The Federal Age Discrimination in Employment Act prohibits employers from discriminating against people 55 to 70 years of age

Which of the following best describes trend analysis?

A) calculating key ratios to evaluate performance B) expressing each financial statement amount as a percentage of a budgeted amount C) comparing a company's financial statements with that of other companies D) expressing each year's financial statement amounts as a percentage of the base year amounts

Valuable Electronics uses a standard part in the manufacture of different types of radios

The total cost of producing 42,000 parts is $100,000, which includes fixed costs of $40,000 and variable costs of $60,000. The company can buy the part from an outside supplier for $1 per unit and avoid 20% of the fixed costs. Assume that the company can use the freed manufacturing space to make another product that can earn a profit of $16,000. If Valuable outsources, what will be the effect on operating income? A) increase of $42,000 B) decrease of $42,000 C) decrease of $8,000 D) increase of $16,000