Toxemia salsa company manufactures five flavors of salsa. last year, toxemia generated net operating income of $40,000. the following information was taken from last year's income statement segmented by flavor (brackets indicate a negative amount): wimpy mild medium hot atomiccontribution margin $(2000) $45,000 $35,000 $50,000 $162,000segment margin $(16,000) $(5000) $7000 $10,000 $94,000segment margin less allocated common fixed expenses $(26,000) $(15,000) $(3000) $0 $84,000toxemia expects similar operating results for the upcoming year. if toxemia wants to maximize its profitability in the upcoming year, which flavor or flavors should toxemia discontinue? a. no flavors should be discontinued b. wimpy c. wimpy and mild d. wimpy, mild, and medium

Danny "dimes" donahue is a neighborhood's 9-year-old entrepreneur. his most recent venture is selling homemade brownies that he bakes himself. at a price of $2 each, he sells 100. at a price of $1.5 each, he sells 300. instructions: round your answer to 1 decimal place. a. what is the elasticity of demand? 3.50 â± 0.1 . b. is demand elastic or inelastic over this price range? . c. if demand had the same elasticity for a price decline from $1.5 to $1 as it does for the decline from $2 to $1.5, would cutting the price from $1.5 to $1 increase or decrease danny's total revenue? .

As manager of kids skids, meghan wants to develop her relationship management skills. in order to do this, she learns how to

Eliminating entries (including goodwill impairment) and worksheets for various years on january 1, 2013, porter company purchased an 80% interest in the capital stock of salem company for$850,000. at that time, salem company had capital stock of $550,000 and retained earnings of $80,000.differences between the fair value and the book value of the identifiable assets of salem company were asfollows: fair value in excess of book valueequipment$130,000land65,000inventory40,000the book values of all other assets and liabilities of salem company were equal to their fair values onjanuary 1, 2013. the equipment had a remaining life of five years on january 1, 2013. the inventory was sold in2013.salem company’s net income and dividends declared in 2013 and 2014 were as follows: year 2013 net income of $100,000; dividends declared of $25,000year 2014 net income of $110,000; dividends declared of $35,000required: a.prepare a computation and allocation schedule for the difference between book value of equity acquired andthe value implied by the purchase price.b.present the eliminating/adjusting entries needed on the consolidated worksheet for the year endeddecember 31, 2013. (it is not necessary to prepare the worksheet.)lo6lo1