The shareholders elect the board of directors.
Answer and Explanation:
a. The estimation of the contribution margin for each segment is shown below:
(in millions)
<u>Particulars Investor Advisor Services Services </u>
Income from
operations $1,681 $1,660
Add:
Depreciation $171 $154
Contribution
Margin $1,852 $1,814
2. Now the estimation of decline in operating income is
(in millions)
<u>Particulars Combined services Institutional Services </u>
Revenues $9,368 $4,771
Less:
Variable cost $5,702 $2,919
($2,919 + $2,783)
Contribution
margin $3,666 $1,852
Less:
Fixed cost -$325 -$171
Net income $3,341 $1,681
So according to the above calculations, the net operating income is declined by
= $3,341 - $1,681
= $1,660 million
The variable cost is come from
= Service revenues - income from operations - depreciation expense
Answer:
$85,931.40
Explanation:
Present value is the sum of discounted cash flows.
Present value can be calculated using a financial calculator:
Cash flow in year 0 = $20,000
Cash flow in year 1 = $35,000
Cash flow in year 2 = 0
Cash flow in year 3 = $45,000
Discount rate = $85,931.40
I hope my answer helps you
Answer: $4,375
Explanation:
Annual Depreciation at end of year 5 is the same as every year as this is classical straight line depreciation.
= (Cost - Salvage value) / Useful life
= (40,000 - 5,000) / 8
= $4,375
Answer: The general ledger accounts do not provide the accounting information that managers of job order cost operations need to plan and control production activities.
Explanation:
A general ledger account is an account that is used in an organization to sort and summarize the transactions of an organization. These form of accounts are arranged in a general ledger and the balance sheet will have to appear first which is then followed by income statement.
It is also used to record every journal transactions that has taken place in order to prepare trial balance. General ledger accounts don't accounting information to the job order cost operations need to plan and control production activities due to the fact that costing had to do with several costs.
