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Andrei [34K]
3 years ago
5

The following information is available for Discounted Supplies Inc. and its two divisions, Durable Goods and Nondurable Goods. W

hole Durable Nondurable Company Goods Goods Net sales $100,000 $60,000 $40,000 Fixed costs controllable by Division Manager 16,500 12,500 4,000 Fixed costs controlled by others 8,000 5,000 3,000 Variable costs: Cost of merchandise sold 24,500 17,500 7,000 Operating expenses 16,400 10,000 6,400 Unallocated costs 1,000 What is the income before taxes for the company as a whole?
Business
1 answer:
Yuri [45]3 years ago
4 0

Answer:

The income before taxes for Discounted Supplies Inc is calculated as follows:

Sales - $100,000

less Variable cost - $24,500

less Fixed cost: Controllable & Uncontrollable & Unallocated - $25,500

less Operating cost - $16,400

Net Income = $33,600

Explanation:

The net income is the income before taxes.  It is arrived at after deducting variable and fixed costs of sales, including operating cost.

It is based on this figure that income taxes will be levied.

The net income or income before taxes is regarded as the bottomline profit or returns or earnings that is distributable to stakeholders, including the government for taxation and the shareholders in form of dividends.

It shows the result of the efforts in running a business.  A positive income before taxes shows that costs are being efficiently managed.  It leaves a compensation for investors and the economy as a whole.

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When a country imposes tariffs, it is likely to cause
bearhunter [10]

Answer:

lower prices for domestic production

Explanation:

tariffs means

more tax on imports so

imports would be more expensive

A. increased quantities of imports?

if imports are more expensive because of tariffs and

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because they are more expensive

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3 0
2 years ago
Read 2 more answers
Which country is a good example of a high present rate of investment and a low present rate of consumer goods consumption?
anzhelika [568]

Answer:

<u>India.</u>

Explanation:

India is a country with an emerging economy that attracts a lot of investment due to its significant annual economic growth, government incentives, low taxes and little red tape.

The country stands out as the most populous democracy in the world, and despite having a global mentality for business and high investment rates, the second largest population in the world presents serious social problems, such as the caste system, which prevents Indians from having a better quality of life. There is also corruption, social inequality, religious and border disputes. All of these factors contribute to the fact that despite high investments and growth, India is a country marked by social inequality and extreme poverty for a large part of the population, which configures little access to consumer goods for most Indians.

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