Answer and Explanation:
The Preparation of analysis showing whether the company should eliminate the gloves and mittens line is shown below:-
Particulars Continue Eliminate Net Income
Increase (Decrease)
Sales $500,000 0 ($500,000)
Variable
expenses $360,000 0 $360,000
Contribution
margin $140,000 0 ($140,000)
Fixed costs $148,000 $36,000 $112,000
Net income ($8,000) ($36,000) ($28,000)
The analysis showing that the Carla Vista Corporation should manufacture gloves and mittens else there loss will be increased by $28,000
Explanation:
a advertising manager is basically a person who advertises different businesses on their companies for money
Answer:
b. All collections for sales are received immediately upon making the sales.
Explanation:
Internal control, regarded as a process used in assuring objective of an organization in operational effectiveness as well as efficiency and reliable financial reporting, it is also used in assuring of compliance with laws as well as regulations and policies. Generally, internal control can be described as everything which is able to controls risks to an organization. It is a way the
resources of an organization are been
measured as well as been directed and monitored.
It should be noted that Internal control procedures for cash receipts require that:.
✓Custody over cash is kept separate from its recordkeeping.
✓Clerks having access to cash in a cash register should not have access to the register tape or file.
✓An employee with no access to cash receipts should compare the total cash recorded by the register with the record of cash receipts reported by the cashier.
✓Cash sales should be recorded on a cash register at the time of each sale
Answer:
The correct answer is A.
Explanation:
Giving the following information:
Mcmurtry Corporation sells a product for $110 per unit. The product's current sales are 12,200 units and its break-even sales are 10,614 units.
<u>The margin of safety is the number of units or amount of dollars that provide genuine profit to the company. It is the "margin" that gives room to try new strategies</u>.
It is calculated using the following formula:
Margin of safety ratio= (current sales level - break-even point)/current sales level
Margin of safety ratio= (12,200 - 10,614) / 12,200
Margin of safety ratio= 0.13=13%
