Answer:
A) allows us to make interpersonal utility comparisons.
Answer:
The preparation is shown below:
Explanation:
The preparation is shown below:
Balance sheet
Current liability
current portion of long term debt $6,200,000
Long term liability
notes payable $32,900,000
Total liabilities $39,100,000
We simply classify the liabilities into two types i.e current liabilities and the long term liabilities
Answer:
B. a decrease of $30,000
Explanation:
The computation of company’s overall profit is shown below:-
To continue = Contribution margin - Fixed cost
= $65,000 - $70,000
Loss = $5,000
To Discontinue = Unavoidable fixed cost ÷ 2
= $70,000 ÷ 2
= $35,000
So, Net Loss = To continue (Loss) - To Discontinue
= $5,000 - $35,000
= $30,000
Therefore there is a decrease of $30,000
Answer:
C: reduce; increase
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