After reviewing financial reports of her company's daycare service, Camila determines it should be closed due to a loss.$120965Variable costs$47970Traceable (avoidable) fixed costs$70687Allocated corporate overhead$45828What would be the impact to net income of closing the daycare? State loss as negative, gain as positive. Round only your finalanswer to the nearest dollar.Revenues

Net loss or income is calculated by substracting cost from revenue. avoidable fixed cost are those…

Answered: After reviewing financial reports of…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A company sells gift baskets for $145.00. The cost to their business for the item is $56.00 with expenses of 33% of the cost. During a clearance sale they sell the baskets at a reduced price of $89.00. Determine the profit or loss resulting from selling the baskets at this clearance price. Question 5 options: loss of $70.52 loss of $14.52 profit of $14.52 loss of $ 33.00
Pick one answer: Brian is trying to analyze his income and expenses for the past week. He comes across an invoice from the local parts store for a circuit board for a Carrier furnace. He knows he needed the part to fix Mrs. Crow's furnace last week. What type of an expense is the circuit board? Indirect expense Direct Expense Fixed expense Overhead expense
please choose between decutible and nondeductible expense for each question
not asking for help with the site, trying to use excel solver to answer the questions
Kory operates a sporting goods store. His records indicate that he had sales of $78,000. Customers return $1500 worth of sporting goods because of various defects. His cost of goods sold was $19,000. What is Kory's Schedule C (Form 1040) gross income? Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
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CUI... All Branches - Fall 2020/21.. A Saved Help Save & Exit Submit Douglas Noel went to Home Depot and bought eight doors at $43.19 each and eight bags of fertilizer at $8.70 per bag. (Round your answers to 2 decimal places.) What was the total cost to Douglas? a. Total cost :14 b. If Douglas had $450 in his pocket, what does he have left to spend? Balance cost Next > < Prev 4 of 10 08:07 e O ENG

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