For each company, calculate the missing amount. Sales Cost of Goods Sold Gross Profit Operating Expenses 2,600 $ Company Net Income Revenue Lennon $. 14,400 6,200 $ 3,600 Harrison 14,600 9,200 4,200 1,200 McCartney Starr 9,400 7,200 2,200 600 12,400 4,200 8,200 5,600

Suresh Company reports the following segment (department) income results for the year. Department M Department N Department 0 Department P $ 82,000 $ 44,000 $ 78,000 $ 65,000 Sales Expenses Avoidable Unavoidable Total expenses Income (loss) Department Department M Department N Department O Department P Department T 17,300 45,400 57,800 21,600 75, 100 67,000 $ 6,900 $ (23,000) Decision 18,000 5,700 23,700 $ 54,300 21,500 54,300 75,800 $ (10,800) Department T $ 43,000 51,300 20,300 71, 600 $ (28,600) Total $ 312,000 a. If the company plans to eliminate departments that have sales less than avoidable costs, which department(s) would be eliminated? 153,500 159, 700 313, 200 $ (1,200)

The following information pertains to Guy's Gear Company: Sales $77,000 Expenses: Cost of Goods Sold Depreciation Expense Salaries and Wages Expense $48,500 5,700 11,700 65,900 $11,100 Net Income $ 3,700 7,700 Accounts Receivable Decrease Inventory Increase Salaries and Wages Payable Increase 720

Cost of Goods Sold, Profit Margin, and Net Income for a Manufacturing Company The following information is available for Bandera Manufacturing Company for the month ending January 31: Cost of goods manufactured Selling expenses Administrative expenses Sales Finished goods inventory, January 1 Finished goods inventory, January 31 $4,490,000 530,000 340,000 6,600,000 880,000 775,000 (a) For the month ended January 31, determine Bandera's cost of goods sold. Bandera Manufacturing Company Cost of Goods Sold January 31 Finished goods inventory, January 1 Cost of goods manufactured Cost of finished goods available for sale Less finished goods inventory, January 31 Cost of goods sold

Warrior Industries Income Statement for year ending 12/31/20XX Sales revenue Less cost of goods sold Gross margin Less operating expenses Marketing Sales and administrative Depreciation ood to go Total operating expenses Operating income Less interest expense Income before taxes Income tax expense Net income E 40,000 20,000 10,000 5. 456,428 205,200 251,228 70,000 181,228 7,000 174,228 40,000 134,228 Assets Current Assets Cash Accounts receivable Inventory Fixed assets Total assets O Warrior Industries Balance Sheet for 12/31/20XX Total current assets Property, plant and equipment Accumulated depreciation Net fixed assets Liabilities and Owner's Equity Current liabilities Accounts payable Note payable to bank Deposits from customers N Total current liabilities Long term mortgage Owner's Equity Total liabilities Retained earnings Total Owners' Equity Total liability and equities $ 52,400.00 $ 11,000.00 $ 15,900.00 $ 79,300.00 $ 80,000.00 $ (20,000.00) $ 60,000.00 $139,300.00 $ 5,300.00…

Sales 218,000                                               Gain on sale of equipment $ 6,290           epreciation expense—Office copier $ 530  Office supplies expense 620  Sales discounts 16,700 Insurance expense 1,380 Sales returns and allowances 3,900  TV advertising expense 3,800 Office salaries expense 31,100 Interest revenue 650  Rent expense—Selling space 11,600 Cost of goods sold 91,000   Sales staff wages 23,700 Sales commission expense 13,100 whats the total income profited

Baseball Soccer Basketball Total Sales revenue $1,140,000 $3,270,000 $2,161,000 $6,571,000 Variable cost of goods sold 772,000 2,125,500 1,729,600 4,627,100 Fixed cost of goods sold 104,900 170,700 150,700 426,300 Gross profit 263,100 973,800 280,700 1,517,600 Variable operating expenses 154,400 523,200 216,100 893,700 Fixed operating expenses 72,600 76,300 66,300 215,200 Common fixed costs 54,500 118,000 88,100 260,600 Operating income ($18,400) $256,300 ($89,800) $148,100 Doug is concerned that two of the company's divisions are showing a loss, and he wonders if the company should stop selling baseball and basketball gear to concentrate solely on soccer gear. (a) Prepare a segment margin income statement. Fixed cost of goods sold and fixed operating expenses can be traced to each division. (If the amount is negative then enter with a negative sign preceding the number, e.g. -5,125 or parenthesis, e.g. (5,125).) Baseball $ Soccer $ $ $ $ $ Basketball $ 69 $ Total