Dept. N$ 41,000Dept. O$72,000Dept. P$60,000Dept. T$ 40,000TotalDept. M$79,000$ 292,000SalesExpensesAvoidable15,80056,60043,60019,800148,000146,60020,00020,00046,60048,60018, 200Unavoidable5,400Total expenses72,40063,40025,40066,60066,800294, 600Net income (loss)$ 6,600$(22,400)$46,600$(6,600)$(26,800)$ (2,600)Recompute and prepare the departmental income statements (including a combined total column) for the company undereach of the following separate scenarios.Exercise 25-9 Part 1(1) Management eliminates departments with expected net losses.DEPARTMENTS WITH EXPEC TED NET LOSSES ELIMINATEDDept. MDept. NDept. ODept. PDept. TTotalSales$79,00072,000151,000Expenses:Avoidable15,80020,00035,800Unavoidable56,6005,40062,000Total expenses72,40025,40097,800Net income (loss)6,600$$46,600$$$53,200< Prev78.of 11Next >

Net loss refers to the situation when a company is not able to earn the desired amount of income or…

Sales $79,000 $ 41,000 $72,000 $60,000 $ 40,000 $ 292,000 Expenses Avoidable 15,800 56,600 43,600 19,800 20,000 5,400 20,000 48,600 18,200 66,800 $(26,800) 148,000 146,600 46,600 66,600 Unavoidable Total expenses 25,400 $46,600 72,400 63,400 294,600 Net income (loss) $ 6,600 $(22,400) $(6,600) $ (2,600) Recompute and prepare the departmental income statements (including a combined total column) for the company un each of the following separate scenarios. rcise 25-9 Part 1

Sales $79,000 $ 41,000 $72,000 $60,000 $ 40,000 $ 292,000 Expenses Avoidable 15,800 56,600 43,600 19,800 20,000 5,400 20,000 48,600 18,200 66,800 $(26,800) 148,000 146,600 46,600 66,600 Unavoidable Total expenses 25,400 $46,600 72,400 63,400 294,600 Net income (loss) $ 6,600 $(22,400) $(6,600) $ (2,600) Recompute and prepare the departmental income statements (including a combined total column) for the company un each of the following separate scenarios. rcise 25-9 Part 1

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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Condensed financial data are presented below for the Phoenix Corporation: 20X2 20X1 $ 267,500 312,500 670,000 50,000 825,000 252,500 77,500 1,640,000 982,500 10,000 77,500 127,500 71,000 (6,000) ( 62,500) $230,000 257,500 Accounts receivable Inventory 565,000 60,000 695,000 200,000 75,000 Total current assets Intangible assets Total assets Current liabilities Long-term liabilities Sales Cost of goods sold Interest expense Income tax expense Net income Cash flow from operations Cash flow from investing activities Cash flow from financing activities Tax rate 30% If there is no preferred stock, the return on common equity for 20X2 is (rounded):
A B C D E Sales revenue $40,400 $75,400 $573,700 $34,800 $54,100 Cost of goods sold 19,200 50,500 273,600 19,400 30,500 Operating expenses 9,800 39,800 230,700 11,800 17,900 Total expenses 29,000 90,300 504,300 31,200 48,400 Operating profit (loss) $11,400 $(14,900) $69,400 $3,600 $5,700 Identifiable assets $34,500 $80,000 $501,100 $64,700 $50,400 Sales of segments B and C included intersegment sales of $20,000 and $101,000, respectively. (a) Determine which of the segments are reportable based on the: 1. Revenue test. 2 Operating profit (loss) test. 3. Identifiable assets test. Reportable Segment
Sales price per unit R15 R19Variable cost per unit R6 R7Fixed cost (FC) per annum R650 000 R 855 500Fixed cost per unit R3 R4 Current assets R450 600 R560 700Current liabilities R510 000 R780 000Retained profit R21 809 R17 600Net Sales R2 900 320 R 3 100 100Cost of sales R390 000 R475 000 Calculate the break‐even point for 2019 and 2020. The current ratio reflects the relationship between the value of the current assets and the extent of the current liabilities of a business
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Hardev
A/R 5,000 Advertising EXP 1,600 Cash 500 COGS 6,000 Inv. 3,000 Plant Assets 12,000 Research Expense 2,000 Sales 20,000 Total Equity 7,500 Total Liabilities 13,000 Salaries and Wages Expense 10,000 What is the asset turnover What is the ROE The company take home roughly what percent of every $1 of sales.
Peace Inc. has the following information: Sales P 480,000 Operating expenses 300,000 Net loss (60,000) How much is the entity's cost of sales? A. 340,000B. 360,000C. 240,000D. 420,000
Room Revenue Room Profit Rooms Sold Actual $695,000 Average Room Rate $67.50 $500,000 Catering Revenue 10,300 Occupancy Percent 83.1% Budget Last Year $680,000 $240,000 $486,000 $68.00 10,000 Restaurant Revenue $126,000 $125,000 80.1% $250,000 $650,000 $460,000 Gift Shop Revenue $23,000 $22,000 $65.66 Beverage Revenue $48,000 $50,000 $47,000 9,900 79.8% $124.000 $245,000 Total F&B Revenue $414,000 $425,000 $416,000 $21,000 Total Revenues $1,132,000 $1,127,000 $1,087,000
Smith Wesson Net income $10,000 $100,000 Net sales 50,000 400,000 Calculate the profit margin ratio for each company.
Sales revenue Variable cost of goods sold Fixed cost of goods sold Gross profit Variable operating expenses Fixed operating expenses Common fixed costs Operating income (a) $1,360,000 Q Search Baseball V V 919,000 V 123,800 317,200 183,800 85,200 65,000 ($16,800) Soccer $3,900,000 2,535,000 $ 202,200 $ 1,162,800 624,000 91,000 139,000 Basketball $2,560,000 2,065,600 178,000 316,400 Baseball 256,000 78,900 104,900 $308,800 ($123,400) Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear. Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division (If the amount is negative then enter with a negative sign preceding the number, e.g.-5.125 or parenthesis, eg (5,125)) C $ Total $7,820,000 5,519,600 $ 504,000 F 1,796,400 1,063,800 255,100 308,900 $168,600 Soccer $ B:
i need this in words no handwritten no pic
Home office BranchSales P 365,000 P174,000Shipment to branch 90,000Purchases from outsiders 220,000 35,000Advertising expense 13,700 2,500Salaries and Commission 35,000 9,500Rent Expense 10,000 2,000Miscellaneous expense 3,300 500Shipment from home Office 112,500Inventories, January 1:Home Office 85,000Branch:From outsiders 9,500From home office at 2018 billed price30,000Inventories, December 31:Home Office 65,000BranchFrom outsider 6,500From Home office at 2018 billed price30,0001. The branch inventory at cost on December 31, 2021 is:a. P30,500 c. P70,000b. 31,500 d. 36,5002. The combined net income of the Home Office and the Branch on December 31, 2021 is:a. P111,000 c. P250,500b. 63,000 d. 174,000