Business, 29.11.2020 08:50 Hatter6998
Segmented Income Statement
Kraft Bowlen owns two sports franchises—the Bladers (a hockey team) and the Ballers (a basketball team). The following information was provided for the coming year.
Bladers Ballers
Sales $80,000,000 $180,000,000
Variable cost of goods sold 10,000,000 30,000,000
Direct fixed overhead 20,000,000 100,000,000
A sales commission of 5% of sales revenue is paid for each of the two sports franchises. Direct fixed selling and administrative expense was estimated to be $4,000,000 for the Bladers franchise and $10,000,000 for the Ballers franchise.
Common fixed overhead associated with owning the franchises was estimated to be $18,000,000; common selling and administrative expense was estimated to be $8,000,000.
Required:
Prepare a segmented income statement for Kraft Bowlen for the coming year, using variable costing.
Note: Enter all amounts as positive numbers except operating loss, if applicable.
Kraft Bowlen
Segmented Income Statement
For the Coming Year
Bladers Ballers Total
$fill in the blank 2
$fill in the blank 3
$fill in the blank 4
Less variable expenses:
fill in the blank 6
fill in the blank 7
fill in the blank 8
fill in the blank 10
fill in the blank 11
fill in the blank 12
Contribution margin $fill in the blank 13
$fill in the blank 14
$fill in the blank 15
Less direct fixed expenses:
fill in the blank 17
fill in the blank 18
fill in the blank 19
fill in the blank 21
fill in the blank 22
fill in the blank 23
Segment margin $fill in the blank 24
$fill in the blank 25
$fill in the blank 26
Less common fixed expenses:
fill in the blank 28
fill in the blank 30
$fill in the blank 32
Answers: 1
Business, 21.06.2019 19:20, BluSeaa
In 2007, americans smoked 19.2 billion packs of cigarettes. they paid an average retail price of $4.50 per pack. a. given that the elasticity of supply is 0.50.5 and the elasticity of demand is negative 0.4−0.4, derive linear demand and supply curves for cigarettes. the demand equation is qdequals=nothingplus+nothing times ×p and the supply equation is qsequals=nothingplus+nothing times ×p.
Answers: 2
Business, 22.06.2019 00:00, leilakainani26
Alandlord rented an art studio to an artist. under the terms of the signed, written, two-year lease, the artist agreed to pay the landlord $1,000 per month and to assume responsibility for all necessary repairs. after the first year of the lease, the artist assigned the balance of his lease to a sculptor. the landlord approved the sculptor as a tenant and accepted two rent payments from her, and then the landlord sold the building to an investor. the sculptor had made two payments to the investor when an electrical fire broke out in the studio, injuring the sculptor. the fire was caused by faulty wiring. the landlord was aware that there was a dangerous wiring problem when he leased the property to the artist. but when the landlord discovered how costly repairs would be, he decided it would be more profitable to sell the property than to repair it. the problem was not easily discoverable by anyone other than an expert electrician, and the landlord did not tell the artist, the sculptor, or the investor about the problem. the sculptor sues to recover damages for her injuries. from whom can the sculptor recover?
Answers: 3
Business, 22.06.2019 01:30, AbyssAndre
Can you post a video on of the question that you need on
Answers: 2
Business, 22.06.2019 06:30, solphiafischer
Individual consumers belong to which step of choosing a target market? possible customers competition demographics communication
Answers: 2
Segmented Income Statement
Kraft Bowlen owns two sports franchises—the Bladers (a hockey team) and...
Mathematics, 07.04.2020 01:12
Mathematics, 07.04.2020 01:12
History, 07.04.2020 01:12
Biology, 07.04.2020 01:12