FIRST ANSWER GETS BRAINLIEST!

Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution marg

a_sh-v [17]

Answer:

<u>North Division:</u>

Sales 154,000 12.8%

Variables Cost 101,640 8.44%

Contribution Margin 52,360 4.39%

<u>South Division:</u>

Sales 1,050,000 87.20%

Variables Cost 630,000 52.33%

Contribution Margin 420,000 34.84%

Total Contribution 472,360 39.23%

Fixed Cost 262,500 21.18%

Net Income 209,860 17.43%

Explanation:

First we do the income statements

then we add both sales figures together:

154,000 + 1,050,000 = 1,204,000

And add the percentajeof sales for each line

4 0

4 years ago

David and Darlene Jasper have one child, Sam, who is 6 years old (birthdate July 1, 2012). The Jaspers reside at 4639 Honeysuckl

Andrei [34K]

Answer:

Explanation:

David:

Earnings from Apple Company (office manager)

$26,125

Federal income tax withheld

2,800

State income tax withheld

1,050

Darlene:

Earnings from Rose Company (perfume tester)

$25,100

Federal income tax withheld

2,650

State income tax withheld

900

Their other income includes interest from Pine Tree Savings and Loan of $1,825. Other information and expenditures for 2016 are as follows:

Interest:

On home acquisition mortgage

$11,250

Credit card

925

Taxes:

Property taxes on personal residence

1,300

State income taxes paid in 2016 (for 2015)

315

Contribution (with written acknowledgement) to church

990

Medical insurance

475

Medical and dental expenses

5,800

Income tax return preparation fee paid in 2016

200

Actual general state sales tax for 2016

1,016

Payment of union dues

225

3 0

3 years ago

The statement of shareholders’ equity reports the transactions that cause changes in its shareholders’ equity account balances.

vazorg [7]

Answer:

B) the issuance of bonds.

Explanation:

Equity which represents the amount owed to the owners of the business includes retained earnings (which is the accumulation of the net income/loss over the years less dividends paid) and common shares.

As such, the sale of additional shares of stock, net income and declaration of dividend are typical reasons for changes in shareholder's equity however, the issuance of bonds is a liability (usually non-current).

6 0

3 years ago

A manager invests $20,000 in equipment that would help the company reduce it's per unit costs from $15 to $12. He expects the eq

yKpoI14uk [10]

Since the cost of $20,000 has been incurred two years ago, the firm should check and see as to how many units of the product were produced in the two years. Did the firm produce enough items to break even the cost of acquisition. Additionally the business should also check the current market value of this two year old equipment. The business manager should weigh in the savings that is to be obtained from outsourcing along with the resale value of the old machine and then take a declension as to whether the company should go for outsourcing. Also, the business manager must examine whether the outsourcing can happen for the long run. This is because two years down the line, outsourcing may have increased the cost and again another process may look attractive. So a through cost benefit analysis should be made before taking a decision.

6 0

3 years ago

Tubby Toys estimates that its new line of rubber ducks will generate sales of $7 million, operating costs of $4 million, and a d

Pavlova-9 [17]

Answer:

$2,300,000

Explanation:

The formula to compute the operating cash flow is shown below:

= EBIT + Depreciation - Income tax expense

where,

EBIT = Sales - operating expenses - depreciation expense

= $7,000,000 - $4,000,000 - $1,000,000

= $2,000,000

And, the income tax expense is

= $2,000,000 × 0.35

= $700,000

So, the value would equal to

= $2,000,000 + $1,000,000 - $700,000

= $2,300,000

We simply applied the above formula

7 0

3 years ago