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sweet-ann [11.9K]
3 years ago
7

Suire Corporation is considering dropping product D14E. Data from the company's accounting system appear below: Sales $ 600,000

Variable expenses $ 241,000 Fixed manufacturing expenses $ 232,000 Fixed selling and administrative expenses $ 180,000 All fixed expenses of the company are fully allocated to products in the company's accounting system. Further investigation has revealed that $192,500 of the fixed manufacturing expenses and $107,500 of the fixed selling and administrative expenses are avoidable if product D14E is discontinued. Required: a. According to the company's accounting system, what is the net operating income earned by product D14E
Business
1 answer:
atroni [7]3 years ago
6 0

Answer:

$127,000

Explanation:

Suire Corporation Net operating income

Sales $ 600,000

Variable Costs $ 241,000

Contribution Margin $ 359,000

Fixed Expenses $232,000

Net Operating Income $127,000

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Current liabilities __________.a. are listed in the balance sheet, starting with accounts payable.b. are listed in the balance s
dimulka [17.4K]

Answer:

Option D Are obligations that the company is to pay within the forthcoming year.

Explanation:

The liabilities are the obligation of the company that has arisen due to the occurence of past event and the organization is liable to pay the consideration (something that is valuable in monetary terms) to party. Their are many obligations that are not written in the financial statement which IAS 37 Provisions, Contingent Liabilities and Contingent Assets, does not permit to include in financial statement depending upon the chances of liability arising is remote or reasonably possible but not certain or probable. So the right answer is option D.

4 0
3 years ago
The term that best matches the description given.
Leto [7]

Answer:

I think Quantitative data

Explanation:

I'm sry if I'm wrong

4 0
2 years ago
Your practice recently purchased a portable ultrasound machine. A client calls and asks how early her mare can have an ultrasoun
adell [148]

Answer:

The very earliest that a pregnancy can be confirmed with an ultrasound in a horse is approximately after two weeks after the breeding took place.

Explanation:

8 0
3 years ago
A company paid $0.58 in cash dividends per share. Its earnings per share is $4.30 and its market price per share is $28.75. Its
Lina20 [59]

Answer:

a) 2.02%

Explanation:

Dividend yield = Cash dividend per share / Market price per share

Dividend yield = $0.58 / $28.75

Dividend yield = 0.02017

Dividend yield = 2.02%

5 0
3 years ago
Henry Jones contributed equipment, inventory, and $57,300 cash to a partnership. The equipment had a book value of $27,800 and m
Oliga [24]

Answer:

A. $86,900

Explanation:

Henry’s capital account will be credited by the amount of $86,900. See computation below.

Cash $57,300

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Inventory 10,400

Note payable (14,900)

————

Total $86,900

*Both the equipment and the inventory will be recorded on partnership’s book at fair market value at the time of contribution.

*The partnership may absorb the obligation if it is associated with an asset contributed by partner. Thus, it will be deducted to his capital account as contribution to the partnership.

3 0
3 years ago
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