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The Kelsh Company has two divisions--North and South. The divisions have the following revenues and expenses: North South Sales $1,050,000 $965,000 Variable expenses 517,500 345,000 Traceable fixed expenses 350,000 285,000 Allocated common corporate expenses 255,000 205,000 Net operating income (loss) $(72,500) $130,000 Management at Kelsh is pondering the elimination of North Division. If North Division were eliminated, its traceable fixed expenses could be avoided. The total common corporate expenses would be unaffected. Given these data, the elimination of North Division would result in an overall company net operating income?
A company issues $20,000,000, 7.8%, 20-year bonds to yield 8% on January 1, 2007. Interest is paid on June 30 and December 31. The proceeds from the bonds are $19,604,145. What is interest expense for 2008, using straight-line amortization?
When a corporation distributes property to its shareholders, it: A) may recognize either gain or loss. B) may recognize gain, but never a loss. C) may recognize a loss, but never a gain
How much should the National Credit Union invest in municipal bondsso as to maximize its return on investment? What is the maximal return on investment?
A supplies account has a balance of $810 at the beginning of the year and was debited during the year for $1,950, If $650 of supplies are on hand at the end of the year, the supplies expense to be reported on the income statement for the year woul..
Should Motley Systems be required to submit cost or pricing data? Why?
body of weigh 6 grams if placed on one pan and 24 grams when placed on the other pan of a defective beam balance
chandler ltd. estimates sales for the second quarter of 2014 will be as follows.monthunitsapril2540may2450june2390the
schneider company uses installment sales method. below is a summary of its sales cost of goods sold and gross profit
lakeside tours operates a large number of tours throughout the united states. a study has indicated that some of the
bella company has beginning inventory of 2000 dvd players.bella estimates it will sell 10000 units during the first
an investor has a 2-stock portfolio with 50000 invested in palmer manufacturing and 50000 in nickles corporation.
An employer having an experience based unemployment tax rate of 3.2% in a state having a standard unemployment tax rate of 5.4% may take a credit against a 6.2% federal unemployment tax rate of
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