Homework Answers
Solution a:
| Incremental Analysis - Southern Divisoin | |||
| Particulars | Continue | Eliminate | Net income Increase (Decrease) |
| Sales revenue | $480,000.00 | $0.00 | -$480,000.00 |
| Variable costs: | |||
| Cost of goods sold | $280,000.00 | $0.00 | -$280,000.00 |
| Operating expenses | $35,000.00 | $0.00 | -$35,000.00 |
| Total variable costs | $315,000.00 | $0.00 | -$315,000.00 |
| Contribution margin | $165,000.00 | $0.00 | -$165,000.00 |
| Fixed costs: | |||
| Cost of goods sold | $120,000.00 | $120,000.00 | $0.00 |
| Operating expenses | $105,000.00 | $90,000.00 | -$15,000.00 |
| Total fixed expenses | $225,000.00 | $210,000.00 | -$15,000.00 |
| Income (Loss) from operations | -$60,000.00 | -$210,000.00 | -$150,000.00 |
Add Answer to:
Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated thee operating...
Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated the operating...
Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Other Three Divisions $ 2,000,000 950,000 1,050,000 800,000 $ 250,000 Southern Division...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 199 (Part Level Submission) A recent accounting graduate from...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Southern Division Total Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Divisions $ 2,000,000...
A recent accounting graduate from Lethbridge University evaluated the operating performance of Fane Company's three divisions....
A recent accounting graduate from Lethbridge University evaluated the operating performance of Fane Company's three divisions. The following presentation was made to Fane’s Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $20,000, as shown in the analysis below. Other Two Divisions Southern Division Total Sales $1,000,000 $300,000 $1,300,000 Cost of Goods Sold 650,000 200,000 850,000 Gross Profit 350,000 100,000 450,000 Operating Expenses 100,000 120,000 220,000 Net Income $ 250,000 $...
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's...
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated' she said. "our total profits would increase by $27,200." Total Sales Cost of goods sold The Other The Other Percy Five Divisions Division $1,665,000 $100,100 977.400 76,900 687,600 23,200 528,700 50,400 $158,900 $(27,200) Gross profit $1,765,100 1,054,300 710,800 579,100...
PROBLEM 1 A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning...
PROBLEM 1 A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Other Three Divisions Total Sales $2,000,000 $480,000 Southern Division $2,480,000 400,000 Cost of Goods Sold 950,000 1,350,000 Gross Profit 1,050,000 80,000 1,130,000 800,000 140,000 Operating Expenses...
A recent accounting graduate from Lethbridge University evaluated the operating performance of Fane Company's three divisions....
A recent accounting graduate from Lethbridge University evaluated the operating performance of Fane Company's three divisions. The following presentation was made to Fane’s Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $20,000, as shown in the analysis below. Other Two Divisions Southern Division Total Sales $1,000,000 $300,000 $1,300,000 Cost of Goods Sold 650,000 200,000 850,000 Gross Profit 350,000 100,000 450,000 Operating Expenses 100,000 120,000 220,000 Net Income $ 250,000 $...
Exercise 20-15 Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of...
Exercise 20-15 Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,600." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,000 978,000 76,900 686,000 23,100 526,300 49,700 $159,700 $ (26,600)...
Exercise 7-15 (Video) Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performanc...
Exercise 7-15 (Video) Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,600." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,500 978,500 76,700 685,500 23,800 527,500 50,400 $158,000 $...
Exercise 20-15 (Video) Ruth Lewis, a recent graduate of Bell's accounting program, evaluated the operating performance...
Exercise 20-15 (Video) Ruth Lewis, a recent graduate of Bell's accounting program, evaluated the operating performance of Sunland Company's six divisions. Ruth made the following presentation to Sunland's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,100." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,300 977,900 76,300 686,100 24,000 528,000 50,100 $158,100 $...
Sheffield Mars, a recent graduate of Bell’s accounting program, evaluated the operating performance of Dunn Company’s...
Sheffield Mars, a recent graduate of Bell’s accounting program,
evaluated the operating performance of Dunn Company’s six
divisions. Sheffield made the following presentation to Dunn’s
board of directors and suggested the Percy Division be eliminated.
“If the Percy Division is eliminated,” she said, “our total profits
would increase by $25,500.”
The Other
Five Divisions
Percy
Division
Total
Sales
$1,665,000
$100,700
$1,765,700
Cost of goods sold
978,100
76,600
1,054,700
Gross profit
686,900
24,100
711,000
Operating expenses
528,100
49,600
577,700
Net income...
Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Other Three Divisions $ 2,000,000 950,000 1,050,000 800,000 $ 250,000 Southern Division...
CALCULATOR PRINTER VERSION 4 BACK NEXT Exercise 199 (Part Level Submission) A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Southern Division Total Sales Cost of Goods Sold Gross Profit Operating Expenses Net Income Divisions $ 2,000,000...
Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated' she said. "our total profits would increase by $27,200." Total Sales Cost of goods sold The Other The Other Percy Five Divisions Division $1,665,000 $100,100 977.400 76,900 687,600 23,200 528,700 50,400 $158,900 $(27,200) Gross profit $1,765,100 1,054,300 710,800 579,100...
PROBLEM 1 A recent accounting graduate from Marvel State University evaluated the operating performance of Fanning Company's four divisions. The following presentation was made to Fanning's Board of Directors. During the presentation, the accountant made the recommendation to eliminate the Southern Division stating that total net income would increase by $60,000. (See analysis below.) Other Three Divisions Total Sales $2,000,000 $480,000 Southern Division $2,480,000 400,000 Cost of Goods Sold 950,000 1,350,000 Gross Profit 1,050,000 80,000 1,130,000 800,000 140,000 Operating Expenses...
Exercise 20-15 Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,600." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,000 978,000 76,900 686,000 23,100 526,300 49,700 $159,700 $ (26,600)...
Exercise 7-15 (Video) Veronica Mars, a recent graduate of Bell's accounting program, evaluated the operating performance of Dunn Company's six divisions. Veronica made the following presentation to Dunn's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,600." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,500 978,500 76,700 685,500 23,800 527,500 50,400 $158,000 $...
Exercise 20-15 (Video) Ruth Lewis, a recent graduate of Bell's accounting program, evaluated the operating performance of Sunland Company's six divisions. Ruth made the following presentation to Sunland's board of directors and suggested the Percy Division be eliminated. "If the Percy Division is eliminated," she said, "our total profits would increase by $26,100." Sales Cost of goods sold Gross profit Operating expenses Net income The Other Percy Five Divisions Division $1,664,000 $100,300 977,900 76,300 686,100 24,000 528,000 50,100 $158,100 $...
Sheffield Mars, a recent graduate of Bell’s accounting program,
evaluated the operating performance of Dunn Company’s six
divisions. Sheffield made the following presentation to Dunn’s
board of directors and suggested the Percy Division be eliminated.
“If the Percy Division is eliminated,” she said, “our total profits
would increase by $25,500.”
The Other
Five Divisions
Percy
Division
Total
Sales
$1,665,000
$100,700
$1,765,700
Cost of goods sold
978,100
76,600
1,054,700
Gross profit
686,900
24,100
711,000
Operating expenses
528,100
49,600
577,700
Net income...
Most questions answered within 3 hours.
-
How
would I know whether a given amino acid has an ionizable group or
not? please...
asked 4 minutes ago -
True or false?
True False The function of the enzyme acyl CoA
synthetase is the ATP-dependent coupling...
asked 5 minutes ago -
Nadia Corporation adjusts its debt so that its interest coverage
(EBIT/Interest) remains constant at 3. Nadia’s...
asked 7 minutes ago -
In a clinical trial, 20 out of 600 patients taking a
prescription drug complained of flulike...
asked 13 minutes ago -
7. How many types of nuclear processes can produce energy? 8.
How many types of radioactive...
asked 16 minutes ago -
For both the Sn2 and Sn1 reaction
conditions:
Structure | Rxn (Y/N) at room T° Rxn...
asked 17 minutes ago -
11. In cell N2, enter a formula using the IF function and a
structured reference to...
asked 17 minutes ago -
There is X-linked mutations in flies in this example. You need
to determine the inheritence pattern...
asked 19 minutes ago -
1) There is a 5.0 μC charge at each of 3 corners of a square
(each...
asked 30 minutes ago -
A study of 420,095 cell phone users found that
134 of them developed cancer of the...
asked 33 minutes ago -
2.50 g of NH4Cl is added to 12.9 g of water. Calculate the
molality of the...
asked 36 minutes ago -
Part 1
(a) Calculate the pH at 25°C of a 0.10 M solution of a
weak...
asked 38 minutes ago