Answer:
The Blowing's sand net income will increase by $45,000 by saving of direct fixed costs.
Explanation:
Fixed costs are costs which remains unchanged irrespective of the level of activity produced by Blowing Sand's, means the Blowing Sand's will have to bear that cost whether it eliminate the Drafty product line or not. example factory rent, building depreciation etc.
Direct Fixed costs are those which only incurred when the units are produced so that will only incur costs when production is made.
So the elimination of Drafty product line will save $45,000 of direct fixed costs and the remaining $78,000 will be redistributed to other remaining product lines which will not impact the net income.
Answer:
D. Administrative Manager
Explanation:
The administrative manager is the one responsible for the daily administrative operations in an organization. He's involved in the planning, directing, controlling of administrative activities in the organization which involves coordinating the activities of managers who oversees the department managers. He takes on the role of supervision as he is responsible for the actions of managers under him.
Answer:
a. $8,200
Explanation:
The same accounting principles would be applied to non-profit entities while recording their assets as applied to other entities.
Non-profit entity would record its assets at fair value same as assets are recorded by other entities.
Answer:
Firstly by sending him a check for $100, Hazel informs him that she adopting the idea and because it his idea he can use the loopholes of the competitor's advantage.
Hazel might be sued for using the idea for her business as the idea is now an idea of a competitor.
Explanation:
Answer:
17.19 years
Explanation:
The triple value of the earnings per share=$3.50*3=$10.50
The growth rate is 6.6%
Using the nper formula in excel, we can determine the number of years earnings per share would triple
=nper(rate,pmt,-pv,fv)
rate is 6.6%
pmt is not applicable to the scenario ,hence it is zero
pv is the current earnings per share
fv is the future earnings per share
=nper(6.6%,0,-3.5,10.5)= 17.19
