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defon
3 years ago
10

A creditor must ensure that the consumer receives the revised Loan Estimate no later than four business days prior to:________.

Business
1 answer:
zhuklara [117]3 years ago
5 0

Answer:

Consummation

Explanation:

A creditor must ensure that the consumer receives the revised Loan Estimate no later than four business days prior to consummation.

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Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisio
anygoal [31]

Answer:

Effect on income= -$49,500

They lost the positive contribution margin increased by the fixed costs. Veronica is wrong.

Explanation:

Giving the following information:

Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $25,500.

Percy Division

Sales= $100,000

Cost of goods sold= 76,000

Gross profit= 24,000

Operating expenses= 49,500

Net income= (25,500)

In the Percy Division, the cost of goods sold is $59,000 variable and $17,000 fixed, and operating expenses are $29,000 variable and $20,500 fixed.

None of the Percy Division's fixed costs are avoidable.

Effect on income= -contribution margin - fixed costs

Effect on income= -(100,000 - 88,000) - 37,500= -$49,500

They lost the positive contribution margin increased by the fixed costs.

4 0
3 years ago
For workers, "going on strike" means
scZoUnD [109]

Hello.

For workers, "going on strike" means refusing to work until certain demands are met. An example being a bunch of protesters wanting a payraise.

5 0
2 years ago
Research Hershey's organizational chart and organizational structure. Type a one page paper describing Hershey's organizational
Goshia [24]

Answer:

It resembles a structure of departmental and grid structure. Like departmental association, it has its own specializations headed by chief. The divisions existed in the firm are as per the following:  

  • boss activities/working official  
  • boss development official  
  • CFO  
  • general advice and security  
  • boss Human Resources official  
  • head controlling official and  
  • senior bad habit precedent-worldwide activity  

This structure is level in nature, where all the departmental heads are reports to the supervisor Chief Executive Officer as it were. They get orders from the CEO and forward to their subordinates to execute the requests. This is firm is having 3 level administration structure just, for example President, utilitarian heads and officials. with this basic structure, the firm can communicate with others rapidly and without any problem. In the event that there are numerous levels in the center through and through, it sets aside a lot of effort to stream of data or whatever else start to finish and the other way around.  

The dynamic is decentralized right now, practical heads have option to take choice at their level, to the major and corporate level methodologies just they relies upon CEO.

5 0
3 years ago
The trial balance of Rollins Inc. included the following accounts as of December 31, 2021:
Alinara [238K]

Answer:

Net income  = $725,625    

Earnings per share = $7.26 per share

Explanation:

The multiple-step income statement refers to an income statement that displays gross profit obtained as sales revenue minus cost of goods sold, and also shows an organization's operating revenues and operating expenses separately from its nonoperating revenues or gains and expenses or losses.

The multiple-step income statement can be prepared as follows:

Rollins Inc.

multiple-step income statement

For the Year Ended December 31, 2021

<u>Details                                                      $                             $             </u>

Sales Revenue                                                               5,400,000

Cost of goods sold                                                    <u>   (3,950,000)   </u>

Gross profit                                                                     1,450,000

<u>Operating expenses:</u>

Selling expense                                 (350,000)

General and admin expense          <u>   (250,000)   </u>

Total operating expenses                                            <u>  (600,000)  </u>

Operating income                                                            850,000

<u>Interest revenue (expense):</u>

Interest revenue                                     37,500

Interest expense                                 <u>  (20,000) </u>

Total Interest revenue (expense)                                      17,500

<u>Other compreh. income (loss):</u>

Loss on sale of investments               (10,000)

Loss on debt investments                 (125,000)

Gain on projected ben. obligation   <u>  235,000 </u>

Total other compreh. income (loss)                             <u>   100,000  </u>

Income before tax                                                           967,500

Income taxes (w.1)                                                        <u>   (241,875)   </u>

Net income                                                                   <u>   725,625    </u>

Earnings per share (w.2)                                                      7.26

<u>Workings:</u>

w.1: Income taxes = Income before tax  * Effective tax rate = $967,500 * 25% = $241,875

w.2: Earnings per share = Net income / Number of shares of stock outstanding throughout the year = $725,625 / 100,000 = $7.26

7 0
2 years ago
Costs that can be traced to a cost object in a cost-effective way are called direct costs.
Fynjy0 [20]

Answer:

a) true

Explanation:

Costs that can be traced to a cost object in a cost-effective way are called direct costs. Sometimes they can literally be seen on the cost object by observation. For example the wood on the table.

7 0
2 years ago
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