Answer:
a. $7,100
b. -$6,400
c. -$13,500
d. -$13,500
Explanation:
The computation is shown below:-
a. Net income
Net income = Cash interest
= $7,100
b. Comprehensive Income = Net Income - unrealized holding loss
= $7,100 - $13,500
= -$6,400
c. Other Comprehensive Income = unrealized holding loss
= -$13,500
d. Accumulated other comprehensive income:
Ending Balance of other comprehensive income = Beginning Balance + During this year
= $0 + (-$13,500)
= -$13,500
Answer:
Correct option is C
<u>Overall operating income will decrease by $25,000.</u>
Explanation:
Sales ratio = Sales of product 1 : Sales of product 2 = 200,000:300,000 = 2:3
Sum of sales ratio = 2+3 = 5
Common fixed cost:
Product 1 = 2/5×46,000 = $18,400
Product 2 = 3/5×46,000 = $27,600
Total net operating income = Net operating income of product 1 + Net operating income of product 2 = 46,600+(2,600) = 46,600-2,600 = $44,000
Now, comparing with the total net operating income of both the product ($44,000) with only product 1 ($19,000); overall operating income decreases by $25,000 (44,000-19,000)
In a case whereby firm’s expenses equal or exceed its revenue, the actions that might be taken by management is To check their production process and check the cost of their input.
<h3>What are expenses?</h3>
This are the cost of inputs that the company put into production of their goods and services.
When expense is higher than revenue then the organization is running at loss, but when the revenue equal to the expenses, there is no Gain.
Therefore, the actions that might be taken by management is to check their production process .
Learn more about expenses at:
brainly.com/question/4953989
Answer:
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Answer:
- IFCO for 20x7 as it is reported comparatively in the 20x8 statements = $5,600
- IFCO for 20x8 = $6,800
Explanation:
1) IFCO for 20x7 as it is reported comparatively in the 20x8 statements, should not include the $400 operating income from the component = $6,000 - $400, or $5,600.
2) IFCO for 20x8 should not include the gains resulting from the disposal of the component nor the losses generated by it = $7,000 - $300 + $100 = $6,800
