Question: please answer asap Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within



Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors home nursing. Meals On Wheels, and housekeeping Data on revenue and expenses for the past year follow Heals On House-keeping Wheels Revenues $ 402,000 Home Nursing $261,000 112,000 $ 251,000 12 Total $ 914,000 461,000 453,000 191,000 Variable expenses Contribution margin Fixed expenses: Depreciation 158,000 149,000 211,000 93,000 69,400 8,400 40,900 20,100 Liability Insurance 43,900 20,000 7,500 15,600 Program administrators salaries 114,700 40,700 38,300 35,700 General adeinistrative overhead Total fixed expenses 182-808 52,200 50,400 50,200 410,000 122,100 167,100 121,600 Net operating income (loss) $ 42,200 $ 20,900 $ 43,900 $ (20,600) "Allocated on the basis of program revenues The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating Income of $42.200 to be unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Reg 1A. should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement. 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Req 2A Rea 20 What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? not 14 Req 18 > 1 Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing. Meals On Wheels, and housekeeping Data on revenue and expenses for the past year follow House-keeping Revenues Total 5.914,000 Heals On Wheels $ 402,000 191,000 00 58 46 Home Nursing 1:261,000 112,000 $ 251,000 Variable expenses Contribution margin 461,000 150,000 453,000 149,000 211,000 93,000 Fixed expenses Depreciation 69,400 8,400 40,900 Liability insurance 20,100 43,900 20,000 7,500 15,600 114,700 40,700 38,300 35,700 Program administrators' salaries General administrative overhead Total fixed expenses 52,200 182,800 410,800 80,400 50,200 122,100 167,100 121,600 Net operating income (loss) $ 42,200 $ 26,900 $ 43,900 $(28,600) "Allocated on the basis of program revenues The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $42.200 to be unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program. The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement. 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Rea 24 Reg 28 Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? OYes ON Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing. Meals On Wheels, and housekeeping. Data on revenue and expenses for the past year follow Total $914,000 Revenues heals On Wheels $402,000 Home Nursing 5 261,000 112,000 45 House-keeping $ 251,000 158,000 93,000 Variable expenses Contribution margin #ixed expenses Depreciation 191,000 453-000 149,000 211,000 60,400 8,400 40,900 20,100 Liability insurance 43,900 20,000 7,500 15,600 116,700 40,700 38,300 35,700 Program administrators" salaries General administrative overhead Total fixed expenses 182,000 52,200 80,400 50,200 410.000 122,100 167,100 121,600 Net operating income (loss) $ 42,200 $43,900 $ (20,600) "Allocated on the basis of program revenues The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $42.200 to be unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below. Req 1A Req 18 Rea A Reg 28 Req 2A Prepare a properly formatted segmente me statement. Total Meals On Wheels House- keeping Revenues Variable expenses Contribution margin Traceable fixed expenses Depreciation Liability insurance Program administrators' salaries Total traceable fixed expenses Program segment margins General administrative overhead Net operating income (loss) Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing. Meals On Wheels, and housekeeping Data on revenue and expenses for the past year follow House-keeping Revenues Total $.914,000 461,000 25 Meals On Wheels $ 402,000 191.000 Home Nursing $ 261,000 112,000 Variable expenses Contribution margin. Fixed expenses: Depreciation $ 251,000 158,000 93,000 453,000 149,000 211,000 69,400 8,400 Liability insurance. 40,900 20,100 43,900 20,800 7,500 15,600 114,700 40,700 Program administrators' salaries General administrative overhead Total fixed expenses 38,300 35,700 52,200 80,400 50,200 182,800 410,800 122,100 167,100 121,600 Net operating income (loss) $ 42,200 $ 26,900 $ 43,900 $(28,600) "Allocated on the basis of program revenues. The head administrator of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $42,200 to be unsatisfactory, therefore, she is considering the possibility of discontinuing the housekeeping program The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equipment from job to job. If the program were discontinued, the van would be donated to a charitable organization. None of the general administrative overhead would be avoided if the housekeeping program were dropped, but the liability insurance and the salary of the program administrator would be avoided. Required: 1-a. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? 1-b. Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? 2-a. Prepare a properly formatted segmented income statement 2-b. Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? Complete this question by entering your answers in the tabs below. Reg 1A Req 18 Reg 2A Reg 28 Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? OYes ONO
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