,Answer:
See below
Explanation:
A B C
Sales revenue
$70,000 $145,000 $32,000
Variable costs
($42,000) ($77,000) ($20,000)
Contribution margin
$28,000 $68,000 $12,000
Fixed costs
Operating income loss
The total operating income is
= $16,700 + $34,500 + ($950)
= $50,250
Should the fixed cost of C be eliminated, the operating income/(loss) of C
= $6,000 - $950
= $5,050
This is the net increase in the total operating income
<span>When the desired job has all being done and there is no assigned further task for the process to complete anymore which literally means that the process has fully completed or implemented all the procedures that it was initially set out to do.</span>
Operational risk, or risk that arises from the actual operation/course of running the business.
Solution :
The following journal entry will be prepared to record the transactions
Date General Journal Debt($) Credit($)
Jan 1 Investment in Cheyenne Co. 2,418,000
(465,000 x 40% x $13)
Cash 2,418,000
Oct. 25 Cash (465,000 x 40% x $0.4) 74,400
Investment in Cheyenne Co. 74,400
Dec 31 Investment in Cheyenne Co. 373,600
($934,000 x 40%)
Equity income in Cheyenne Co. 373,600
Answer: Partnerships
Explanation:
A partnership is a legal form of business operation created between two or more individuals with a common goal, who are to share management and profits.
There are two recognized types of partnerships. The types of partnerships are general and limited partnerships.
In a general partnership, each of the partners controls the firm and assume full responsibility for the companies debts and profits.
In a limited partnership there is the presence of both the general and limited partners. The general partner owns and control the day to day running of the business and takes responsibility for the company, while the limited partners play the role of investors only; they posses little or no control over the firm and do not share the same liabilities as the general partners.