Homework Answers
Statement showing cost benefit analysis of closure of division X
| Loss of Sales Revenue from Division X | ($96,200) |
| Add - Savings in Variable cost From Division X ($70,000+$15,000) | $85,000 |
| Add - Savings in fixed cost From Division X (Seen note) | Nil |
| Total Benefits/( loss) From Closure of Division X | ($11,200) |
Decision -
If division X is shut down, then the company will lose a net income of $11,200.
Hence, Division X Should not be closed.
Note
Fixed cost of X Will Continue to occur in future irrespective of whether Department x is closed or not.Hence Fixed cost of X are irrelevant for decision making
You are a consultant for an Altruistic Management Consultants Inc. You have to meet a client...
You are a consultant for an Altruistic Management Consultants Inc. You have to meet a client that wants to create small plants closer to their manufacturer. You are charged with comparing a large and small business for planning, respectively. You find out that large companies have formal written objectives versus the smaller companies that commonly have informal objectives and plans that are not written down. How should begin your presentation to your senior manager?
Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the...
Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances at the end of the current year. Depreciation Expense Accumulated Depreciation Salaries Payable 10,000 22.100 31,650 Cash Supplies Expenses Supplies 163,000 25,050 14,200 Salaries Expense Prepaid Expenses Interest Expense 1,810,000 12,200 19.2001 Accounts Receivable Consulting Fees Revenue Retained Earnings 235,400 2.664 200 Income Taxes Payable Travel Expense Buildings and Equipment 3.430 27,990 643,040 Gain on Sale of Land Utilities Expense 31,230...
Assume that you are the accountant for Computer Consultants. Prior to this year, Computer Consultants operated...
Assume that you are the accountant for Computer Consultants. Prior to this year, Computer Consultants operated out of a leased office. However, the company purchased its own office building this year. The building is in an area where real estate values have been increasing an average of 6 percent per year. The owner of Computer Consultants has asked why you recorded depreciation on the building if real estate values are appreciating. Write a response to the owner explaining why depreciation...
Geraldine Consultants, Inc. is considering a project that has the following cash flows: Year Cash Flow...
Geraldine Consultants, Inc. is considering a project that has the following cash flows: Year Cash Flow 0 -$1,000 1 400 2 300 3 500 4 400 The company's WACC is 10%. What are the project's payback, internal rate of return, and net present value? Select one: a. Payback = 2.6, IRR = 21.22%, NPV = $300. b. Payback = 2.4, IRR = 21.22%, NPV = $260. c. Payback = 2.6, IRR = 24.12%, NPV = $300. d. Payback = 2.4,...
What level is qualitative research? Is it worthy of being incorporated into a body of evidence...
What level is qualitative research? Is it worthy of being incorporated into a body of evidence that supports practice change?
Part 1: Katy McCall opens a tax consulting business called Horizon Consultants Inc. and completes the...
Part 1: Katy McCall opens a tax consulting business called Horizon Consultants Inc. and completes the following transactions in March: March 1: As a sole shareholder, McCall invested $125,000 cash along with $45,000 of office equipment in the company. March 2: Horizon Consultants Inc. completed services for a client and immediately received $4,000 cash. March 3: Horizon made credit purchases for office equipment for $1,500 and office supplies for $2,100. Payment is due within 10 days. March 6: Horizon Consultants Inc....
Part 1: Katy McCall opens a tax consulting business called Horizon Consultants Inc. and completes the...
Part 1: Katy McCall opens a tax consulting business called Horizon Consultants Inc. and completes the following transactions in March: March 1: As a sole shareholder, McCall invested $125,000 cash along with $45,000 of office equipment in the company. March 2: Horizon Consultants Inc. completed services for a client and immediately received $4,000 cash. March 3: Horizon made credit purchases for office equipment for $1,500 and office supplies for $2,100. Payment is due within 10 days. March 6: Horizon Consultants Inc....
1. To achieve revenue targets, S Corporation starts selling to customers that are not credit worthy....
1. To achieve revenue targets, S Corporation starts selling to customers that are not credit worthy. Which Controls or substantive audit procedure (the most important), if properly performed, could have discovered this on a timely basis? 2. From a financial statement perspective, why does a company need to have internal controls? 3. Control risk is the risk that the internal control will fail to prevent or detect material misstatements. There are three potential circumstances that can give rise to this...
All of the whove This war e interest being worthy of honor and respect from others...
All of the whove This war e interest being worthy of honor and respect from others Respect Genuine interest Sympathy shta medical assistant prove technical skills to a potential employer? Using the practicum skills checklist Using a portfolio Job advertisement d. All of the above A and B How mish What would be potential transferable skills for a medical assistant? a. Customer service b. Time management and prioritizing skills c. Strong communication and listening skills d. Leadership skills c. All...
George Jefferson established a trust fund that provides $175,500 in scholarships each year for worthy students....
George Jefferson established a trust fund that provides $175,500 in scholarships each year for worthy students. The trust fund earns a 4 percent rate of return. How much money did Mr. Jefferson contribute to the fund assuming that only the interest income is distributed? $7,020,000 $4,387,500 $4,212,000 $3,096,873 $5,265,000
Paige Consultants, Inc., provides marketing research for clients in the retail industry. The company had the following unadjusted balances at the end of the current year. Depreciation Expense Accumulated Depreciation Salaries Payable 10,000 22.100 31,650 Cash Supplies Expenses Supplies 163,000 25,050 14,200 Salaries Expense Prepaid Expenses Interest Expense 1,810,000 12,200 19.2001 Accounts Receivable Consulting Fees Revenue Retained Earnings 235,400 2.664 200 Income Taxes Payable Travel Expense Buildings and Equipment 3.430 27,990 643,040 Gain on Sale of Land Utilities Expense 31,230...
All of the whove This war e interest being worthy of honor and respect from others Respect Genuine interest Sympathy shta medical assistant prove technical skills to a potential employer? Using the practicum skills checklist Using a portfolio Job advertisement d. All of the above A and B How mish What would be potential transferable skills for a medical assistant? a. Customer service b. Time management and prioritizing skills c. Strong communication and listening skills d. Leadership skills c. All...
Most questions answered within 3 hours.
-
Assume one of your finals has 50 questions on it, and
lucky for you, it's all...
asked 59 minutes ago -
Rice Products in Bangladesh
Business behavior is derived in large part from the basic cultural
environment...
asked 2 hours ago -
The following base sequence is found for a mRNA fragment from
wild-type E. coli: 5'- UAUCAGUAGAUAAUGUAACC-3'...
asked 2 hours ago -
For this exercise, round all regression parameters to three
decimal places.
One of the two tables...
asked 3 hours ago -
What is the 5% level of significance for mean = 3.60, standard
deviation = 0.94, and...
asked 3 hours ago -
Prior to beginning work on this discussion, please read the
article by Hayley Peterson, 15 Companies...
asked 3 hours ago -
Which pair of aqueous solutions, when mixed, will form a
precipitate?
A) NaNO3 and AgC2H3O2
B)...
asked 3 hours ago -
1-Write an algorithm to get two numbers from the user (as
inputs) and calculate the sum...
asked 7 hours ago -
Define white-collar crime. What is the difference between
offender and offense-based definitions of white-collar crime? What...
asked 7 hours ago -
Consider a reaction which is 1st order with respect to A and 1st
order with respect...
asked 8 hours ago -
c++
The length of the hypotenuse of a right-angled triangle is the
square root of the...
asked 8 hours ago -
When a metal rod is heated, not only its resistance but also its
length and crossâsectional...
asked 8 hours ago