Answer:
Explanation:
1) Revenue $540,000
less: Salaries for drivers (390,000)
Fuel expense (54,000)
insurance (74,000)
Division line (44,000)
Net loss (22,000)
If division is eliminated the income would increase by $22,000
So it should be eliminated.
2) Decrease in income = $600,000 - ($540,000+$22,000)
= $38,000
3) What is the minimum amount of revenue required = 600,000 - 38,000 = $562,000
Answer:
The correct answer is (a)- asset.
Explanation:
An asset is a resource with value that someone owns with the intention of generating a future benefit (whether economic or not). In accounting, it represents all the assets and rights of a company, acquired in the past and with which they hope to obtain future benefits.
They have in common that they are the result of past events and are capable of generating economic returns in the future. All assets have the potential to bring money to the business, whether through use, sale, or exchange. Examples of assets are a premises, a van, a patent, a computer, raw materials, financial investments or collection rights.
OPTIONS:
A. Resources B. reserves. C. overheads. D. variable costs.
Answer:
A. Resources
Explanation:
Resources are factors that aid the production process of any business, which includes land, labor, capital, and management. All are combined together to make production successful. The organization’s processes, the employees and its equipment can be regarded as the company’s resources which are put together in the production of greeting cards for customers use.
Answer:
- Cheaper labor.
- Cheaper auto parts.
Explanation:
China has cheaper labor rates than the United States in comparative industries including in the motor vehicle producing industry. Ford may want to take advantage of this to make cars at a smaller cost in China and therefore make more profit in sales.
Car parts are also easier and cheaper to acquire in China. Steel for instance, is a very valuable commodity in motor vehicle manufacturing and China happens to be the largest producer in the world. Having access to cheaper materials would increase Ford's profitability as well.
Answer:
A new president was hired and he found Chesterly out while reviewing the accounting records.
