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djverab [1.8K]
4 years ago
6

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $42,

800. The division sales for the year were $975,200 and the variable costs were $483,000. The fixed costs of the division were $535,000. If the backpack division is dropped, 40% of the fixed costs allocated to that division could be eliminated. The impact on Granfield's operating income for eliminating this business segment would be: Multiple Choice $492,200 decrease $278,200 decrease $278,200 increase $492,200 increase $214,000 increase

Business
1 answer:
maxonik [38]4 years ago
8 0

Find the given attachment

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Answer: The answer is <u>D. A companys Stock</u>

Explanation: Just got it correct on Edg

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4 years ago
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Longhorn Corporation provides low-cost food delivery services to senior citizens. At the end of the year, the company reports th
RUDIKE [14]

Answer:

The income statement, statement of stockholders' equity, and balance sheet for Longhorn Corporation is given below.

<u><em>The income statement</em></u>

Sales Revenue                   $ 67,700

COGS                                 ($ 53,400)

Delivery expenses              ($ 2,600)

Salary expenses                 ($ 5,500)

Net profit                             $ 6,200

<u><em></em></u>

<u><em>Balance Sheet</em></u>

Asset

Cash                                  $ 1,200

Equipment                        $ 29,000

Building                             $ 40,000

Supplies                             $ 3,400

Total Assets                      $ 73,600

Equity

Common Stock                $ 44,000

Retain earning                  $ 24,400

(18,200 + 6,200)

Liability

Account Payable              $ 4,400

Salaries payable                $ 8,00

Total Liabilities                 $ 73,600

<u><em>Statement of Stockholders</em></u>

Opening common Stock           $ 40,000

Addition                                       $  4,000

Closing common Stock              $  44,000

Retain earning Opening            $ 18,200

Net profit                                     $ 6,200

Retain profit Closing                   $ 24,400

Total Equity                                 $ 68,400

4 0
4 years ago
Barn Wood Interiors announced today that it is going out of business. As of today, no more regular dividends will be paid. The f
Sonja [21]

Answer:

The stock price today is $38.76 as shown below

Explanation:

The value of the stock today is the present value of all future dividend payments from the stock.

Present value of first dividend=$14/(1+18.7%)^1

                                                  =$11.79443976

Present of second dividend=$38/(1+18.7%)^2

                                              =$26.97007528

The stock price today is the sum of the present values=11.79443976 +26.97007528 =$38.76

Ordinarily, the valuation would have included the price at which the stock could be sold but since the company is wounding up and the only cash flow is payment of liquidating dividends, the price at which stock can be sold is not applicable.

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4 years ago
A negative externality or spillover cost occurs when Multiple Choice the price of a good exceeds the marginal cost of producing
Mekhanik [1.2K]

A negative externality or spillover cost occurs when  the total cost of producing a good exceeds the costs borne by the producer.

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Thus this is the answer.

To learn more about spillover cost, refer: brainly.com/question/2966591

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2 years ago
By separating the value of the actual flight from the services associated with flying, airlines have greatly expanded the profit
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Answer:

True

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