1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
crimeas [40]
1 year ago
11

If a firm decide to eliminate a product line that produce a yearly net lo of $21000 it yearly net income

Business
1 answer:
mina [271]1 year ago
4 0

Option A is the proper response. It will only increase by $21,000 if it can completely eliminate all of the fixed expenses related to that product line.

Net income, in both business and accounting, is an entity's revenue fewer costs, depreciation and amortization, interest, and taxes for a given accounting period.

All fixed expenses related to a discontinued product line should also be discontinued. then the corporation can add $21,000 to its overall net profits. When a product line is discontinued, variable expenses are automatically eliminated.

The correct response is A. only if it can eliminate all of the fixed costs related to that product line will it increase by $21,000.

To learn more about Net Income, refer to this link:

brainly.com/question/1347024

#SPJ4

<u>COMPLETE QUESTION:</u>

If a firm decides to eliminate a product line that produces a yearly net loss of $21,000, its yearly net income

A. will increase by $21,000 only if it can eliminate all of the fixed costs associated with that product line.

B. will increase by $21,000 only if it can eliminate all of the variable costs associated with that product line.

C. will automatically increase by $21,000.

D. will decrease unless the firm can eliminate all of the fixed costs associated with that product line.

You might be interested in
Ace Bonding Company purchased merchandise inventory on account. The inventory costs $3,700 and is expected to sell for $6,400. H
snow_lady [41]

Answer:

Ace records the purchase:

Inventory 3,700 Accounts payable 3,700

Explanation:

Ace Bonding Company purchased merchandise inventory on account. The inventory costs $3,700.

Following the Accrual accounting - an accounting method that revenue or expenses are recorded when a transaction occurs rather than when payment is received or made. At that time of purchasing, the company has not sold the merchandise yet. The entry records the purchase:

Debit Inventory $3,700

Credit Accounts payable $3,700

7 0
3 years ago
Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving fo
antiseptic1488 [7]

Answer:

Administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project, are often involved in closing.

Explanation:

A project is any exercise by an individual or group that has been carefully designed to achieve a certain future goal. A project needs to take into a account various strategies for it to actually achieve what was originally set out in the goals. A project that achieves its goals can be described as a successful project. Most undertakers of a project always wish for their project to be successful, since a project always involves investment in terms of finance, human resources and time. The amount of investment in a project depends on the scope and level of complexity of the project. Vast complex projects usually require for them to be broken down into different phases to make them simple in understanding and execution.

For projects to be successful, one needs to find a way in which the resources going into the project are dealt with in such a way that the direction of the project is in line with the project goals. This is what is defined as project management and it has different phases. The phases of project management are;

1. Initiating: this deals with the planning phases of the project where the goals are set and the project needs are determined. This phase deals with determining the procedure for project execution.

2. Executing; once all the project needs have been determined and purchased, they are put to work.

3. Monitoring and controlling: in this stage, the workings of the project are checked if they have attained the standards stated.

4. Closing: in this stage, administrative activities, such as archiving project files, closing out contracts, documenting lessons learned, and receiving formal acceptance of the delivered work as part of the phase or project is done.

4 0
3 years ago
W.W. Grainger, Inc. is one of the world's largest largest business-to-business distributors of equipment, component parts, and s
cestrela7 [59]

Answer:

Merchant wholesaler

Explanation:

A merchant wholesaler is a business owner that specializes in purchasing goods in large quantities and then sell to other retailers and wholesalers.

Since they purchase their products in large quantities, they have different warehouses in their acquisition. These warehouses are used to store the products.

Merchant wholesalers are very vital in the chain of distribution as they facilitate the smooth movement of goods which takes places between the producers and the retailers.

In the scenario described above, W.W. Grainger is an example of a merchant wholesaler.

6 0
3 years ago
The concept of creating safer and more efficient equipment is called __________.
kvasek [131]

Answer:

The correct answer is Ergonomics.

Explanation:

When a company talks about providing efficient and safe equipment for its employees, they refer to the discipline of ergonomics.

Ergonomics is the one in charge of investigating and collecting data and with the knowledge of different related subjects such as psychology or physiology to find the right designs for people so that they are safe and comfortable, which allows them a better development in the Work and allow them to be efficient.

It is necessary to take into account the differences found in the population from age to cognitive ability to successfully apply ergonomics.

<em>I hope this information can help you.</em>

7 0
3 years ago
Read 2 more answers
The managed care plan that is allowed to contract directly with employers to provide health care services is the?
andreev551 [17]

The managed care plan that is allowed to contract directly with employers to provide health care services is the health insurance.

<h3>What is managed care plan?</h3>
  • Health insurance comes in the form of managed care programs. They have agreements with hospitals and medical centers to provide members with care at lower costs.
  • These suppliers make up the network of the plan. The policies of the network will determine how much of your care the plan will cover.
  • Among the several categories of managed health care programs are: maintenance of health organization (HMO) preferred supplier company (PPO) Service location (POS)
  • The availability of numerous in-network providers, low costs, the provision of credentialed treatment, lower prescription costs, and low cost are some of the most frequently cited advantages of managed care systems.

Learn more about managed care plan here:

brainly.com/question/12446980

#SPJ4

8 0
1 year ago
Other questions:
  • Regan grows flowers and makes ceramic vases. Jayson also grows flowers and makes ceramic vases. Regan can produce 3 times as man
    5·2 answers
  • When a firm sets its pricing strategy based on how it can add value to its products or services it has embraced a(n) ________ or
    6·1 answer
  • During the course of your examination of the financial statements of the Hales Corporation for the year ended December 31, 2021,
    9·1 answer
  • The Bigdrill company drills for​ oil, which it sells for​ $200 million to the Bigoil company to be made into gas. The Bigoil
    7·1 answer
  • Windsor Windows manufactures and sells custom storm windows for enclosed porches. Windsor also provides installation service for
    11·1 answer
  • One reason that some central banks try to control exchange rates is that doing so helps control inflation.A. TrueB. False
    15·1 answer
  • After researching the different forms of business organization, Natalie Koebel decides to operate "Cookie Creations" as a corpor
    15·2 answers
  • The largest component of GDP by far is A. net exports. B. personal consumption expenditures. C. government purchases of goods an
    7·1 answer
  • Give your analysis about investment based on:
    8·1 answer
  • Classify each job as working more with data, people, or things.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!