Answer:
Effect on income= $9,000 increase
Explanation:
Giving the following information:
Fashion:
Contribution margin= 20,000
Fixed expenses= 40,000
Operating income (loss)= (20,000)
$29,000 of fixed costs will be eliminated by discontinuing the Fashion line.
<u>We need to determine the effect on income if the Fashion line is discontinued.</u>
Effect on income= avoidable fixed costs + operating income
Effect on income= 29,000 - 20,000= $9,000 increase
Answer:
Interest capitalized for 2021 was $ 36,000
Explanation:
In order to calculate the Interest capitalized for 2021 we would have to calculate first the Average accumulated expenditures for 2021 as follows:
Average accumulated expenditures for 2021 = ($200,000 * 12/12) + ($300,000 * 4/12) + ($300,000 * 0/12)
= $200,000 + $100,000 + 0
= $300,000
Therefore, to calculate the Interest capitalized for 2021 we would have to make the following calculation:
Interest capitalized for 2021 = [($200,000 * 12/12) + ($300,000 * 4/12) + ($300,000 * 0/12)] * 12%
= [$300,000] * 12%
= $36,000
Interest capitalized for 2021 was $ 36,000
Answer:
The correct answer is subprime mortgages.
Explanation:
Subprime mortgages are loans that are provided to those individuals who have low credit scores. These individuals do not qualify for conventional mortgages because of low credit score. They may have a high debt to income ratio or other signs showing a higher risk of default. A higher interest rate is charged on these loans.
Defaults on subprime loans have been blamed for the financial crisis of 2008.
Answer: (A) Corporation
Explanation:
According to the given question, school is collaborating with one of the publishing firm and the we considered the publishing company as s school's corporation partner.
Corporation is the term which is refers to the legal type of entity where the shareholders manage all the operation and function of the company.
The importance of the corporation partnership is that it is basically providing the various types of benefits and also the common values and the goals in an organization.
Therefore, Option (A) is correct answer.
Answer:
yes
Explanation:
because in order for everything to be organized you need to know how the system is running