FM_Project2

The monthly income statement for Jordan Stores is given below:   1st Branch   2nd Branch   Total   Sales ₱ 1,200,000    ₱ 800,000   ₱ 2,000,000   Less: Variable Expenses 840,000    360,000   1,200,000   Contribution Margin ₱ 0,360,000    ₱ 440,000   ₱ 0,800,000   Less: Traceable Fixed Expenses 210,000    180,000   390,000   Segment Margin ₱ 0,150,000    ₱ 260,000   ₱ 0,410,000   Less: Common Fixed Expenses 180,000    120,000   300,000   Profit (Loss) ₱ 0,( 30,000 )  ₱ 140,000   ₱ 0,110,000   What will be the new company profit (loss) if 1st Branch is eliminated? Show solution Group of answer choices ₱ ( 040,000  ₱ 0( 40,000 ) ₱ ( 140,000  ₱ ( 250,000 )

Q6

The following date relates to Your Company: Total Store 1 Store 2 Sales $2,100,000 $1,300,000 $800,000 VC $1,065,000 $585,000 $480,000 CM $1,035,000 $715,000 $320,000 Traceable fixed costs $497,500 $165,000 $332,500 Segment margin $537,500 $550,000 ($12,500) Common fixed costs $370,000 $210,000 $160,000 $167,500 $340,000 ($172,500) NI Your Company is considering closing Store 2. If Store 2 is closed, 65% of its traceable fixed expenses could be avoided. Also, the closing of Store 2 would result in a 15% increase in sales in Store 1. Your Company allocates common fixed expenses on the basis of sales dollars and none of these costs would be saved if a store were shut down. What is the increase or (decrease) in the net income if Store I is closed? Enter an increase as a positive number and a decrease wtih a minus sign in front.

The most recent monthly income statement for Jackson Stores is given below: Sales Total $1,000,000 Variable expenses Store A $400,000 580.000 160.000 420.000 Store B $600,000 Contribution margin 420,000 140.000 180.000 Traceable fixed expenses 300,000 100.000 200.000 Store segment margin 120,000 140.000 (20.000) Common fixed expenses Net operating income 50,000 $20,000 30.000 $70,000 $120,000 $150,000) Due to its poor showing, consideration is being given to closing Store B. Studies show that if Store B is closed, one-fourth of its traceable fixed expenses will continue unchanged. The studies also show that closing Store B would result in a 10 percent decrease in sales in Store A. The company allocates common fixed expenses to the stores on the basis of sales dollars, Required: Determine the monthly financial advantage (disadvantage) of closing Store B. 13

Qw.7.

Required information [The following information applies to the questions displayed below] Raner, Harris and Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm has two offices-one in Chicago and one in Minneapolis. The firm classifies the direct costs of consulting jobs as variable costs. A contribution format segmented income statement for the company's most recent year is given: Sales Variable expenses Contribution margin Traceable fixed expenses office segment margin Common fixed expenses not traceable to offices Net operating Income Total Company $472,500 236,250 236,250 132,300 103,950 46,150 $ 37,000 Assume that Minneapolis' sales by major market are: 100.00% 50.00% 50.00% 28.00 22.001 14.00% 8.00% Chicago. $ 157,500 47,250 110,250 $1,900 $ 28,350 office 100.00% 30.00% 70.00% 52.00 18.00% Minneapolis $315,000 199,000 126,000 50,400 $75,600 100.00% 60.00% 40.00% 16.00% 24.00%

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Ron Company has the following commission schedule: Commission rate Sales 2% Up to $80, 000 Excess of $80,000 to $100,000 More than $100,000 3.5% 4% Calculate the gross earning. Employee Total sales Gross earning Lai Xiaodong %24 146,000 < Prev 6 of 16 Next ..... .....n .....

< Revenues Cost of goods sold Gross profit Gross profit as a percent of sales Customer 1 $130,000 Customer 2 000 $210,000 (113,400) $96,600 (81,900) $48,100 Activity Base Number of bid requests Number of shipments Number of standard items ordered Number of nonstandard items ordered Revenues 37% The administrative records indicated that the activity-base usage quantities for each customer were as follows: 15 25 46% 20 Customer 1 Customer 2 Customer 3 6 40 Customer 3 55 35 $180,000 (90,000) $90,000 65 50% 60 50 52 85 a. Prepare a customer profitability report dated for the year ended December 31, 20Y8, showing (1) the operating income after customer service activities, (2) the gross profit as a percent of sales, and (3) the operating income after customer service activities as a percent of sales. Prepare the report with a column for each customer. Round percentages to the nearest whole percent. Metroid Electric Customer Profitability Report For the Year Ended December 31, 20Y8 Customer 1…

Roessler Fine Dining has total assets of $310,100 and net fixed assets of $168,500. The average daily operating costs are $2,980. What is the value of the interval measure? Multiple Choice THEY O 31.47 days 47.52 days 56.22 days 68.05 days 104.62 days 5 Save & Exit Sub 9

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Assume a Potbelly's restaurant has the following information available regarding costs at represent- tive levels of monthly sales: Monthly sales in units 5,000 8,000 10,000 Cost of food sold. $10,000 $16,000 $20,000 Wages and fringe benefits.........................4,200 4,320 4,400 Fees paid delivery help...........................1,100 1,760 2,200 Rent on building. 1,100 1,100 1,100 . 900 900 900 Utilities Depreciation on equipment... Supplies (soap, floor wax, etc.).. 1,700 1,700 Total........ .800 920 1,000 ...........1,700. ..250 340 400 Administrative costs..... $20,050 $27,040 $31,700 Required a. Identify each cost as being variable, fixed, or mixed. b. Use the high-low method to develop a schedule identifying the amount of each cost that is mixed or variable per unit. Total the amounts under each category

5. Pong Incorporated's income statement for the most recent month is given below. Total Store G Store H $150,000 60,000 90,000 60,000 30,000 15,000 $ 15,000 $90,000 Sales. Variable expenses.. Contribution margin. Traceable fixed expenses Segment margin.. Common Fix ed expenses... Net operating income $60,000 30,000 30,000 15,000 $15,000 30,000 60,000 45,000 $15,000 ............... If Store G sales increase by $40,000 with no change in fixed costs, the overall company net operating income should: A. increase by $8,000 B. increase by $24,000 C. increase by $20,000 D. increase by $4,000

Work Sample 1: Calculate the profit for this order Item: 3 chairs Price (paid by customer) $2495 per chair Customer discount = 5% Our costs Cost per chair = $1950 Credit card fee = 3% of total customer payment

The following data relates to Campus Goods Inc:                                            Amount in $ Revenue                              400000 Operating Profit                     20% cost of good sold                   55% Operating Expense ( as % of revenue )   25%   Required: Based on the above data determine the following:   8A. Cost of Goods Sold in $ is ___________. 250,000 100,000 150,000 220,000       8B. Gross Profit in $ and % is ___________ and ___________ respectively. 250,000 and 20% 180,0000 and 40% 180,000 and 45% 220,000 and 45%         8C. Operating expenses is ___________. 100,000 150,000 200,000 120,000     8D. Operating profit in $ is ___________. 55,000 65,000 80,000 70,000

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k ces Bed & Bath, a retailing company, has two departments-Hardware and Linens. The company's most recent monthly contribution format income statement follows: Sales Variable expenses Contribution margin Fixed expenses Net operating income (loss) Total $ 4,070,000 1,362,000 2,708,000 2,300,000 $ 408,000 Show All Items Department Hardware $ 3,040,000 952,000 2,088,000 1,410,000 $ 678,000 Required: What is the financial advantage (disadvantage) of discontinuing the Linens Department? A study indicates $378,000 of the fixed expenses being charged to Linens are sunk costs or allocated costs that will continue even if the Linens Department is dropped. In addition, the elimination of the Linens Department will result in a 12% decrease in the sales of the Hardware Department. Linens $ 1,030,000 410,000 620,000 890,000 $ (270,000)

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HD marketing channel team estimated Net sales and other expenses and created a profit-and-loss statement. Complete the statement using the following information (Q4-6). • Cost of goods sold (50% of net sales) • Sales salaries : 6 millions • 8% commission on sales • advertising and promotion : $10 millions • 3% of sales for cooperative advertising allowances to retailers freight and delivery charges (8% of sales) Managerial salaries and expenses: 3 millions • Indirect overhead: 2 millions Profit-and-loss statement | Net sales Cost of goods sold Gross Margin Marketing Expenses Sales expenses Promotion expenses $238,000,000 $119,000,000 $119,000,000 04 Q5 Freight General and Administrative Q6 expenses Managerial salaries and expenses Indirect overhead $3,000,000 $2,000,000 $5,000,000 $52,780,000 Net Profit before tax Q7. What is the total fixed costs? Q8. What is the total variable costs? Q9 What is the contribution margin (%) ? Q10 What is the break-even sales ($)?_

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The most recent monthly income statement for Benner Stores is given below:       Total Store A Store B   Sales $1,000,000 $400,000 $600,000   Variable expenses 580,000 160,000 420,000   Contribution margin 420,000 240,000 180,000   Traceable fixed expenses 300,000 100,000 200,000   Store segment margin 120,000 140,000 (20,000)   Common fixed expenses 50,000 20,000 30,000   Net operating income $70,000 $120,000 $(50,000)   Due to its poor showing, consideration is being given to closing Store B. Studies show that if Store B is closed, one-half of its traceable fixed expenses will continue unchanged. The studies also show that closing Store B would result in a 20 percent decrease in sales in Store A. The company allocates common fixed expenses to the stores on the basis of sales dollars.   Required: Determine the monthly financial advantage (disadvantage) of closing Store B. What should…

Sales 218,000                                               Gain on sale of equipment $ 6,290           epreciation expense—Office copier $ 530  Office supplies expense 620  Sales discounts 16,700 Insurance expense 1,380 Sales returns and allowances 3,900  TV advertising expense 3,800 Office salaries expense 31,100 Interest revenue 650  Rent expense—Selling space 11,600 Cost of goods sold 91,000   Sales staff wages 23,700 Sales commission expense 13,100 whats the total income profited

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