margin and contribution margin ratio are $150,000 and 75%, respec-tively. The East Division's segment margin is $70,000. The company has $60,000 of common fixed costs that cannot be traced to either division. Required: Prepare an income statement for Michaels Company that uses the contribution format and is segmented by divisions. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales
Q: How do I code it on excel so I can't input a PO# that has already been used in the payable register.…
A: Answer: Follow steps below: 1. Firstly select whole cell on which PO# has been filled. 2. Go to Data…
Q: Complete the spreadsheet by calculating Gross Profit; Gross Profit Margin; ROE; D/E; Current Ratio;…
A: Note: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question…
Q: File Edit View History Bookmarks Profiles Tab Window Help nbox (2 x M ACC101 X (4726) IFX Account x…
A: Incorrect Purchase Return Posting to Inventory Account: The mismatch should be found during the…
Q: oogle Chrome File Edit View History Gbis- Google Search Bookmarks Profiles Tab Window Help MInbox…
A: Answer image:
Q: No chatgpt used i will give 5 upvotes typing please
A: I can't access the specific image you sent containing the circuit diagram, but based on the…
Q: × M Question 3 - Chap File Edit View History Google Search Bookmarks Profiles Tab Window Help x…
A: Answer information:Step 1:Requirement 1 and 2Journal entryDateAccountDrCr Cash$34,000 Computer…
Q: 7. During March, a company's Department X equivalent unit product costs, computed under the weighted…
A: WIP inventory = Work-in-process inventory The question says that 4000 units are in WIP at March 31.…
Q: M2 Project wVU MIX Username: De you intend to major in one of the College of Business and Economic's…
A: Assets=Liabilities+Shareholders' Equity
Q: Question 2 Use basic principles of Algebra and apply mathematical skills to finance decisions a)…
A: The value that a manufacturer puts to the cost price of an item is referred to as mark up. The…
Q: From worksheet sheet1, in cell M6, find the least common multiplier of Loss for all the months in…
A: Least Common Multiple or LCM is defined as the smallest number, which has the product of two or more…
Q: ) Scully Company incurs variable costs of 65% of sales and fixed costs of $276,640. If the company's…
A: Break-even analysis is a technique used widely by the production management. It helps to determine…
Q: matsApp. File Edit View Chat Call Window Help MInbox (229) - abigailo XM Gmail xiConnect - Home x M…
A: Post the adjusting entries in your worksheet and update the adjusted trial balance. Include in your…
Q: Record the following transactions in the General Journal of KBC Decorating Co., making note of the…
A: HST is payable to the government when goods are sold to the customer and HST is collected from him.…
Q: M2 Project wVU MIX Username: Shareholders' Equity Diagnostic Check: Assets Liabilities Do you intend…
A: Accounting equation is the basic relationship between the assets, liabilities and shareholders'…
Q: From the following Trial Balance of M/s. Ram & Sons. Prepare Trading and Profit and Loss Account for…
A: Trading and Profit and loss account of the business shows all direct and indirect expenses related…
Q: The following transactions were completed by the company.
A: It is the equation that states that the total assets of an entity is equal to the sum of total…
Q: Markson and Sons leases a copy machine with terms that include a fixed fee each month of $500 plus a…
A: The high low method is used to find the fixed cost and variable cost from the mixed cost.
Q: No chatgpt used i will give 5 upvotes typing please
A: Given:One angle is 30 degrees.The side opposite this angle is 9 cm.We need to find the hypotenuse…
Q: Use the following information for exercise 15 to 18 LO P2 [The folowing information apples to the…
A: Given: Revenue = $12,820 Rent expenses = $2,530 Salaries expenses = $5,780 Telephone expenses = $790…
Q: ) Peter Company manufactures a product in three processes: Cutting, Assembly, and Packaging. In the…
A: Process costing: It is a type of costing method, where the direct costs are accumulated and indirect…
Q: Use the following information for exercise 15 to 18 LO P2 (The following information apples to the…
A: Ernst Consulting Balance Sheet…
Q: D rome File Edit View History Bookmarks Profiles Tab Window Help bjs- Google Search X WiConnect -…
A:
Q: *Used 100% for business purposes. Karane generated taxable income in 2022 of $1,792,500 for purposes…
A: It is depreciation method that provides greater accelerated depreciation in the initial years of…
Q: ube A Maps t Login - Rowan Uni.. My Drive - Google. D ID.me | Simple, Se. Division of Unemp. Class…
A: Date General Journal Debit CreditFeb-05 Retained earnings (60,000*2%*$36) $ 43,200 Common Stock…
Q: Anna Inc. sells two products as follows: Product A Product B Units sold 3,800 4,750 Selling price…
A: Break-Even Point: Your company has reached its break-even point when its entire expenses and total…
Q: CASH + ACCTS REC + SUPPUES+ EQUIPMT ACCTS PAY + NOTES PAY + WALL CAP Remarks for OE A=L+OE? 1. Owner…
A: Accounting Equation signifies that the assets of a frim are always equal to the summation of…
Q: еBook Show Me How Analysis of Receivables Method At the end of the current year, Accounts Receivable…
A: Computation of amount of adjusting entry of uncollectible accounts The balance for allowance for…
Q: ome File Edit View History Bookmarks Tab Profiles Window Help ojs-Google Search X WiConnect - Home X…
A:
Q: me File Edit View History M Inbox (2 x M ACC1011 Bookmarks Profiles Tab Window Help x (4726) IF X…
A: Detailed explanation:Accounts Receivable ledger "Feb 3, the debit of $ 410 increased the balance of…
Q: [The following information applies to the questions displayed below.j Leach Incorporated experienced…
A: Recording of journal entries is one of the initial step used in accounting cycle. After that,…
Q: 1- Which numbers given below are the first digits of income statement accounts? A) 3,4 B) 5,6 C) 4,5…
A: “Since you have posted a question with multiple sub parts, we will provide the solution only to the…
Q: On the Ticket Prices worksheet, use an Excel feature to remove all formatting from B2:C5. Don't make…
A: The objective of the question is to remove all formatting from cells B2 to C5 in the 'Ticket Prices'…
Q: No chatgpt used i will give 5 upvotes typing please
A: Step 1: Rewriting the given transfer function in frequency constant…
Q: Morris Industries manufactures and sells three products (AA, BB, and Sales Price Variable Cost…
A: The break even sales are the sales where business earns no profit no loss during the period. The…
Q: ome Edit File View History Bookmarks Profiles Tab Window Help MInbox (2 x MACC101 x (4726) X Account…
A: Sales journal - records the sale of inventory and merchandisePurchases journal - records the…
Q: ome File Edit View History Bookmarks Profiles Tab Window Help Inbox (228) - able x MACC101 Principle…
A: Dear student, I have provided a detailed answer and explanation to your assignment. Please pay close…
Q: 4.b Gross Sales Returns & allow (72,400.00) Net Rev 100.00 CGS Beg Inv Purchase Returns & allow…
A: Net Revenue = Gross Sales - Return and Allowances
Q: Logic itled form /e/1FAlpQLSddtl3jMNXR1Z_FruZfld9vTWQBWIIXPOt8Gf5XJFq3pjMM 2.a Give example of a…
A: INTRODUCTION Proof: Proofs are reasonable arguments that are stated as statements of fact and are…
Q: me File Edit View History Bookmarks Profiles Tab Window Help Inbox (2 x MACC101 X (4726) X Account…
A: Sales journal - records the sale of merchandise. Purchases journal - records the purchase of…
Q: The following transactions were completed by the company. a. The company completed consulting work…
A: Accounting Equation: Total assets equal total liabilities and equity, according to an accounting…
Q: For each of the transactions for the month below, journalize the necessary entry. The first entry…
A: Job costing is a system in which costs are recorded for a particular job rather than the entire…
Q: File Edit View History Bookmarks Profiles Tab Window Help Netflix 118 Inbox (2 x MACC101 X Account…
A: January TransactionsJanuary 4Debit: Wages Expense (5 days x $185/day = $925)Credit: Cash…
Q: a. The owner (Alex Carr) invested $15,800 cash in the company. b. The company purchased supplies for…
A: Double accounting system has dual effect with respect to debit and credit. Accounting equation is…
Q: Problem 11 The accounts of DMCI Holdings, Inc. revealed the following facts on August 31,2019.…
A: Bank Balance as per Statement 12,00,000 We need to find the cash balance as on 31 august
Q: signment i Use the following information for the Quick Studies below. (Algo) [The following…
A: Statement of owners' equity is one of the financial statements that shows change in amount of equity…
Q: AutoSave C Of A MidTerm Practice ExamAK2020Update - Protected View- P Search Lesauski, Justin File…
A: Credit is defined as the trust that allows one party to provide funds or resources to another party,…
Q: Calculate for the cells highlighted in yellow Time Value of Money problems For these problems where…
A: Net present value method is used to evaluate the investment projects. We can evaluate the project by…
Step by step
Solved in 3 steps with 3 images
- gle Chrome File Edit View History Bookmarks Profiles Tabl Window Help X M Inbox (231)- abigailof X M Verify Your Email Addra × The following unadjus! X iConnect - Home × M Question 5 - Chap C bis- Google Search ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Chapter 4 Homework 5 Saved Help Save & Ex 12.89 points eBook Ask Print References Problem 4-6AA (Algo) Preparing reversing entries LO P3 The Unadjusted Trial Balance for Hawkeye Ranges as of December 31 is presented in requirement 1. The following additional information relates to the required year-end adjustments. a. As of December 31, employees had earned $855 of unpaid and unrecorded salaries. The next payday is January 4, at which time $1,522 of salaries will be paid. b. Cost of supplies still available at December 31 total is $2,575. c. An interest payment is made every three months. The amount of unrecorded accrued interest at December 31 is $1,450. The…gle Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (229) - abigailof X MGmail x iConnect - Home x Question 5 Mid-Term x Connect Getting to K wiL47988 xapp ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwe... Mid-Term Exam Saved 5 Part 4 of 4 Required information [The following information applies to the questions displayed below.] On December 1, Jasmin Ernst organized Ernst Consulting. On December 3, the owner contributed $83,660 in assets to launch the business. On December 31, the company's records show the following items and amounts. Cash Accounts receivable Office supplies Ask Land Office equipment Accounts payable Owner investments $ 12,040 Cash withdrawals by owner 13,720 Consulting revenue 2,990 Rent expense 45,940 Salaries expense 17,710 Telephone expense 8,230 Miscellaneous expenses. 83,660 $ 1,760 13,720 3,210 6,690 870 680 Mc Graw Hill 一口 Help Save & E Also assume the following: a.…AutoSave Normal 因 Document1 - Word Search badiya aldujaili ff BА EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut Calibri (Body) v 11 - A^ A Aav A E E O Find - AaBbCcDc AaBbCcDc AABBCC AABBCCC AaB AABBCCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А 1 Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em.. A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 2 3 4 Winter Company reported the following for the most recent month: Physical Units 700 Beginning work in process (60% complete) Units transferred in (started) during month Ending work in process 4,800 950 Materials are added at the end of the process and conversion costs are added evenly throughout the process. If equivalent whole units of production for conversion using the weighted average were 4,816, what percent complete was ending work in process at the end of the month? (Round to the nearest whole percent.) а. 20% b. 16%…
- Chrome File Edit View History Bookmarks Profiles Tab Window Help Inbox (2 x ACC101 (4726) × Account x Account X M Question x iConnect x Content xM SmartBox →> C ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%252Fwebapps%252Fb Saved Help Chapter 7 Quiz 2 QS 7-2 (Algo) Accounting information system principles LO C1 Match each description with the system principle it best reflects. 7.58 points esc Ask Mc Graw Hill Description 1. The benefits from an activity in an accounting information system outweigh the costs. 2. The accounting information system adapts to changes in the needs of decision makers. 3. The accounting information system reports useful information to decision makers. 4. The accounting information system conforms to the company's structure. 5. The accounting information system helps managers monitor business activities. 0 18 < Prev 2 of 10 tv G Search or type URL ☆ Principle VA Aa 3 5 6 8 O C42 O Browser geNOWv2 | Online teachin X + n/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false DSU AcadCalendar C crunchy roll crunchy roll A Home - Hudl Spotify EReadir U D2L O DSU Support PDSU WebMail O DSU Account Monaco & Associates Use the following five transactions for Monaco & Associates, Inc. to answer the question(s). October 1 Bills are sent to clients for services provided in September in the amount of $800. Dravo Co. delivers office furniture ($1,060) and office supplies ($160) to Monaco 6 leaving an invoice for $1,220. 15 Payment is made to Dravo Co. for the furniture and office supplies delivered on October 9. 23 A bill for $430 for electricity for the month of September is received and will be paid on its due date in November. 31 Salaries of $850 are paid to employees. Based only on these transactions, what is the total amount of expenses that should appear on the income statement for the month of October? Oa. $1,280 Ob. $430…How would I calculate this problem? I just guessed on which answer made sense to me. Please help. thank you in advance.
- ne File Edit View History Bookmarks Profiles Tab Window Help M Inbox (2 x MACC101 x (4726) || X Account x| Account X WiConnec× M Question X Content c ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu%2 Chapter 7 Quiz i 7 7.58 points Ask Mc Graw Hill Saved QS 7-13 (Algo) Indicating journals used for posting LO P1, P2, P3, P4 The following T-accounts show postings of selected transactions. Indicate the journal used in recording each of these postings a through e. Cash Accounts Receivable Inventory Debit (d) 700 Credit (e) Debit 340 (b) 1,700 Credit (d) Debit Credit 700 (a) 1,520 (c) 1,040 Accounts Payable Sales Debit (e) 340 Credit (a) Debit 1,520 Credit (b) Cost of Goods Sold Credit Debit 1,700 (c) 1,040 Transaction a. b. C. d. e. Journal 12.020 ANE 18 tv AFile Edit View History Bookmarks Profiles Tabl Window Help Inbox (2 x MACC101 x (4726) IF X Account x Account X M Question X WiConnect x Content xM SmartBo X ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fbb.mwcc.edu %252Fwebapps%252Fbla apter 7 Quiz 8 2.12 oints Mc Graw Hill Saved Exercise 7-2 (Algo) Identifying journal of entry LO P1, P2, P3, P4 Finer Company uses a sales journal, purchases journal, cash receipts journal, cash payments journal, and general journal. Identify the journal in which each of the transactions should be recorded. Date Transaction May 2 The company purchased $15,340 of merchandise on credit from Bryant Company terms n/10. May 5 Sold merchandise costing $300 to B. Facer for $450 cash, invoice number 5703. May 7 Paid salary of $6,800 to J. Terry by issuing check number 543. May 8 Purchased $830 of store supplies from Bryce Company on credit terms n/45. May 12 Received $1,225 cash from J. Dryer to pay for the…z- Conr x ezto.mheducation.com/ext/map/index.html?_con% con&external browser-0&daunchUrt-https%253A%252F%252Ffaytechccblackboard.com/%2 7User Management,. https:/foutlook.off. FES Protection Plan System 7- North C. Seved Help Seve &Ext Subm During the year, a firm purchased $144,000 of merchandise and paid freight charges of $12,600. If the total purchases returns and allowances were $9,200 and purchases discounts were $3,300 for the year, what is the net delivered cost of purchases? Multiple Cholce $118,900 $143,900 $144,100 $169.100
- LutoSave 日 Off UnitlILabAssignment_Question1 O Search (Alt-Q) Protected View Home Insert Draw Page Layout Formulas Data Review View Help PROTECTED VIEW Be careful-files from the Internet can contain viruses. Unless you need to edit, it's safer to stay in Protected View. Enable Editing fx Formula: Multiply, Subtract; Cell Referencing A D E F G H. K Formula: Multiply, Subtract; Cell Referencing Using Excel to Record Stock Entries Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Select account names from the drop-down lists. Use cell references to the data area. Use mathematical formulas to calculate any amounts not given. On May 10, Jack Corporation issues common stock for cash. Shares of stock issued Par value per share 2,000 24 %24 10.00 Amount at which stock issued 18.00 Journalize the issuance of the stock. 10 11 Date Debit Credit 12 May 10 13 14 15 16 17 18 19 20 21 22 23 25 26 27 28 29 30 31 32 33 Enter Answer Ready 24List Paragraph For the... badiya aldujaili BA AutoSave ff Search EN File Home Insert Draw Design Layout References Mailings Review View Help A Share O Comments X Cut - A^ A° Aav A E - E - E E E O Find - Calibri (Body) 11 AaBbCcDc AaBbCcDc AaBbC AABBCCC AaB AAB6CCC AaBbCcDa 自Copy Paste S Replace В IUvab х, х* А I Normal 1 No Spac. Heading 1 Heading 2 Title Subtitle Subtle Em... A Select v Dictate Editor Format Painter Clipboard Font Paragraph Styles Editing Voice Editor 1. 2 4 5 6. 7 If Busby Corporation's variable cost ratio is 0.75, targeted after tax net income is $27,580 (tax rate of 20%), and targeted sales volume in dollars is $219,000 then Busby's total fixed costs are: a. $27,170 b. $71,380 c. $20,275 d. $136,670 e. $129,775 f. $26,350 g. $54,750 Page 3 of 3 331 words English (United States) Focusם 160% 8:28 PM O Type here to search ENG 2/11/2021 (凸) . I . I ..?. . . E • . . L. . . t .. I ..Duiz - Connex a ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Ffaytechcc.blackboard.com%2.. User Management,. https://outlook.off. O FES Protection Plan System 7 - North C.. Saved Help Seve & Exit Su On October 1, Jerry's Lighting purchased merchandise with a list price of $8,700 with credit terms of 2/15, n/45. On October 3, Jerry's returns $1,700 of the merchandise. Assuming a periodic inventory system is used and Jerry's pays the remaining amount owed on the purchase within the discount period, Jerry's journal entry to record the payment, would include Multiple Cholce a deblt to Accounts Payable for $7,000. a debit to Accounts Recelvable for $7.000. a debit to Purchases Discounts for $140. a debit to Merchandise Inventory for $140,