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Helga [31]
4 years ago
15

Carns Company is considering eliminating its small tools division, which reported an operating loss for the recent year of $85,0

00. Division sales for the year were $1,310,000 and its variable costs were $1,175,000. The fixed costs of the division were $220,000. If the kitchen division is dropped, 45% of the fixed costs allocated it could be eliminated. The impact on Carns’s operating income from eliminating the small tools division would be:
a. $74,200 decrease
b. $36,000 decrease
c. $220,000 decrease
d. $36,000 increase
e. $99.000 decrease
Business
1 answer:
Blababa [14]4 years ago
5 0
I really don’t know this question but aight I’m just in 6 th grade
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Explanation:

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3 years ago
Which of the following statements are true? (plato)
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Which of the following statements are true? (plato)

A. Economic stability means fair distribution of goods in an economy.

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C. Inflation is a fall in the prices of goods and services.

D. Inflation is a rise in the prices of goods and services.

E. Microeconomics studies the economy as a whole.

The bold choices are the true statements from this question. C in incorrect because D. is correct, inflation is defined as the rise in prices and goods and services. These goods and services inflat as the economy rises.

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4 0
3 years ago
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The Guitar Shoppe reports the following sales forecast: August, $150,000; September, $170,000. Total sales includes 40% cash sal
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Answer:

Cash Receipt Budget

Cash receipt budget shows the sales of cash and credit. It also shows the frequency of the payment of credit sales by the customer.

5% of noncollectable will not be recorded in the cash receipt. Calculate GS's scheduled cash receipts for the month of September as shown below:

GS Cash receipt Budget For September month  

Sales = $170,000

Cash sales (0.4 × $170,000) = 68,000

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Total cash receipts = $150,500

Working Notes

Cash sales are 40 percent of total sales.

55 percent of previous month receivables are received in the current month. As such, receivables pertaining to August is received in September.

Therefore, GS's budgeted cash receipts for the month of September is computed as $150,500

4 0
3 years ago
Thornton, inc., had taxable income of $127,682 for the year. The company's marginal tax rate was 34% and its average tax rate wa
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Answer:

Are you sure you copied the options correctly?

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the closest option is d. $30,471.

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the company's total tax liability = total taxable income x average tax rate

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The formula used to calculate average tax rate = total taxes paid / total taxable revenue. To determine total taxes paid you just need to adjust this formula.

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