Business, 23.04.2020 01:46, Tf0273433

Shannon Company segments its income statement into its North and South Divisions. The company’s overall sales, contribution margin ratio, and net operating income are $960,000, 34%, and $19,200, respectively. The North Divisions contribution margin and contribution margin ratio are $121,600 and 38%, respectively. The South Division’s segment margin is $140,800. The company has $211,200 of common fixed expenses that cannot be traced to either division. Required:

Prepare an income statement for Shannon Company that uses the contribution format and is segmented by divisions.

Answers: 2

Show answers

Other questions on the subject: Business

Business, 21.06.2019 23:30, shannydouglas

Which type of market are you in if your company, along with three other companies, controls 95 percent of the total music industry?

Answers: 3

continue

Business, 22.06.2019 01:50, jjaheimhicks3419

Amanda rice has just arranged to purchase a $640,000 vacation home in the bahamas with a 20 percent down payment. the mortgage has a 7 percent apr compounded monthly and calls for equal monthly payments over the next 30 years. her first payment will be due one month from now. however, the mortgage has an eight-year balloon payment, meaning that the balance of the loan must be paid off at the end of year 8. there were no other transaction costs or finance charges. how much will amanda’s balloon payment be in eight years

Answers: 3

continue

Business, 22.06.2019 10:30, batmanmarie2004

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

continue

Business, 22.06.2019 11:00, szinx

Abank provides its customers mobile applications that significantly simplify traditional banking activities. for example, a customer can use a smartphone to take a picture of a check and electronically deposit into an account. this unique service demonstrates the bank’s desire to practice which one of porter’s strategies?

Answers: 3

continue

Do you know the correct answer?

Shannon Company segments its income statement into its North and South Divisions. The company’s over...