Management is considering the discontinuance of the manufacture and sale of Product G at the beginning of the current year. The discontinuance would have no effect on the total fixed costs and expenses or on the sales of Products F and H. What is the amount of change in net income for the current year that will result from the discontinuance of Product G

Answers

Answer 1

Answer:

net income will decrease by $30,000

Explanation:

The information is incomplete, so I looked for a similar question (see attached image).

Even though product G resulted in a $20,000 loss, it absorbed $50,000 of fixed costs.

The net financial effect of discontinuing product G = unavoidable fixed costs - previous gain or loss resulting from operations = -$50,000 - (-$20,000) = -$50,000 + $20,000 = -$30,000.

So net income will decrease by $30,000.

Management Is Considering The Discontinuance Of The Manufacture And Sale Of Product G At The Beginning

Related Questions

Which of the following is false? Group of answer choices Lateness in any of the activities located on the critical path would result in lateness in overall project completion time If an activity has a slack value greater than zero, it needs to be a critical activity Lateness in activities, which are not located on the critical path, may or may not result in lateness in overall project completion time, depending on their slack time If there is only one activity in a project, it needs to be a critical activity If Activity A needs to be completed before Activity B starts, Activity A is the immediate predecessor of activity B

Answers

Answer:

If an activity has a slack value greater than zero, it needs to be a critical activity

Explanation:

The false statement in the group of answer choices is If an activity has a slack value greater than zero, it needs to be a critical activity this is because for an activity to be considered a critical activity its slack value has to be equal to zero and not greater than zero,

activities with critical value greater than zero are considered just activities and not critical activities because there is time range given to the activity

Suppose that the resale of tickets to professional football games is illegal in Missouri. Due to the high demand for Chiefs (who play in Kansas City, Missouri) tickets there is a shortage of tickets at the current ticket price. Given that the Chiefs will not raise the price at which they sell the tickets, what would be the result

Answers

Answer:

The shortage is the result of the quantity demanded exceeding the quantity supplied (since the stadium can only fit a certain amount of people) and the price being fixed and not being able to achieve equilibrium. If the resale if tickets is allowed, the resale price will increase until equilibrium is reached and the shortage disappears.

Explanation:

the question is incomplete, the following is missing:

"Given that the Chiefs will not raise the price at which they sell the tickets, what would be the result of allowing tickets to be resold in a secondary market at whatever price the market would support?"

please helppppppppppppppppppppppppppppp

Answers

Answer:

In the first column state the things that you need to do.In the next one say when they should be done. The next is how it's going.Then it's the date you finished.

Are there any true communist economies today? Which economies call themselves communist, and what are they actually, if not communist?

Answers

Hey!! Glad I can help!!!

Answer:

Today, the existing communist states in the world are in China, Cuba, Laos and Vietnam. These communist states often do not claim to have achieved socialism or communism in their countries, but to be building and working toward the establishment of socialism in their countries.

If satisfied leave a review and feel free too give me brainiest :D

Free Cash Flow The following information is derived from recent financial statements of BizInc Corp.: EBIT for 2014 was $159, and Depreciation Expense for 2014 was $41. The firm's tax rate is 26%. Net Operating Working Capital (NOWC) for end of year 2013 was $63, and NOWC for end of year 2014 was $65. Net fixed assets for EOY 2013 were $124 and they were $322 for EOY 2014. All dollar figures for this question are in $Millions -- you should disregard units in all figures, including your response. The Free Cash Flow for 2014 was $_________(million).

Answers

Answer:

The Free Cash Flow for 2014 was ($41.34 million)

Explanation:

Value of free cash flow = EBIT (1 - tax rate) + Depreciation - Capital expenditure - Working capital

= $159 million ( 1 - 0.26) + $41 million - ($322 million - $124 million) - ($65 million - $63 million)

= $159 million (0.74) + $41 million - $198 million - $2 million

= $117.66 million + $41 million - $198 million - $2 million

= -$41.34 million.

Larry Simmons has​ split-limit 150​/225​/110 automobile liability insurance. Several months ago Larry was in an accident in which he was found to be at fault. Four passengers were seriously injured in the accident and were awarded ​$243,000 each because of​ Larry's negligence. How much of this judgment will​ Larry's insurance policy​ cover? What amount will Larry have to pay out of​ pocket?

Answers

Answer:

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000

Explanation:

Given:

Number of insurance = 3

Each injured person awarded = $243,000

Find:

Larry's insurance policy​ cover

Amount pay by Larry

Computation:

Larry's insurance policy​ cover = Number of insurance × Each injured person awarded

Larry's insurance policy​ cover = $243,000 × 3

Larry's insurance policy​ cover = $729,000

Amount pay by Larry = $243,000 (For fourth person)

The following cost data pertain to the operations of Quinonez Department Stores, Inc., for the month of September. Corporate headquarters building lease $ 86,000 Cosmetics Department sales commissions--Northridge Store $ 5,300 Corporate legal office salaries $ 57,300 Store manager's salary-Northridge Store $ 11,700 Heating-Northridge Store $ 14,400 Cosmetics Department cost of sales--Northridge Store $ 32,400 Central warehouse lease cost $ 13,900 Store security-Northridge Store $ 16,300 Cosmetics Department manager's salary--Northridge Store $ 4,260 The Northridge Store is just one of many stores owned and operated by the company. The Cosmetics Department is one of many departments at the Northridge Store. The central warehouse serves all of the company's stores. What is the total amount of the costs listed above that are direct costs of the Cosmetics Department

Answers

Answer:

$41,960

Explanation:

Direct costs are costs that are specific to a certain product, service or in this case, department or business unit. They are not shared with other products, services or business units.

The direct costs allocated to the Cosmetics Department are:

Cosmetics Department sales commissions--Northridge Store $5,300 Cosmetics Department cost of sales--Northridge Store $32,400 Cosmetics Department manager's salary--Northridge Store $4,260 total $41,960

It is estimated that a certain piece of equipment can save ​$ per year in labor and materials costs. The equipment has an expected life of years and no market value. If the company must earn a ​% annual return on such​ investments, how much could be justified now for the purchase of this piece of​ equipment?

Answers

Answer:

The amount that could be justified now for the purchase of this piece of​ equipment is $73,747.41.

Explanation:

Note: This question is not complete as all the data in it are omitted. A complete question is therefore provided before answering the question as follows:

It is estimated that a certain piece of equipment can save $22,000 per year in labor and materials cost. The equipment has an expected life of five years and no market value. If the company must earn a 15% annual return on such investments, how much could be justified now for the purchase of this piece of equipment?

The explanation to the answer is now given as follows:

To calculate this, the formula for calculating the present value of an ordinary annuity is used as follows:

PV = P * [{1 - [1 / (1 + r)]^n} / r] …………………………………. (1)

Where;

PV = Present value of the amount to justify the equipment purchase = ?

P = yearly savings in labor and materials costs = $22,000

r = annual return rate = 15% = 0.15

n = Equipment has an expected life = 5

Substitute the values into equation (1) to have:

PV = $22,000 * [{1 - [1 / (1 + 0.15)]^5} / 0.15]

PV = $22,000 * [{1 - [1 / 1.15]^5} / 0.15]

PV = $22,000 * [{1 - 0.869565217391304^5} / 0.15]

PV = $22,000 * [{1 - 0.497176735298289} / 0.15]

PV = $22,000 * [0.502823264701711 / 0.15]

PV = $22,000 * 3.35215509801141

PV = $73,747.41

Therefore, the amount that could be justified now for the purchase of this piece of​ equipment is $73,747.41.

Any materials published before the year usually are not subject to copyright.​

Answers

Answer:

1923 is the correct answer

Explanation:

edge 2020

Any materials published before the year  1923 usually are not subject to copyright.​

What is copyright?

When a person sets a creation in a physical style of expression, trademark, or a sort of property right, preserves the original authorship of that work to avoid it from inappropriately imitating.

A work must possess a "sense of excitement" and a "fair degree" of creativity, according to the Supreme Court, in order to be considered creative. However, some things, like slogans, brief phrases, names, and titles, lack creativity.

They finished printing all of the CCE "Book" volumes from 1923 to 1964 at the beginning of May. This gives us the most up-to-date picture of the number of books that were protected by copyright in the United States during this time.

Learn more about copyright, here:

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As the controller of Chardon​ Consulting, you have hired a new​ employee, whom you must train. She objects to making an adjusting entry for accrued salaries at the end of the period. She​ reasons, "We will pay the salaries soon. Why not wait until payment to record the​ expense? In the​ end, the result will be the​ same." Write a reply to explain to the employee why the adjusting entry is needed for accrued salary expense.

Answers

Explanation:

In this case, it is incorrect to wait until payment to record the expense, as organizational accounting is essential in an organization so that there is a record and control of organizational financial transactions so that companies can obtain information about the business and take reasoned decisions based on the current reality of the company.

Therefore, all income and expenses for the period must be recorded in accounting so that there is real information about an organization's movements in a period.

A $1 off coupon for carnation instant breakfast powder is a form of:___________.
a. public relations
b. sales promotion
c. advertising
d. personal selling
e. publicity

Answers

Answer:

b. sales promotion

Explanation:

Sales promotion is the best method to sell any product or attract customers to purchase that particular product. Sales promotion is a method to increase productivity. It also motivating customers to buy the product and trial or switch their product.

Therefore according to the given situation, the correct answer is b that is sales promotion.

THE TASK: Re-write this letter, correctly understanding its purpose, by following the writing process and the 7 C’s, you have studied during the course. Please use the letter format. You can make necessary assumptions and delete/add information. I am writing to inquire about your recent order for a custom wedding suit. You forgot to mention what color you want, and you failed to include your measurements. I would like to clear up this confusion quickly so that we will be able to provide you with the suit before the wedding. When, exactly, is the happy day? I know you must be busy getting ready for the wedding, but if you can spare the time, you might want to stop by in person to pick out your suit, because we do offer an incredibly wide selection of fine wedding attire. At that time, you could also select an appropriate tie and shirt. I would also suggest that you choose clothing for your best man and ushers, assuming that you are having a large wedding. We are prepared to provide the best in both custom and rental formal attire for your entire wedding party, regardless of how large or small it may be. Incidentally, you should also bring your fiancée along to coordinate the men’s clothing with the bridesmaid’s dresses. You know how picky women are about clothes. If you can’t come by in person, you should send me a letter stating your measurements and indicating your color and style preferences, or call me at 633-4296. After we receive this information, we will need at least two weeks to complete the suit. Thank you for your cooperation in this matter.

Answers

Answer:

                                                                  Wedding Clothings Inc.,

                                                                  232 Wasington Drive,

                                                                  Tennessee State,

                                                                   United States of America.

33 Georgia county,

New York City.

Dear MaryJane,

            Re:  Inquiry on your recent wedding dress order.

I am writing to inquire about your recent order for a custom wedding suit. I notice that, you might be busy with the wedding planning and organization hence the reason why you forgot that you placed an order. In your order, you did not indicate what color you want, and your measurements. This two information is necessary to be able to provide you with the suit before your actual the wedding.

If you don't mind me asking, when exactly is the happy day going to be? And, also, it would be nice if you can spare some time and stop by in our shop in person inorder to pick out your suit. This is because, we do offer an incredibly wide selection of fine wedding attire. The opportunity would afford you the time to select an appropriate tie and shirt.

I would also suggest that you choose clothing for your best man and ushers, assuming that you are having a large wedding. We are prepared to provide the best in both custom and rental formal attire for your entire wedding party, regardless of how large or small it may be. Also, you could bring your fiancée along to coordinate the men’s clothing with the bridesmaid’s dresses. You know how picky women are about clothes.

If you can’t come by in person, you should send me a letter stating your measurements and indicating your color and style preferences, or call me at 633-4296. After we receive this information, we will need at least two weeks to complete the suit. Thank you for your cooperation in this matter.

Sincerely yours,

Janet McCoy (Sales Manager)

For: Wedding Clothings Inc.

Explanation:

Your landscaping company can lease a truck for $7,800 a year (paid at year-end) for 6 years. It can instead buy the truck for $38,000. The truck will be valueless after 6 years. The interest rate your company can earn on its funds is 7%. What is the present value of the cost of leasing?

Answers

Answer:

3717.6140

Explanation:

Calculation for the present value of the cost of leasing

Using this formula

Present value=Lease amount/Interest rate×(1-1/Increase interest rate^Numbers of Years)

Let plug in the formula

Present value=7,800/7%×(1-1/1.07^6)

Present value=11.142×0.3336577

Present value=3717.6140

Therefore the present value will be 3717.6140

The last in line for the payment of profits are the:_______ a) boundholders b) common stockholders c) preferred stockholders d) government e) customers.

Answers

Answer:

common stockholders

Explanation:

After taxes have been paid to the government, bondholders are paid.

Bondholders are those who borrow money to a company. They are paid fixed contractual amount at set dates

After bondholders have been paid, preferred stockholders are paid.

common stockholders are the last to be paid. common stockholders are owners of the company. common stockholders are individuals that purchase the shares of a company

In the current year, Riflebird Company had operating income of $220,000, operating expenses of $175,000, and a long-term capital loss of $10,000. How do Riflebird Company and Roger, the sole owner of Riflebird, report this information on their respective Federal income tax returns for the current year under the following assumptions? Riflebird Company is a proprietorship (Roger did not make any withdrawals from the business). Riflebird Company is a C Corporation (no dividends were paid during the year).

Answers

Answer and Explanation:

In the case of proprietorship

net profit is

= Operating income - operating expenses

= $220,000 - $175,000

= $45,000

Since the long term capital loss is given i.e. $10,000 so the same is to be considered

In the case of C Corporation

Since no dividend is paid so here the net profit and the long term capital loss would be zero

Which is not a defining attribute of a group?a. Mutual goal b. Unstructured relationships c. Positive interdependence d. Interpersonal interaction.

Answers

Answer:

d. Interpersonal interaction.

Explanation:

A group may have mutual goal, unstructured relationships but may not necessarily have Interpersonal interaction.

For example, a group of 100 persons makes up the passengers on a flight heading to New York City (their mutual goal)  and they're made of individuals of random backgrounds (unstructured relationships). They expect the pilots to deliver them safely at their destination (positive interdependence), however, it is likely that throughout the trip there is no interpersonal interaction among the passengers.

Now consider machining jamming caused by both defective parts jamming and station malfunction. Assume component lot quality is at the level of 1/4 percent defective, what is the production rate? Can the production quota of 2,500 units per eight-hour shift be met? What is the percent downtime? What is the efficiency of this line? What is the throughput time?

Answers

Please find full question attached Answer:

C. production rate =2873 units per 7.8hrs

Production rate of 2500 units per 8 hours can be reached.

Percent Down time = 2.5%

Efficiency of line = 114.92%

Throughput time = 7.8 hrs

Explanation:

Please find explanation attached

The following income statement is provided for Ramirez Company for the current year: Sales revenue (3,500 units × $21.00 per unit) $ 73,500 Cost of goods sold (variable; 3,500 units × $9.00 per unit) (31,500 ) Cost of goods sold (fixed) (5,000 ) Gross margin 37,000 Administrative salaries (7,000 ) Depreciation (5,000 ) Supplies (3,500 units × $3.00 per unit) (10,500 ) Net income $ 14,500 What amount was the company's contribution margin?

Answers

Answer:

Contribution margin = $31,500

Explanation:

Given:

Sales revenue (3,500 units × $21.00 per unit) = $73,500

Cost of goods sold (variable: 3,500 units × $9.00 per unit) = $31,500

Supplies (3,500 units × $3.00 per unit) = $10,500

Find:

Contribution margin

Computation:

Contribution margin = Sales Revenue - Variable cost - Supplies

Contribution margin = $73,500 - $31,500 - $10,500

Contribution margin = $31,500

Classify the given goods according to whether or not they would be included in calculating the GDP for the United States. All goods should be placed. If a country is not specified, you can assume the action is performed in the United States. Included in the GDP of the U.S. NOT included in the GDP of the U.S. Answer Bank

Answers

Please find full question attached Answer:

Honda's assembly and sale of cars in the US

old navy purchases mannequins to display clothes

Explanation:

The above are the only goods that qualify to be entered for GDP calculations since they are final goods and are also produces in the United States. The others do not qualify as some are not final goods and others are not produced in the country example ocean spray purchases plastics to make bottles cannot be classified as final goods since they are intermediate goods and will stillGdP will still be calculated on the final product

The central bank of Albernia likes to use changes in the reserve requirement to manage the money supply. The commercial banks of Albernia have $100 million in reserves and $1,000 million in deposits, the initial required reserve ratio is 10%. (The commercial banks follow a policy of holding no excess reserves). How much, at most, will the money supply change if the required reserve ratio falls to 5%?

Answers

Answer:

$10,000 million

Explanation:

The computation of  the change in the money supply is shown below:

At 10%

Required reserves= deposits × required reserve ratio

= $1000 million × 10%

= $100 million

Now

The total amount of money supply is

New deposits= 1 ÷ required rate of return  x deposits

= 1 ÷ 10% × $1000 million  

= 10 x $1000

= $10,000 million

At 5%

As we know that

Required reserves= deposits × required reserve ratio

= $1000 million × 5%

= $50 million

Now

The total amount of money supply is

New deposits= 1 ÷ required rate of return  x deposits

= 1 ÷ 5% × $1000 million  

= 20 x $1000

= $20,000 million

Now change in supply is

= $20,000 million -$10,000 million

= $10,000 million

How does the Federal Reserve control the financial system of the country?How does the Federal Reserve control the financial system of the country?

Answers

Answer:

The Federal Reserve controls inflation by managing credit, the largest component of the money supply

Explanation:

hope this helps : )

By controlling the rates that banks can give out loans and disruptions of funds

ndicate the proper IFRS presentation: Select one: a. Listing noncurrent assets before current assets, and listing Retained Earnings before Current Liabilities b. Listing noncurrent assets before current assets, and listing Current Liabilities before Retained Earnings c. Listing current assets before noncurrent assets, and listing Retained Earnings before Current Liabilities d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings

Answers

Answer:

The proper IFRS presentation is:

d. Listing current assets before noncurrent assets, and listing Current Liabilities before Retained Earnings

Explanation:

The above listing is in the order of liquidity, especially of current assets and noncurrent assets.  This listing shows all the current assets before the noncurrent assets with Cash, Accounts Receivable, etc following that order for the listing of current assets.  And the more permanent assets are listed last.  Similarly, for the Liabilities and Equity side, the Current Liabilities are listed first before the Noncurrent Liabilities followed by Equity (Share Capital and Retained Earnings) in that order.

The HASF Company has an annual plant capacity of 50,000 units. Predicted data on sales and costs are given below.

Answers

Answer:

Down Below

Explanation:

If the HASF Company has an annual plant capacity of 50,000 units and produces to the capacity of 50,000, then the sales will be at the highest margin.

Panjim began 2015 with salaries payable balance of $75,000. It had 2015 salary expense of $80,000. Its 2015 ending salaries payable balance must be _______.a) $95,000
b) $55,000
c) $155,000

Answers

Answer:

c) $155,000

Explanation:

Beginning Balance of Salaries Payable =  $75,000

Salary Expense during 2015 = $80,000

Ending Salaries Payable Balance = $75,000+$80,000=  $155,000

Here we assume that all the salaries have been added up in the salaries payable account during the year 2015  and not yet paid by the end of the year 2015 thus making a total of ($75,000+$80,000) $155,000.

If only the salaries accrued during the years 2015 of $ 80,000 had been paid the balance of salaries payable would have been the same as the beginning balance of $ 75,000.

ASAP WILL MARK BRAINLIEST When many more people wish to purchase a product, its price will tend to _____. a. stay the same b. decline only to rise again c. increase d. fall

Answers

Answer:

C. Increase

Explanation:

Demand-pull inflation is the most common cause of rising prices. It occurs when consumer demand for goods and services increases so much that it outstrips supply. Producers can't make enough to meet demand

Natural Lite, Inc. reported the following items during fiscal 2010. The firm purchased marketable securities of $87,500, paid down a long-term loan in the amount of $650,000, purchased $4,250,000 of new equipment. The firm also issued $6,250,000 of common stock, paid $350,225 in dividends to its common shareholders, and repurchased $1,250,000 of common stock in the open market. What is the net cash provided by financing activities?

Answers

Answer:

$3,999,775

Explanation:

The first step is to calculate the cash outflows from financing activities

= $1,250,000 + $650,000 + $350,225

= $2,250,225

Since the cash inflow that is gotten from financing activities is $6,250,000 then the net cash provided from financing activities can be calculated as follows

= $6,250,000 - $2,250,225

= $3,999,775

Hence the net cash provided from financing activities is $3,999,775

4 types of customer markets?​

Answers

Answer: the grouchy one, the nice one, the one that gets the whole entire store, and the one who needs 2 bags for one little thing

Explanation:

A Japanese car company produces. It’s cars in the United States

Answers

Answer:

A) Toyota, a Japanese car company, producing cars in the United States

Explanation:

Here is the full question :

Which of the following would be included in GDP for the United States?

A) Toyota, a Japanese car company, producing cars in the United States

B) a U.S. professor taking a year off to teach at the London School of Economics

C) a tire manufacturer making and selling tires to Ford to be used in their new cars

D) Jane's purchase of a used car after her old car is destroyed in an accident

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceed import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1. services not rendered to oneself

2. Activities not reported to the government  

3. illegal activities

4. sale or purchase of used products

5. sale or purchase of intermediate products

The tires sold to Ford are an intermediate good and it would not be included in GDP

The used car bought by Jane would not be included in GDP because it wasn't produced in current year. The car would have been included in the GDP of the year it was produced. So, including it would count as double counting

The car produced in the US would be included in GDP because it was produced in the current year in the US

When two countries trade with one another, it is most likely because A. the wealthy people in each of the two countries are able to benefit, through trade, by taking advantage of other people who are poor. B. some people involved in the trade do not understand that one of the two countries will become worse-off because of the trade. C. the opportunity costs of producing various goods are identical for the two countries. D. the two countries wish to take advantage of the principle of comparative advantage.

Answers

Answer:

D. the two countries wish to take advantage of the principle of comparative advantage.

Explanation:

This is true because, when the comparative advantage that exist between two countries in production process is high, it leads to business trade relation. For example, country A has the comparative advantage of producing milk more than country B while country B has the advantage of producing egg than country A. Because both countries needs what the other produces, it would lead to trade between them.

Suppose we have the following information for a hypothetical economy: Farmer Freddy sells $50 worth of grain to Mindy Miller. Mindy Miller turns the grain into flour, and sells it to Barney Baker for $80. Barney Baker turns the flour into cakes and sells them to customers for $200, who eat them. What is the GDP in this scenario

Answers

Answer: $200

Explanation:

The Gross Domestic Product is the final market value of goods and services produced in a country in a given period ( usually a year) and is a measure of economic performance.

Intermediate goods are not included in the calculation as it will lead to double counting since all the intermediate transactions will be reflected in the final price.

The GDP in this scenario is therefore $200.

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