Income from operations for Division X is $300,000, total service department charges are $500,000, and operating expenses are $3,200,000. What are the revenues for Division X? a. $800,000 b. $3,500,000 c. $4,000,000 d. $3,200,000
Q: Expert of Account Solve this asap
A: Solution:To determine the Return on Equity (ROE) for Blue Ridge Inc., follow these steps:Calculate…
Q: MJ's Jewellery reported the following amounts at the end of the year: total jewellery sales =…
A: Provided Data:Total Jewellry Sales: $650,000Sales Discounts: $15,000Sales Returns: $40,000Sales…
Q: Capacity percentage??
A:
Q: Please provide correct answer general accounting question
A: Step 1: Define Price-Earnings (P/E) RatioPrice-Earnings (P/E) Ratio: This ratio measures the…
Q: Financial accounting
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a financial ratio that…
Q: Answer with explanation for general accounting question
A: Step 1: Definition Accounts Receivable Period:The average number of days it takes a company to…
Q: General Accounting MCQ
A: Explanation of Natural Capital:Natural capital refers to the world's stocks of natural assets,…
Q: general accounting question
A: Equivalent Units = Units Completed and Transferred Out + Equivalent Units in Ending WIPCompleted and…
Q: What is net income using accural accounting?
A: Explanation of Accrual Accounting:Accrual accounting is a method where revenues and expenses are…
Q: Timberline Manufacturing has an inventory turnover of 95 days, an accounts payable turnover of 65…
A: Explanation of Cash Conversion Cycle: The cash conversion cycle (CCC) is a financial metric that…
Q: General accounting
A: Step 1: Define Accrued Interest PayableAccrued Interest Payable is the interest expense that has…
Q: An internal auditor's work would most likely affect the nature, timing, and extent of an independent…
A: The correct answer is (e) Completeness of accounts payable. Internal auditors can influence how,…
Q: ???
A: Explanation of Return on Assets (ROA): Return on Assets is a profitability ratio that reveals how…
Q: Please provide correct solution and accounting question
A: Step 1: Definition of Owners' EquityOwners' Equity represents the residual interest in a company's…
Q: Solve this question prop
A: 3. Crestwood Industries: Manufacturing Overhead Application RateLet:MOH = Manufacturing Overhead…
Q: General accounting question
A: Step 1: Define Direct LaborDirect labor refers to the workers or employees directly involved in…
Q: Provide correct option general accounting question
A: Step 1: Definition of Cost AllocationCost Allocation is the process of assigning indirect costs,…
Q: Please solve required General accounting question
A: Step 1: Define Manufacturing CostsManufacturing Costs consist of Direct Materials, Direct Labor, and…
Q: Please give me correct answer this financial accounting question
A: Step 1: Definition of Recognized Gain or LossRecognized Gain or Loss is the difference between the…
Q: A retail clothing store had the following transactions for the current fiscal year: Purchases:…
A: Approach to solving the question:Please see attached photo for detailed solutions. Thank you.…
Q: what will be the after-tax income?
A: The after-tax income from the project will be $9,000 after applying the 25% tax rate to the $12,000…
Q: Cash collected from customers?
A: Step 1: Definition of Cash Collected from CustomersCash Collected from Customers: This refers to the…
Q: The Willow Mills Company mills barley into flour. The equivalent units are measured in terms of tons…
A: To calculate the equivalent units of barley milled, we use the concept of equivalent units of…
Q: Sauerbraten Corp. reported 2007 sales ($ in millions) of $2,157 and a cost of goods sold of $1,827.…
A: Step 1: Definition of Gross ProfitGross profit is the difference between a company's revenue (sales)…
Q: Variable coast of sales general accounting question
A: Step 1: Definition of Variable Cost PercentageThe percentage of Variable Costs of Sales is the…
Q: What is the variable overhead rate variance for the month?
A: Explanation of Standard Hours Allowed:Standard hours allowed refer to the number of labor hours that…
Q: What is the gross profit for the year?
A: Step 1: Definition of Gross ProfitGross profit represents the difference between total revenue…
Q: need this question answer General accounting question
A: Step 1: Define Cost Assigned to Ending Work in Process InventoryThe cost assigned to Ending Work in…
Q: What is the net income of this financial accounting question?
A: Step 1: Define Net IncomeNet Income is the profit a company earns after all expenses have been…
Q: Accounting answer?
A: Step 1: Definition of Return on Equity (ROE)Return on Equity (ROE) is a measure of a company's…
Q: If the average age of inventory is 120 days, the average age of accounts payable is 80 days, and the…
A: The cash flow cycle (or cash conversion cycle, CCC) is calculated using the formula:Cash Flow Cycle…
Q: Answer? ? Financial accounting question
A: Step 1: Define Variable ExpenseVariable Expenses are costs that vary in direct proportion to the…
Q: ?!
A: To calculate your firm's Days Sales Outstanding (DSO), you can use the following formula:…
Q: Compute the prime costs
A: Explanation of Prime Costs: Prime costs represent the primary direct costs of manufacturing a…
Q: Need help
A: Explanation of Note: A note is a written promise to pay a specific sum of money (the principal) plus…
Q: Need
A: Step 1: Definition of Gross Margin RatioGross Margin Ratio measures the percentage of revenue that…
Q: account
A: Step 1: Definition of Degree of Operating Leverage (DOL)The Degree of Operating Leverage (DOL)…
Q: Get accurate answer and step by step calculation with explanation of this general accounting…
A: Step 1: Definition of Owner's Contribution (Owner Capital)Owner's contribution (or owner's capital)…
Q: Accounting
A: Step 1: Definition of Shareholders' Equity and Net Working CapitalShareholders' Equity: It…
Q: General accounting
A: The present value of a perpetual annuity is calculated using the formula:PV=C/rwhere:C = Annual…
Q: Deluxe Auto Parts holds inventory all over the world. Assume that the records for one auto part show…
A: Step 1: Definition of Gross Profit MethodThe gross profit method is used to estimate inventory…
Q: What is its ROE
A: To calculate the Return on Equity (ROE), we use the DuPont formula:ROE=Profit Margin×Total Asset…
Q: I want to correct answer general accounting question
A: Step 1: Definition of Cost of Goods Sold (COGS)Cost of Goods Sold (COGS) is the total cost incurred…
Q: Need help with this accounting questions
A: Step 1: Definition of Applied OverheadApplied Overhead is the estimated overhead assigned to a…
Q: On January 1, Green Valley Co. issues bonds with a face value of $500,000 and an interest rate of…
A: Step 1: Definition of Interest ExpenseInterest expense is the cost a company incurs for borrowing…
Q: how much is the total cost of work-in-process for the year?
A: Step 1: Definition of Total Cost of Work-in-Process (WIP)The total cost of work-in-process (WIP)…
Q: What is your estimate of an appropriate stock price
A: To estimate the appropriate stock price using the price-sales (P/S) ratio, we use the formula: Stock…
Q: cost of goods sold from 2019to2021?
A: Step 1: Definition of Percentage IncreasePercentage increase is a measure of how much a value has…
Q: What is the total cost per year to carry this inventory of this financial accounting question?
A: Step 1: Definition of Total Cost of Carrying InventoryThe Total Cost of Carrying Inventory is the…
Q: Compute the dollar sales to earn the target pre tax net income of this accounting question
A: Step 1: Definition of Dollar Sales to Earn Target Pre-Tax Net IncomeDollar Sales to Earn Target…
Step by step
Solved in 2 steps
- Income from operations for Division M is $275,000, total service department charges are $350,000, and operating expenses are $2,600,000. What are the revenues for Division M?Division P reported Income from Operations of $875,000 and Total Service Department Charges of $575,000. Therefore, which statement is correct: Income from Operations before Service Department Charges was $1,450,000 O Income from Operations before Service Department Charges was $300,000 Net Income was $300,000 Gross Profit was $300,000Operating income of the Pierce Automobile Division is $2,225,000. If operating income before support department allocations is $3,250,000,
- The sales, gross profit, and direct and indirect operating expenses of Departments A and B of Cardoba Inc. are as follows: Dept. A Dept. B Total Sales $420,000 $290,000 $710,000 Gross profit 243,000 197,000 440,000 Direct operating expenses 205,000 118,000 323,000 Indirect operating expenses 160,000 Help compute the departmental direct operating margin and direct operating margin percentage for each department.The sales, gross profit, and direct and indirect operating expenses of Departments A and B of Cardoba Inc. are as follows: Dept. ADept. BTotalSales$420,000$290,000$710,000Gross profit243,000197,000440,000Direct operating expenses205,000118,000323,000Indirect operating expenses160,000Required:Compute the departmental direct operating margin and direct operating margin percentage for each department.Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%
- Support department allocations The centralized computer technology department of Hardy Company has expenses of 320,000. The department has provided a total of 4,000 hours of service for the period. The Retail Division has used 2,750 hours of computer technology service during the period, and the Commercial Division has used 1,250 hours of computer technology service. How much should each division be allocated for computer technology department services?6) 16% -Given the following data for operation departments A and B, prepare a schedule using the direct and step method of allocation to allocate service department costs to the operating departments and show total cost for department A and B. Department Costs # of Employees Square Feet Operating Dept A $1600 80 200 Operating Dept B $1300 120 300 Maintenance $3,000 100 100 Payroll $4,000 100 100 For the step method, begin with the maintenance department.Algebraic method The following chart indicates the percentage of support department services used by other departments. Service departments are designated S1, S2, and S3; operating departments are designated RP1 and RP2. Department S1 S2 Services Used 53 RP1 RP2 S1 52 53 N/A 10% 40% N/A 20 30 N/A 20% 30% 40% 30 20 10 40 10 Direct costs of the period were $170,000, $360,000, and $600,000 for S1, S2, and S3, respectively. Allocate the support department costs to the operating departments using the algebraic method. Note: Do not round proportions in your calculations; round your final answer to the nearest whole dollar. Note: Round your final answers below to the nearest 100; for example, round 8,668 to 8,700. RP1 $ RP2 363,000 x 164,000 x Total $ 527,000 x
