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
Sveta_85 [38]
3 years ago
8

The management of Fannin Corporation is considering dropping product H58S. Data from the company's accounting system appear belo

w: In the company's accounting system all fixed expenses of the company are fully allocated to products. Further investigation has revealed that $90,000 of the fixed manufacturing expenses and $42,000 of the fixed selling and administrative expenses are avoidable if product H58S is discontinued. What would be the effect on the company's overall net operating income if product H58S were dropped?
Business
1 answer:
hoa [83]3 years ago
7 0

Answer:

Net operating income would be decreased by $137,000

Explanation:

The computation is shown below:

Sales                                          $490,000

Less: Variable expenses           ($221,000)

Contribution margin                  $269,000

Less

Fixed manufacturing expenses ($90,000)

Fixed selling and administrative expenses ($42,000)

Net income                                                      $137,000

If the product H58S were dropped than the net operating income would be decreased by $137,000

You might be interested in
When the relationship between government and interest groups becomes entangled and tight with some groups having formal governme
Talja [164]

Answer: Neo-Corporatism.

Explanation:

Neo- Corporatism emerged in resent times as a successor to State Corporatism. State Corporatism was a system whereby interest and labor groups were supposed to work together for the good of society. These were most prevalent in authoritarian regimes like Nazi Germany and post communist Lithuania.

Recently though, in some Democratic countries, interest groups have chosen to work with the Government to improve the lives of the people and enable the Government reach out deeper. These Peak Associations as they are often called help the Government compete economically and are very prevalent in countries and regions such as, Germany, Switzerland, Austria and Scandinavia.

6 0
3 years ago
in 2022, denise has two children who are qualifying persons for the child and dependent care credit, ethan and jeffrey. ethan ha
ss7ja [257]

In 2022, Denise has two children who are qualifying persons for the child and dependent care credit, Ethan and Jeffrey. Ethan has $9,000 in dependent care expenses, and Jeffrey has none. assuming all other tests are met, up to $8,000 of expenses is credited based on.

A federal tax break known as the Child and Dependent Care Credit assists families in paying for childcare costs incurred while working or looking for jobs. Families that are required to pay for the care of an adult dependant or a spouse who is disabled may also be eligible for the credit.

The child and dependent care credit aid you in paying for the upkeep of any dependents that qualify (aka "qualifying persons").

Your income and a portion of the costs you expend for the care of a qualifying individual while you work or look for a job are used to determine how much of a credit you are eligible for.

You can deduct costs for babysitters, day camps, and before- and after-school activities in addition to childcare.

The credit became considerably more generous and may be refundable as a result of the American Rescue Plan Act of 2021.

Learn more about care credit here:

brainly.com/question/18801773

#SPJ4

6 0
2 years ago
Julio is devising a marketing plan for introducing his company's products into a new market. julio comes up with customized mark
marissa [1.9K]

Julio is devising a marketing plan for introducing his company's products into a new market. Julio comes up with customized marketing strategies that cater to the unique needs of the new market. all his decisions involve risk and uncertainty as he is unaware of the conditions in the new market. The type of decision being made by Julio in the above situation is called a non-programmed decision. Non-programmed decision deals with risk and uncertainty. It is also complex and unstructured.

<span> </span>

5 0
2 years ago
Which of the followinThe IS-LM can be viewed as a special case of the AS-AD model where:
CaHeK987 [17]

Answer:

Short run aggregate supply curve is flat ( A )

Explanation:

The special case of the AS-AD following the IS-LM is that the short run aggregate supply curve is flat

This is because in an AS-AD model the price level is constant and AD represents an equilibrium point along IS-LM model,  hence the price been constant, shows that in short run aggregate supply curve will be flat.

7 0
2 years ago
When the elasticity of demand for a product is __________ the elasticity of supply, consumers pay __________ of the tax on the p
mezya [45]

When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

The way the tax burden is distributed between purchasers and sellers is known as the tax incidence.

The relative price elasticity of supply and demand determines the tax incidence.

Usually, both the producers and the consumers of the taxed goods bear the incidence, or burden, of the tax.

But all we have to do is look at the elasticity of demand and supply to determine which group will be carrying the bulk of the load.

The majority of the tax burden falls on consumers when supply is more elastic than demand.

The majority of the tax burden falls on the producers when demand is more elastic than supply.

The less elastic the demand and supply are, the higher the tax revenue.

Hence, When the elasticity of demand for a product is smaller than the elasticity of supply, consumers pay majority of the tax on the product.

Learn more about elasticity of demand:

brainly.com/question/24961010

#SPJ1

6 0
1 year ago
Other questions:
  • The major advantage of using bloom's taxonomy in developing objectives is that the taxonomy: helps in the formulation of criteri
    14·1 answer
  • Is when manufacturers direct their promotional efforts toward channel partners to convince them to order and stock products?
    11·1 answer
  • The gap between exports and imports in a nation's economy is called the ___________. trade surplus trade balance trade deficit t
    9·2 answers
  • Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
    15·1 answer
  • An organization's investors and shareholders, employees, customers, and suppliers are considered its ____________, in contrast t
    10·1 answer
  • Beth is a transcriptionist, earning $12.00 an hour and Beth averages 1000 lines of transcription per day. What is the unit cost
    7·1 answer
  • Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on machine-hours. At the be
    7·1 answer
  • ABC purchased equipment for $60,000 on January 1, 2018. The equipment is expected to have a five-year life, with a residual valu
    5·1 answer
  • At the start of the current year, a company paid for the following in cash: Copyrights, $2,000,000 Equipment, $25,000,000 Goodwi
    6·1 answer
  • Ngành quản trị kinh doanh chỉ cần thiết cho lĩnh vực kinh doanh
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!