Answer:
The impact of eliminating the backpack division
Particulars Amount
Decrease in contribution margin $480,500 ($950500-$470,000)
<u>Decrease in Expenses:</u>
Fixed expenses <u>$208,800 </u> ($70522,000*40%)
Decrease in Net operating income <u>$271,700</u> (Financial disadvantage)
Answer:
d.provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.
Explanation:
The purpose of internal controls is to provide reasonable assurance that assets are safeguarded and used for business purposes, financial reports are accurate, and laws and regulations are complied with.
By definition: An internal control is a procedure or policy put in place by management <u>to safeguard assets, promote accountability, increase efficiency, and stop fraudulent behavior.</u>
Summarily, internal controls are put in place as a process to prevent employees from stealing assets or committing fraud.
which of the following stream characteristics most directly affects stream depositions?
Answer:
<em>Gradient </em>
Answer:
Option (C) is correct.
Explanation:
Selling price of a basketball = $170
A potential buyer contacts you and offers to pay you$170 Canadian dollars.
Exchange rate between the U.S and Canada is as follows:
$1 U.S = $1.25 Canadian
So,
Worth of $170 U.S in terms of Canadian dollar is as follows:
= $1.25 × $170
= $212.5 Canadian dollars
If you take this deal, you will have returned Steve to his homeland and Earned less than if you accept $170 U.S.
Because, the worth of $170 U.S dollars is $212.5 Canadian dollars. Hence, there is a loss of $42.5 Canadian dollars if he will accept the deal.
So, it is better for him to accept $170 U.S dollars.
To improve a company's value chain, its value chain management team identifies each part of its production process and where improvements can be made. These improvements can either reduce costs or improve production capacity.
