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WINSTONCH [101]
3 years ago
14

Granfield Company is considering eliminating its backpack division, which reported an operating loss for the recent year of $41,

900. The division sales for the year were $958,100 and the variable costs were $474,000. The fixed costs of the division were $526,000. If the backpack division is dropped, 40% of the fixed costs allocated to that division could be eliminated. The impact on Granfield's operating income for eliminating this business segment would be:
Business
1 answer:
jekas [21]3 years ago
4 0

Answer:

...

Explanation:

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The accountant for Walter Company is preparing the company's statement of cash flows for the fiscal year just ended. The followi
Strike441 [17]

Answer:

$25,400

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

The movement in the retained earnings balance may be expressed as

Opening balance + net income - cash dividend paid = closing retained earnings balance

Cash dividend declared - Cash dividend paid =  Cash dividend payable

$49,000 - Cash dividend paid = $23,600

Cash dividend paid = $49,000 - $23,600

= $25,400

7 0
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Ellen and Fred work on the loading dock for Grange Storage. Ellen, who has a disability, requests a transfer, which would repres
Leya [2.2K]

Answer:

Fred's seniority is a good defense for Grange

Explanation:

Based on the situation at hand and the details provided within the question it can be said that in Ellen’s suit against Grange for discrimination, most likely Fred's seniority is a good defense for Grange. Since Fred has been working at Grange Storage for a long time then Fred also has a right to claim that opening for himself.

If you have any more questions feel free to ask away at Brainly.

8 0
3 years ago
Give an example of 3 wants of businesses and describe WHY they are wants
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A want is something which we would like but do not need to survive. Humans have five basic needs: food, water, shelter, warmth, and clothing. ... Products are launched to fulfill the needs and wants of the consumers in the business's target market. A market is defined as a place where buyers and sellers meet.
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Distinguish between Private and Public Company???​
grigory [225]

Answer:

A Public Company is owned and traded publicly on the stock exchange. A Private Company is owned and traded privately. Limited can use after the public company name (Example- ABC Limited). Private Limited can be used after the private company name.

3 0
3 years ago
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Suppose the economy of the large country of Hendrix is currently experiencing economic growth and has a trade deficit. Consider
Sergio039 [100]

Answer:

Likely to occur during economic growth and increase the trade deficit.

1. Domestic private investment increases

2. Imports increase

When there is a period of economic growth, people generally have more income in the economy. Their consumption will increase and they will demand more foreign goods as well as domestic. This will lead to imports rising.

Likely to occur during economic growth and decrease the trade deficit.

1. Private saving increase.

2. Government borrowing decrease

With people earning more income, they will be able to save more of that income and because they are not buying with those savings, trade deficit drops.

The government would also not have to borrow as much to prop up the economy as the economy is also doing well. This means less need for foreign funds so a lower trade deficit ensues.

Not likely to occur during economic growth.

1. Imports decrease.

2. Government borrowing increases.

When there is economic growth, it is unusual to see that imports are decreasing.

Government would also not have to borrow as much as the economy is doing well on its own and does not need the government to pump money into it.

6 0
3 years ago
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