24. The Milham Corporation has two divisions—North and South. The divisions have the following revenues and expenses: North South Sales $540,000 $880,000 Variable costs $250,000 $550,000 Contribution Margin $290,000 $330,000 Traceable fixed costs $250,000 $80,000 Allocated common corporate costs $100,000 $50,000 Net operating income (loss) ($60,000) $200,000 Management at Milham is considering the elimination of the North Division. If the North Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected. Given these data, the elimination of the North Division would result in an increase or decrease to net operating income of:

The owners of spokes bicycle shop worry that cash flow this winter may be insufficient to meet the current operating expenses. while they anticipate a surplus of cash inflow as warm weather approaches, they need funds now to meet the company's immediate obligations. the owners can best resolve cash flow concerns by obtaining financing.

On february 3, smart company sold merchandise in the amount of $5,800 to truman company, with credit terms of 2/10, n/30. the cost of the items sold is $4,000. smart uses the perpetual inventory system and the gross method. truman pays the invoice on february 8, and takes the appropriate discount. the journal entry that smart makes on february 8 is:

Annuity payments are assumed to come at the end of each payment period (termed an ordinary annuity). however, an exception occurs when the annuity payments come at the beginning of each period (termed an annuity due). what is the future value of a 13-year annuity of $2,800 per period where payments come at the beginning of each period? the interest rate is 9 percent. use appendix c for an approximate answer, but calculate your final answer using the formula and financial calculator methods. to find the future value of an annuity due when using the appendix tables, add 1 to n and subtract 1 from the tabular value. for example, to find the future value of a $100 payment at the beginning of each period for five periods at 10 percent, go to appendix c for n = 6 and i = 10 percent. look up the value of 7.716 and subtract 1 from it for an answer of 6.716 or $671.60 ($100 × 6.716)