Delta Corp is considering discontinuing Product Line Z. Annu…

Delta Corp is considering discontinuing Product Line Z. Annual costs associated with Product Line Z include: Allocated corporate overhead: $45,000 Product manager salary (eliminated if line discontinued): $65,000 Avoidable direct costs: $120,000 Depreciation on equipment used only for Product Line Z with no resale value: $25,000 What is the total amount of RELEVANT costs that would be eliminated if Product Line Z is discontinued?

Summit Retailers reported the following for 2024: Sales: $5…

Summit Retailers reported the following for 2024: Sales: $500,000 Beginning Merchandise Inventory: $45,000 Purchases: $280,000 Ending Merchandise Inventory: $38,000 Operating Expenses: $125,000 Using the traditional format income statement, what is the Gross Profit?