1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Lerok [7]
3 years ago
15

On August 1, 2016, Rocket Retailers adopted a plan to discontinue its catalog sales division, which qualifies as a separate comp

onent of the business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by June 30, 2017. On January 31, 2017, Rocket's fiscal year-end, the following information relative to the discontinued division was accumulated: Operating loss Feb. 1, 2016–Jan. 31, 2017 $115,000 Estimated operating losses, Feb. 1–June 30, 2017 80,000 Impairment of division assets at Jan. 31, 2017 10,000 In its income statement for the year ended January 31, 2017, Rocket would report a before-tax loss on discontinued operations of:
A. $125,000.
B. $65,000.
C. $115,000.
D. $195,000.
Business
1 answer:
Basile [38]3 years ago
4 0

Answer:

A. $125,000

Explanation:

before tax loss on discontinued operations

= Operating loss Feb. 1, 2016 – Jan. 31, 2017 + Operating loss Feb. 1, 2016 – Jan. 31, 2017

= $115,000 + $10,000

= $125,000

Therefore, Rocket would report a before-tax loss on discontinued operations of $125,000.

You might be interested in
On the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This​
Darina [25.2K]

Answer: The correct answer is "b.relieves Nero of liability on the check.".

Explanation: If on the back of a check payable to Nero, Nero writes "Pay to Odell, without recourse" and signs it. This​ relieves Nero of liability on the check.

Nero writing "pay Odell, without recourse" on the back of the check, transmits the rights of the title, but adding the clause "without recourse" that frees Nero from the responsibility for the payment of the check, that is, in In case of non-payment, Odell can not take action against Nero, but against the drawer of the check or other obligors that respond jointly and severally.

6 0
4 years ago
nkedIn targets a specific demographic: working professionals. They tend to be older and better educated. Why might advertisers b
eimsori [14]

Answer: Recognition from the class of persons that patronize their product

Explanation:

Linkedln is a site that attracts professionals from different field of study who network amongst themselves, educate each other, share information and jobs for the benefit of others in the same field.

Advertisers might be interested in this group because their target audience are mostly found there. A large mass of individuals use social media now and when many of these professionals want information or persons who can take up roles in openings in their firms they come to linkedln

4 0
3 years ago
What is a living will
Mama L [17]

Answer:

A living will is a legal document that tells others what your personal choices are about end-of-life medical treatment.

3 0
3 years ago
The condition "seattle" for the field city in a student database is an example of what type of value?
alina1380 [7]

Answer:

It's a text value

Explanation:

The condition "Seattle" is a text string, a text value, for a database (and most programming languages too).

A text value can contain about any information, it's not restricted and everything you can put in a text format is a valid field value.

It's not a integer value (1,2,3,4) nor a float/decimal value (1.2, 3.4, 3.21345), which are also two other common conditions or types of values stored in a database.  Those conditions are more restrictive as to what you can put in those fields.  You can put "123" in a text type of value, but you cannot put "and" in a numeric field.

5 0
3 years ago
Why are small businesses an important part of the American economy
sineoko [7]
Because small business actually do more and got more stuff going on
5 0
3 years ago
Other questions:
  • Traditionally, if sam, who is 17 years old, purchases a television from a store, signs a 11-month contract, and then drops it on
    9·1 answer
  • As the dollar depreciates relative to foreign currencies, foreign-produced goods will become expensive for Americans, while good
    14·1 answer
  • What is the result of selling prices and revenues increasing faster than costs?
    12·1 answer
  • After work on fridays, the male middle managers at health equipment, inc. go to the golf course to play a quick nine holes and t
    15·1 answer
  • A marketing manager who orders that a manufacturing plant be refitted to make it safer for workers, no matter what the cost, may
    9·1 answer
  • On average, the manufacturing (processing) time spent per order is approximately 4 days. In addition, a typical order spends 4 d
    7·1 answer
  • Franklin Glass Works uses a standard cost system in which manufacturing overhead is applied on the basis of standard direct labo
    8·1 answer
  • What is the benefit of 2020 Rogue Sport’s Xtronic CVT over conventional automatic transmissions?
    10·1 answer
  • Delux Technologies makes and sells only one product, a high-quality processor for mainframe computers. Delux was recently approa
    13·2 answers
  • Alex invests $300 in a company. He will receive 6% simple interest annually for the next 5 years.
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!