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4 years ago

North Division has the following information:

Business

1 answer:

VLD [36.1K]4 years ago

5 0

Answer:

due to elimination

income will decrease by $526000

Explanation:

Given data

Sales = $1180000

Variable expenses = $654000

Fixed expenses = $620000

to find out

incremental effect on net income

solution

we know here total sale is $1180000 and Variable expenses is $654000

so contribution if the division is dropped is sales - Variable expenses

put these value

contribution = 1180000 - 654000

contribution = 526000

so we say that due to elimination

income will decrease by $526000

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When a corporate name such as Sony is combined with a product brand name such as Walkman, the brand category is referred to as:

Ulleksa [173]

Answer:

Tiered brand

Explanation:

Tiered branding is a strategy used to leverage a company's reputation for a product line. This develops a distinct identity for the product line.

In the given scenario Sony brand I being leveraged to promote the Sony Walkman.

Usually the common tiered branding is two tiered branding. The top tier is the parent brand while the second tier is the sub brand.

So Walkman is the sub brand that uses the reputation of Sony to boost awareness and sales of the new product.

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Money is: the gold and silver behind the currency and the coins that are issued by the government. only the printed paper curren

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Answer:

anything that both buyers and sellers will accept in exchange for goods and services

Explanation:

Money is anything that is accepted as payment for goods or services or as repayment of debt. According to economists, money refers to something beyond just paper bills and coins. It is a medium of exchange , unit of account and store of value. Money can be used to transport purchasing power from one time period to another.

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3 years ago

On January 1, 2022, Skysong, Inc. purchased equipment for $44280. The company is depreciating the equipment at the rate of $620

Svetllana [295]

On December 31, 2022, the book value of the equipment comes out to be $36,840 with monthly depreciation of $620.

Option D is the correct answer.

<h3>What is meant by depreciation?</h3>

Depreciation is a method that applies to tangible fixed assets where the fall in the value of an asset has been recorded.

Given values:

The purchase cost of equipment: $44,280

Monthly depreciation: $620

<u>Step-1</u> Computation of annual depreciation charges:

$\rm\ Annual \rm\ depreciation=\rm\ Monthly \rm\ depreciation \times \rm\ Number \rm\ of \rm\ months \rm\ in \rm\ a \rm\ year\\\rm\ Annual \rm\ depreciation=\$620 \times\ 12\\\rm\ Annual \rm\ depreciation=\$7,440$

<u>Step-2</u> Computation of book value of the equipment at the year-end:

$\rm\ Equipment's \rm\ Book \rm\ value=\rm\ Purchase \rm\ Cost \rm\ of \rm\ Equipment-\rm\ Annual \rm\ Depreciation \\\rm\ Equipment's \rm\ Book \rm\ value=\$44,280-\$7,440\\\rm\ Equipment's \rm\ Book \rm\ value=\$36,840$

Therefore, when the company purchases equipment at $44,280 with annual depreciation is $7,440, then the equipment's book value comes out to be $36,840 at the year-end.

Learn more about the depreciation in the related link:

brainly.com/question/14682335

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2 years ago

Exercise 14-04 a-c Bonita Company reports the following costs and expenses in May. Factory utilities $16,000 Direct labor $72,70

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Answer:

Factory Overheads $182,420

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Explanation:

Bonita Company

Direct materials used 141,700

Direct labor $72,700

Factory Overheads $182,420

Factory utilities $16,000

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Property taxes on factory building 2,600

Indirect factory labor 53,500

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Factory repairs 2,970

Factory manager’s salary 8,100

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Depreciation on delivery trucks 4,900

Repairs to office equipment 1,800

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Product Costs = Direct materials + Direct Labor + Manufacturing Overheads

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3 years ago

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Answer:

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