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Flauer [41]
2 years ago
5

The fixed costs of the division were $193,000. If the mountain bike division is dropped, 30% of the fixed costs allocated to tha

t division could be eliminated. The impact on operating income for eliminating this business segment would be:
Business
1 answer:
scoundrel [369]2 years ago
3 0

Answer:

decrease in the operating income of $132,100

Explanation:

The computation of the impact on the operating income should be given below:

Sales $1,050,000

less: variable cost -$860,000

contribution margin $190,000

Less fixed cost (30% of $193,000) -$57,900

Impact on operating income $132,100

So there is a decrease in the operating income of $132,100

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Sue’s Jewelry sold 20 necklaces for $25 each to a credit customer. The invoice included a 6% sales tax and payment terms of 2/10
ratelena [41]
The right answer for the question that is being asked and shown above is that: "B. debit to Sales Returns and Allowances for $125.00. " Five necklaceswere returned prior to payment. The entry to record the return would include a B. debit to Sales Returns and Allowances for $125.00. 
3 0
2 years ago
Agent Smith showed a buyer a listing. The laws in the state require the agent to do an agency disclosure before showing a listin
g100num [7]

Answer:

Implied agency

Explanation:

Agency

This is simply known as a form of

relationship between two parties in that the principal hires another person to represent him or her.

An agency relationship can be created with 2 types of agreements between the parties. They are

1. Express agency

2. Implied agency

Express agency

This is simply known as a formal contractural agreement. It can be in an oral or written format.

Implied agency

This is often regarded as an implied agreement. It is an agency which is created through the actions of the parties, instead of an express agreement. It is also called Ostensible agency.

Listing Agreement

This is simply defined as written employment contract which gives right to the broker to find a buyer or a tenant for the owner's property.

4 0
2 years ago
A continuous decrease in the level of prices over time is called ________.
Nostrana [21]
A continuous decrease in the level of prices over time is called deflation. It involves the contraction of the supply of money in an economy. The opposite of such is inflation. During this time, the power of the currency and the wages are high than what is normal.   It causes for capital, goods, services and labor costs to be lower. Monetary deflation can be caused by the decrease in supply of money or instruments that can be redeemed by money. In present, the supply of money is influenced by the central bank of each nation. Price deflation can be caused by a decrease in the demand of the goods and services and also increase in the productivity of the economy.
4 0
3 years ago
Joshua annual salary is 32,824 what percent monthly salary is used for monthly apartment rent of 684
Usimov [2.4K]

Answer:

His 25 percent salary would be used.

Annual salary :32,824

Month in 1 year :12

Annual salary divide by 12= 2735.33

then 1 month rent divide by 1 month salary(2735.33) multiple by 100% = 25 %

6 0
2 years ago
Read 2 more answers
Data concerning Nelson Company's activity for the first six months of the year appear below: Machine Hours Electrical Cost Janua
taurus [48]

Answer:

$560

Explanation:

As we know that the total cost would be a sum of fixed cost and the variable cost

In mathematically,

Total cost = Fixed cost + variable cost

But in the question, the variable cost is not given, so first, we have to find that based on high low method.

So, the variable cost equals to

= Change in total cost ÷ change in machine hours

= ($4,460 - $2,900) ÷ (6,000 -  3,600)

= $1,560 ÷ 2,400

= 0.65

Now the fixed cost equal to

= Total cost - variable cost

= $4,460 - (6,000 × 0.65)

= $4,460 - $3,900

= $560

7 0
3 years ago
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