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Lion Corporation manufactures several types of accessories. For the year, the gloves and mittens line had sales of $500,230, variable expenses of $372,460, and fixed expenses of $141,670. Therefore, the gloves and mittens line had a net loss of $13,900. If Lion eliminates the line, $38,710 of fixed costs will remain. Prepare an analysis showing whether the company should eliminate the gloves and mittens line. (If answer is zero, please enter 0. Do not leave any fields blank. If amount decreases the income, use either a negative sign preceding the number e.g. -45 or parentheses e.g. (45). Enter all cost amounts in columns "Continue" and "Eliminate" as positive amounts and subtract where necessary.)
Continue
Eliminate
Increase (Decrease)
1.What is the elimination for:
2.What is the net income for all.
record the following transactions both budgetary and actual entries in the general ledger of a cpf of santiago county.
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The remainder is uncollectible. The following are budgeted sales data: January $60,000-February $70,000-March 50,000-April 30,000 - What would April's total cash receipts be ??
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In each case, compute the amount that should be reported in the operating activities section of the statement of cash flows under the direct and indirect method.
Compare and contrast how production analysis is performed and capable to evaluate production situations using economy of scale, elasticity and other analytic tools.
Why is the audit of cash an important part of the audit? why is the cash account important to the decisions of investors and creditors?
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