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Scrat [10]
3 years ago
8

The management of Bonga Corporation is considering dropping product D74F. Data from the company's accounting system for this pro

duct for last year appear below:
Sales $ 920,000
Variable expenses $ 404,000
Fixed manufacturing expenses $ 334,000
Fixed selling and administrative expenses $ 241,000
All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $206,000 of the fixed manufacturing expenses and $117,000 of the fixed selling and administrative expenses are avoidable if product D74F is discontinued.
What would be the financial advantage (disadvantage) from dropping product D74F?
a. $193,000
b. $59,000
c. ($59,000)
d. ($193,000)
Business
1 answer:
Mrac [35]3 years ago
4 0

Answer:

mhm yeah

Explanation:

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Answer:

<u>December 31, 2018</u>

Debit : Dividend $40,000

Credit : Shareholders for dividends $40,000

Explanation:

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Calculation of this dividend is made on the stockholders in existence at the on a stated date (January 15 in this case) and at par value ($2) as follows :

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3 years ago
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Answer:

Inventory balance will be of 73,318

Explanation:

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     Account payable                75,400

to record goods received

Account payable           1,300

           Inventory                          1,300

to record return of goods

Inventory                          700

            Cash                                  700

to record payment of freight

Account Payable        74,100

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to record payment of invoice within discount period

75,400 - 1,300 = 74,100

74,100 x 2% = 1,482

Inventory balance:

<em>   DEBIT         CREDIT</em>

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<u><em>balance: </em></u>

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3 years ago
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