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JulsSmile [24]
3 years ago
15

Toxemia Salsa Corporation manufactures five flavors of salsa. Last year, Toxemia generated net operating income of $40,000. The

following information was taken from last year's income statement segmented by flavor (brackets indicate a negative amount): Wimpy Mild Medium Hot Atomic Contribution margin $ (2,000 ) $ 45,000 $ 35,000 $ 50,000 $ 162,000 Segment margin $ (16,000 ) $ (5,000 ) $ 7,000 $ 10,000 $ 94,000 Allocated common fixed expenses $ 10,000 $ 10,000 $ 10,000 $ 10,000 $ 10,000 Segment margin less allocated common fixed expenses $ (26,000 ) $ (15,000 ) $ (3,000 ) $ 0 $ 84,000 Toxemia expects similar operating results for the upcoming year. If Toxemia wants to maximize its profitability in the upcoming year, which flavor or flavors should Toxemia discontinue?
Business
1 answer:
lisabon 2012 [21]3 years ago
8 0

Answer:

Wimpy and mild

Explanation:

As we can see in the question that the Wimpy and mild contains the negative margin i.e ($16,000) and ($5,000)

And the segment margin refers to the margin through which the net profit or net loss could arrive by considering the business part

So in this case the segment margin is more powerful as compare to the Segment margin less allocated common fixed expenses

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The cost allocation base​ ________. A. is a systematic way to link an indirect cost or group of indirect costs to cost objects B
ycow [4]

Answer:

The correct answer is letter "A": is a systematic way to link an indirect cost or group of indirect costs to cost objects.

Explanation:

Cost allocation is the method of assigning costs to cost objects. Cost objects are items or activities that are preferable to have their own costs allocated such as a product or a department within a firm. Cost allocation is a measure of profitability at the moment of evaluating a subsidiary. It is mainly used for financial reporting purposes.

6 0
3 years ago
The two major markets in the circular flow of income and expenditure are the:________
Arada [10]

Answer:

[2] goods market and factor market.

Explanation:

The circular flow of income shows how exchange of money, goods and services occur in an economy.

the two flow circular income model consists of an household and a firm.

The household buys factors of production from the household in exchange for money (firms buys from the factor market). In return, households receive payment.

households then go to the goods market to purchase goods and services.

3 0
3 years ago
Grandfather clocks have a particular market in auctions. One theory about the price at an auction is that it is higher when ther
anastassius [24]

Answer:

t value is 1.495

Explanation:

The null and alternative hypothesis are :

H0 : mu = 1327

ha: mu > 1327

This is a one tailed test

Critical value = 1.771

at 0.05 significance level with df = 14-1 = 13

test statistics:

s = 411.53, n = 14

t = (xbar -mu)/(s/sqrt9n))

= ( 1491.43 - 1327)/(411.53/sqrt(14))

= 1.495

Decision:

Reject H0 if tstat > 1.771

Fail to reject H0

5 0
3 years ago
In studying problem solving behavior in kittens, Thorndike used which term to describe behaviors they displayed to escape an enc
Alexus [3.1K]

Answer:

The answer is Instrumental behavior. It is an action performed to reach a goal, such as to obtain a food item, achieve some other kind of reward, or remove a punishment; the behavior causes the desired outcome. Problem-solving is a subset of instrumental behavior, invoked when a direct action (such as reaching for an object) cannot achieve the goal and an indirect approach must be used (such as opening a container to get the object). To paraphrase Thorndike, a problem exists when the goal that is sought is not directly attainable by the performance of a simple act available in the animal's repertoire.

Explanation:

6 0
3 years ago
On December 31, 2020, Flounder Company signed a $1,278,400 note to Culver Bank. The market interest rate at that time was 10%. T
S_A_V [24]

Answer:

All requirements are solved

Explanation:

An amortization schedule is a complete table of periodic loan payments, showing the amount of principal and the amount of interest that comprise each payment until the loan is paid off at the end of its term. Each periodic payment is the same amount in total for each period.

<u>Requirement A</u>

Amount of cash Flounder received from the loan =(1,278,400 x 0.62092) (102,272 x 3.79079)

Amount of cash Flounder received from the loan = 1,181,476    

   

<u>Requirement B</u>

Date           Cash           Interest         Increase in                 Carrying Amount

               Received Revenue     Carrying Amount         of Note

12/31/20                                                                                      1,181,476

12/31/21    102,272         118,148         15,876                       1,197,352

12/31/22   102,272         119,735         17,463                       1,214,815

<u>Requirement C</u>

Loss due to impairment = 1,214,815 - [(767,040 x 0.75131) (102,272 x 2.48685)]          

Loss due to impairment = 384,195    

6 0
3 years ago
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