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dangina [55]
3 years ago
6

On May 1, Foxtrot Co. agreed to sell the assets of its Footwear Division to Albanese Inc. for $80 million. The sale was complete

d on December 31, 2016. The following additional facts pertain to the transaction: • The Footwear Division qualifies as a component of the entity according to GAAP regarding discontinued operations. • The book value of Footwear's assets totaled $48 million on the date of the sale. • Footwear's operating income was a pre-tax loss of $10 million in 2016. • Foxtrot's income tax rate is 40%. In the 2016 income statement for Foxtrot Co., it would report income from discontinued operations of:
Business
1 answer:
Aleks [24]3 years ago
4 0

Answer:

$13.2 million

Explanation:

Gain from sale of assets:

= sales value of assets - Book value of assets

= $80 - $48 million

= $32 million

Net gain of footwear's division at December 31:

= Gain from sale of assets - Operating losses

= $32 million - $10 million

= $22 million

Income from discontinued operations:

= Net gain at December 31 - Tax @40%

= $22 million - (40% × $22 million)

= $22 million - $8.8 million

= $13.2 million

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A product whose EOQ is 40 units experiences a decrease in ordering cost from $90 per order to $10 per order. The revised EOQ is:
ruslelena [56]

Answer: three times as large

Explanation:

Economic order quantity will be calculated as follows:

EOQ = ✓(2DS/H)

D = Demand in units

Here S = Ordering cost = $10

H = Holding cost

Since S = $10

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 10 × D/ H)

= ✓(20D/H)

Since we're to increase the order cost from $10 per order to $90 per order, then EOQ will be:

Since S = $90

Therefore, EOQ will be:

= ✓(2DS/H)

= ✓(2 × 90 × D/ H)

= ✓(180D/H)

3✓20DH

The revised EOQ will then be 3 times as large.

4 0
3 years ago
The following information is available for Baker Industries: Cost of goods manufactured $ 320,000 Beginning finished goods inven
schepotkina [342]

Answer:

Baker Industries

The Cost of goods sold for the period is:

= $330,000

Explanation:

a) Data and Calculations:

Cost of goods manufactured       $ 320,000

Beginning finished goods inventory 45,000

Ending finished goods inventory      35,000

Cost of goods sold:

Beginning finished goods inventory $45,000

Cost of goods manufactured            320,000

Ending finished goods inventory       (35,000)

Cost of goods sold =                       $330,000

4 0
3 years ago
What traditional savings account allows you add to the balance regularly
artcher [175]

Either a traditional savings account or money market accounts allow people to contribute regularly.

6 0
4 years ago
Which scenario best reflects the relationship between production and demand in a recession?
Maurinko [17]

Answer:

you know the more you delete my aswers the more mad i get so your punishment is getting spammed have fun!!!

Explanation:

The post has just arrived and in it a very nice surprise, the discovery that Jacques Seguela, one-time adviser to President Mitterrand, now close confidant of President and Madame Sarkozy (indeed he intoduced them), and something of a legend in French political communications, has dedicated his latest book to little old moi.

With apologies for the missing accents here and in the French bits of the long posting which follows – the dedication to ‘Le Pouvoir dans la Peau‘ (Power in the skin) reads ‘A Alastair Campbell, mon spin doctor prefere’ (three missing accents in one word – mes excuses sinceres).

So what did I do for this honour, you are asking? Well, perhaps the fact that he asked me to read his book, and write a ‘postface’ assessment both of his writing and of the issues he covers, and the fact that I said yes, has something to do with it. He says some blushmakingly kind things in his ‘preface to the postface’, which I will have to leave to French readers of the whole thing (published by Plon). But for the largely Anglophone visitors of this blog, I thought some of you might like to read the said ‘postface’ in English (apart from the bits where I quote direct from his book). I hope all those students who write asking for help with dissertations will find something quotable in it.

Meanwhile I am off to Norway for a conference and a meeting with the Norwegian Labour Party. I’m looking forward to being in the country with the highest ‘human development index’ in the world, and which showed such a mature response to the recent massacre of Oslo and Utoya.

Here is the postface to Le Pouvoir dans la Peau

Jacques Seguela writes about political campaigns and communications not merely as an expert analyst, but as an experienced practitioner. Hence his latest book contains both insights worth heeding, but also enlivening tales of his own experience. He is observer and participant; outsider looking in, and insider looking out.  There is much to look at, not least in France with a Presidential election looming, and the outcome far from easy to predict.

so lol

\

3 0
3 years ago
Seymour Clothing Co. manufactures a variety of clothing types for distribution to several major retail chains. The following cos
tia_tia [17]

Answer:

a. Variable cost

b. Fixed cost

c. Fixed cost

d. Mixed cost

e. Variable cost

f. Variable cost

g. Variable cost

h. Fixed cost

i. Variable cost

j. Mixed cost

k. Mixed cost

l. Mixed cost

m. Variable cost

n. Variable

o. Fixed cost

p. Fixed cost

q. Fixed cost

r. Variable cost

s. Variable cost

t. Fixed cost

Explanation:

Note the following categories of costs:

Variable cost: This are cost that are subject to change such cost includes purchase cost of supplies, bills based on usage, hourly wages expenses.

Fixed cost: are generally recognisable cost that are stable over time, such as rent, salary, specific expense that have a fixed price etc.

From the overall analysis of the cost of Seymour Clothing Co. it is noticed that most of their expenses are variable in nature with less of mixed and fixed expenses (cost).

3 0
4 years ago
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