Revenues Operating Expenses Income before Service Charges ROI & Service Cost Allocation Instructional Instructional Accounting Business $ 500,000 $1,000,000 $ 250,000 $ 550,000 FORMULA 1 FORMULA 2 Student Name: Section Number:

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
6. I need help with formulas
567
8
9
10
11
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13
14
15
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18
19
20
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28
Revenues
Operating Expenses
Income before Service Charges
Investment
ROI before service charges
Number of professors
Number of students in program
Service department expenses
Service department charge rate
ROI & Service Cost Allocation
Instructional Instructional
Accounting
Business
1,000,000
$ 550,000
FORMULA 2
$ 500,000
250,000
FORMULA 1
$ 300,000 $ 500,000
FORMULA 3
5
200
Payroll
(Driver is # of
professors)
100,000
FORMULA 5
FORMULA 4
10
500
Advising
(Driver is # of
students)
200,000
FORMULA 6
Student Name:
Section Number:
Transcribed Image Text:567 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 Revenues Operating Expenses Income before Service Charges Investment ROI before service charges Number of professors Number of students in program Service department expenses Service department charge rate ROI & Service Cost Allocation Instructional Instructional Accounting Business 1,000,000 $ 550,000 FORMULA 2 $ 500,000 250,000 FORMULA 1 $ 300,000 $ 500,000 FORMULA 3 5 200 Payroll (Driver is # of professors) 100,000 FORMULA 5 FORMULA 4 10 500 Advising (Driver is # of students) 200,000 FORMULA 6 Student Name: Section Number:
10
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AB
29
30
31
32
33
34
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36
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40
41
C
Number of professors
Number of students in program
Service department expenses
Service department charge rate
Revenues
Operating expenses
Income before service charges
Service charges:
Payroll
Advising
Income from operations
ROI after service charges
Payroll
(Driver is # of
professors)
100,000
FORMULA 5
696969
D
Instructional
Accounting
$
5
200
$
$
E
FORMULA 7
FORMULA 9
FORMULA 11
10
500
Advising
(Driver is # of
students)
200,000
FORMULA 6
Instructional
Business
500,000 $ 1,000,000
250,000 $
550,000
250,000 $
450,000
FORMULA 8
FORMULA 10
FORMULA 12
FORMULA 13 FORMULA 14
FG
Transcribed Image Text:10 19 20 21 22 23 24 25 26 27 28 AB 29 30 31 32 33 34 35 36 37 38 39 40 41 C Number of professors Number of students in program Service department expenses Service department charge rate Revenues Operating expenses Income before service charges Service charges: Payroll Advising Income from operations ROI after service charges Payroll (Driver is # of professors) 100,000 FORMULA 5 696969 D Instructional Accounting $ 5 200 $ $ E FORMULA 7 FORMULA 9 FORMULA 11 10 500 Advising (Driver is # of students) 200,000 FORMULA 6 Instructional Business 500,000 $ 1,000,000 250,000 $ 550,000 250,000 $ 450,000 FORMULA 8 FORMULA 10 FORMULA 12 FORMULA 13 FORMULA 14 FG
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