Financial and Managerial Accounting
7th Edition
ISBN: 9781259726705
Author: John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher: McGraw-Hill Education
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Question
Chapter 22, Problem 1BTN
To determine
Product Revenue Mix:
This is that revenue which is earned by selling the different product and product line by the same organization. In the today’s world, it can be seen that many multinational companies deal in four to five product. In other words, it can be said that it is the percentage of contribution of different product.
Amount of the revenue of the different product line.
Expert Solution & Answer
Explanation of Solution
| Total revenue ($) | Year ending | I Product 1 | I Product 2 | M Product | Service | Other |
| 66% | 10% | 11% | 9% | 4% | ||
| 233,715 | September 2015 | 154,251.9 | 23,371.5 | 25,708.65 | 21.034.35 | 9,348.6 |
| 182,795 | September 2014 | 120,644.7 | 18,279.5 | 20,107.45 | 16,451.55 | 7,311.8 |
| 170,910 | September 2013 | 112,800.6 | 17,091 | 18,800.10 | 15,381.90 | 6,836.4 |
Working note:
Given,
Total revenue of 2015 is $233,715.
Percentage of revenue of I Product 1 is 66%
Percentage of revenue of I Product 2 is 10%
Percentage of revenue of M Product is 11%
Percentage of revenue of service is 9%
Percentage of revenue of other is 4%
Computation of revenue of I Product 1,
Computation of revenue of I Product 2,
Computation of revenue of M Product,
Computation of revenue of service,
Computation of revenue of other,
Given
Total revenue of 2014 is $182,795.
Percentage of revenue of I Product 1 is 66%
Percentage of revenue of I Product 2 is 10%
Percentage of revenue of M Product is 11%
Percentage of revenue of service is 9%
Percentage of revenue of other is 4%
Computation of revenue of I Product 1,
Computation of revenue of I Product 2,
Computation of revenue of M Product,
Computation of revenue of service,
Computation of revenue of other,
Given,
Total revenue of 2013 is $182,795.
Percentage of revenue of I Product 1 is 66%
Percentage of revenue of I Product 2 is 10%
Percentage of revenue of M Product is 11%
Percentage of revenue of service is 9%
Percentage of revenue of other is 4%
Computation of revenue of I Product 1,
Computation of revenue of I Product 2,
Computation of revenue of M Product,
Computation of revenue of service,
Computation of revenue of other,
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Problem No. 2
The trial balance of Cleint Lumanao Nacho Supplies on February 10, 2025, before accepting Shila Tajonera as
partner is shown as follows:
Account Title
Debit
Credit Ato
Cash
reening smuo P 100,000
Accounts Receivable
250,000
Allowance for Uncollectible Accounts
P 20,000 o
Merchandise Inventory
Equipment
Accumulated Depreciation
Accounts Payable
Notes Payable
120,000
275,000
55,000
50,000
82,000
538,000
Lumanao, Capital
Total
P 745,000
P 745,000
Tajonera offered to invest cash to get a capital credit equal to one-half of Lumanao's capital after giving effect to the
adjustments below. Lumanao accepted the offer.
Valuation of some of the assets and liabilities of Lumanao, as agreed by the partners, are the following:
• The merchandise is to be valued at P93,000.
The accounts receivable is estimated to be 90% collectible.
• The equipment is to be valued at P200,000.
The partners also agreed that the name of the partnership will be Nacho Business.
Required:
1. In the books of…
If data is unclear in image or image blurr then comment.
Solve correctly without using ai
Chapter 22 Solutions
Financial and Managerial Accounting
Ch. 22 - Prob. 1MCQCh. 22 - Prob. 2MCQCh. 22 - Prob. 3MCQCh. 22 - Prob. 4MCQCh. 22 - 5. Using the data in question 4, Department X’s...Ch. 22 - Prob. 1DQCh. 22 - Prob. 2DQCh. 22 - Prob. 3DQCh. 22 - Prob. 4DQCh. 22 - Prob. 5DQ
Ch. 22 - Prob. 6DQCh. 22 - Prob. 7DQCh. 22 - Prob. 8DQCh. 22 - Prob. 9DQCh. 22 - Prob. 10DQCh. 22 - Prob. 11DQCh. 22 - Prob. 12DQCh. 22 - Prob. 13DQCh. 22 - Prob. 14DQCh. 22 - Prob. 15DQCh. 22 - Prob. 16DQCh. 22 - Prob. 17DQCh. 22 - Prob. 18DQCh. 22 - Prob. 19DQCh. 22 - Prob. 20DQCh. 22 - Allocation and measurement terms C1 In each blank...Ch. 22 - Prob. 2QSCh. 22 - Prob. 3QSCh. 22 - Prob. 4QSCh. 22 - Prob. 5QSCh. 22 - Prob. 6QSCh. 22 - Prob. 7QSCh. 22 - Prob. 8QSCh. 22 - Prob. 9QSCh. 22 - Computing return on investment A1 Compute return...Ch. 22 - Computing residual income A1 Refer to the...Ch. 22 - Prob. 12QSCh. 22 - Computing profit margin and investment turnover A2...Ch. 22 - Performance measures__balanced scorecard A3...Ch. 22 - Prob. 15QSCh. 22 - Prob. 16QSCh. 22 - Prob. 17QSCh. 22 - Prob. 18QSCh. 22 - Prob. 19QSCh. 22 - Prob. 20QSCh. 22 - Prob. 1ECh. 22 - Prob. 2ECh. 22 - Prob. 3ECh. 22 - Prob. 4ECh. 22 - Prob. 5ECh. 22 - Prob. 6ECh. 22 - Prob. 7ECh. 22 - Prob. 8ECh. 22 - Prob. 9ECh. 22 - Prob. 10ECh. 22 - Prob. 11ECh. 22 - Prob. 12ECh. 22 - Prob. 13ECh. 22 - Prob. 14ECh. 22 - Prob. 15ECh. 22 - Exercise 22-16 Performance measures-balanced...Ch. 22 - Prob. 17ECh. 22 - Prob. 18ECh. 22 - Prob. 19ECh. 22 - Prob. 20ECh. 22 - Prob. 21ECh. 22 - Prob. 22ECh. 22 - Prob. 23ECh. 22 - Prob. 1PSACh. 22 - Prob. 2PSACh. 22 - Prob. 3PSACh. 22 - Prob. 4PSACh. 22 - Prob. 5PSACh. 22 - Prob. 1PSBCh. 22 - Prob. 2PSBCh. 22 - Prob. 3PSBCh. 22 - Prob. 4PSBCh. 22 - Prob. 5PSBCh. 22 - Santana Rey’s two departments, computer consulting...Ch. 22 - Prob. 1BTNCh. 22 - Prob. 2BTNCh. 22 - Prob. 3BTNCh. 22 - Prob. 4BTNCh. 22 - Prob. 5BTNCh. 22 - Prob. 6BTNCh. 22 - Prob. 7BTNCh. 22 - Prob. 8BTNCh. 22 - Prob. 9BTN
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