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masha68 [24]
3 years ago
13

O'Neill, Incorporated income statement for the most recent month is given below. A proposal has been made that will lower variab

le expenses in Store A to 62% of sales. However, this reduction can only be accomplished by an increase in fixed expenses of $8,000. If this proposal is implemented and sales remain constant, overall company net operating income should: Select one: a. remain the same b. decrease by $4,200 c. increase by $2,000 d. increase by $8,000

Business
1 answer:
topjm [15]3 years ago
4 0

Answer:

c. increase by $2,000

Explanation:

The computation of company net operating income is shown below:-

New amount for Store A variable expenses = Sales percentage × Store A sales

= 0.62 × $100,000

= $62,000

Change in net operating income = (Variable expenses of store A - New amount for Store A variable expenses) - Fixed expenses

= ($72,000 - $62,000) - $8,000

= $10,000 - $8,000

= $2,000 increase

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Answer: disaffirm

Explanation:

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It should be noted that a contract that is signed by a minor unless in some rare exceptions is normally void and therefore, the minor can disaffirm the contract.

8 0
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Jan is risk-averse, but wants to earn the best rate of return in less than two years. which investment would most likely meet ja
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3 years ago
Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital
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Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

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As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

5 0
2 years ago
You have just signed a contract for your rental property and you will make monthly payments at the beginning of each month. Your
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Answer:

$9,760.48

Explanation:

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3 years ago
When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by?
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When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by <u>selling common stock</u>. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

<h3>What is a retained earnings?</h3>

Retained earnings are the total of profit an establishment has left over after paying all its direct costs, indirect costs, income taxes and its dividends to shareholders.

Therefore, the correct answer is as given above

learn more about retained earnings: brainly.com/question/25631040

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8 0
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