Final Exam (Fall 2020)- /6>Question 39 of 50View PoliciesCurrent Attempt in ProgressPharoahlndustries manufactures light fixtures for home, retail, and industrial customers. The retail line has been showing losses forseveral years, and management is considering dropping the line. Recent income statements have been very similar to the followinginformation which was prepared for the most recent year:HomeRetailIndustrialTotal$550600$320600$830600$1701800SalesVariable costs3578002183006815001257600Contribution192800102300149100444200marginFixed costs125600130600115600371800Operating income$67200$(28300)$33500$72400Of the fixed costs, $316800 of it is common costs that have been allocated equally to each product line. What will total operatingincome be if Pharoah drops the retail line?O $77300O $(4900)O $100700O $25100Save for LaterAttempts: 0 of 1 usedSubmit AnswerMacBook Airesc888F4F2F3F5F6F7F8#2$&*346.8.WYDFGHI!!

Income statement: Under this Statement showing the company’s performance over a period of time by…

Current Attempt Pharoahlndustries manufactures light fixtures for home, retail, and industrial customers. The retail line has been showing losses for several years, and management is considering dropping the line. Recent income statements have been very similar to the following information which was prepared for the most recent year: Home Retail Industrial Total $550600 $320600 $830600 $1701800 Sales 357800 218300 681500 1257600 Variable costs Contribution 192800 102300 149100 444200 margin Fixed costs 125600 130600 115600 371800 Operating income $67200 $(28300) $33500 $72400 Of the fixed costs, $316800 of it is common costs that have been allocated equally to each product line. What will total operating income be if Pharoah drops the retail line? $77300 $(4900) $100700 $25100

Current Attempt Pharoahlndustries manufactures light fixtures for home, retail, and industrial customers. The retail line has been showing losses for several years, and management is considering dropping the line. Recent income statements have been very similar to the following information which was prepared for the most recent year: Home Retail Industrial Total $550600 $320600 $830600 $1701800 Sales 357800 218300 681500 1257600 Variable costs Contribution 192800 102300 149100 444200 margin Fixed costs 125600 130600 115600 371800 Operating income $67200 $(28300) $33500 $72400 Of the fixed costs, $316800 of it is common costs that have been allocated equally to each product line. What will total operating income be if Pharoah drops the retail line? $77300 $(4900) $100700 $25100

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

ChapterMB: Model-building Problems

Section: Chapter Questions

Problem 21M

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nd A assessment.education.wiley.com B Present Value Tables (1.. W https://education.wiley. B ch01 (Fall 2020) w Final Exam (Fall 2020) Final Exam (FallI 2020) -/6 Question 22 of 50 > View Policies Current Attempt in Progress Sheridan Corporation's Perfume division has a segment margin is $92000 for the current reporting period. Total assets at the beginning of the period were $807000 and $907000 at the end of the period. What is the division's ROI? O 9.42% O 10.74% O 11.40% O 5.37% Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air
Final Exam (Fall 2020) -/6 > Question 22 of 50 View Policies Current Attempt in Progress Sheridan Corporation's Perfume division has a segment margin is $92000 for the current reporting period. Total assets at the beginning of the period were $807000 and $907o00 at the end of the period. What is the division's ROI? O 9.42% 10.74% O 11.40% O 5.37% Attempts: 0 of 1 used Submit Answer Save for Later MacBook Air esc 80 F3 888 F1 F4 44 トII F6 - 19 F8 @ #3 24 % & * 6. 7 8 9. W T Y. A D F H K く○
and A assessment.education.wiley.com 口 B PowerPoints - PRIN OF.. W https://education.wiley.. B Present Value Tables (1... w Final Exam (Fall 2020) e Final Exam (Fall 2020) - /6 Question 17 of 50 View Policies Current Attempt in Progress Wildhorse Company is considering a purchase of equipment that costs $77700. The equipment has a 7-year life and no salvage value. Wildhorse uses straight-line depreciation. The equipment has a payback period of 5 years. The accounting rate of return is closest to O 3.6%. O 5.7%. O 34.3%. O 20.0%. Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc I!
Current Attempt in Progress Midlands Inc, had a bad year in 2019. For the first time in its history, it operated at a loss. The company's income statement showed the following results from selling 77.000 units of product net sales $1.540,000: total costs and expenses $1.794.800; and net loss $254,800. Costs and expenses consisted of the following Cost of goods sold Selling expenses Administrative expenses 1 2. Total 3. $1.112.800 529,000 Variable $618,000 92,000 153,000 60,000 $1,794,800 $770,000 Fixed $494,800 437,000 92.000 Management is considering the following independent alternatives for 2020, Increase unit selling price 25% with no change in costs and experises. Change the compensation of salespersons from foed annual salaries totaling $201,000 to total salaries of $36,015 plus a 5% commission on net sales $1,024,800 Purchase new high-tech factory machinery that will change the proportion between variable and foxed cost of goods sold to 50:50. (a) Compute the break-even point in…
A assessment.education.wiley.com w Final Exam (Fall 2020) B Present Value Tables (1. W https://education.wiley. B ch01 (Fall 2020) - PRIN. WP Final Exam (Fall 2020) Question 50 of 50 - /6 View Policies Current Attempt in Progress Ivanhoe Industries is considering the purchase of equipment costing $84000. The company has a 12% required minimum rate of return. The equipment is expected to generate $24000 in additional operating income. Ivanhoe's tax rate is 25% and its weighted- average cost of capital is 12%. What is the equipment's EVA? O $7920 O $10080 O $7200 O $2880 Save for Later Attempts: 0 of 1 used Submit Answer MacBook Air esc 80 F3 888 FI F2 F4 11 F5 F7 FB F9 @ #3 24 6. 8. 9. Q W E R Y
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ssignment/takeAssignmentMain.do?invoker%3D&takeAssignmentSessionLocator=&inprogress=false E Calculator Park and West, LLC, provides consulting services to retail merchandisers in the Midwest. In 2019, they generated $722,000 in service revenue. Their total cost (fixed and variable) per client was $2,400 and they served 105 clients during the year. If operating expenses for the year were $302,000 what was their net income? Park and West, LLC Income Statement For Year Ending 2019 Previous Next Submit Test for Grading Email Instructor All work saved. 5:19 PM 10/2/2020
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