What would be the effect on net income

Assignment Help Accounting Basics
Reference no: EM132084061

Question - The luggage department of Sampson Company has revenues of $1,000,000; variable expenses of $250,000; direct fixed costs of $500,000; and allocated, indirect fixed costs of $300,000 in an average year. If the company eliminates this department, what would be the effect on net income?

Reference no: EM132084061

Questions Cloud

Implementing diagnostic tools when dealing with change : Totally agree with the concept of implementing diagnostic tools when dealing with change.
Discuss principal reasons why project management : Discuss the principal reasons why project management has become such a popular business tool in recent years.
How many units must the company produce : The Strand Company has estimated that sales for next quarter would be 30,000 units. How many units must the company produce
Engaging picture for the future of that organization : Find a vision statement that provides an engaging picture for the future of that organization
What would be the effect on net income : The luggage department of Sampson Company has revenues of $1,000,000; What would be the effect on net income
Identify how to address potential situational crime : Outline how to address the shrinkage and loss. Identify how to address potential situational crime.
Productivity does not change : Productivity does not change if. find and upload an article on ONE of the following topics and discuss it's significance by Monday at midnight.
Bank pays an annual simple interest : What will be the balance in a bank account after three years if a man deposits in the account 10,000 and the bank pays an annual simple interest of 10%
What is the maximum price per unit that gopherit should pay : Assuming equal quality and availability, what is the maximum price per unit that Gopherit Corporation should pay to buy the part rather than make it

Reviews

Write a Review

Accounting Basics Questions & Answers

  How should vivian and melvin record these transactions

As of December 31, year 2, Melvin still has not transferred title to the building, although it received title to boat. How Vivian and Melvin record transactions

  Prepare general journal entrie

Prepare general journal entries for the following transactions of a new company called Pose for Pics.

  Mjjm inc has four equal shareholders who are unrelated each

mjjm inc. has four equal shareholders who are unrelated. each shareholder owns 300 shares of the common stock of mjjm

  What is the controversy concerning clinton emails

What is the controversy concerning Clinton's emails? Where were Clinton's emails stored? Are they backed up? What two companies were involved?

  Zack is a farmer who buys his feed and fertilizer from a

zack is a farmer who buys his feed and fertilizer from a farmers cooperative. in 2011 zack purchased 300000 in feed and

  What is the responsibility of internal audit

What is the responsibility of Internal Audit in reference to Governance and Risk Management as detailed in the IIA Standards

  Prepare reports in responsibility system for plant manager

The Dallas plant manager's office costs were $97,530 actual and $93,440 budget. Prepare the reports in a responsibility system for The plant manager-Dallas

  Assuming a company uses the indirect method to report cash

assuming a company uses the indirect method to report cash flows from operating activities indicate where each of the

  Briefly explain the cash flow statement

Briefly explain the Cash Flow Statement. Which financial statement contains Assets, liabilities and stockholder's equity

  Draw the total costs line on the scatter diagram

Alden Co.'s monthly sales and cost data for its operating activities of the past year follow. Management wants to use these data to predict future fixed.

  Evaluate the roles in the company to detect fraud

Evaluate the roles and responsibilities in the company to prevent and detect fraud, indicating how a culture of integrity can be created within these roles.

  Compute the break-even point in units and dollars

Determine the variable cost per haircut and the total monthly fixed costs. Compute the break-even point in units and dollars. Determine net income, assuming 1,900 haircuts are given in a month.

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