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Radda [10]
3 years ago
13

Garrett Company provided the following information:

Business
1 answer:
uysha [10]3 years ago
3 0

Answer:

Overall operating profit will decrease by $25,000

Price is $32.5

Explanation:

A product should be shut down if doing so would make the savings in fixed costs associated with the product to exceed the lost contribution. Other wise , the product should remain.

In a shut down decision , the following relevant cash flows should be considered:

1. Lost contribution from the product to be shut down

2. Savings in fixed directly attributable to the product under consideration.

                                                                                          $

Lost contribution from products 2  

(15-10)× 20,000                                                            (100,000)

Savings in direct fixed cos                                        <u>   75,000</u>

Net loss from the drop of product 2                         <u>  (25,000)</u>

Overall operating profit will decrease by $25,000

Mark up is the proportion of cost as profit

Price = cost + (mark-up %×  cost

Price = 25 + (30%× 25) = 32.5

Price is $32.5

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Which of the following is not an example of a liability?
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2 years ago
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18. If the marginal product of capital net of depreciation equals 10 percent and the rate of population growth equals 2 percent,
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Answer:

rate of technological progress = 8 %

Explanation:

given data

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solution

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rate of technological progress = 8%

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8 0
3 years ago
Analysis of the Impact of Adjustments on Financial Statements At the end of the first month of operations, the Stephan Company’s
matrenka [14]

Answer:

Explanation:

The correct amounts are shown below:

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               = $60,000 - $925 +  $1,500

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2. Liabilities = Liabilities balance + employees wages earned

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3.  Stockholders' Equity = Equity balance - depreciation + service revenue - employees wages earned

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4.  Net Income = Net income balance - depreciation + service revenue - employees wages

                        = $9,000 - $925 + $1,500 - $410

                        = $9,165

6 0
3 years ago
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