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4 years ago

Exercise 4-8 Discontinued operations; disposal in subsequent year [LO4-4]

Business

1 answer:

mezya [45]4 years ago

8 0

Answer:

The net income for 2018 is $292,800.

Explanation:

The question is to calculate the partial Income Statement for 2018

Kandon Enterprise Inc.

Partial Income Statement for the Year Ended 31st December, 2018

Particulars/ Description Amount

Continuing Operations Income $420,000

Discontinued Operations gain (loss)

Loss from Operations of the Component Disc. ($212,000)

Income tax benefit (40% of 212,000) $84,800

Loss on the discontinued Operations ($127, 200)

Net income for the year $292,800

N.B Calculation of the Loss on discontinued Operations

Loss from operations 160,000

Impairment loss ($272,000-$220,00) 52,000

Net before tax loss $212,000

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ELEN [110]

Answer:

1. Apart from helping to know the average cost of a product, analyzing fixed and variable cost will help to derive the break even point.

2. Profit will go down

Explanation:

1. The size of the selling price and the variable cost determine contribution per unit of a product. Contribution per unit is Price minus variable cost. This shows the contribution of sales revenue towards covering the fixed cost of a product.

2. Relevant range is the estimated or budgeted activity level which defines a business volume of production or operation, it is both maximum and minimum threshold within which the entity must operate to expect certain level of cost and revenue.

Sometimes fixed costs are fixed within a relevant range of activities and outside such range, fixed cost may become variable, which will all things being equal impact negatively on the price.

Also, within relevant range volume discount may be achieved and outside such range, this may be forfeited which, will also reduce profit all things being equal.

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3 years ago

The forecast for your company’s headquarters predicts the area hit head on by a hurricane,. The company sends you to their cold

zubka84 [21]

Answer:

The correct answer is The site will have all of the company’s applications.

Explanation:

It is the only way to ensure a minimum or zero level of inactivity, because otherwise people will not have the necessary tools to execute their work.

It is hardly obvious that due to the nature of the tasks it is impossible to try to adapt a space that is not adequate to execute them, since the conditions must be the necessary ones to guarantee it.

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3 years ago

Click this link to view O*NET's Education section for Construction Managers. According to O*NET, what is the most

MrMuchimi

Answer:

bachelors degree

Explanation:

just answered this on my test and got correct.

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2 years ago

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In Walt Disney's Magic Kingdom, customers can visit a fairy kingdom, a pirate ship, or even a haunted house. Disney is marketing

Anni [7]

Answer:

Experience.

Explanation:

Marketing mix can be defined as the choices about product attributes, pricing, distribution, and communication strategy that a company blends and offer its targeted markets so as to produce a desired response.

Generally, a marketing mix is made up of the four (4) Ps;

1. Products: this is typically the goods and services that gives satisfaction to the customer's needs and wants. They are either tangible or intangible items.

2. Price: this represents the amount of money a customer buying goods and services are willing to pay for it.

3. Place: this represents the areas of distribution of these goods and services for easier access by the potential customers.

4. Promotions: for a good sales record or in order to increase the number of people buying a product and taking services, it is very important to have a good marketing communication such as advertising, sales promotion, direct marketing etc.

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3 years ago

An unstable government is one that __________.

taurus [48]

Answer:

Explanation:

An unstable government is one that changes hand frequently.

When something is said to be unstable, it means that thing keeps fluctuating from one situation, value, or condition to another.

An unstable government is one in which those at the elms of affairs keep changing at frequent intervals. With each new administrator comes new policies. Hence, there are inconsistencies in policy formulation.

Correct option: C

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3 years ago

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