A segment of a company reports the following loss for the year. All $178,500 of its...
Fantastic news! We've Found the answer you've been seeking!
Question:
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66487fade6377_30966487fad84209.jpg)
![image text in transcribed](https://s3.amazonaws.com/si.experts.images/answers/2024/05/66487fae8e20f_31066487fae2a5e3.jpg)
Transcribed Image Text:
A segment of a company reports the following loss for the year. All $178,500 of its variable costs are avoidable, and $101,000 of its fixed costs are avoidable. Segment Income (Loss) Sales Variable costs Contribution margin. Fixed costs Income (loss) $ 255,000 178,500 76,500 107,000 (30,500) (a) Compute the income increase or decrease from eliminating this segment. (b) Should the segment be eliminated? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Income Increase (Decrease)) Sales Variable costs Contribution margin Fixed costs Income (loss) Continue Eliminate $ 255,000 178,500 76,500 107,000 $ (30.500) Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Continue Eliminate Income Increase (Decrease) Sales $ 255,000 Variable costs 178,500 Contribution margin 76,500 Fixed costs 107,000 Income (loss) $ (30,500) Required A Required B > A segment of a company reports the following loss for the year. All $178,500 of its variable costs are avoidable, and $101,000 of its fixed costs are avoidable. Segment Income (Loss) Sales Variable costs Contribution margin. Fixed costs Income (loss) $ 255,000 178,500 76,500 107,000 (30,500) (a) Compute the income increase or decrease from eliminating this segment. (b) Should the segment be eliminated? Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Income Increase (Decrease)) Sales Variable costs Contribution margin Fixed costs Income (loss) Continue Eliminate $ 255,000 178,500 76,500 107,000 $ (30.500) Complete this question by entering your answers in the tabs below. Required A Required B Compute the income increase or decrease from eliminating this segment. Segment Elimination Analysis Continue Eliminate Income Increase (Decrease) Sales $ 255,000 Variable costs 178,500 Contribution margin 76,500 Fixed costs 107,000 Income (loss) $ (30,500) Required A Required B >
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
You work in the finance department of a telecommunications firm with a large direct sales force selling high- speed fiber optics access lines to companies wanting telephone and Internet access. Your...
-
Find the equilibrium conditions for Problem 15-24. Explain what it means.
-
Triple-F Health Club (Family, Fitness, and Fun) offers tennis, swimming, and other physical fitness facilities to its members. There are four of these clubs in the metropolitan area. Each club has...
-
We are measuring the diffusivity of water in air at \(42^{\circ} \mathrm{C}\). A tube is placed with one end in the water and the other end in a stream of dry air. The air column in the tube is...
-
Te following selected events were experienced by either Quick Medical Services, Inc., a corporation, or George Quick, the major stockholder. State whether each event (1) increased, (2) decreased, or...
-
1.Suppose you created a two-stock portfolio by investing Rupees 50,000 in Nescom and Rupees 50,000 in Nawab. Now Calculate the expected return of portfolio, the standard deviation of portfolio and...
-
You would like to estimate the relationship between annual percentage change in CEO compensation and the annual percentage change in sales (sales growth) by running an Ordinary Least Squares (OLS)...
-
A business had the following amounts of assets and liabilities at the beginning and end of a recent year: Assets Liabilities Beginning of the year $ 93,000 $ 42,000 End of the year 132,000 ...
-
Considering the Cash-Flow Diagram below, determine the equivalent worth (V5) at the end of year 5. The compounded annual rate is 12%. In year 6-10, the annual contribution increases geometrically at...
-
Microsoft Corp. develops, produces, and markets a wide range of computer software, including the Windows operating system. In a recent annual report, Microsoft reported the following information...
-
In in this lab, we will utilize advanced features of the Python unittest framework (mocks) to develop automated integration tests. You will work on developing integration tests for a weather client...
-
Michael A. LaRocca, 1997 What was the name of Frankenstein's monster? Do you remember? Such thinking often comes to mind when the subject of genetic engineer- ing and cloning arises, it's "that...
-
What is the hierarchy for the following UIKit framework 1- UIView class 2- UIWindow class 3- UIViewController class 4-UIResponder class 5- UITextField class
-
Find the numerical value of each expression. (a) sech 0 (b) cosh -1 1
-
An income statement for Cheries Pizza is included in the Working Papers. 1. Use the following information to calculate the breakeven point in sales dollars and unit sales for July. The August...
-
Use the working papers and data from Work Together 15-2. Forms for completing this Work Together are provided in the Working Papers. Your instructor will guide you through the following examples. 1....
-
Use the February information from the Work Together above. An income statement for Wightman Lumber is included in the Working Papers. Work independently to complete this problem. 1, Prepare Wightman...
![Mobile App Logo](https://dsd5zvtm8ll6.cloudfront.net/includes/images/mobile/finalLogo.png)
Study smarter with the SolutionInn App