Business, 14.04.2020 16:00 edandjill24

1. Silver Gym had two different kinds of business under operation. One kind of business was discontinued and sold at a gain. How should this gain be reported? A. As "extraordinary gain." B. As "gain from discontinued operation" C. Both of the above D. None of the above. 2. The Robinson suffered damage from a hurricane and had a loss of $10,000. Assuming a tax rate of 10%, what is the effect the loss net-of-tax? A. $1,000 gain B. $9,000 gain C. $11,000 gain D. $9,000 loss. 3. A company had Service Revenue of $120,000, wages expense of $40,000, interest revenue of $3,000, loss on discontinued operations of $12,000, and a tax rate of 20%. What is the amount of income from continuing operations (After tax)? A. $56,800 B. $60,000 C. $66,400 D. $83,000 E. 80,000

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 01:50

Atlas manufacturing produces a unique valve, and has the capacity to produce 50,000 valves annually. currently atlas produces 40,000 valves and is thinking about increasing production to 45,000 valves next year. what is the most likely behavior of total manufacturing costs and unit manufacturing costs given this change? a. total manufacturing costs will increase and unit manufacturing costs will also increase. b. total manufacturing costs will stay the same and unit manufacturing costs will stay the same. c. total manufacturing costs will increase and unit manufacturing costs will decrease. d. total manufacturing costs will increase and unit manufacturing costs will stay the same.

Answers: 1

Answer

Business, 22.06.2019 02:00

Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?

Answers: 2

Answer

Business, 22.06.2019 08:40

Mcdonald's fast-food restaurants have a well-designed training program for all new employees. each new employee is supposed to learn how to perform standardized tasks required to maintain mcdonald's service quality. due to labor shortages in some areas, new employees begin work as soon as they are hired and do not receive any off-the-job training. this nonconformity to standards creates

Answers: 2

Answer

Business, 22.06.2019 08:50

Suppose that in an economy the structural unemployment rate is 2.2 percent, the natural unemployment rate is 5.3 percent, and the cyclical unemployment rate is 2 percent. the frictional unemployment rate is percent and the actual unemployment rate (in this economy) is percent.

Answers: 2

Answer

You know the right answer?

1. Silver Gym had two different kinds of business under operation. One kind of business was disconti...

Questions