Answer:
Company should not eliminate the North division.
Explanation:
Division B is individually making loss. Overall the company is making profit of $50,000.
After eliminating the North division the overall profit will be converted into the loss of $140,000, because the common corporate expenses were shared by the both divisions, eliminating one cause the whole expense to be allocated to a single division.
Company should not eliminate the division as it will increase the total loss.
Working for on which decision is based is attached with this answer please find it.
Answer:
$20 loss
Explanation:
Karen Smith bought a coca-cola stock for $475 in March 31, 20X1
She received a non taxable distribution of $155 on November 15, 20X1
The first step is to calculate the adjusted basis
= $475-$155
= $320
Karen sold the stock for $300 on December 22, 20X1
Therefore, her gain or loss on the sale can be calculated as follows
= $300-$320
= $20 loss
Hence Karen has a loss of $20 on the sale
Answer:
Total cash= $193,000
Explanation:
Giving the following information:
Estimated sales ($):
January= $150,000
February= $180,000
March= $220,000
40% in cash from that same month of sales
50% in cash from the previous month's sales
10% in cash from the sales from two months ago
C<u>ash collection March:</u>
From March= 220,000*0.4= 88,000
From February= 180,000*0.5= 90,000
From January= 150,000*0.1= 15,000
Total cash= $193,000
