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3 years ago

Divisional Income Statements

Business

1 answer:

jekas [21]3 years ago

5 0

Answer and Explanation:

The Preparation of divisional income statements is following below:-

Ruiz Industries Inc.

Divisional Income Statements

For the Year Ended November 30, 2018

Commercial Division Residential Division

Sales a $479,140 $292,280

Cost of goods sold b $316,230 $163,680

Gross profit c = (a - b) $162,910 $128,600

Administrative expenses d $57,500 $58,460

Operating income $105,410 $70,140

(e = c - d)

Support department

allocations f $43,120 $28,350

Segment Income $62,290 $41,790

(g = e - f)

So, to reach at segment income we subtract the Support department allocations from operating income.

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Advice from most financial advisers states to spend no more than 28% of one's gross monthly income for one's mortgage payment, a

Lena [83]

Answer and Explanation:

The computation is shown below:

a. For the maximum amount that spend each month on mortgage payment is

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 28%

= $924

b. . For the maximum amount that spend each month on total credit obligatons

= Gross annual income ÷ total number of months in a year × mortgage payment percentage

= $39,600 ÷ 12 months × 36%

= $1,188

c. Now the maximum amount spend for all other debt is

For monthly mortgage

= $924 × 70%

= $646.8

And, for mortgage debt

= $1,188 × 70%

= $831.60

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3 years ago

The multiplier applies to Group of answer choices investment, net exports, and government spending. increases in spending but no

olga2289 [7]

The multiplier applies to the investment, net exports and government spending.

<h3>What is a multiplier?</h3>

This refers to an economic factor that of increased, it can causes an increases in many other related economic variables.

Hence, in economics, its applies to the investment, net exports and government spending.

Therefore, the Option A is correct.

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2 years ago

Field Farms and Gourmet Restaurant enter into a contract for a sale of produce. After Field Farms ships the lettuce but before t

Mkey [24]

Answer: D.) Regardless of the quantity.

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3 years ago

All of u goto sleep now or u will get dark circles under ur eyes(kasey andsnake)

ExtremeBDS [4]

Answer:

no ❤

Explanation:

Some of the signs and symptoms of sleep disorders include excessive daytime sleepiness, irregular breathing or increased movement during sleep. Other signs and symptoms include an irregular sleep and wake cycle and difficulty falling asleep.Some common types of sleep disorders include:

Insomnia, in which you have difficulty falling asleep or staying asleep throughout the night.

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Give an overview of the four major sleep disorders, including their signs, symptoms, and possible causes. in breathing while you are asleep. There are several types of sleep apnea.

Restless legs syndrome (RLS), a type of sleep movement disorder. Restless legs syndrome, also called Willis-Ekbom disease, causes an uncomfortable sensation and an urge to move the legs while you try to fall asleep.

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3 0

3 years ago

Read 2 more answers

Trey owns 250 shares of common stock in a toy–store company. This means that he owns a percentage of the company based on the pr

Sergeu [11.5K]

Answer:

The correct answer is D

Explanation:

The voting right is the right which is given to the shareholders of the company to vote on the matters of the corporate policy involving the decisions on the making of the BOD (Board of Directors), making changes in the operations of the corporation, issuing securities and initiate the corporate actions.

So, when the person owns 250 shares, which means owns the percentage of the company grounded on the proportion of the shares the person owns. Therefore, the person along with ownership gets the voting rights as well.

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4 years ago