A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the _________

Southeastern Bank organizes its loan operations based on the market served—consumer, small business, or nonprofit organizations.

bezimeni [28]

Answer:

customer group

Explanation:

Customer departmentalization is where the organization’s activities are ready to respond to and interact with specific customers or customer groups.

This organizational form is used when great emphasis is placed on effectively serving different customer types.

If Southeastern Bank organizes its loan operation based on customers group, this will allow Southeastern Bank to better serve borrowers with different needs by offering customized loan arrangements according to the customers preferences.

Advantages of customer departmentalization

Encourages concentration on customer needs.

Gives customers feeling that they have an understanding supplier (banker).

Develops expertness in the customer area.

Saves customers’ time.

3 0

3 years ago

Ivanhoe Diesel owns the Fredonia Barber Shop. He employs 5 barbers and pays each a base rate of $1,380 per month. One of the bar

ANTONII [103]

Answer:

Fredonia Barber Shop

a. Variable costs per haircut = $4.40

Total monthly fixed costs = $8,910

b. Break-even point in units = 1,350

Break-even point in sales dollars = $14,850

Net income with 1,670 haircuts = $2,120

Explanation:

a) Data and Calculations:

Fixed costs:

Wages of barbers per month = $6,900 ($1,380 * 5)

Manager's allowance per month = $535

Advertising per month = $270

Rent per month = $1,010

Utilities per month = $160

Magazines per month = $35

Total fixed costs per month = $8,910

Ivanhoe currently charges $11 per haircut.

Variable costs per haircut:

Commission per haircut = $3.75

Barber supplies per haircut = $0.50

Utilities per haircut = $0.15

Total variable costs per unit $4.40

Contribution margin per haircut = $6.60 ($11 - $4.40)

Contribution margin ratio = 0.6

Break-even point in units = $8,910/$6.60 = 1,350

Break-even point in sales dollars = $8,910/0.6 = $14,850

Net income assuming 1,670 haircuts for a month:

Sales revenue = $18,370 ($11 * 1,670)

Variable costs = 7,340 ($4.40 * 1,670)

Contribution $11,030

Fixed costs 8,910

Net income $2,120

8 0

3 years ago

Outstanding stock of the West Corporation included 40,000 shares of $5 par common stock and 10,000 shares of 5%, $10 par non-cum

Assoli18 [71]

Answer:

Dividend paid = (5%× 10,000 × $10) = $5000.

Explanation:

Preference shares entitles the holders to participate in a fixed dividend out of the profit made by the company. The divide is always a fixed percentage of the nominal value of the preference shares

It can be cumulative and non-accumulate.

Cumulative simply implies that should the company misses the payment of dividend in a particular year such unpaid dividend would be carried carried forward and paid in arrears in the following year/

Non-cumulative is the exact opposite of the case . Here, unpaid dividends are not paid in arrears in fact such are forfeited for life.

Dividend in Year 1

Dividend paid in Year 1 was $ 4000 but ought to be $5,000 (5%× 10,000 × $10). An arrear of $1000

Dividend in Year 2

Dividend paid = (5%× 10,000 × $10) = $5000.

Note that the unpaid dividend of $1,000 in year 1 is lost forever

3 0

3 years ago

If a store adds 50 chairs to its current inventory, the total number of chairs will be the same as three-halves the current inve

max2010maxim [7]

To answer this item, we let x be the current number of chairs. After adding 50 chairs to the current inventory, the total number of chairs would then be equal to x + 50. The equation that would allow us to determine the value of x is written below.

x + 50 = (3/2)(x)

Simplifying the equation,
x + 50 = 3x/2
x - 3x/2 = -50
-x/2 = -50

Dividing both sides of the equation by -1/2, the value of x is equal to 100.

To increase the inventory by 40%, the equation would be,
y = x(1.4) = 1.4(100) = 140

ANSWER: 140 chairs

8 0

3 years ago

A company switched from the cash basis to the accrual basis for recognizing warranty expense. The unrecorded liability for warra

Murrr4er [49]

Answer:

Report a prior period adjustment decreasing retained earnings by $1,365,000.

Explanation:

Going by the question we can derive that $2,100,000 is the prior period's warranty. Consequently, it will be charged to the current year's earnings following the deduction of tax, 35%.

(2,100,000 *65) /100 = $1,365,000

This above calculation is so because Under the accrual basis of accounting...operating expense are reported on the income statement in the particular period when they took place or when they expire

4 0

3 years ago

Read 2 more answers

A gain or loss may be incurred if the sale or trade of an asset is greater than or less than the __________ value of the asset.