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3 years ago

The following transactions were completed by the company.

Business

1 answer:

myrzilka [38]3 years ago

3 0

Answer:

there is not enough room here, so I used an excel spreadsheet.

Explanation:

Download pdf

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Gator Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $480,000, va

Ksenya-84 [330]

Answer:

The company will lose $85,000 if the product line is discontinued

Explanation:

Giving the following information:

Sales= 480,000

variable expenses= (360,000)

Contribution margin= 120,000

fixed expenses= (140,000)

Net operating income= (20,000)

If Gator eliminates the line, $35,000 of fixed costs will remain.

We need to determine the effect on income if the product line is discontinued.

Effect on income= fixed costs - net operating income

Effect on income= -105,000 - (-20,000)

Effect on income= -85,000

The company will lose $85,000 if the product line is discontinued

8 0

3 years ago

Keren Wiseman is an employee of Dimensionworks Designs in New Mexico. She received the following achievement awards from her emp

puteri [66]

Answer:

$2,300

Explanation:

Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.

The excludable amount or deduction is $1,600 out of total amount of awards.

Total amount of awards = Design + Graphic + Employee of the year

= $1,340 + $1,775 + $785

= $3,900

Taxable awards = Total amount of awards – Excludable amount

= $3,900 – $1,600

= $2,300

However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.

8 0

3 years ago

Last year, you earned a rate of return of 11.29 percent on your bond investments. During that time, the inflation rate was 4.6 p

nordsb [41]

Answer:

the real rate of interest of 6.39 %

Explanation:

given,

rate of return on your bond = 11.29 %

the inflation rate = 4.6 %

real rate of return = ?

rate of return = $(\dfrac{1+ return\ rate}{1 + inflation }-1)\times 100$

rate of return = $(\dfrac{1+ 0.1129 }{1 + 0.046 }-1)\times 100$

rate of return = $(\dfrac{1.1129}{1.046 }-1)\times 100$

= 6.39 %

the real rate of interest of 6.39 %

5 0

3 years ago

How to deal with a complainer in a business?

KengaRu [80]

File a formal complaint with human resorces

8 0

3 years ago

Read 2 more answers

Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided t

777dan777 [17]

Answer:

B. $1,500 F

Explanation:

Flexible Planning Activity

Budget Budget Variance

Customer served (q) 17 20

Travel expense ($500q) $8,500 $10,000 $1,500 (Favorable)

Workings

<u>Travel Expense </u>at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

5 0

3 years ago