Module 2 Excel Exercise (1)

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eBook   Show Me How   Office 365 Question Content Area Profit center responsibility reporting Championship Sports Inc. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Line Item Description Amount Sales—Winter Sports Division $9,600,000 Sales—Summer Sports Division 15,000,000 Cost of Goods Sold—Winter Sports Division 5,500,000 Cost of Goods Sold—Summer Sports Division 9,500,000 Sales Expense—Winter Sports Division 780,000 Sales Expense—Summer Sports Division 1,000,000 Administrative Expense—Winter Sports Division 700,000 Administrative Expense—Summer Sports Division 1,440,000 Advertising Expense 1,099,000 Transportation Expense 150,000 Accounts Receivable Collection Expense 67,000 Warehouse Expense 966,000…

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Narrative report of each daily during the implementation of business plan which is banana ice cream. Please answer it in paragraph By Day 1, Day 2, Day 3, Day 4, Day 5.

Homework i A company reports the following sales-related information. Sales, gross Sales discounts $295,000 Sales returns and allowances 5,900 Sales salaries expense Prepare the net sales portion only of this company's multiple-step income statement. Net sales Multiple-Step Income Statement (Partial) Saved < Prev. $ 22,000 11,900 10 of 10 HH hp n

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Safari File Edit View L 100 History Bookmarks Window Help Week 3 Overview - MGT6017_X70_Operations Management JUL 26 === Problems 1. A manufacturing company has the following financial information (in millions of $): Sales Cost of goods sold Direct labor Purchased materials Overhead All other costs Pretax earnings Administrative costs. Pretax earnings $823 85 Criteria 310 tv 94 a. What is the profit leverage effect of purchasing in this company? b. What is the increase in earnings from an 8 percent savings in purchasing? 2. A service company has the following financial information (in millions of $) Sales Cost of outsourced facilitating goods Cost of in-house services provided 250 84 $510 210 199 77 prod.reader-ui.prod.mheducation.com 24 a. What is the profit leverage effect of reducing the cost of the facilitating goods in this company? b. It has been suggested that the in-house services costs could be reduced by 10 percent in the coming year by implementing lean systems. What effect…

Revenues: Food and beverage Delivery service Total revenues Restaurant operating costs: Chipotle Mexican Grill, Inc. Operating Income For the Years Ended December 31 (in thousands) Year 2 Amount Year 2 Year 1 Percent Amount Year 1 Percent $7,457 100 % $5,921 100 % 90 % 64 % $7,547 100 % $5,985 100 % Food, beverage, packing $(2,309) % $(1,933) 906 % Labor (1,918) 90 % (1,593) % Occupancy (rent) (416) % (388) % % Marketing, utilities, other (1,197) % (1,030) General and administrative (607) % (466) % Depreciation (255) % (238) % % Miscellaneous expenses (40) % (47) % Total operating expenses $(6,742) $(5,695) % % % $290 $805 Operating income h. Based on the calculations above, which of the following statements are correct?

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Required information Problem 9-2A (Algo) Allocation of indirect expenses to departments LO P2 [The following information applies to the questions displayed below.] National Retail has two departments, Housewares and Sporting. Indirect expenses for the period follow. Rent Advertising Insurance Total $ 45,000 25,000 10,000 $ 80,000 The company occupies 4,000 square feet of a rented building. In prior periods, the company divided the $80,000 of indirect expenses by 4,000 square feet to find an average cost of $20 per square foot, and then allocated indirect expenses to each department based on the square feet it occupied. The company now wants to allocate indirect expenses using the allocation bases shown below. Department Housewares Sporting Total Square Feet 2,040 1,960 4,000 Sales $ 220,000 280,000 $ 500,000 Value of Insured Assets $ 44,000 56,000 $ 100,000

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cost accounting

Express the total costs, net profit (NP) in money and as a percentage in the table below.  Sales Food Costs Labor Costs Overheads Total Costs Net Profit Net Profit percent $140.55 $40.99 $50.50 $23.34       $175.98 $55.45 $61.25 $34.00       $268.94 $81.38 $90.45 $74.88       $555.65 $120.00 $155.98 $111.54       $1010.80 $300.70 $240.54 $230.78

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