Jones company has the following data for one of the chair models. this information is for the deluxe chair model: sales $100,000 variable costs 80,000 contribution margin 20,000 fixed costs 30,000 operating income (loss) $(10,000) assume that if the deluxe chair model is dropped, there would be a savings of 60% of the current fixed costs. if the deluxe model chair is dropped from the product line, the company’s overall net income would increase or decrease by how much?

At the end of the week, carla receives her paycheck and goes directly to the bank after work to make a deposit into her savings account. the bank keeps the required reserve and then loans out the remaining balance to a qualified borrower named malik as a portion of his small business loan. malik uses the loan to buy a tractor for his construction business and makes small monthly payments to the bank to payback the principal balance plus interest on the loan. the bank profits from a portion of the interest payment received and also passes some of the interest back to carla in the form of an interest payment to her savings account. in this example, the bank is acting

Why should managers invest any excess cash

Read the following paragraph, and choose the best revision for one of its sentences.dr. blake is retiring at the end of the month. there will be an unoccupied office upon his departure, and it is big in size. because every other office is occupied, we should convert dr. blake’s office into a lounge. it is absolutely essential that this issue is discussed at the next staff meeting. (a) because every other office is occupied, it’s recommended that we should convert dr. blake’s office into a lounge. (b) because every other office is filled, we should convert dr. blake’s office into a lounge.