1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murljashka [212]
3 years ago
13

The internal financial statements of Vera Incorporated show that their beaded purses incurred an operating loss in the most rece

nt year. There were 27 comma 000 purses sold in that year. Selected financial information about the purse line follows. Total sales revenue $ 191 comma 000 Variable costs $ 92 comma 000 Contribution margin $ 99 comma 000 Fixed costs $ 101 comma 000 Net operating loss $( 2 comma 000 ) If the line of purses were to be​ discontinued, the company would avoid $ 21 comma 000 in fixed costs per year. If Vera Incorporated were to discontinue the line of​ purses, the change in annual operating income would be
Business
1 answer:
brilliants [131]3 years ago
4 0

Answer:

Vera Incorporated

Change in annual operating income from discontinued business:

Annual Operating Income would reduce by $78,000.

Explanation:

a) Calculation of the Net Income Lost:

Loss of Contribution        ($99,000)

Avoidable fixed cost          $21,000

Reduction of Income       ($78,000)

b) The line of purses contributes $80,000 towards the company's fixed cost.  Therefore, discontinuing this line of business would lead to the loss of this steam of income.  The amount of reduced operating income will be $78,000 ($80,000 - 2,000).

You might be interested in
Inflation is when _________ money is paid for the same amount of goods and services than in a previous time period. the same amo
Kisachek [45]

Answer:

More

Explanation:

Use google

6 0
3 years ago
What's the difference between a debit card and a cash card
sveta [45]
A cash card<span> will only allow you to make ATM (Automatic Teller Machine) withdrawals. A </span>debit card<span> will allow you to pay directly for goods and services </span>in<span> any place where your </span>card's <span>payment network (Visa, Maestro, etc.) </span>is<span> accepted.

hope this helped :)
alisa202</span>
5 0
3 years ago
Read 2 more answers
Jason Liang has gotten three job offers. He is now looking at the benefits packages of all three to see what he likes and doesn'
Dovator [93]

Answer:

Which step in the career planning process is Jason completing?

E) Evaluate financial and other factors of positions offered.

Explanation:

Career planning is an aspect of career management that involves self evaluation and formulation goals to have a strong career path. It involves constant evaluation in improving skills and setting goals to ensure that one achieves career objectives that they set out. Career planning is a step-wise procedure that is to move an individual to a direction that will make him/her achieve professional excellence in the career that is chosen. The following steps are involved in career planning;

1. Self assessment

Self assessment involves the evaluation of one's own skills and interests and also capabilities to understand what he/she already has and where he/she wants to be in the career path.

2. Research on careers

Once the skills and interests has been assessed, one can research on the careers they would love to pursue to find out if they align with their skills, capabilities and interests

3. Set career objectives

The individual should then set clean career objectives, both short-term and long-term objectives.

4. Learn and improve skills

In order to align with set career objectives, the individual should keep improving and acquiring new skills.

5. Search for a Job

This involves the preparation of Curriculum vitae and supporting documents and search for jobs that offer opportunities that will help in advancing your career.

6. Once you receive job offers, evaluate various factors including the financial ones offered by the positions.

7 0
3 years ago
Lansbury Inc. had the following balance sheet at December 31, 2019.
timofeeve [1]

Answer:

See explanation

Explanation:

Requirement A

See the image Below:

Requirement B

                     LANSBURY INC.

                    BALANCE SHEET

             As at December 31, 2020

             Assets

Cash                                                                   $37,000

Accounts receivable                                          $41,600

Investment                                                         $20,400 <em>(Note - 1)</em>

Plant asset                                      $81,000

Less: Accumulated depreciation <u>($11,000)   </u>  

Book value of Plant asset                                 $70,000

<u>Land                                                                   $53,000</u>

Total assets                                                     $222,000

Liabilities and Stockholders' Equity

           Liabilities

Accounts payable        $30,000

<u>Notes payable              $25,000</u>

<em>Total liabilities              $55,000</em>

    Stockholders' Equity

Common Stock           $120,000

<u>Retained earnings      $  47,000   </u>(Note - 2)

<em>Total stockholders' equity = $167,000</em>

Total liabilities & Stockholders' Equity = $222,000

<em>Note - 1:</em>

Sold investment's cost value calculation -

Selling price =           $15,000

<u>Less: Gain on sale = ($3,400)</u>

Cost price = $11,600

Investment during 2019 =             $32,000

<u>Sale of Investment (book value)    $11,600 </u>

Remaining value of Investment = $20,400

<em>Note - 2:</em>

Beginning                              $23,200

Add: Net Income                   $32,000

<u>Less: Dividend                       ($8,200)</u>

Ending retained earnings  = $47,000

Requirement C

1. Cash flow to net income ratio:

It shows how much cash flows from operating activities during the year over a specific net income.

We know, Cash flow to net income ratio = \frac{Cash flow from operating activities}{Net Income}

Cash flow to net income ratio = \frac{19,200}{32,000}

Cash flow to net income ratio = 60%

2. Operating cash flow ratio:

It shows how much cash flows from operating activities during the year from the use of current liabilities.

We know, Operating Cash flow ratio = \frac{Cash flow from operating activities}{Current liabilities}

Operating Cash flow ratio = \frac{19,200}{30,000}

Operating Cash flow ratio = 64%

Note: Here, accounts payable is the only current liabilities as notes payable has a long-term value.

8 0
3 years ago
Which individual is a producer? a quality control manager who works in a busy restaurant a mother who demands quality produce fo
Ostrovityanka [42]

The answer is: a quality control manager who works in a busy restaurant

To be considered as a producer, we need to create some sorts of goods or services and exchange it with the customers in order to obtain some sort of financial gain.  Quality control manager fall into this category because the manager created services in form of expertise in managing restaurants business in exchange for salaries.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Suppose nanospeck, a biotechnology firm, is selling bonds to raise money for a new lab—a practice known as
    13·1 answer
  • This type of restaurant has a relatively large number of employees per customer
    9·2 answers
  • Assuming purchase costs are declining and a periodic inventory system is used, determine the statements below which correctly de
    10·2 answers
  • Under the previous​ CEO, Konica/Minolta's management determined it was time to invest in​ __________ by offering new products to
    15·1 answer
  • Vincent and Jean are two cooks who work in a village. Each of them can either bake cakes or make pizzas. Every ingredient is rea
    6·1 answer
  • On June 30, year 8, Adonis Co. had outstanding 4%, $4,000,000 face value bonds, originally issued at 98, maturing on June 30, ye
    5·1 answer
  • Compute the takt time for a system where the total time per shift is 370 minutes, there is one shift, and workers are given 3 11
    15·1 answer
  • A bank has $400 in checkable deposits, $800 in savings deposits, $700 in time deposits, $900 in loans to businesses, $300 in out
    12·1 answer
  • Most foodborne illness outbreaks are caused by
    5·1 answer
  • When the dollar falls compared to other currencies, which group benefits the most?
    13·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!