Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home nursing. Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability Insurance Program administrators' salaries General administrative overhead* Total fixed expenses Meals on Wheels $ 401,000 Housekeeping $ 251,000 157,000 Total $ 921,000 475,000 Home Nursing $ 269,000 446,000 117,000 152,000 201,000 200,000 94,000 69,300 8,500 40,500 20,300 43,200 20,200 7,600 15,400 113,000 40,100 38,500 35,200 184,200 53,800 80,200 58,200 410,500 122,600 166,800 121,100 $ 35,500 $ 29,400 $ 33,200 $ (27,100) Net operating Income (loss) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in housekeeping is for a small van used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program was dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Complete this question by entering your answers in the tabs below. Required 1A Required 18 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?
Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home nursing. Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability Insurance Program administrators' salaries General administrative overhead* Total fixed expenses Meals on Wheels $ 401,000 Housekeeping $ 251,000 157,000 Total $ 921,000 475,000 Home Nursing $ 269,000 446,000 117,000 152,000 201,000 200,000 94,000 69,300 8,500 40,500 20,300 43,200 20,200 7,600 15,400 113,000 40,100 38,500 35,200 184,200 53,800 80,200 58,200 410,500 122,600 166,800 121,100 $ 35,500 $ 29,400 $ 33,200 $ (27,100) Net operating Income (loss) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in housekeeping is for a small van used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program was dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Complete this question by entering your answers in the tabs below. Required 1A Required 18 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?
Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home nursing. Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability Insurance Program administrators' salaries General administrative overhead* Total fixed expenses Meals on Wheels $ 401,000 Housekeeping $ 251,000 157,000 Total $ 921,000 475,000 Home Nursing $ 269,000 446,000 117,000 152,000 201,000 200,000 94,000 69,300 8,500 40,500 20,300 43,200 20,200 7,600 15,400 113,000 40,100 38,500 35,200 184,200 53,800 80,200 58,200 410,500 122,600 166,800 121,100 $ 35,500 $ 29,400 $ 33,200 $ (27,100) Net operating Income (loss) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program. The depreciation in housekeeping is for a small van used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program was dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Complete this question by entering your answers in the tabs below. Required 1A Required 18 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?
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Transcribed Image Text:Jackson County Senior Services is a nonprofit organization providing three services to seniors who live in their own homes-home
nursing. Meals on Wheels, and housekeeping. Revenue and expense data for the past year follow
Revenues
Variable expenses
Contribution margin
Fixed expenses:
Depreciation
Liability Insurance
Program administrators' salaries
General administrative overhead*
Total fixed expenses
Meals on
Wheels
$ 401,000
Housekeeping
$ 251,000
157,000
Total
$ 921,000
475,000
Home Nursing
$ 269,000
446,000
117,000
152,000
201,000
200,000
94,000
69,300
8,500
40,500
20,300
43,200
20,200
7,600
15,400
113,000
40,100
38,500
35,200
184,200
53,800
80,200
58,200
410,500
122,600
166,800
121,100
$ 35,500
$ 29,400
$ 33,200
$ (27,100)
Net operating Income (loss)
"Allocated on the basis of program revenues.
The head administrator of Jackson County Senior Services, Judith Miyama, is considering discontinuing the housekeeping program.
The depreciation in housekeeping is for a small van used to carry the housekeepers and their equipment from job to job. If the
program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead
would be avoided if the housekeeping program was dropped, but the liability insurance and the salary of the program administrator
would be avoided.
Required:
1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?
1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A,
should the Housekeeping program be discontinued?
Complete this question by entering your answers in the tabs below.
Required 1A Required 18
What is the financial advantage (disadvantage) of discontinuing the Housekeeping program?
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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