Use the statements given below Tube Pens Sales Varble COGS Other COGS Total Cost of Goods Sold
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Use the statements given below
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Tube Pens Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Clicker Pens Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Ink Cartridge Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Assets Cash Accounts receivable. Inventory Machinery Total Accounts Payable Stockholder's Equity Total $ $ S $ S per pen 0.75 0.47 0.08 Straight-Line Pen & Ink Division Financial Statements per pen per pen #pens 300,000 1.25 0.72 300,000 0.08 300,000 0.35 0.18 0.07 Total 60,000 $ 25,000 140,000 230,000 455,000 $ #pens 160,000 $ 295,000 $ 455,000 $ 400,000 400,000 188,000 400,000 #pens 700,000 700,000 700,000 Tubular 10,000 $ 5,000 20,000 70,000 105,000 $ 30,000 $ 75,000 $ 105,000 $ 32,000 220,000 216,000 24,000 240,000 126,000 49,000 175,000 Absorption Contribution 300,000 (220,000) 80,000 (50,000) 30,000 375,000 (240,000) 135,000 (50,000) 85,000 245,000 (175,000) 70,000 (20,000) 50,000 Clicker 30,000 $ 20,000 50,000 120,000 220,000 $ 50,000 $ 170,000 $ 220,000 $ Cartridge 20,000 70,000 40,000 130,000 80,000 50,000 130,000 300,000 (188,000) 112,000 (50,000) (32,000) 30,000 375,000 (216,000) 245,000 (126,000) 159,000 (50,000) (24,000) 85,000 119,000 (20,000) (49,000) 50,000 Tube Pens Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Clicker Pens Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Ink Cartridge Sales Varble COGS Other COGS Total Cost of Goods Sold Gross (Contribution) Margin Sales & Administrative Fixed Costs NET INCOME Assets Cash Accounts receivable. Inventory Machinery Total Accounts Payable Stockholder's Equity Total $ $ S $ S per pen 0.75 0.47 0.08 Straight-Line Pen & Ink Division Financial Statements per pen per pen #pens 300,000 1.25 0.72 300,000 0.08 300,000 0.35 0.18 0.07 Total 60,000 $ 25,000 140,000 230,000 455,000 $ #pens 160,000 $ 295,000 $ 455,000 $ 400,000 400,000 188,000 400,000 #pens 700,000 700,000 700,000 Tubular 10,000 $ 5,000 20,000 70,000 105,000 $ 30,000 $ 75,000 $ 105,000 $ 32,000 220,000 216,000 24,000 240,000 126,000 49,000 175,000 Absorption Contribution 300,000 (220,000) 80,000 (50,000) 30,000 375,000 (240,000) 135,000 (50,000) 85,000 245,000 (175,000) 70,000 (20,000) 50,000 Clicker 30,000 $ 20,000 50,000 120,000 220,000 $ 50,000 $ 170,000 $ 220,000 $ Cartridge 20,000 70,000 40,000 130,000 80,000 50,000 130,000 300,000 (188,000) 112,000 (50,000) (32,000) 30,000 375,000 (216,000) 245,000 (126,000) 159,000 (50,000) (24,000) 85,000 119,000 (20,000) (49,000) 50,000
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To determine where the company should use the loan to expand the business we need to analyze the financial statements provided and identify areas that have the potential to generate a higher return on ... View the full answer
Related Book For
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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