Answer:
D. ($100,000)
Explanation:
Calculation for what The effect of these events and transactions on 2020 income from continuing operations net of tax would be
Continuing operations net of tax=(20%*$125,000)-$125,000
Continuing operations net of tax=$25,000-$125,000
Continuing operations net of tax=($100,000)
Therefore The effect of these events and transactions on 2020 income from continuing operations net of tax would be ($100,000)
The answer is A.This is a true statement.
Answer:
=$350,000
Explanation:
Property, plant, and equipment are the tangible long-term fixed assets of a company. The total of PPE is the sum of all fixed long term assets minus accumulated depreciation.
There are fixed assets hence will appear on the asset side of the balance sheet. For Koonce Office Supplies, PPE will include
Land : $180,000
Buildings: $210,000
Total = $180,000 + $210,000
Total = $390,000
less accumulated depreciation
=$390,000 -$40,000
=$350,000
Answer:
A. The crossover point in units is 9000 units
B. Alternate B or Proposal B should be chosen
Explanation:
a.
Let x be the number of units.
The profit equation for option 1 can be written as (20-11)x - 62000
The profit equation for option 2 can be written as (20-14)x - 35000
The crossover point is where both optons yield equal profit thus equation 1 = equation 2.
(20-11)x - 62000 = (20-14)x - 35000
9x - 62000 = 6x - 35000
9x - 6x = 62000 - 35000
3x = 27000
x = 27000 / 3
x = 9000 units
b.
At 8300units,
Profit from proposal A is = 9(8300) - 62000 = 12700
Profit from proposal B is = 6(8300) - 35000 = 14800
Thus option B is more profitable at this unit.
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