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NikAS [45]
2 years ago
5

A product whose revenues do not cover the sum of its variable costs, its traceable fixed costs, and its allocated share of gener

al corporate administrative expenses should usually be dropped. Group startsTrue or FalseTrue, unselectedFalse, unselected
Business
1 answer:
zvonat [6]2 years ago
4 0

The statement is false.

What is the cost?

Any expense a company faces when producing its products or performing its services is referred to as a cost.

What do you understand by variable and fixed costs?

  • Any expenses that vary according to how much a business produces and sells are considered variable costs. As a result, variable costs grow with rising production and diminish with falling production.
  • Contrarily, fixed costs are those outlays that don't change regardless of how much a business produces.

What is the Revenue?

The total income derived from the sale of products or services about a business's core operations is referred to as revenue.

Learn more about revenue and cost: brainly.com/question/12387606

#SPJ4

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Karla Salons leased equipment from Smith Co. on July 1, 2021, in a finance lease. The present value of the lease payments discou
Alekssandra [29.7K]

Answer:

$4,455

Explanation:

The computation of total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement is given below:-

Interest expense upto 31 Dec 2021 = (Total present value of lease payment - Lease payment on July 1, 2021) × 6% × 6 ÷ 12

= ($58,500 - $7,500) × 6% × 6 ÷ 12

= $51,000 × 6% × 6 ÷ 12

= $1,530

Depreciation expense upto 31 Dec 2021 = Fair value of equipment ÷ Useful life × 6 ÷ 12

= $58,500 ÷ 10 × 6 ÷ 12

= $5,850 × 6 ÷ 12

= $2,925

So, the total decrease in earnings (pretax) in Morris Dec. 31, 2021, income statement = Interest expense upto 31 Dec 2021 + Depreciation expense upto 31 Dec 2021

= $1,530 + $2,925

= $4,455

7 0
4 years ago
Where is the most common workplace for people in the finance cluster?
Reika [66]
I would assume inside of an office building with cubicles.
8 0
3 years ago
Read 2 more answers
What event had an enormous effect on US workplace safety
koban [17]

Answer:

I believe your answer would be D, a deadly factory fire.

Hope this helped!

4 0
3 years ago
Read 2 more answers
The following three separate situations require adjusting journal entries to prepare financial statements as of April 30. For ea
antiseptic1488 [7]

Answer:

pasensya na di ko alam ang sagot

3 0
3 years ago
Fashion house uses the retail method to estimate ending inventory in his monthly financial statements the following information
IgorC [24]
If we used the retail method to estimate the ending inventory first we get the given of the problem that can be used in solving.
 Given
  Sales - 200,000
  Goods available for sale - 261,000 (cost) & 450,000 (retail) 

First, we need to get the cost of retail ratio. the formula is 
 Cost to Retail ratio= Cost/ Retail
           261,000
CRR= -------------   =   0.58
           450,000

Next is to get the ending inventory by following this steps
                                                              Cost             Retail
Cost of Goods Available for Sale    $261,000        $450,000
- Sales                                                                        $200,000
                                                                                  ------------------
Ending Inventory                                                        $250,000
x Cost to Retail Ratio                                                           .58
                                                                                  ------------------
Ending Inventory                                                       $145,000

So, the estimated ending inventory for the month of July is $145,000. 
4 0
4 years ago
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