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nikitadnepr [17]
3 years ago
5

Jansen Company reports the following for its ski department for the year 2019. All of its costs are direct, except as noted.

Business
1 answer:
zhuklara [117]3 years ago
4 0

Answer:

1.

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales  610,000

Less : Cost of goods sold  435,000

Gross profit  <u>175,000 </u>

Less; Expenses  

Salaries  113,000

Utilities  15,600

Depreciation  54,400

Office expenses  29,600 <u>212,600</u>

Operating loss  <u>$37,600</u>

<u></u>

2.

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales  610,000

Less : Cost of goods sold  435,000

Gross profit  <u>175,000 </u>

Less; Direct Expenses  

Salaries  88,000 (113,000 - 25,000)

Utilities  9,900 (15,600 - 5,700)

Depreciation  37,000 (54,400 - 17,400)

Total Direct Expenses <u>134,900</u>

Contribution to overhead <u>$40,100</u>

They should not eliminate the Ski Department because it would contribute $40,100 to overhead.

<u></u>

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Answer:

1. Adjusted cash balance per bank $13,760

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2. Jul-31

Dr Cash $2,560

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Explanation:

1. Preparation of a Bank reconciliation statement

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July 31,2022

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2. Preparation of the adjusting journal entries at July 31 on the books of Crane Company.

Jul-31

Dr Cash $2,560

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Dr Miscellaneous Expense $64

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3 years ago
Corporate-level strategies are strategies a firm uses to diversify its operations from a single business competing in a single m
andrew-mc [135]

Answer:

a. False

Explanation:

Corporate level strategies are undertaken by the top management formulating strategic business policies with a purpose of achievement of long term goals and objectives.

Such policies affect the organization as a whole. The purpose of corporate level strategies is to maximize profits over a period and ensure success.

Diversification strategy is aimed at adding operations to pre existing line of operations into different category of products and markets and explore new business ventures.

Hence, corporate level strategies are not limited to diversification strategy as the concept of corporate level strategy is much broader.

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Answer:

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Cost of sales equals:

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Pioneer advertising can be defined as the way of creating awareness  about a new product.

Pioneer advertising provide detailed information that a person need to know about a product as it help to educate customers  about what a product entails.

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2 years ago
One reason people do not get enough to eat in a country is because:
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C

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