This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Channing Company is a large internet retailer with fulfillment warehouses in numerous locations ... (Read 14 times)

kmcolvin

  • Full Member
  • ***
  • Posts: 140
on: Feb 5, 2023
Channing Company is a large internet retailer with fulfillment warehouses in numerous locations throughout the U.S. One of Channing's warehouses has been showing losses over several quarters, and management is considering closing the warehouse. If the warehouse is closed, only the warehouse manager will be retained by Channing. The warehouse manager's annual salary is $65,000. The warehouse fixtures and equipment have no resale value. Following is the most recent income statement for the warehouse:

Sales$1,440,000
Less: Variable expenses1,040,000
Contribution margin400,000
Less: Fixed expenses​
    Wages329,800
    Insurance on inventory31,200
    Depreciation on fixtures21,600
    Advertising     36,000
Operating income$  (18,600)

What will be the impact on Channing's overall operating income if the warehouse is eliminated?
◦ Increase by $18,600 per year
◦ Increase by $46,400 per year
◦ Decrease by $68,000 per year
◦ Decrease by $86,600 per year
Managerial Accounting ¦ Davis ¦ 4th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kmcolvin on Feb 5, 2023

hariet5

  • Full Member
  • ***
  • Posts: 157
Reply #1 on: Feb 5, 2023
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 35% of students answer this correctly


kmcolvin

  • Member
  • Posts: 140
Reply 2 on: Feb 5, 2023
Excellent

kishoreddi

  • Member
  • Posts: 329
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Opium has influenced much of the world's most popular literature. The following authors were all opium users, of varying degrees: Lewis Carroll, Charles, Dickens, Arthur Conan Doyle, and Oscar Wilde.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Fatal fungal infections may be able to resist newer antifungal drugs. Globally, fungal infections are often fatal due to the lack of access to multiple antifungals, which may be required to be utilized in combination. Single antifungals may not be enough to stop a fungal infection from causing the death of a patient.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Large Munsterländer Large Munsterländer
Although large, the cougar is more closely related to smaller felines. Although large, the cougar is more closely related to smaller felines.
Alligators are apex predators capable of killing large terrestrial prey. This large AAmerican alliga Alligators are apex predators capable of killing large terrestrial prey. This large AAmerican alliga
A strike by 800 women shoemakers in Lynn, Massachusetts, in 1860. In 1851 a Lynn shoemaker had adapt A strike by 800 women shoemakers in Lynn, Massachusetts, in 1860. In 1851 a Lynn shoemaker had adapt
Industrial and transport sources are responsible for a large proportion of global GHG emission Industrial and transport sources are responsible for a large proportion of global GHG emission
Mean Monthly Temperatures for Two Locations in Canada Mean Monthly Temperatures for Two Locations in Canada
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library