All categories

3 years ago

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:

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales 610,000

Less : Cost of goods sold 435,000

Gross profit 175,000

Less; Expenses

Salaries 113,000

Utilities 15,600

Depreciation 54,400

Office expenses 29,600 212,600

Operating loss $37,600

Jansen Company

Departmental Income Statement—Ski Department

For Year Ended 2019

Sales 610,000

Less : Cost of goods sold 435,000

Gross profit 175,000

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 134,900

Contribution to overhead $40,100

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

You might be interested in

The following information pertains to Crane Company. 1. Cash balance per bank, July 31, $11,136. 2. July bank service charge not

Alexus [3.1K]

Answer:

1. Adjusted cash balance per bank $13,760

Adjusted cash balance per books $13,760

2. Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

Explanation:

1. Preparation of a Bank reconciliation statement

at July 31, 2022

CRANE COMPANY

Bank Reconciliation

July 31,2022

Cash balance per bank statement $11,136

Add: Deposits in transit $4,544

Less: Outstanding checks ($1,920)

Adjusted cash balance per bank $13,760

Cash balance per books $11,264

Add: Electronic Funds transfer Received $2,560

Less: Bank service charge ($64)

Adjusted cash balance per books $13,760

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

Jul-31

Dr Cash $2,560

Cr Notes Receivable $2,560

Jul-31

Dr Miscellaneous Expense $64

Cr Cash $64

7 0

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.

7 0

3 years ago

The trial balance of Sheridan Company at the end of its fiscal year, August 31, 2017, includes these accounts:

Natalija [7]

Answer:

The answer is $229,200

Explanation:

Cost of sales equals:

Beginning inventory plus purchases minus ending inventory.

Beginning inventory is $23,570

Purchases(net Purchase) is

Purchases $224,020

Add: Freight-In. $9,770

Minus: Purchase Returns. and Allowances. ($5,460)

Net Purchase:. $228,330

ending inventory is $22,700.

Therefore, cost of goods sold is:

$23,570 + $228,330 - $22,700

=$229,200

6 0

3 years ago

Kitchen Stories is all about baking and healthy cooking. It is a new cooking app that offers a world of recipes. With easy-to-fo

liberstina [14]

Kitchen Stories uses pioneer advertising because: it offers consumers in-depth information about the benefits of the product class.

<h3 /><h3>What is pioneer advertising?</h3>

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.

Thefrefore it offers consumers in-depth information about the benefits of the product class.

Learn more about pioneer advertising here:brainly.com/question/27332147

#SPJ1

8 0

2 years ago

One reason people do not get enough to eat in a country is because:

Assoli18 [71]

Answer:

Explanation:

One reason people do not get enough to eat in a country is because some crops are grown for export, leaving little to consume internally.

The amount of money made by expoting this crops is more beneficial to the economy and to the farmers that they prefer to export than to sell locally.This akes the crops scare in the country and equally very expensive.

7 0

3 years ago