Answer:
decrease by 305,000 dollars
Explanation:
Sales 3,300,000
Variavle cost:
materials 710,000
labor 760,000
overhead 560,000
S&A <u> 330,000 </u>
total (2,360,000)
contribution 940,000
<u>fixed cost:</u>
tracable <u> (635,000)</u>
operating income 305,000
allocated <u> (560,000)</u>
net (255,000
The canoes division absorbs 305,000 of the common fixed cost
If discountinued the company as a whole will see their net income decreases by this amount. In the short run, the company should only discontinued a project or division when it is not able to afford their own cost. That is not the case, canoes division afford their own cost is the allocated from other activities of the company that generates this loss.
Answer:
The journal entries are as follows:
(i) On January 1, 2018
Equipment A/c Dr. $10,000
To cash A/c $10,000
(To record the purchase of equipment)
(ii) On December 31st,
Depreciation expense A/c Dr. $1,800
To Accumulated depreciation - equipment $1,800
(To record the accumulated depreciation on equipment for the year 2018 under the straight line method)
Workings:
Depreciation:
= (Cost of the equipment - Salvage value) ÷ Useful life
= ($10,000 - $1,000) ÷ 5
= $9,000 ÷ 5
= $1,800
Answer:
A) formal institutional frameworks erected by the host-country government.
Explanation:
In this case, Wales is considered the host country since Widget Corp.'s home country is Lithuania. Taxes imposed by governments are institutional frameworks, they are not informal rules of the game.
The taxes imposed by Wales are called import tariffs and they are used to increase the price of imported goods and services.
Answer:
ok so i think that # 1 is A and # 2 is D
Answer:
Journal Entries
1) Debit Salaries Expense $6,667 Credit Bank $6,667
2) Debit Fuel and Maintenance expense $600, Credit Bank $600
3) Debit Depreciation Expense $amount Credit Accumulated depreciation $amount
4) Debit Insurance Expense $amount Credit Bank $amount
5) Debit Benefit Expense $amount Credit Accrued Benefit Expense $amount
6) Debit Accounts Receivable ( total of all trips) $amount Credit Service Revenue $amount
Explanation:
The Question is incomplete but i will do the typical journal entries to the transactions without figures.
1) The salaries are for one month and in brackets there is a $80,000*1/12 calculation meaning the $80,000 is for the year, now if it was already recorded then we debit salaries payable $6,667 credit bank $6,667
4) Insurance expense is debited if it is paid as it is incurred but if it has an Prepaid insurance account then we credit the Prepaid insurance account instead of Bank.