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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.

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A(n) (transection)  model is an outsourcing fee model that charges a variable fee based on the volume of transactions or operations performed by the application.(transection
7 0
3 years ago
How does the chain of command facilitate the operations of a large structured organization?
tia_tia [17]

Answer:

The use if the direct chain of command affords delegation of authority in an easily understandable way, such that needed decisions on actions are more quickly taken to save costs due to delay and lack of cohesion.

Direct chain of command affords employees to work in areas they are proficient with which builds improved competence and skill within the workforce

The chain of command organizational structure is a logical delegation of authority which facilitates collaborative efforts with internal and external bodies

Explanation:

7 0
3 years ago
July 1 Purchased merchandise from Boden Company for $6,200 under credit terms of 2/15, n/30, FOB shipping point, invoice dated J
Elan Coil [88]

Answer:

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable$2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

Dr Sales Discounts-$18

Cr Accounts Receivable $900

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

Cr Cash $6,076

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

Cr Merchandise Inventory $40

Cr Cash -$1,960

July 30

Dr Cash $1,470

Cr Sales discounts $30

Cr Accounts receivable $1,500

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

Explanation:

Preparation of journal entries to record merchandising transactions of Blink Company

July 1

Dr Merchandise Inventory$6,200

Cr Accounts Payable $6,200

July 2

Dr Accounts Receivable $900

Cr Sales $900

Dr Costs of Goods Sold $517

Cr Merchandise Inventory $517

July 3

Dr Merchandise Inventory $105

Cr Cash $105

July 8

Dr Cash $1,900

Cr Sales $1,900

Dr Cost of Goods Sold $1,500

Cr Merchandise Inventory $1,500

July 9

Dr Merchandise Inventory $2,800

Cr Accounts Payable $2,800

July 11

Dr Accounts Payable $800

Cr Merchandise Inventory $800

July 12

Dr Cash $882

($900-$18)

Dr Sales Discounts-$18

(900x.02=$18 sales disc.)

Cr Accounts Receivable $900

(882+18)

July 16

Dr Accounts Payable $6,200

Dr Merchandise Inventory $124

(6,200x.02)

Cr Cash $6,076

($6,200-$124)

July 19

Dr Accounts Receivable $1,800

Cr Sales $1,800

Dr Cost of Goods Sold $1,200

Cr Merchandise Inventory $1,200

July 21

Dr Sales Returns and allowances $300

Cr Accounts Receivable $300

July 24

Dr Accounts Payable $2,000

($2,800-$800)

Cr Merchandise Inventory $40

($2,000*2%)

Cr Cash -$1,960

($2,000-$40)

July 30

Dr Cash $1,470

($1,500-$30)

Sales discounts $30

($1,500x.02)

Cr Accounts receivable $1,500

($1,800-$300)

July 31

Dr Accounts receivable $7,100

Cr Sales $7,100

Dr Cost of Goods Sold $5,000

Cr Merchandise Inventory $5,000

8 0
3 years ago
In 1893, a one-million acre area of the grand canyon national forest reserve was home to an estimated 3,000 rocky mountain mule
Sladkaya [172]

Answer:

0.1 / acre or 1 / 10 acres

Explanation:

The density of an animal in a given area is given by the number of animals per unit of area.

In this case, we want to know the density of the mule deer in 1923 (100,000) divided by the total area of the Grand Canyon National forest Reserve (1,000,000 acres).

So, we'll simply divide 100,000 by 1,000,000 to get:

D = 100,000 / 1,000,000 = 0.1

The density of the mule deer within the Grand Canyon National forest Reserve  is of 0.1 / acre or 1 / 10 acres

3 0
3 years ago
The charitable organization Heifer International uses donations to provide people in developing nations with farm animals to hel
jonny [76]

Answer:

Subsistence farming

Explanation:

With the provision of such donations, Heifer international is contributing to subsistence farming.

Subsistence farming is a kind of farming where proceeds from the farm are for immediate consumption. Peop who engage in such farming do it to meet the immediate needs of themselves and their families. Heifers donation is targeted towards breeding of farm animals for the people to feed, which is basically for their survival. This is what makes it a contribution to subsistence farming.

6 0
3 years ago
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