Answer:
Effect on income= $9,000 increase
Explanation:
Giving the following information:
Fashion:
Contribution margin= 20,000
Fixed expenses= 40,000
Operating income (loss)= (20,000)
$29,000 of fixed costs will be eliminated by discontinuing the Fashion line.
<u>We need to determine the effect on income if the Fashion line is discontinued.</u>
Effect on income= avoidable fixed costs + operating income
Effect on income= 29,000 - 20,000= $9,000 increase
Answer:
passive management-by-exception
Explanation:
Passive management-by-exception is a model of leadership in which the leaders wait for final action by ignoring the silly mistakes or problems occurred by the employees. In that case, the manager has overlooked many errors from his employees. When customers are raising concerns about the matter, the manager immediately takes corrective actions to two of the employees. So, his role is passive management-by-exception leadership.
Answer:
Expected return is 12.6%
Explanation:
Zero beta portfolio has no systematic risk. A zero beta portfolio has same expected rate of return as risk free rate. It does not effects with market change.
Using CAPM formula to calculate the expected return
Expected return = Risk free rate + Beta ( Market rate - risk free rate )
As we know
Expected return on zero beta portfolio = risk free rate
Expected return = 7% + 0.7 ( 15% - 7% )
Expected return = 7% + 0.7 ( 8% )
Expected return = 7% + 5.6%
Expected return = 12.6%
The correct answer is; October 1st and September 30th.
Further Explanation:
There are approximately 3 types of fiscal years. They are;
- Business
- Federal
- Non-profit
The federal fiscal year always starts on October 1st and will end on September 30th the following year. These are divided into four quarters each year. This will cover a 12 month calendar year.
A fiscal year can contain 365 or 366 days depending if there is a leap year. This is used as a starting place to start commencing your record keeping in order and when to conclude for the year.
When keeping financial records numerous things needs to be kept for the following year. Some of the things that needs to be kept are; precise records, receipts, contracts, check stubs, and the budget used.
Learn more about the fiscal year at brainly.com/question/13648773
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Answer:
Overall rate will be 345
Explanation:
We have given that in Architectural Designs Inc there are three partners who earn $80000 each
So total earn of three partners = 3×$80000 = $240000
Amount earn by associates = $58000
So total amount ear by associates = 3×$58000 = $174000
So the total amount earn = $240000+$174000 = $414000
Total bailable hours = 2000×6 = 12000
So overall rate per hour
Number of hours works on project = 10 hour
So the overall rate = 34.5×10 = 345