)