expert please answer it simple NO ai use MARIAN CORPORATION HAS TWO SEPARATE DIVISIONS THATOPERATE AS PROFIT CENTERS. THE FOLLOWING INFORMATION ISAVAILABLE FOR THE MOST RECENT YEAR:Sales (net)Salary expenseCost of goods soldBlack DivisionNavy Division$ 8,00,000$ 3,90,00027,00047,0001,00,0001,58,000THE BLACK DIVISION OCCUPIES 19,000 SQUARE FEET IN THE PLANT.THE NAVY DIVISION OCCUPIES 29,000 SQUARE FEET. RENT IS ANINDIRECT EXPENSE AND IS ALLOCATED BASED ON SQUAREFOOTAGE. RENT EXPENSE FOR THE YEAR WAS $49,000.COMPUTE GROSS PROFIT FOR THE BLACK AND NAVY DIVISIONS,RESPECTIVELY.

compute the gross profit for the Black and Navy Divisions of Marian Corporation, let's follow a…

Answered: MARIAN CORPORATION HAS TWO SEPARATE…

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter25: Departmental Accounting

Section: Chapter Questions

Problem 1CE

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Xenold, Inc., manufactures and sells cooktops and ovens through three divisions: Home, Restaurant, and Specialty. Each division is evaluated as a profit center. Data for each division for last year are as follows (numbers in thousands): The income tax rate for Xenold, Inc., is 40 percent. Xenold, Inc., has two sources of financing: bonds paying 5 percent interest, which account for 25 percent of total investment, and equity accounting for the remaining 75 percent of total investment. Xenold, Inc., has been in business for over 15 years and is considered a relatively stable stock, despite its link to the cyclical construction industry. As a result, Xenold stock has an opportunity cost of 5 percent over the 4 percent long-term government bond rate. Xenolds total capital employed is 5.04 million (2,600,000 for the Home Division, 1,700,000 for the Restaurant Division, and the remainder for the Specialty Division). Required: 1. Prepare a segmented income statement for Xenold, Inc., for last year. 2. Calculate Xenolds weighted average cost of capital. (Round to four significant digits.) 3. Calculate EVA for each division and for Xenold, Inc. 4. Comment on the performance of each of the divisions.
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Wild Sun Airlines Inc. has two divisions organized as profit centers, the Passenger Division and the Cargo Division. The following divisional income statements were prepared: WILD SUN AIRLINES INC. Divisional Income Statements For the Year Ended December 31, 20Y9 1 Passenger Division Cargo Division 2 Revenues $3,025,000.00 $3,025,000.00 3 Operating expenses 2,450,000.00 2,736,000.00 4 Income from operations before service department charges $575,000.00 $289,000.00 5 Less service department charges: 6 Training $125,000.00 $125,000.00 7 Flight scheduling 108,000.00 108,000.00 8 Reservations 151,200.00 151,200.00 9 Total service department charges $384,200.00 $384,200.00 10 Income from operations $190,800.00 $(95,200.00) The service department charge rate for the service department costs was based on revenues. Because the revenues of the two…

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