Carns Company is considering eliminating its Small Tools Division, which reported a loss for the prior year of $215,000 as shown below $30,000 decrease.
Contribution margin or dollar contribution per unit is the selling price per unit minus the variable cost per unit. "Contribution" represents the portion of sales that is not consumed by variable costs and contributes to covering fixed costs.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
This is an accounting term that helps business owners and managers track the profitability of their products. Understanding contribution margin is important. Because the contribution margin shows how much of the product's sales cover the fixed costs and contribute to the company's profit.
Learn more about profitability brainly.com/question/14598634
#SPJ4
John Little is known for his queueing theory which is basically a theory on the probability of a customer waiting in the same line. This is applicable in every establishment that does first come, first serve basis. The probability of a person staying in line, and not changing to other lines, is expressed by the so-called Little law. It states that the average number of customers in the waiting line is equal to the average effective arrival ate multiplied with the average time that the customer spends in the waiting line. This law is very useful and valid because it does not count into factors the miscellaneous things like process distribution, service distribution, service order, etc.
Answer:
The total amount of cash to report in the balance sheet is $14,325
Explanation:
The amount of cash to report in the balance sheet is computed below
Items Amount
Currency located at the company $675
Short-term investments that $1,575
mature within three months
Balance in savings account $7,000
Checks received from customers $275
but not yet deposited
Coins located at the company $100
Balance in checking account <u>$4,700</u>
Total Cash <u>$14,325</u>
We’re passionate about the work of boards. Stewarding organizational resources, strengthening comparative advantage, and spotting emerging trends to best steer your organizations in service to the greater good. We stand by you.
What goes into the BoardEffect board of directors software solution? Smart thinking grounded in scholarship, real-world experience and a visionary approach to engaging boards of directors – enabling you to make a profound impact in every aspect of your organization. The BoardEffect solution includes:
<span><span>Intuitive workflow that helps you advance your organization’s mission, effortlessly – every day.</span><span>Collaborative features that propel successful management and measurement of strategic priorities.</span><span>A solution that aligns with best practices in governance to increase generative thinking around mission fulfillment.</span></span>
