From the following, calculate departmental income before tax. Assume a tax rate of 30%. Dept. A Dept.
Question:
From the following, calculate departmental income before tax. Assume a tax rate of 30%.
Transcribed Image Text:
Dept. A Dept. B Net Sales $210,000 $280,000 Cost of Goods Sold 108,000 129,000 Delivery Expense 24,800 28,200 Advertising Expense 23,400 22,050 Depreciation Expense 24,000 22,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
DEPT A DEPT B TOTAL Net Sales 210 0 0 0 00 280 0 0 0 0...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
An income statement showing departmental income before tax does not list individual operating expenses for each department. Agree or disagree? Please explain.
-
Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to...
-
A process has a production rate of 30 units per hour. If it takes 50 minutes for a single unit to be completed in the process, what is the inventory of units in the process?
-
Find the equation for the lower half of the circle x + (y-8) = 7. Put the equation in the form y = g(x), and then enter g(x) into the answer box below. Enter your answer as a symbolic function of x,...
-
What are the conditions under which an American put would be exercised early on a stock that pays no dividends?
-
The spot price of silver is \(\$ 15\) per ounce. The storage costs are \(\$ 0.24\) per ounce per year payable quarterly in advance. Assuming that interest rates are \(10 \%\) per annum for all...
-
What performance measure would you consider most important for McDonald's? For Chevrolet?
-
Olive Corporation was formed and began operations on January 1, 2018. The corporations income statement for the year and the balance sheet at year-end are presented below. The corporation made...
-
A 6-month bank loan of $1,000.00 required the equal payments monthly. After three payments were made, the borrower decided to pay off the loan at the 4th month before he paid his monthly payment. The...
-
An apartment project has an NOI of $135,600, receivable in relatively equal monthly installments. It can be purchased today and almost certainly flipped to the local university in exactly one year,...
-
Given the following, calculate net income: Dept. 1 Dept. 2 Net Sales $39,000 $43,000 Costof Goods Sold 24,000 30,000 Operating Expenses $16,400 Income Tax Expense, 30% rate
-
Calculate the contribution margin for each department and income before taxes, based on the following: Dept. A 12,000 square feet Dept. B 18,000 square feet Net Sales $51,000 $87,000 Cost of Goods...
-
A firm must decide which of three alternatives to adopt to expand its capacity. The firm wishes a minimum annual profit of 20% of the initial cost of each separable increment of investment.. Any...
-
What are the three standards developed by the American Psychological Association for justifying job requirements. Explain.
-
What are the three different types of activities in a Cash Flow Statement? Explain the differences between each of these activities.
-
How does an organization's internal structure (and relationships) contribute to OR has a bearing on employee behavior?
-
1. How does El differ from traditional conceptions of intelligence? 2. After completing the emotional intelligence test, do you think that emotional intelligence can be "learned?" Do you see value in...
-
1. How does critical reflection differ from reflection as an educator in childcare? 2. Briefly explain different routine activities that assist children in the transition process and support the...
-
May Cheng and Hannah Webster are partners who share in the income equally and have capital balances of $207,000 and $62,500, respectively. Cheng, with the consent of Webster, sells one-third of her...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
On December 31, 2013, $300 of salaries has been accrued. (Salaries before accrued amount totalled $26,000.) The next payroll to be paid will be on February 3, 2014, for $6,000. Do the following: a....
-
Prepare a formal income statement from the following partial worksheet for Porters Pants Co. of Hantsport. PORTER'S PANTS CO. PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 2012 Income Statement r....
-
Prepare a statement of owners equity and a classified balance sheet from the partial worksheet for James Company of Penticton (page 598). Note: Of the Mortgage Payable, $200 is due within one year.
-
Suppose we know from Connecticut tumor-registry data that the incidence rate of breast cancer over a 1-year period for initially disease-free women ages 4549 is 150 cases per 100,000 [1]. We wish to...
-
Ex. 198 (Cont.) Check No. 18 was correctly written for $708.62 for a payment on account. The NSF check was from S. Long, a customer, in settlement of an accounts receivable. An entry had not been...
-
Unemployment Question The small country of Macroland has a population of 100,000 people over 18 years of age and under 65 years of age. There are 50,000 people under 18 years of age and 20,000 people...
Study smarter with the SolutionInn App