Exercise E Two segments (Mountain Bike and Road Bike) showed the following data nost recent year: Mountain bike F Contribution to indirect expenses $ 840,000 Assets directly used by and identified with the segment 2,520,000 Sales 3,360,000
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- 7-2 Project: Company Accour x 121. Project Guidelines and Rubric x 121. 7-1 Problem Set: Module Sev X CengageNOWv2 | Online tea now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker3&takeAssignmentSessionLocator3D&inprogress3false eBook Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 Average total assets Determine the return on total assets. If required, round the answer to one decimal place. 1.8 Check My Work Divide the sum of net income and interest expense by average total assets. Previa Check My Work ADE dyChapter ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheducation xam 3-Chapter 15, 16, and 17 Saved 15 The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: Pretax accounting income included: Overweight fines (not deductible for tax purposes 2 2 9279-42 Skippe $ 160 8 80 119 Depreciation expense Depreciation in the tax return The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is: Multiple Choice Type here to search W $121 G Y H F8 Z 74°F Clear F9 F10 F119 F12 PrtScr Insert Deleteing and learning resource from Cengage Leaming - Google Chrome takeAssignment/takeAssignmentMain.do?invoker=&ttakeAssignmentSessionLocator=8inprogress%3false еВook Organization Costs S&W Plumbing decided to incorporate and has incurred the following costs of organizing: Incorporation fees $ 400 Attorneys' fees 4,200 Promotion expenses 5,300 Prepare the entry for the payment of these organization costs for cash on January 31. Page: DOC. POST. NO. REF. DATE ACCOUNT TITLE DEBIT CREDIT 20-- 1 Jan. 31 1 3 3 hp
- pject: Company Accour X DEL. Project Guidelines and Rubric x DEL 7-1 Problem Set: Module Sev X CengageNOWv2 |Online tea x com/ilm/takeAssignment/takeAssignmentMain.do?invoker3D&takeAssignmentSessionLocator3D&inprogress=false eBook 4Show Me How Return on Total Assets A company reports the following income statement and balance sheet information for the current year: Net income $224,540 Interest expense 39,620 000'080 Determine the return on total assets. If required, round the answer to one decimal place. Average total assets Feedback Check My Work Divide the sum of net income and interest expense by average total assets. Check My Work ( Previous *AD dyquestion O C. Work in Progress Finished Product 48 Given the following data; TOTAL SALES OMR 250000 CASH SALES OMR 125000 SALES RETURN OMR 5000 OPENING SUNDRY DEBTORS OMR 20000 CLOSING SUNDRY DEBTORS OMR 10000 What will be the average debtors? ut of O a. OMR 15000 uestion O b. OMR 7500 O c. OMR 30000 O d. OMR 10000 pe here to search Pa lenovoChapter X + mheducation.com/ext/map/index.html?_con=con&external_browser=0&launch Url=https%253A%252F%252Fnewconnect.mheduca apter 15, 16, and 17 i Saved 10 The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax accounting income: Pretax accounting income included: $ 160 N Overweight fines (not deductible for tax purposes) 8 80 119 Depreciation expense Depreciation in the tax return The applicable tax rate is 25%. There are no other temporary or permanent differences. Franklin's taxable income ($ in millions) is: Multiple Choice here to search $121. F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 Priser % 00 75°F Cle
- eBook Show Me How Office 365 Question Content Area Profit center responsibility reporting Championship Sports Inc. operates two divisions—the Winter Sports Division and the Summer Sports Division. The following income and expense accounts were provided from the trial balance as of December 31, 20Y9, the end of the fiscal year, after all adjustments, including those for inventories, were recorded and posted: Line Item Description Amount Sales—Winter Sports Division $9,600,000 Sales—Summer Sports Division 15,000,000 Cost of Goods Sold—Winter Sports Division 5,500,000 Cost of Goods Sold—Summer Sports Division 9,500,000 Sales Expense—Winter Sports Division 780,000 Sales Expense—Summer Sports Division 1,000,000 Administrative Expense—Winter Sports Division 700,000 Administrative Expense—Summer Sports Division 1,440,000 Advertising Expense 1,099,000 Transportation Expense 150,000 Accounts Receivable Collection Expense 67,000 Warehouse Expense 966,000…mheducation.com/ext/map/index.html?_con%3Dcon&external_browser-D0&launchUrl=https%253A%252F%252Flms.mheducation.com%252Fmghmiddleware%252 ework: Assignment 1 Saved Income statements for Thornton Company for Year 3 and Year 4 follow: THORNTON COMPANY Income Statements Year 3 $201,300 $181,300 Year 4 Sales Cost of goods sold Selling expenses Administrative expenses 000'T 000'tZI 20,500 18,500 009'ZI 009 5T 3,300 $179,400 5,300 $159, 400 Interest expense Total expenses Income before taxes 006'29 006'1 Income taxes expense 6,200 005'E Net income $ 15,700 $ 18,500 Required a. Perform a horizontal analysis, showing the percentage change in each income statement component between Year 3 and Year 4 b. Perform a vertical analysis, showing each income statement component as a percentage of sales for each year. Complete this question by entering your answers in the tabs below. Required A Required B the nercentage change in each income statement component between Year 3 and Yearmy.sharepoint.com/w:/t/personal/hayess_students_an_edu/_layouts/15/Docaspx?sourcedoc=(c6 anvas erences Review View Help Editing i Share A^ A U Ov Av Ao E E E E E ACC200 PRINCIPLES OF ACCOUNTING III ASSIGNMENT 4 EA1. LO 6.1Steeler Towel Company estimates its overhead to be $250,000. It expects to have 100,000 direct labor hours costing $2,500,000 in labor and utilizing 12,500 machine hours. Calculate the predetermined overhead rate using: A. Direct labor hours B. Direct labor dollars C. Machine hours FA2
- Complete this question by entering your answers in the tabs below. Req 1A Reg 1B Revenues Variable expenses Contribution margin Traceable fixed expenses: Prepare a properly formatted segmented income statement. Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Req 2A Program segment margins General administrative overhead Net operating income (loss) Req 2B Total 0 0 0 0 0 0 0 House- keeping 0 0 0e| MyUSF A My Home CengageNOWv2|Online teachir x engagenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker-&takeAssignmentSessionLocator=&inpro. to Product J is one of the many products manufactured and sold by Oceanside Company. An income statement by product line for the past year indicated a net profit for Product J of $2,750. This net profit resulted from sales of $275,000, cost of goods sold of $186,500, and operating expenses of $85,750. It is estimated that 30% of the cost of goods sold represents fixed factory overhead costs and that 40% of the operating expense is fixed. If Product J is retained, the revenue, costs, and expenses are not expected to change significantly from those of the current year. Because of the large number of products manufactured, the total fixed costs and expenses are not expected to decline significantly if Product J is discontinued. Prepare a differential analysis report dated February 8 of the current year. If an amount is zero, enter "0". If…ezto.mheducation.com Homework: Cost Management and Allocation Assignment Question 7- Homework: Cost Management and Allocation Assignment- Connect Homework: Cost Management and Allocation Assignm... i Saved Help Save & Exit Submit Check my work State Financial Corp. has three service departments (Administration, Communications, and Facilities), and two production departments (Deposits and Loans). A summary of costs and other data for each department prior to allocation of service department costs for the year ended December 31 follows. 4. points Administration Communications Facilities Deposits $8,320,000 $4,600,000 447, 000 Loans Direct costs $200,000 24,000 $290,000 31,000 $253,000 20,500 Employee hours Number of employees Square footage occupied Skipped 360,000 8. 14 6. 230 130 4,600 13,800 5,100 244, 100 203,300 The costs of the service departments are allocated on the following bases: Administration, employee-hours; Communications, number of employees; and Facilities, square…