The monthly income statement for Jordan Stores is given below: 1st Branch 2nd Branch Total Sales₱ 1,200,000 ₱ 800,000 ₱ 2,000,000 Less: Variable Expenses840,000 360,000 1,200,000 Contribution Margin₱ 0,360,000 ₱ 440,000 ₱ 0,800,000 Less: Traceable Fixed Expenses210,000 180,000 390,000 Segment Margin₱ 0,150,000 ₱ 260,000 ₱ 0,410,000 Less: Common Fixed Expenses180,000 120,000 300,000 Profit (Loss)₱ 0,( 30,000 ) ₱ 140,000 ₱ 0,110,000 What will be the new company profit (loss) if 1st Branch is eliminated? Show solutionGroup of answer choices₱ ( 040,000 ₱ 0( 40,000 )₱ ( 140,000 ₱ ( 250,000 )

In the given question, if 1st branch is eliminated, all the revenues and costs associated with the…

Answered: The monthly income statement for Jordan…

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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The monthly income statement for Jordan Stores is given below:

	1st Branch	2nd Branch	Total
Sales	₱ 1,200,000	₱ 800,000	₱ 2,000,000
Less: Variable Expenses	840,000	360,000	1,200,000
Contribution Margin	₱ 0,360,000	₱ 440,000	₱ 0,800,000
Less: Traceable Fixed Expenses	210,000	180,000	390,000
Segment Margin	₱ 0,150,000	₱ 260,000	₱ 0,410,000
Less: Common Fixed Expenses	180,000	120,000	300,000
Profit (Loss)	₱ 0,( 30,000 )	₱ 140,000	₱ 0,110,000

What will be the new company profit (loss) if 1st Branch is eliminated? Show solution

Group of answer choices

₱ ( 040,000

₱ 0( 40,000 )

₱ ( 140,000

₱ ( 250,000 )

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