On the basis of the following data the general manager of

Assignment Help Accounting Basics
Reference no: EM13581137

On the basis of the following data, the general manager of Glide Shoes Inc. decided to discontinue Children's Shoes because it reduced income from operations by $25,000.What is the flaw in this decision if it is assumed fixed costs would not be materially affected by the discontinuance?

Reference no: EM13581137

Questions Cloud

Bsu inc wants to purchase a new machine for 35500 excluding : bsu inc. wants to purchase a new machine for 35500 excluding 1400 of installation costs. the old machine was bought
Having high sccounts recievable balances can definately be : having high sccounts recievable balances can definately be a risk for companies especially in todays economy. even
Wendells donut shoppe is investigating the purchase of a : wendells donut shoppe is investigating the purchase of a new 15752 donut-making machine. the new machine would permit
Reed companys sales last year totaled 167000 and its return : reed companys sales last year totaled 167000 and its return on investment roi was 16.80. if the companys turnover was
On the basis of the following data the general manager of : on the basis of the following data the general manager of glide shoes inc. decided to discontinue childrens shoes
From past experience the company has learned that 20 of a : silver company makes a product that is very popular as a mothers day gift. thus peak sales occur in may of each year as
Struggling in my accounting class amp professor will not : struggling in my accounting class amp professor will not respond to my e-mails or several of my classmates . taking
In january brodie co purchased a new machine costing : in january brodie co. purchased a new machine costing 324000 with a five year life and a salvage value of 30000.
Department a had 4251 units in work in process that were 74 : department a had 4251 units in work in process that were 74 completed as to labor and overhead at the beginning of the

Reviews

Write a Review

Accounting Basics Questions & Answers

  Star services inc a manufacturer of telescopes began

star services inc. a manufacturer of telescopes began operations on october 1 of the current year. during this time the

  The following data pertain to activity and costs for two

the following data pertain to activity and costs for two recent monthsoctobernovemberactivity level in

  The following data relate to direct materials costs for

the following data relate to direct materials costs for november actual costs 4700 pounds at 5.40 standard costs 4500

  Prepare the journal entry to adjust the bonds to their fair

federal semiconductors issued 10 bonds dated january 1 with a face amount of 870 million on january 1 2013. the bonds

  Draw a cvp chart for the company

The company's annual fixed costs are $1,125,000. (1) Use this info to compute the company's (a) contribution margin, (b)contribution margin ratio, (c)break-even point in units, and (d) break even point in dollars of sales. (2) Draw a CVP chart for..

  Journal entry to record the lease

Company has assets of $1,800,000, liabilities of $1,100,000 and stockholder's equity of $700,000. (a) prepare the journal entry to record the lease, and (b) compute the and comment on the debt to total assets ratio at the year-end.

  Six steps of accounting analysis

Know the six steps of accounting analysis. Understand some of the key issues which are considered important for analysing firms in the biotechnology industry.

  Microsoft corporation reports its investments

microsoft corporation reports its investments available-for-sale at the fair value of the investment securities. the

  Confidence in the estimated cost of equity

If all of the methods produce similar results, then decision makers can have more confidence in the estimated cost of equity. Why do you think this is a correct statement?

  The four main behavioral considerations in management

the four key behavioral considerations in management accounting and control system design include all of the following

  Gain or loss on repossession

At that time, it was estimated that the dining room set could be sold for $2,400 as repossessed, or for $3,000 if the company spent $300 reconditioning it. The gross profit rate on this sale was 70%. The gain or loss on repossession was a

  Kody corporation uses a job-order costing system

Kody Corporation uses a job-order costing system with a plantwide overhead rate based on machine-hours

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd