The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.
customer pays within the discount period , payble amount is $.582.
What do credit terms of 4/10 N 30 mean in regard to a purchase?n/30" states that if the shopper does not pay the (full) invoice amount within the 10 days to permit for the discount, then the net payment is due within 30 days after the sales invoice date.The credit terms 3/20, n/60 means that the buyer will be given a 3% discount if they settle their invoice in 20 days. If not, the invoice is due in full within 60 days. This gives customers 3% off of the invoice cost if they produce early which is very useful.When products inventory is purchased with credit terms of 2/10, n/60, the credit period is 60 days from date of the invoice. An checklist system in which the business has up-to-date data as to the amount of goods on hand is called a periodic inventory system.To learn more about : periodic inventory system.
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the aggregate expenditures model is built upon which of the following assumptions? multiple choice prices are fully flexible. prices are fixed. the economy is at full employment. government spending policy has no ability to affect the level of output.
The aggregate expenditures model is built upon which of the following assumptions: Prices are fixed.
Keynes developed the aggregate expenditure (AE) model. He assumed that prices are set and rigid. Keynes demonstrated in the model that equilibrium is reached when the whole value of the economy's output equals the aggregate expenditure in the economy. He presupposed that the price level was established for this.
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corporate strategic options for diversified companies would not normally entail multiple choice sticking closely with the existing business line when the current business line offers attractive growth opportunities. divesting weak-performing businesses and retrenching to a narrower base of business operations. broadening the diversification base by adding and acquiring more businesses. repurchasing shares of the company's common stock and building cash reserves by investing in short-term securities. restructuring the company's business lineup through a mix of divestitures and new acquisitions.
Option (c), which entails repurchasing shares of the company's common stock and accumulating cash through investments in short-term securities, is the best choice.
What exactly do you mean by diversified companies?A diverse corporation owns or engages in business across a number of unrelated industries. Companies can diversify by starting new ventures on their own, joining forces with another business, or buying a firm that operates in a different industry or service sector. One typical type of diversified company are conglomerates.
Why does corporate strategy matter for a varied firm?So, the company strategy is to increase profitability by entering new markets and offering new products. Corporations may also aim to diversify in order to assist mitigate the dangers related to relying too much on one industry.
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on january 1 of year 1, stealth company sold a machine (classified as inventory) that had a list price of $97,200. the customer paid $16,200 cash and signed a three-year, $81,000 note that specified a stated rate of 3%. annual interest on the full amount of the principal is payable each december 31. the principal is payable on december 31, three years later. the market rate for a note of this risk is 10%. required a. compute the present value of this note. b. prepare an effective interest schedule for this note.
The fee you pay to borrow money or the fee you charge to lend money is called interest. The most common way to represent interest is as a yearly percentage of the loan amount. The interest rate on the loan is known as this percentage.
Explain about the interest schedule?
Interest Schedule refers to the interest schedule in Section 2.3, which specifies the varying annual interest rate that will be applied to the unpaid principle balance of the Loans.
Take the total loan amount and multiply it by the interest rate starting in month one. Then, divide the result by 12 to obtain the monthly interest for a loan with monthly instalments. The amount that is applied to the principal is determined by deducting the interest from the total monthly payment.
Divide the yearly rate by 12 to account for the 12 months in a year to arrive at the monthly interest rate.
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lindell stock has a current market value of $120 million and a beta of 1.50. lindell currently has risk-free debt as well. the firm decides to change its capital structure by issuing $30 million in additional risk-free debt, and then using this $30 million plus another $10 million in cash to repurchase stock. with perfect capital markets, what will be the beta of indell stock after this transaction?
The beta of Indell stock after this transaction will be 2.25 considering current market value of equity and repurchase of stock.
Given information,
Repurchase stock value = $30 million + $10 million = $40 million
beta value = 1.50
Current market value of equity = $120
less: Repurchase stock = $40 million
New Equity = $80 million
New Stock beta = current beta * current market value / new value of equity
New stock beta = 1.50 * 120/80 million
New stock beta = 2.25.
A stock's anticipated volatility in relation to shifts in the overall market is measured by the concept of beta. A stock with a beta larger than 1.0 is thought to be more volatile than the overall market, whereas one with a beta below 1.0 is thought to be less volatile.
The Camp Model, which calculates the cost of equity investment and can help you figure out the return on investment to expect relative to risk perception, includes the concept of beta.
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a perfectly competitive firm sells 300 units and realizes a profit of $6000. the average total cost at this quantity is $26. what is the market price?
Comparing total cost and total revenue to determine the highest profit. As long as it accepts the current market price, a company that operates in a highly competitive environment is free to sell as much as it wants.
Total revenue will rise if an organization sells more units at a given price.
How does a perfectly competitive business determine pricing?
A perfectly competitive business cannot set its own price because it must pay what the market's demand and supply for the product dictate. The profit equation already takes this into account, so the highly competitive company can sell as many units as it wants at the same price.
The quantity with the greatest disparity between total revenue and total costs will yield the greatest profit. A straight line rising is the total revenue for a perfectly competitive business; The slope is proportional to the product's cost.
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juju's dividend next year is expected to be $1.50. it is trading at $45 and is expected to grow at 9 percent per year. what is juju's dividend yield and capital gain? multiple choice 1.5 percent; 6 percent 9 percent; 3.33 percent 3.33 percent; 9 percent 6 percent; 1.5 percent
3.33 percent is juju's dividend yield and 9 percent capital gain.
A dividend is a distribution of profits by a corporation to its shareholders.[1] When a company earns a profit or surplus, it's ready to pay a proportion of the profit as a dividend to shareholders. Any amount not distributed is taken to be re-invested within the business (called retained earnings). this year's profit moreover because the maintained earnings of previous years are accessible for distribution; a corporation is sometimes prohibited from paying a dividend out of its capital. Distribution to shareholders is also in money (usually a deposit into a bank account) or, if the corporation has a dividend reinvestment plan, the number is paid by the issue of any shares or by share repurchase. In some cases, the distribution is also of assets.
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one of the most compelling challenges for the marketing research industry is finding individuals who combine tech savviness and analytical skills with: the ability to understand syndicated and social media data. the ability to understand new software technologies. the ability to perform high-level statistical analysis. the ability to synthesize data and present it in a compelling way.
The most challenging aspect is finding the individuals with the ability to synthesize data and present it in a compelling way.
Which is the major challenge faced by market research industry?
Choosing talent
When developing successful plans, a marketing team's collective knowledge and expertise are frequently crucial components. It might be difficult to find and keep an accomplished workforce on occasion because skilled marketers are frequently in high demand. If you're having trouble finding personnel, think about using marketing strategies during the hiring process to increase the appeal of your business to candidates.
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according to david uhlmann, department of justice (1990-1997), why do our current laws not prevent companies with egregious safety records like bp from engaging in activities that could be devastating for the environment?
The Health and Safety at Work Act (HSWA) of 1974 imposes a legal obligation on businesses to protect both their own employees' health, safety, and welfare as well as the safety of others on the job.
What is the law in the Philippines saying about safety and health?
The right to work in a safe and healthy environment must be protected. The employer is required to give enough training and education on chemical safety, electrical safety, mechanical safety, and ergonomic safety to all employees, as well as information about all forms of workplace dangers.
Why is occupational health and safety regulation necessary?
Management should give top emphasis to employee health and safety programs because they save lives, boost output, and cut costs.
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when a manufacturer asks a business to collect information from customers concerning how to improve a product, which type of utility is most likely to be affected?
When a manufacturer asks a business to collect information from customers concerning how to improve a product, D. form is the utility that is most likely to be affected.
In the field of business, a form of utility can be described as the form of the products that you supply.
If you collect information from customers on how to improve a product then you will be making changes to the form of the product based on the advice of improvement given by the customers.
Form utility can be described as the value that a product receives from a consumer. It described how a product is formed in order to meet the need of the customers.
Although a part of your question is missing, you might be referring to this question:
When a manufacturer asks a business to collect information from customers concerning how to improve a product, which type of utility is most likely to be affected?
A. Possession
B. Place
C. Time
D. Form
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brian's friend will celebrate his birthday next week, so she needs to buy him a gift. she remembers the brand of watch that he wears and considers if he would like a new one by the same maker. this is an example of what part of the consumer purchase decision process?
The part of the customer purchase decision process is internal search. It is because Brian thinks that Brian's friend would like a new one by the same maker.
Decision-making in psychology can be defined as the cognitive process resulting in the selection of a belief or a course of action among several possible alternative options. Decision making could be either irrational or rational. There are two types in decision making, such as internal search and external search. Internal search can be defined as the acquisition of information that is and available in memory. External search can be defined as the acquisition of information from sources outside of memory.
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question content area prior to the adjusting process, accrued revenue has a.been earned and cash received b.not been recorded as revenue but cash has been received c.been earned and not recorded as revenue d.not been earned but recorded as revenue
Question the content area prior to the adjusting process, accrued revenue has b.not been recorded as revenue but cash has been received.
Your annual revenue is the quantity of cash your organization earns from sales over 12 months; it no longer includes fees and charges. To calculate your annual sales, you multiply the quantity of each product you sold by using its sale price and then upload each product's annual income to determine your gross annual revenue.
Revenue is the money a company earns from the sale of its products and services. Coins waft is the internet amount of money being transferred into and out of a company. Sales afford a degree of the effectiveness of an employer's sales and marketing, whereas coins go with the flow as an extra liquidity indicator.
For accounting functions, revenue is recorded on the earnings statement in place of on the stability sheet with other properties. Sales are used to spend money on other belongings, pay off liabilities, and pay dividends to shareholders. Consequently, revenue itself is not an asset.
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ricardo is a kitchen manager at a top restaurant in austin, texas. he has been working on a plan for how to maintain cleanliness in his workplace in a manner that follows all guidelines and regulations for his city. what do we call this kind of plan that ricardo is working on?
This type of strategy, on which Ricardo is currently working, is referred to as a kitchen sanitation plan.
At one of Austin, Texas's best restaurants, Ricardo oversees the kitchen. He has been developing a strategy for keeping his workplace clean in a way that complies with all rules and regulations for his city. A sanitation plan's written cleaning procedures explain what needs to be cleaned when it needs to be cleaned, who should clean it, and how it should be cleaned.
You must carry out the ensuing actions as part of your sanitation plan. Identify every area of your company, including all of the tools, utensils, surfaces that come into contact with food, and any surfaces that don't. Describe the equipment, utensils, surfaces, and procedures used to clean and disinfect those particular locations.
Examples of the quality of cleanliness include both the abstract state of being clean and free from germs, filth, garbage, or waste, as well as the habit of achieving and maintaining that state. Most of the time, cleaning can achieve cleanliness.
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old southwest canning co. has determined that any one of four machines can be used in its chili-canning operation. the cost of the machines are estimated below, and all machines have a 5-year life. if the minimum attractive rate of return is 25% per year, determine which machine should be selected on the basis of a rate of return analysis.
Machine 4 should be selected on the basis of a rate of return analysis, because the present worth is least negative value i.e. -81,407.04
Using the formulae;
PW = CU + [(c÷r) × [tex][1-(1+r)^-^n]][/tex]
Where PW = Present worth
CU = First cost, C = AOC, r = MARR = 25% = 0.25, n = 5 years
So, for Machine 1;
PW1 = -28,000 + [(-20,000÷0.25) × [tex][1-(1+0.25)^-^5][/tex]]
PW1 = -28,000 + [(-20,000÷0.25) × 0.67232]]
PW1 = -81785.6
For Machine 2;
PW2 = -51,000 + [(-12,000÷0.25) × 0.67232]]
PW2 = -81,785.6
For Machine 3;
PW3 = -32,000 + [(-19,000÷0.25) × 0.67232]]
PW3 = -83,096.32
For Machine 4;
PW4 = -33,000 + [(-18,000÷0.25) × o.67232]]
PW4 = -81,407.04
∴ After comparing the values of all four machines we concluded that PW4 is the least negative.
Hence, Machine 4 should be selected.
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what is the expected return and standard deviation for the minimum-variance portfolio of the two risky funds? (do not round intermediate calculations. round your answers to 2 decimal places.)
The expected return and standard deviation for the minimum-variance portfolio of the two risky funds Expected return - 8.09%, standard deviation - 3.22%.
How to find the expected return for a minimum variance portfolio?
Minimum Portfolio Variance Formula Calculation
The incident management team implements these priorities using the NIMS components. When utilising NIMS components, incident management staff adheres to the three following guiding principles: Flexibility. Standardization. unity of purpose
How to find the standard deviation for a minimum variance portfolio?
Formula for Portfolio Variance
The standard deviation of the portfolio variance is given by the square root of the variance. In the calculation of the variance for a portfolio that consists of multiple assets, one should calculate the factor for each pair of assets in the portfolio.
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on june 1, davis inc. issued an $75,600, 7%, 120-day note payable to garcia company. assume that the fiscal year of garcia ends june 30. using the 360-day year, what is the amount of interest revenue (rounded) recognized by garcia in the following year? a.$882 b.$5,292 c.$1,323 d.$441
The amount of interest revenue is $441
An organisation's income from whatever investments it makes or on the debt it holds is known as interest revenue.
When someone deposits money into a savings account and chooses to do nothing with it for several months or years, that is a pretty straightforward example of interest income occurring daily.
Calculating the interest -
75,600 × 7%
= 75600 × 0.07
= 5292
Now, The note was issued on June 1
Therefore -
5292 × 30/360 ( Since June has 30 days)
= 441
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columbia properties is in the business of building homes. it has acquired land large enough to make 10 large and 10 medium-sized homes in the suburbs of portland, oregon. columbia properties has also made the required arrangements with prospective investors for financial capital. however, the local authorities are not permitting columbia properties to build the large houses due to certain permit issues. in this case, columbia properties is unable to serve its customer segments because they are not multiple choice measurable. differentiable. accessible. substantial. actionable.
Both the collection of legal rights that provide people control over expensive objects as well as the actual valuable items themselves are referred to as property.
What is the property known as?Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.Both the collection of legal rights that provide people control over expensive objects as well as the actual valuable items themselves are referred to as property.Anything over which a person or a company has legal ownership is considered property. Property can refer to both real objects, like homes, automobiles, or appliances, as well as intangible items with the potential for future value, like stock and bond certificates.To learn more about property refer to:
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which of the following individuals would be the best fit as the chief executive officer (ceo) of a startup? a. jamal, a web developer b. katelyn, an engineer c. mia, a scientist d. all of these are correct. e. none of these are correct.
Neither Jamal, a web developer, Katelyn, an engineer nor Mia, a scientist are individuals who would be the best fit as the chief executive officer (ceo) of a startup.
Who is a chief executive officer?Basically, a chief executive officer (CEO) are also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE). This officer is one of a number of corporate executives charged with the management of an organization, most especially in an independent legal entity such as a company or nonprofit institution.
A typical chief executive officer find roles in a range of organizations including the public and private corporations, non-profit organizations and even some government organizations.
The chief executive officer of a company typically reports to the board of directors and is charged with maximizing the value of the business which may include maximizing the share price, market share, revenues etc.
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cafta refers to . a. a free trade agreement between the united states and five central american countries and the dominican republic b. a proposed customs union between nations that are present near the pacific ocean c. a regional integration mechanism integrating two existing customs unions (andean community and mercosur) in south america d. a proposed free trade area for the entire western hemisphere
Cafta or also known as The Dominican Republic-Central America FTA (CAFTA-DR) refers to (A) a free trade agreement between the united states and five central american countries and the dominican republic.
The Dominican Republic-Central America FTA or also known as (CAFTA-DR) can be defined as the first free trade agreement between a group of smaller developing economies and the United States. The five central american countries are including Central American neighbors Costa Rica, Guatemala, Honduras, El Salvador, Nicaragua. Cafta was formed in July 2005 and has a purposes to eliminate tariffs and trade barriers and expand regional opportunities for the workers, consumers, farmers, manufacturers, ranchers and service providers of all the countries
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kosher pickle company acquires all the outstanding stock of midwest produce for $10.0 million. the fair value of midwest's assets is $7.0 million. the fair value of midwest's liabilities is $.8 million. calculate the amount paid for goodwill.
The amount paid for goodwill is $3.8 million. Goodwill is an intangible asset acquired when one company buys another.
What is fair value?Fair value is a rational and unbiased estimate of the potential market price of a good, service, or asset in accounting and in most schools of economic thought. When both the buyer and seller freely agree on a price, fair value is the estimated price at which an asset is bought or sold.Individuals and businesses can determine the fair value of an asset by comparing its current market value, growth potential, and replacement cost. The owner of Company B believes he can sell the stock at $50 per share once he acquires it, so he purchases a million shares at the original price.
Therefore,
The term for computing charity is given by;
Goodwill = Consideration paid– Fair value of net identifiable assets
where;
Consideration paid = $10.0 million
Fair value of net identifiable assets = Midwest's assets - Midwest's liabilities
Midwest's assets = $7.0 million
Midwest's liabilities = $.8 million
Fair value of net identifiable assets = (7.0 M- 0.8 M)
= 6.2 million
Replace in the expression below;
Goodwill = Consideration paid – Fair value of net identifiable assets
Goodwill = 10.0 M- 6.2 M
Goodwill = 3.8 million
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which of the following is a component of the monetary base? a) bonds held by banks, loans, and bank reserves b) currency in circulation plus bank reserves c) currency in circulation plus checkable deposits d) bonds held by banks plus checkable deposits e) the sum of currency in circulation, bank reserves, and checkable deposits
All cash and liquid assets in an economy on the day it is measured are included in the money supply. It consists of both cash and bank deposits that are readily accessible and usable as cash.
By placing restrictions on banks' ability to retain reserves, bank regulators have an impact on the money supply.
The amount of money in circulation, on hand as deposits in commercial banks, or both, plus the total amount of reserves held by the Federal Reserve, is the monetary base. The monetary base is a part of the money supply that only includes the most liquid assets, such as cash in the form of bills, coins, and bank deposits.
As an illustration, suppose a country has 800 million units of currency in circulation and the central bank there has 20 billion units of currency in reserve, which are deposits from the commercial banks of the nation. The sum of the currency in circulation and the reserves makes up the country's money base.
20B + 800M = 20.8B
As a result, the nation's monetary base is made up of 20.8 billion currency units.
For instance, the US had a monetary base of about $3.9 trillion by June 2016.
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b. what are some potential consequences of such a price ceiling? a decline in housing availability a decline in housing quality the development of a black market in housing housing discrimination
Call for is the amount of a good that purchasers are inclined and capable of buy at numerous fees in the course of a given time.
The required details for Demand in given paragraph
a. At fee of $1,2 hundred in step with unit, Quantity Demanded is 17,000 whilst Quantity furnished is 9,000units.
Since Quantity Demanded is extra than Quantity furnished
There is Shortage of 8000 devices within side the marketplace.
b. All of the above alternatives are accurate as fee ceiling will increase the black marketplace for housing. This is due to the fact call for is much less than deliver and there may be scarcity of houses. As a end result dealer or residence proprietor will begin disturbing excessive fees from the client which in the end create a black marketplace. This additionally degrade the residence fine and there might be discrimination among the shoppers as client with maximum willingness to shop for gets the residence. The courting among fee and amount call for is likewise referred to as the call for curve.
Demand for a particular object is a characteristic of an object's perceived necessity, fee, perceived fine, convenience, to be had alternatives, purchasers' disposable earnings and tastes, and lots of different alternatives.
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if a firm has total revenue of $200 million, explicit costs of $190 million, and implicit costs of $30 million, its economic profit is: group of answer choices -$10 million. $200 million. $70 million. $10 million. -$20 million.
The economic profit is -$20 million.
What is economic profit?Economic profit is defined as a profit or a loss that can be determined by deducting the explicit costs and the opportunity costs from the money or the revenue generated by a company. It is important to mention that economic profit helps in the measurement of efficiency, and success, and also ranks the different opportunities. Furthermore, the calculation also has certain disadvantages and including issues in making estimations, and does not have certain financial aspects.
Given that,
Total revenue = $200 million
Explicit costs = $190 million
Implicit costs =$30 million
Hence,
Economic profit = 200 - (190 + 30) = 200 - 220 = -20 million
It can be concluded that the economic profit is -$20 million.
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Which of the following would use a 1040 tax return form in order to itemize their deductions?
A: The government
B: Small businesses
C: Large corporations
D: Married people with children
Small businesses would use a 1040 tax return form in order to itemize their deductions. A person must submit an Income Tax Return (ITR) form to the Indian Income Tax Department. It includes details on the individual's earnings and the yearly taxes owed. Tax refunds and tax returns are not the same thing.
However they are related. For instance, your tax refund may increase depending on the credits and deductions you claim. Additionally, if businesses need to get your anticipated refund quickly, filing online and well in advance of the due date will help. When too much money is withheld from their tax return, the taxpayer gets a refund at the end of the year.
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which profit-oriented pricing objective is common in many firms because the targets can be set and performance measured quickly? multiple choice question. unit volume maximization target return managing for long-run profits maximizing current profit
Profitability pricing targets, which establish a connection between the advantages offered by a certain activity or thing and the expenditure of money or other resources, include those that aim to maximize profits or achieve a target return on investment.
For a business, profitability has three different goals. usually expressed in terms of ROI or ROA
long-term management of profitability
increasing gains already made
Target Reviewer
When knowledge and skill are combined, high-quality products can be created and eventually succeed in competitive markets.
Contrary to its development cost, the price of commodities is comparatively low. However, the government anticipates eventually making more money since it has a substantial market position in a corporation.
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warehouses hold some products for lengthy periods in order to multiple choice lower fixed costs. expedite a purchase. standardize products. create time utility. facilitate the grading process.
Option (d) is the best choice. In order to create time utility, warehouses keep some products for extended periods of time.
In what ways do warehouses save time?By its very nature, warehouse efficiency software is designed to save your business time and money. It can revolutionize how your entire business runs by significantly lowering the amount of labor your staff is doing, removing processing errors, and combining steps in your process.
What does warehousing provide as a means for?Before being transported to another site, materials or supplies are stored in a warehouse.
In what kind of a warehouse are items kept for a long time?Storage Warehouses: As part of a company's outbound supply chain operation, this sort of warehouse is frequently utilized for the long-term storage of finished items. Storage facilities used to be very prevalent since many businesses used a "push" or make-to-stock supply chain approach.
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concertville is hosting a series of outdoor concerts in the park. the concert series will cost the city $600 to host. city officials expect the concert series to draw a crowd of 150 people, 25 of whom will free ride. based on this information, how much should city officials charge for the concert series in order to cover the $600 expense?
City officials should charge $4.8 per person for the concert series in order to cover the $600 expense.
Expected number of people = 150
Expected number of people that would free ride = 25
Number of expected people to pay the amount -
Expected number of people - Expected number of people that would free ride
= 150 - 25
= 125
Cost to charge per person -
Total cost / Number of expected people to pay
= 600 / 125
= 4.8
Therefore, city officials should charge $4.8 per person for the concert series in order to cover the $600 expense.
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A ______ is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.
A patent is a form of intellectual property that gives exclusive rights granted by a sovereign state to an inventor or assignee for a limited period of years in exchange for detailed public disclosure of an invention.
What is a patent?
A patent is a type of intellectual property that gives the owner of one product or creation the legal right to exclude others from using, making, or selling an invention. Patent rights fall under private law. The patent holder can sue someone who infringing the patent in order to enforce their rights. There are three types of patents, they are design patents, utility patents, and plant patents.
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merchandise invoiced at $9,500 is sold on terms 1/10, n/30. if the buyer pays within the discount period, what amount will be reported on the income statement as net sales?
Net sales are what are left over after subtracting all returns, allowances, and sales discounts from gross sales.Net sales, which includes all forms of sales and associated deductions, is often the overall amount of revenue reported by a company on its income statement.
Solve the problem ?Sales Revenue is listed at the top of the Income Statement in the Revenue portion. It's typically broken out from Total Revenue and may be broken down into revenue streams, as well (more on those in the next section).
The formula for net sales explained
Net Sales = Gross Sales – Sales Returns – Allowances – Discounts.
Net Sales = (Total Units Sold x Sale Per Unit Price) – Sales Returns – Allowances – Discounts.
Net Sales = (25,000 x $20) - $40,000 - $60,000 - $20,000 = $380,000.
The net sales will be computed with the formula net sales = gross sales – returns – allowances – discounts.
$9500 - 950
8550
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wingate company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: sales $ 1,550,000 variable expenses 618,000 contribution margin 932,000 fixed expenses 1,025,000 net operating income (loss) $ (93,000) in an effort to resolve the problem, the company would like to prepare an income statement segmented by division. accordingly, the accounting department has developed the following information: division east central west sales $ 400,000 $ 610,000 $ 540,000 variable expenses as a percentage of sales 49% 32% 42% traceable fixed expenses $ 275,000 $ 327,000 $ 194,000 required: 1. prepare a contribution format income statement segmented by divisions. 2-a. the marketing department has proposed increasing the west division's monthly advertising by $21,000 based on the belief that it would increase that division's sales by 18%. assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. would you recommend the increased advertising?
1. The preparation of a contribution format income statement segmented by divisions is as follows:
Wingate Company
Segmented Contribution-Format Income StatementEast Central West Total
Sales $ 400,000 $ 610,000 $ 540,000 $1,550,000
Variable expenses 196,000 195,200 226,400 617,600
Contribution margin $204,000 $414,800 $313,600 $932,400
Traceable fixed expenses $275,000 $ 327,000 $ 194,000 $796,000
Segment net income/loss ($71,000) $87,800 $119,600 $136,400
Common fixed expenses $229,000
Net loss $92,600
2a) The net operating income of Wingate Company would increase by $34,976 or the net loss reduces by $34,976.
2b) If the increased advertising for the West's Division would increase West's net income by $34,976, I would highly recommend it.
What is a segmented income statement?A segmented income statement is a financial statement that shows the financial performance of each division or department in a company.
Preparing a segmented income statement helps management to understand the divisions' performances to encourage improvement, reward, and control.
Wingate Company
Contribution-Format Income StatementSales $ 1,550,000
Variable expenses 618,000
Contribution margin 932,000
Fixed expenses 1,025,000
Net operating income (loss) $ (93,000)
East Central West
Sales $ 400,000 $ 610,000 $ 540,000
Variable expenses as a percentage of sales 49% 32% 42%
Traceable fixed expenses $ 275,000 $ 327,000 $ 194,000
Wingate Company
Segmented Contribution-Format Income StatementEast Central West Total
Sales $ 400,000 $ 610,000 $ 637,200 $1,647,200
Variable expenses 196,000 195,200 267,624 658,824
Contribution margin $204,000 $414,800 $369,576 $988,376
Traceable fixed expenses $275,000 $ 327,000 $ 215,000 $817,000
Segment net income/loss ($71,000) $87,800 $154,576 $171,376
Common fixed expenses $229,000
Net loss $57,624
Reduction in Net Loss:Old proposal = $92,600
New proposal = $57,624
Loss Reduction = $34,976
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which of the following regions describes the euro zone? a. a region that has a common currency b. a region that comprises eu members without a common currency c. a region that comprises all eu members d. a region that has passport-free traveling
a. a region that has a common currency describes the euro zone.
A currency is a standardization of money in any form, in use or movement as a medium of alternate, for example banknotes and cash. A more general definition is that a foreign money is a machine of cash in not unusual use within a selected environment through the years, specially for people in a state state. forex is a medium of exchange for goods and offerings. In brief, it's money, inside the shape of paper and cash, usually issued by means of a central authority and generally prevalent at its face value as a technique of fee.
Currency may be decided in two most important ways: a floating price or a hard and fast rate. A floating fee is determined by the open market through supply and demand on international forex markets. therefore, if the demand for the foreign money is high, the fee will boom.
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