subject
Mathematics, 22.02.2021 01:10 lindselu

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 $500,000, 46%, and $10,000, respectively. The North Division’s contribution margin and contribution margin ratio are $150,000 and 50%, respectively. The South Division’s segment margin is $30,000. The company has $90,000 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. In addition, for the company as a whole and for each segment, show each item on the segmented income statements as a percent of sales. (Round your percentage answers to 1 decimal place (i. e 0.1234 should be entered as 12.3).)

ansver
Answers: 2

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 20:50, karaisabelhill
Find the missing variable for a parallelogram: a = latex: 32in^2 32 i n 2 h = b = 6.3 in (1in=2.54cm)
Answers: 2
image
Mathematics, 21.06.2019 23:20, cynayapartlow88
Which best describes a central bank's primary goals? limiting inflation and reducing unemployment reducing unemployment and maintaining cash flow controlling stagflation and reducing unemployment managing credit and ensuring the money supply's liquidity
Answers: 1
image
Mathematics, 22.06.2019 00:30, alyssa32900
Taber invested money in an account where interest is compounded every year. he made no withdrawals or deposits. the function a(t)=525(1+0.05)^t represent the amount of money in the account after t years. how much money did taber origanally invested?
Answers: 1
image
Mathematics, 22.06.2019 00:50, kyleeeeee94
Given: ab ≅ bc and ao ≅ oc ok − angle bisector of ∠boc find: m∠aok
Answers: 2
You know the right answer?
Shannon Company segments its income statement into its North and South Divisions. The company’s over...

Questions in other subjects:

Konu
Mathematics, 06.02.2021 01:00
Konu
Chemistry, 06.02.2021 01:00
Konu
Mathematics, 06.02.2021 01:00
Konu
Mathematics, 06.02.2021 01:00
Konu
Mathematics, 06.02.2021 01:00