Fanning Transport Company divides its operations into four divisions. A recent income statement for its West Division follows. FANNING TRANSPORT COMPANY West Division Income Statement for Year 3 Revenue $ 550,000 Salaries for drivers (400,000 ) Fuel expenses (55,000 ) Insurance (75,000 ) Division-level facility-sustaining costs (45,000 ) Companywide facility-sustaining costs (135,000 ) Net loss $ (160,000 ) Required By how much would companywide income increase or decrease if West Division is eliminated

Match the vocabulary word to the correct definition. 1. compensation 2. corporate social responsibility 3. discrimination 4. benefits 5. biodegradable a. a business’s obligation to the community and the environment b. the ability to naturally break down or decompose c. treating someone differently because of his or her race, religion,gender, sexual orientation, or disabilities d. indirect and non-cash compensation paid to employees e. the salary and other benefits for doing a job

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value

For the year ended december 31, a company has revenues of $323,000 and expenses of $199,000. the company paid $52,400 in dividends during the year. the balance in the retained earnings account before closing is $87,000. which of the following entries would be used to close the dividends account?