Answer:
Decrease by $250,000
Explanation:
Calculation for what would be the effect on net income.
We would be using Differential Analysis method to find the effect on the net income
Differential Analysis
Continue with Luggage Department; Eliminate Luggage Department; Effect on Income
Sales
1,000,000 0 -1,000,000
Variable cost
-250,000 0 250,000
Direct fixed costs
-500,000 0 500,000
Indirect fixed costs
-300,000 -300,000 0
Net Income
-$50,000 -$300,000 -$250,000
Therefore in a situation where the luggage department is eliminated, the income would decrease by $250,000
Answer:
Amount paid to record is $58,900
Explanation:
In this question, we are asked to state the Journal entry as of March 1.
Please check attachment for tabular explanation
Kindly note that 360 is used as the number of days in a year
Answer:
the variable cost is $4,025,000
Explanation:
The computation of the variable cost is as follows:
Given that
Sales units = 350,000 units.
Sale Price = $19.50.
Fixed cost = $1,225,000.
Pre tax income = $1,575,000
Based on the above information
Sale Value is
= 350,000 units × $19.50
= $6,825,000.00
Now
Contribution Margin is
= Sales - Fixed cost
= $6,825,000 - $1,225,000
= $5,600,000
And,
Variable Cost is
= Contribution margin - Pretax income
= $5,600,000 - 1,575,000
= $4,025,000
hence, the variable cost is $4,025,000
Answer:
The correct answer is the option A: a principal.
Explanation:
To begin with, the term of <em>''principal''</em> in the field of business refers to the individual who may have many roles inside an organization but he is basically one of the most importants person in the company. Moreover, the figure of the principal is sometimes related to the owner of the business or to the chief executive officer as well. Therefore that Omar is most likely a principal in Precise Service Company.
Answer:
<u>True</u>
Explanation:
The above statement that, as the difference among computer manufactures in the areas of price and performance narrows , support for green computing is emerging as a new business strategy for these companies to distinguish themselves form the competition is true.
<em> Green computing is that in which we there is Eco - friendly use of computer.</em>
Green computing helps in reducing the waste and uses less energy and it also helps in promoting the recyclability.
We can also help in green computing by switch off the power when not in use , do recycle , buy such features which helps in saving energy and also can go digital . Green computing is very good for the environment as we can save our environment with the help of green computing . But the drawback of green computing is that it is<em> quit expensive</em>.
