Use the following information (in thousands):Service Revenue¥1,600,000Income from continuing operations200,000Net Income180,000Income from operations440,000Selling & administrative expenses1,000,000Income before income tax400,000Determine the amount of financing costs.O ¥200,000O ¥20,000O ¥160,000O ¥40,000

Finance cost = Income from operation - Income before income tax

Answered: Use the following information (in…

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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Subject: accounting
The Emergency Medical Services Company has two divisions that operate independently of one another. The financial data for the year 20x5 reported the following results North South $4,440,000 $3,940,000 1,110,000 910,000 920,000 645,000 6,000,000 5,000,000 Sales Operating income Taxable income Investment The company's desired rate of return is 10%. Income is defined as operating income. a. What are the respective return-on-investment ratios for the North and South divisions? Round ROI to the nearest whole percentage. ROI North South b. What are the respective residual incomes of the North and South divisions? Residual income North S South S c. Which division has the better return on investment and which division has the better residual income figure? Return on investment i # Residual income
Copr. Goedl Uplift, Inc. reported the following financial data for the segmented income statements: Sales $125,000 Variable expenses $63,000 Contribution margin $62,000 Total fixed expenses $42,000 Common fixed expenses $15,000 How much are traceable fixed expenses? $83,000 $20,000 $48,000 $27,000 SUBMIT B 4 5 LO 5
6. Chung-Ang Company has two department. The company's most recent monthly contribution format income statement follows: Sales Variable Expense Contribution Margin Fixed expenses Net Operating Income (Loss) A 1,000,000 400,000 600,000 800,000 (200,000) B 3,000,000 900,000 2,100,000 1,400,000 700,000 Total 4,000,000 1,300,000 2,700,000 2,200,000 500,000 A study indicates that $340,000 of the fixed expense being charged to A are sunk costs or allocated costs that will continue even if the A Department is dropped. In addition, the elimination of the A Department will result in a 10% decrease in the sales of the B department. 6-1) What is the financial advantage (disadvantage) of discontinuing the A Department?
The following data relates to Campus Goods Inc: Amount in $ Revenue 400000 Operating Profit 20% cost of good sold 55% Operating Expense ( as % of revenue ) 25% Required: Based on the above data determine the following: 8A. Cost of Goods Sold in $ is ___________. 250,000 100,000 150,000 220,000 8B. Gross Profit in $ and % is ___________ and ___________ respectively. 250,000 and 20% 180,0000 and 40% 180,000 and 45% 220,000 and 45% 8C. Operating expenses is ___________. 100,000 150,000 200,000 120,000 8D. Operating profit in $ is ___________. 55,000 65,000 80,000 70,000
Suppose a company has research costs of $115,000 and development costs of $285,000 for the year. Under U.S. GAAP, what amount would be reported as an expense in the current year's Income statement? Multiple Choice $400,000 $115,000 $285,000 $200,000
HE-46135 company revealed the following figures: Sales revenue Contribution margin 22 Net operating income $730,000 $292,000 $192,000 How much is the company's margin of safety in dollars? Multiple Choice $480,000 О $520,000 $220,000 $250,000 留

Q36 Goods of the Invoice value R240 000 sent out to consignee at 20% profit on cost. If all goods were sold, what would be the gross amount? Select one: a. R48 000 b. R50 000 c. R40 000 d. R33 333
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
Algebraic method Prosperous Bank has three support areas (administration, human resources, and accounting) and three revenue-generating areas (checking accounts, savings accounts, and loans). Monthly direct costs and the interdepartmental support structure are shown below: Percentage of Service Used by Department Direct Costs Admin. Human Resources Accounting Checking Savings Loans Administration $540,000 40 10 20 30 20 20 Human resources Accounting Checking Savings Loans 360,000 300,000 630,000 337,500 675,000 Checking $ Savings Loans Total 10 10 $ 2,842,500 10 10 10 10 Compute the total cost for each revenue-generating area of the bank using the algbraic 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. 0 x 0 x 0 x ✓ 30 30 40
Peace Inc. has the following information: Sales P 480,000 Operating expenses 300,000 Net loss (60,000) How much is Peace Inc.'s gross profit if its gross profit is 50% based on sales?A. 260,000B. 180,000C. 240,000D. 280,000

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