Homework Answers
| Music Teacher | |||||
| Segmented Income Statements | |||||
| For the Year Ended November 30 | |||||
| Association | Division | ||||
| Revenues | Totals | Membership | Magazine Subscription | Books & Reports | Continuing Education |
| Sales (19,900 members x $100) | $1,990,000 | $1,592,000 | $398,000 | ||
| Non-member Magazine subscription (4200 x $32) | $134,400 | $134,400 | |||
| Advertising | $119,000 | $119,000 | |||
| Reports and Texts (28200 x $25) | $705,000 | $705,000 | |||
| Continuing Education Courses (2500 x $75)+(1780 x $125) | $410,000 | $410,000 | |||
| Total Revenues | $3,358,400 | $1,592,000 | $651,400 | $705,000 | $410,000 |
| Expenses traceable to segments | |||||
| Salaries | $878,000 | $213,000 | $156,000 | $316,000 | $193,000 |
| Personnel costs | $219,500 | $53,250 | $39,000 | $79,000 | $48,250 |
| Occupancy costs (234000-58000)/10000 x space occupied ratio; 58000 added in books | $181,200 | $52,800 | $17,600 | $75,600 | $35,200 |
| Reimbursement of member costs to local chapters | $570,000 | $570,000 | |||
| Other membership services | $510,000 | $510,000 | |||
| Printing and paper (24,100 x $8 ; 28200 x $4 | $325,000 | $157,500 | $112,000 | $55,500 | |
| Postage and shipping (24100 x $4; 28200 x $2 | $152,800 | $96,400 | $56,400 | ||
| Instructors’ fees | $80,000 | $80,000 | |||
| Total traceable expenses | $2,916,500 | $1,399,050 | $466,500 | $639,000 | $411,950 |
| Division Segment Margin | $441,900 | $192,950 | $184,900 | $66,000 | -$1,950 |
| Common Expenses not traceable to divisions | |||||
| Salaries-Corporate staff | $93,000 | ||||
| Personnel Cost = | $23,250 | ||||
| Occupancy Cost (234000-58000)/10000 x 3000 | $52,800 | ||||
| Postage and Shipping = $162,000 - $152800 | $9,200 | ||||
| General and administrative | $33,000 | ||||
| Total common expenses | $211,250 | ||||
| Excess of revenues over expense | $230,650 | ||||
Add Answer to:
Music Teachers, Inc., is an educational association for music teachers that has 19,900 members. The association o...
Music Teachers, Inc., is an educational association for music teachers that has 19,800 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 19,800 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,000 members. The association...
Music Teachers, Inc., is an educational association for music
teachers that has 20,000 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,300 members. The association...
Music Teachers, Inc., is an educational association for music
teachers that has 20,300 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,400 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 20,400 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association’s magazine, Teachers’ Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 19,600 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 19,600 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The association operates...
Music Teachers, Inc., is an educational association for music
teachers that has 20,200 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,400 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 20,400 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,300 members. The association...
Music Teachers, Inc., is an educational association for music
teachers that has 20,300 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association’s magazine, Teachers’ Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The association...
Music Teachers, Inc., is an educational association for music teachers that has 20,200 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association’s magazine, Teachers’ Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 19,800 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music
teachers that has 20,000 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music
teachers that has 20,300 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 19,600 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music
teachers that has 20,200 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music teachers that has 20,400 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's magazine, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing...
Music Teachers, Inc., is an educational association for music
teachers that has 20,300 members. The association operates from a
central headquarters but has local membership chapters throughout
the United States. Monthly meetings are held by the local chapters
to discuss recent developments on topics of interest to music
teachers. The association’s magazine, Teachers’ Forum, is
issued monthly with features about recent developments in the
field. The association publishes books and reports and also
sponsors professional courses that qualify for continuing...
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