Answer: Decrease by $70000
Explanation:
Before the Barbecue Division is eliminated, the profit gotten will be:
Revenue from Barbecue Division sales = $510,000
Less: Salaries = $110000
Less: Direct material = $315000
Profit = $70000
Therefore, based on the analysis above, If Barbecue Division were eliminated, profitability would decrease by $70000
A: The four types of economic utility are form, time, place and possession. "Utility" in this context refers to the value, or usefulness, that a purchaser receives in return for exchanging his money for a company's goods or services.
C. balance sheets
explanation:
Answer: (D) Scientific
Explanation:
According to the given question, the current research on the concept managerial skills is very important for improving the various types of management skills in an organization.
The scientific is not the managerial skills in an organization and the following are the four general management skills are:
- Technical skills
- Conceptual skills
- Political skills
- Interpersonal skills
The managerial skills is important in an organization as it has the problem solving ability and also effectively manage the performance and the opportunity in an organization.
Therefore, Option (D) is correct answer.
Answer:
A) Balance Sheet: reports the assets, liabilities and shareholders' equity at a given point in time. Assets = Liabilities + Shareholders' equity
B) Income Statement: reports the profits or losses = total revenues - total costs, over a specific period of time
C) Statement of Retained Earnings: reports the changes in the retained earnings account during the accounting period, it shows how net income increases retained earnings and how dividends decrease it.
Explanation:
