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Zachary Company operates three segments. Income statements for the segments imply that profitability could be improved if Segme A were eliminated. ZACHARY COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 166,000 (128,000) (18,000) 20,000 (41,000) (7.000) $ (28,000) $247,000 (76,000) (23,000) 148,000 (50,000) (20,000) $ 78,000 $253,000 (84,000) 25,000) 144,000 (34,000) $110,000 Required a....
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1n
Franklin Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated FRANKLIN COMPANY Income Statements for the Year 2018 Segment Sales $ 171,000 $245,000 $261,000 Cost of goods sold (127,000) (75,000) (80,000) Sales commissions (15,880) (29,000) (32,000) Contribution margin 29,800 141,000 149,000 General fixed operating expenses (allocation of president's (38,000) (43,000) (39,000) salary) Advertising expense (specific to individual divisions) (5,000) (19,000) Net income $ (14,000) $ 79,000 $110,000 Required...
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2 parts to question
Jordan Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated JORDAN COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales comissions Contribution margin General fixed operating expenses (allocation of president's salar Advertising expense (specific to individual divisions) Net Income $ 169,000 (125.000) (22,000) 22.000 (37.000) (5,000) $ (20,000) $252,000 (54,000) (24.000) 144,000 (40,000) (18,000) $ 86,000 $249,000 (76, 000) (27,00)...
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Campbell Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. САМРВELL COMPANY Income Statements for the Year 2018 Segment Sales A B $ 165,000 (123,000) (21,000) 21,000 (40,000) (3,000) $ (22,000) $248,000 (91,000) (29,000) 128,000 (42,000) (13,000) $261,000 (76,000) (24,000) 161,000 (29,000) Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 0 $ 73,000 $132,000 Net...
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Vernon Company operates three segments. Income statements for
the segments imply that profitability could be improved if Segment
A were eliminated.
VERNON COMPANY
Income Statements for the Year 2018
Segment
A
B
C
Sales
$
162,000
$
249,000
$
263,000
Cost of goods sold
(124,000
)
(90,000
)
(79,000
)
Sales commissions
(21,000
)
(24,000
)
(24,000
)
Contribution margin
17,000
135,000
160,000
General fixed operating expenses (allocation of president’s
salary)
(40,000
)
(41,000
)
(37,000
)
Advertising expense (specific...
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Exercise 6-14A Segment elimination decision LO 6-4 Adams Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. ADAMS COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 167,000 (122,000) (17,000) 28,000 (38,000) (7,000) $ (17,000) $238,000 (90,000) (29,000) 119,000 (39,000) (17,000) $ 63,000 $258,000...
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Fanning Company operates three segments. Income statements for
the segments imply that profitability could be improved if Segment
A were eliminated.
FANNING COMPANY
Income Statements for the Year 2018
Segment
A
B
C
Sales
$
163,000
$
252,000
$
252,000
Cost of goods sold
(124,000)
(85,000)
(79,000)
Sales commissions
(20,000)
(28,000)
(22,000)
Contribution margin
19,000
139,000
151,000
General fixed operating expenses (allocation of president’s
salary)
(42,000)
(40,000)
(28,000)
Advertising expense (specific to individual divisions)
(5,000)
(20,000)
0
Net income
$...
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18 Exercise 6-14A (Algo) Segment elimination decision LO 6-4 Stuart Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. .34 points STUART COMPANY Income Statements for Year 2 eBook Segment Sales A Ask $168,000 (121,000) (18,000) $244,000 (89,000) (24,000) $250,000 (87,000) (30,000) Cost of goods sold Print Sales commissions References Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 29,000 131,000 133,000...
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Help Save & Exit Exercise 13-14 Segment elimination decision LO 13-4 Check Campbell Company operates three segments. Income statements for the segments Imply that profitability could be improved if Segment A were eliminated. CAMPBELL COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 170,000 (121, eee) (22, eee) 27,eee (36,eee) (6,000) $ (15,000) в $237,800...
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PATTERSON COMPANY Income Statements for the Year 2014 Segment Sales Cost of goods sold А В C $165,000 $250,000 $257,000 (87,000) (29,000) (129,000) (16,000) (82,000) (30,000) Sales commissions Contribution margin General fixed oper. exp. (allocation of president's salary) Advertising expense (specific to individual divisions) 134,000 145,000 20,000 (48,000) (35,000) (35,000) (3,000) (16,000) 0 $ (18,000) 70,000 $110,000 Net income Required: a. Prepare a schedule of relevant sales and costs for Segment A Relevant Rev.and Cost items for Segment A Effect...
Zachary Company operates three segments. Income statements for the segments imply that profitability could be improved if Segme A were eliminated. ZACHARY COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 166,000 (128,000) (18,000) 20,000 (41,000) (7.000) $ (28,000) $247,000 (76,000) (23,000) 148,000 (50,000) (20,000) $ 78,000 $253,000 (84,000) 25,000) 144,000 (34,000) $110,000 Required a....
1n
Franklin Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated FRANKLIN COMPANY Income Statements for the Year 2018 Segment Sales $ 171,000 $245,000 $261,000 Cost of goods sold (127,000) (75,000) (80,000) Sales commissions (15,880) (29,000) (32,000) Contribution margin 29,800 141,000 149,000 General fixed operating expenses (allocation of president's (38,000) (43,000) (39,000) salary) Advertising expense (specific to individual divisions) (5,000) (19,000) Net income $ (14,000) $ 79,000 $110,000 Required...
2 parts to question
Jordan Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated JORDAN COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales comissions Contribution margin General fixed operating expenses (allocation of president's salar Advertising expense (specific to individual divisions) Net Income $ 169,000 (125.000) (22,000) 22.000 (37.000) (5,000) $ (20,000) $252,000 (54,000) (24.000) 144,000 (40,000) (18,000) $ 86,000 $249,000 (76, 000) (27,00)...
Campbell Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. САМРВELL COMPANY Income Statements for the Year 2018 Segment Sales A B $ 165,000 (123,000) (21,000) 21,000 (40,000) (3,000) $ (22,000) $248,000 (91,000) (29,000) 128,000 (42,000) (13,000) $261,000 (76,000) (24,000) 161,000 (29,000) Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 0 $ 73,000 $132,000 Net...
Exercise 6-14A Segment elimination decision LO 6-4 Adams Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. ADAMS COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 167,000 (122,000) (17,000) 28,000 (38,000) (7,000) $ (17,000) $238,000 (90,000) (29,000) 119,000 (39,000) (17,000) $ 63,000 $258,000...
Fanning Company operates three segments. Income statements for
the segments imply that profitability could be improved if Segment
A were eliminated.
FANNING COMPANY
Income Statements for the Year 2018
Segment
A
B
C
Sales
$
163,000
$
252,000
$
252,000
Cost of goods sold
(124,000)
(85,000)
(79,000)
Sales commissions
(20,000)
(28,000)
(22,000)
Contribution margin
19,000
139,000
151,000
General fixed operating expenses (allocation of president’s
salary)
(42,000)
(40,000)
(28,000)
Advertising expense (specific to individual divisions)
(5,000)
(20,000)
0
Net income
$...
18 Exercise 6-14A (Algo) Segment elimination decision LO 6-4 Stuart Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. .34 points STUART COMPANY Income Statements for Year 2 eBook Segment Sales A Ask $168,000 (121,000) (18,000) $244,000 (89,000) (24,000) $250,000 (87,000) (30,000) Cost of goods sold Print Sales commissions References Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) 29,000 131,000 133,000...
Help Save & Exit Exercise 13-14 Segment elimination decision LO 13-4 Check Campbell Company operates three segments. Income statements for the segments Imply that profitability could be improved if Segment A were eliminated. CAMPBELL COMPANY Income Statements for the Year 2018 Segment Sales Cost of goods sold Sales commissions Contribution margin General fixed operating expenses (allocation of president's salary) Advertising expense (specific to individual divisions) Net income $ 170,000 (121, eee) (22, eee) 27,eee (36,eee) (6,000) $ (15,000) в $237,800...
PATTERSON COMPANY Income Statements for the Year 2014 Segment Sales Cost of goods sold А В C $165,000 $250,000 $257,000 (87,000) (29,000) (129,000) (16,000) (82,000) (30,000) Sales commissions Contribution margin General fixed oper. exp. (allocation of president's salary) Advertising expense (specific to individual divisions) 134,000 145,000 20,000 (48,000) (35,000) (35,000) (3,000) (16,000) 0 $ (18,000) 70,000 $110,000 Net income Required: a. Prepare a schedule of relevant sales and costs for Segment A Relevant Rev.and Cost items for Segment A Effect...