RelyaTech Corporation has two divisions: the Domestic Division and the Foreign Division. The RelyaTech Corporation's net operating income is $79,600. The Domestic Division's divisional segment margin is $48,600 and the Foreign Division's divisional segment margin is $171,900. (ID#26445) Q) What is the amount of the RelyaTech Corporation's common fixed expense not traceable to the individual divisions?
Q: accumulated depreciation
A: The Straight Line Method (SLM) of Depreciation reduces the value of an asset consistently till it…
Q: 3. Assume Weisman uses the equity method to account for its investment in Martindale. What is the…
A: Pre-consolidation income refers to the earnings generated by a subsidiary before consolidation into…
Q: Milford Corporation pays its employees on the 15th of each month. Accrued, but unpai on December 31,…
A: Adjusting Entry -An adjustment to an asset or liability account, as well as any associated expense…
Q: McLaughlin Manufacturing has the following data available for its March 31 payroll: Wages earned…
A: Payroll deductions are the amounts that are deducted or withheld from the paycheck of the employees…
Q: The Millard Division's operating data for the past two years are provided below: Year 1 Return on…
A: The return on investment is calculated as net income divided by average operating assets. ROI = Net…
Q: The entity reports the following transactions for the 2022 tax year. The trustee accumulates all…
A: Since you have posted multiple questions, we will provide the solution only to the first question as…
Q: Sandhill Co. had net income for 2025 of $611000. The average number of shares outstanding for the…
A: Value of option in current shares = Amount paid to exercise option / Current market price Diluted…
Q: Required a. On January 1, record the entry for (1) the purchase and installation of the storage tank…
A: Asset Retirement Obligation (ARO) is a liability associated with the use of the asset.This liability…
Q: Crosshill Company's total overhead costs at various levels of activity are presented below: Month…
A: VARIABLE COST Variable Cost is a cost that varies with the level of output.variable costs include…
Q: Costing information for Emily Elephant Limited is as follows:Direct material cost per unitDirect…
A: Absorption costing is an accounting technique that provides a full perspective of production…
Q: A new house was sold for $1, 183,000 six years after it was built and purchased. The original owners…
A: Linear functions are fundamental in mathematics and have widespread applications in various fields,…
Q: Wildhorse Corporation, which uses straight-line depreciation and amortization, incurred the…
A: Acquisition of R & D equipment = $852,000Cost of making minor modification = $137,000Advertising…
Q: Brown, Blue, and Black are in partnership sharing profit and losses in the ratio 2:1:2. The balance…
A: Realisation AccountParticulars $Particulars$To Land $ 360,000 By Mortgage on building $…
Q: Monty Corp.’s comparative balance sheets are as follows. Monty Corp. Comparative Balance Sheets…
A: The cash flow statement is prepared to record the cash flow from various activities during the…
Q: prepare statement of revenues, expenditure and changes in fund balances,
A: Financial statements of government organizations present detailed accounts of revenue, expenses,…
Q: Whitewater Adventures manufactures two models of kayaks, Basic and Deluxe, using a combination of…
A: “Since you have posted a question with multiple sub-parts, we will solve first three sub parts for…
Q: Prepare the statement of Financial position and Cash flow for 2022 in line with ISAPS
A: IncomeAmount ($000)Dividends from equity investments14,200Service Charge on loans to…
Q: Beto Company pays $7.30 per unit to buy a part for one of the products it manufactures. With excess…
A: MAKE OR BUY DECISIONThe make-or-buy decision is choosing between manufacturing a product within a…
Q: Manzer Inc. manufactures bicycle frames in two departments: cutting and welding. Manzer uses the…
A: A production cost report identifies the total cost (direct materials, labor, and overhead), of…
Q: The question asks for the major group level but the solution is for the individual product level.
A: As per the FIFO (First in first out) method the inventory which comes first will out first, hence in…
Q: Determine the value-added, non-value-added, and total lead times, and the value-added ratio under…
A: Value-added time leads to improvement in the outcome of a particular process. Thus, it is the…
Q: For each situation (1-5), identify the most applicable AICPA rule of conduct and whether there is a…
A: Accounting standards are put in place to improve the accuracy of financial information produced by…
Q: Marlin, Incorporated, declared a cash dividend of $46, 500 in 2022 when the following stocks were…
A: The dividend is declared to the shareholders from the retained earnings of the business. The…
Q: Bond issue price and amortization On January 1, 2020, XYZ Co. issued 8-year bonds with a face value…
A: Interest is semiannually hence we consider cost of capital 2% instead of 4% for present value…
Q: TB EX Qu. 10-162 (Algo) Diane's Designs has two classes of stock... Diane's Designs has two classes…
A: The journal entries are prepared to record the transactions on regular basis. The treasury stock has…
Q: QS 25-17 (Algo) Pricing using total cost LO P6 José Ruiz starts a company that makes handcrafted…
A: The following formula used to calculate as follows under:-Markup= Selling price - costsRate of…
Q: Sale of investments Cash collections from customers Cash purchase of used equipment Depreciation…
A: Cash flow statement :— It is one of the financial statements that shows change in cash and cash…
Q: Gauging the Favorableness of Variances When variances occur, they are described as being either…
A: The objective of the question is to calculate the actual labor cost per hour, the standard cost of…
Q: The standard costs and actual costs for factory overhead for the manufacture of 2,800 units of…
A: Variable overhead controllable variance is the difference between actual total variable overhead…
Q: What is a disadvantage of the corporate form? O Profit O Revenue Owners have very little influence…
A: Eliminating the incorrect options:A. Profit: Profit is not a disadvantage of the corporate form of…
Q: Which of the following statements is correct?
A: The tax implications of a foreclosure depend on whether the mortgage is recourse or non…
Q: Suppose that during 2022 Cypress Semiconductor Corporation reported net cash provided by operating…
A: FREE CASH FLOWFree cash flow means cash generated from operating activities after the payment of…
Q: The T-accounts for Equipment and the related Accumulated Depreciation—Equipment for Oriole Company…
A: The question is based on the concept of Cash flow statement.Statement of cash flows :It is the…
Q: Sheridan Industries has the following patents on its December 31, 2024, balance sheet. Patent Item…
A: Intangible Assets -Assets that are recognised but lack physical substance and are not monetary are…
Q: Assume that a company uses a standard cost system and applies overhead to production based on direct…
A: Standard costing is a cost accounting method that involves setting predetermined, or standard, costs…
Q: Company A leases computer servers to Company B for five years. At the end of the five years, Company…
A: Alternative Use:This test considers whether the leased asset has no alternative use to the lessor at…
Q: RelyaTech Corporation makes two products, Light and Heavy. These two products emerge from a joint…
A: Formula:Sales Revenue = Total sale units x Selling price per unit.
Q: 22 What must an employer disclose in a defined contribution plan? The amount to be paid by the…
A: A Defined Contribution Plan is a retirement savings arrangement where employers and employees…
Q: 25 Which method is acceptable for preparing the statement of cash flows? Horizontal Indirect…
A: Statement of cash flow is a financial statement that includes the inflow and outflow of cash during…
Q: Marigold Company owns equipment that cost $79,000 when purchased on January 1, 2019. It has been…
A: Depreciation is considered an expense charge on the value of the asset. It can be calculated by…
Q: 8. Mary has an outside basis in her LLC membership interest of $100,000. In a liquidating…
A: we must take into account the difference between Mary's outside basis and the distribution she…
Q: following table is a simplified balance sheet of Lancia Company for the year ended December 31, 2018…
A: Cash Flow Statement -The cash flow statement, commonly known as the statement of cash flows, is one…
Q: Whether a customer uses cash, a check, or a debit card to make a purchase, the company records the…
A: Answer:- Cash sale meaning:- When anything is sold for cash, the buyer pays the seller for the goods…
Q: A business purchases a piece of equipment at a cost of $100,000 with an estimated useful life of 6…
A: The depreciation expense is charged on the fixed assets as reduction in the value of the fixed…
Q: 9 A company holds between 20% and 50% of the outstanding stock of an investee, gaining a significant…
A: Equity investment refers to the process of buying shares or ownership stakes in a company, typically…
Q: 3. Warton Construction Company purchased a cement mixer for $14,500. The mixer is expected to have a…
A: Depreciation: It implies an expense that a company records in its income statement or profit &…
Q: How would you fill out a financial impact statement for this data?
A:
Q: You have been provided with the following selected accounts for Martinez Ltd. for the year ended…
A: The cost of goods sold includes the cost of goods that are sold during the period. The gross profit…
Q: Compute the following ratios for 2022. (Round earnings per share, current ratio and asset turnover…
A: a)Earning Per Shares = Net Income/ Average Number Of Shares Outstanding= $209700/58000= $…
Q: 3. TP received a proportionate non liquidating distribution from an LLC in which he is a 10% member.…
A: A member of an LLC who receives a distribution is responsible for accounting for the dividend's tax…
Step by step
Solved in 3 steps with 3 images
- Your Corporation has two divisions: A Division and B Division. The corporation's net operating income is $31,800. The A Division's divisional segment margin is S111,800 and the B Division's divisional segment margin is $152,800. What is the amount of the common fixed expense not traceable to the individual divisions? O $121,000 O $232,800 O $ 80,000 O $296,400Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $42,000. The AFE Division's divisional segment margin is $15,700 and the GBI Division's divisional segment margin is $175,400. What is the amount of the common fixed expense not traceable to the individual divisions Answer choices $149,100 $57,700 $217,400 $191,100Mnak Corporation has two divisions: the OT Products Division and the NT Products Division. The OT Products Division's divisional segment margin is P255,000 and the NT Products Division's divisional segment margin is P59,800. The total amount of common fixed expenses not traceable to the individual divisions is P163,700. What is the company's net operating income? (P314,800) P151,100 P379,200 P455,000
- Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $37,300 and the Export Products Division's divisional segment margin is $89,700. The total amount of common fixed expenses not traceable to the individual divisions is $100,400. What is the company's net operating income (loss)? Multiple Choice $227,400 $127,000 $26,600 ($127,000)Jerusalem Corporation, located at Israel has two divisions: the Israelites Division and the Gentiles Division. The Israelites Division has sales of P580,000, variable expenses of P301,600, and traceable fixed expenses of P186,500. The Gentiles Division has sales of P510,000, variable expenses of P178,500, and traceable fixed expenses of P222,100. The total amount of common fixed expenses not traceable to the individual divisions is P235,500. What is the company's net operating income? a. P202,400 b. P374,400 c. P619,900 d. (P34,200)Jerusalem Corporation, located at Israel has two divisions: the Israelites Division and the Gentiles Division. The Israelites Division has sales of P580,000, variable expenses of P301,600, and traceable fixed expenses of P186,500. The Gentiles Division has sales of P510,000, variable expenses of P178,500, and traceable fixed expenses of P222,100. The total amount of common fixed expenses not traceable to the individual divisions is P235,500. What is the company's net operating income? P202,400 P374,400 P619,900 (P34,200)
- Dukelow Corporation has two divisions: the Governmental Products Division and the Export Products Division. The Governmental Products Division's divisional segment margin is $39,800 and the Export Products Division's divisional segment margin is $92,200. The total amount of common fixed expenses not traceable to the individual divisions is $104,400. What is the company's net operating income (loss)? $236,400 $132,000 $27,600 ($132,000)7. Vivera Corp. has two divisions, the Daleta division and the Alpine division. The Daleta divisionhas a sales of P620,000, variable expenses of P350,000 and traceable fixed expenses ofP229,200. The total amount of common fixed costs not traceable to individual divisions isP122,000. What is the company’s net operating income? 8. Basaha Co.’s accounts receivable were P430,000 at the beginning and P480,000 at theend of the year. Cash sales were P175,000 for the year. The accounts receivable turnoverwas 5. How much is the company’s total sales for the year? 9. Gurapa uses an imputed interest rate of 13% in the calculation of residual income.Division Tiffey, which is part of Gurapa had invested capital of P1,200,000 and an ROIof 16%. On the basis of this information, what was Tiffey division residual income? Solution pls 7 8 9The Cook Corporation has two divisions-East and West. The divisions have the following revenues and expenses. East West $ 489,500 258,500 $ 550,000 198,000 169,500 117,500 194,400. 141, 100 $ 65,000 $ (104,500) Sales Variable costs Traceable fixed costs Allocated common corporate costs. Net operating income (loss) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be voided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in am verall company net operating income (loss) of: Multiple Choice O $(76,100) $(39,500) $65,000 $(104,500)
- Miscavage Corporation has two divisions the Beta Division and the Alpha Division. The Beta Division has sales of $305,000, variable expenses of $153,600, and traceable fixed expenses of $70,800. The Alpha Division has sales of $615,000, variable expenses of $337,800, and traceable fixed expenses of $132,700. The total amount of common fixed expenses not traceable to the individual divisions is $134,200. What is the company's net operating income? Multiple Choice $225,100 O $428,600 $00.900 $277,200The Cook Corporation has two divisions-East and West. The divisions have the following revenues and expenses: East West $590,000 $ 456,500 232,000 Sales Variable costs 294,300 Traceable fixed costs 144,000 151,200 $ 62,800 $(186, 700) 160, 200 188,700 Allocated common corporate costs Net operating income (loss) The management of Cook is considering the elimination of the West Division. If the West Division were eliminated, its traceable fixed costs could be avoided. Total common corporate costs would be unaffected by this decision. Given these data, the elimination of the West Division would result in a company net operating income (loss) of: Multiple Cholce $62,800 S1125,900) S/186,700) $123,900)mcqs: 1) Neelon Corporation has two divisions: Southern Division and Northern Division. The following data are for the most recent operating period: Total Company Southern Division Northern Division Sales $ 418,000 $ 193,000 $ 225,000 Variable expenses $ 130,880 $ 79,130 $ 51,750 Traceable fixed expenses $ 186,000 $ 77,000 $ 109,000 Common fixed expense $ 79,420 $ 36,670 $ 42,750 The common fixed expenses have been allocated to the divisions on the basis of sales. The company's overall break-even sales is closest to: A $114,341 B $328,299 C $272,067 D $386,408 2) Schister Systems uses the following data in its Cost-Volume-Profit analyses: Total Sales $ 395,000 Variable expenses 197,500 Contribution margin 197,500 Fixed expenses 119,000 Net operating income $ 78,500 What is total contribution margin if sales volume increases by 20%? A $94,200 B $237,000 C $62,800…