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Ierofanga [76]
3 years ago
7

Fabri Corporation is considering eliminating a department that has an annual contribution margin of $27,000 and $73,000 in annua

l fixed costs. Of the fixed costs, $16,500 cannot be avoided. The annual financial advantage (disadvantage) for the company of eliminating this department would be:
Business
1 answer:
faltersainse [42]3 years ago
6 0

Answer:

$29,500

Explanation:

The calculation of annual financial advantage (disadvantage) is shown below:-

If continues

Loss = Contribution - fixed cost

= $27,000 - $73,000

= $46,000 loss

If Eliminates,

Savings = Loss - Fixed cost

= $46,000 - $16,500

= $29,500

Therefore for computing the annual financial advantage (disadvantage) we simply deduct fixed cost from loss.

You might be interested in
_____ refer(s) to the act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it
spin [16.1K]

Answer:

<u>Crowd-sourcing</u>

Explanation:

Like the term "outsourcing" conveys assigning task performed by own workforce to outside specialized firms, "crowd-sourcing" refers to breaking down a huge project which was initially performed by a single individual, and assigning the small parts to a large group.

Such an activity speeds up the performance of the project as a whole i.e the project gets completed lot more efficiently.

Crowd-sourcing helps a company utilize the skill sets unavailable to it within it's own workforce. Secondly such an activity speeds up the tasks and reduces operational costs.

6 0
3 years ago
STATEMENT OF STOCKHOLDERS’ EQUITY In its most recent financial statements, Newhouse Inc. reported $50 million of net income and
gizmo_the_mogwai [7]

Answer:

The Company paid usd 2  per share.

Explanation:

Initial Retained Earnings: $ 780 mill.

Current Net Income :       $ 50  mill.

=================================

Subtotal :                          $ 830 mill.

Actual Retained Earnings  :  $ 810 mill.

The difference of $ 20 mill. was the dividends paid to shareholders, if were 10 million of share outstanding, it means usd 2/Share.

5 0
3 years ago
Mr. Smith would like to run for a Senate seat in Massachusetts. He is 49 years old and has been a citizen of the United States a
Mars2501 [29]

Answer: No. Mr. Smith cannot run for the Massachusetts Senate seat

Explanation:

From the question, we are informed that Mr. Smith is 49 years old, a United States citizen and that he would like to run for a Senate seat in Massachusetts. He lives in New York and is registered to vote in that state.

It should be noted that Mr Smith isn't a resident of Massachusetts and therefore, he cannot run for Senator as he's not registered there but rather he registered in New York. Assuming he registered in New York, then he can be a senator there but he isn't registered there, therefore he can't.

4 0
3 years ago
Friendly’s Quick Loans, Inc., offers you $8.25 today but you must repay $10.45 when you get your paycheck in one week (or else).
Ivahew [28]

Answer:

1,386.67%

Explanation:

Loan Amount = $8.25

Repayment Amount = $10.45

Hence,

Interest for a week = Repayment Amount - Loan Amount

                                = $10.45 - $8.25

                                = $2.2

Interest percentage for a week:

= \frac{Interest\ for\ a\ week}{Loan\ Amount}\times100

= \frac{2.2}{8.25}\times100

= 26.66% (approx)

Number of weeks in a year = 52

Therefore,

Effective annual return:

=  Interest percentage for a week ×  Number of weeks in a year

= 26.66% × 52

= 1,386.67%

Hence,  effective annual return Friendly’s earns on this lending business is 1,386.67% .

APR you are paying 1,386.67%.  

3 0
3 years ago
On March 1, Retro Inc. reported a balance in Supplies onf $200. During March, the company purchased supplies for $950 and consum
-BARSIC- [3]

Answer:

stockholer's equity will be overstated by $800.

Explanation:

The adjustment required is to record $800 of supplies used as an expense, hence, by carrying out the adjustment, net income is overstated by $800 so also retained earnings and shareholders' equity.

In other words,the balance that would be left in supplies is opening balance of $200 plus purchase of supplies which is $950 minus the supplies used.

balance of supplies=$200+$950-$800=$350

Option B is wrong the balance expected is $350 and the balance without adjustment is $200,that is $150 understatement not $350

4 0
3 years ago
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