From the following, calculate departmental income before tax. Assume a tax rate of 30%. Dept. A Dept.
Question:
From the following, calculate departmental income before tax. Assume a tax rate of 30%.
Transcribed Image Text:
Dept. A Dept. B Net Sales $210,000 $280,000 Cost of Goods Sold 108,000 129,000 Delivery Expense 24,800 28,200 Advertising Expense 23,400 22,050 Depreciation Expense 24,000 22,500
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 61% (18 reviews)
DEPT A DEPT B TOTAL Net Sales 210 0 0 0 00 280 0 0 0 0...View the full answer
Answered By
Mugdha Sisodiya
My self Mugdha Sisodiya from Chhattisgarh India. I have completed my Bachelors degree in 2015 and My Master in Commerce degree in 2016. I am having expertise in Management, Cost and Finance Accounts. Further I have completed my Chartered Accountant and working as a Professional.
Since 2012 I am providing home tutions.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
College Accounting A Practical Approach
ISBN: 9780134729312
14th Edition
Authors: Jeffrey Slater, Mike Deschamps
Question Posted:
Students also viewed these Business questions
-
An income statement showing departmental income before tax does not list individual operating expenses for each department. Agree or disagree? Please explain.
-
Assume a tax rate of 6.2% on $118,500 for Social Security and 1.45% for Medicare. No one will reach the maximum for FICA. Complete the following payroll register. (Use the percentage method to...
-
A process has a production rate of 30 units per hour. If it takes 50 minutes for a single unit to be completed in the process, what is the inventory of units in the process?
-
Find the equation for the lower half of the circle x + (y-8) = 7. Put the equation in the form y = g(x), and then enter g(x) into the answer box below. Enter your answer as a symbolic function of x,...
-
What are the conditions under which an American put would be exercised early on a stock that pays no dividends?
-
1. Have you been subject to always-on culture? 2. Do you believe companies should reinforce the idea of compensating workers for working off the clock? 3. Are there any improvements that could he...
-
Characterize the organizational structure of the information system function.
-
Explain the legal basis for a cause of action against an auditor. What are the defenses available to the auditor to rebut such charges? How does adherence to the ethical standards of the accounting...
-
Imagine you are a senior data analyst working for a company that specializes in sports predictive analysis. Your company sells this information to sports media outlets. you will address the specific...
-
Chicken feed is transported by trucks from three silos to four farms. Some of the silos cannot ship directly to some of the farms. The capacities of the other routes are limited by the number of...
-
Given the following, calculate net income: Dept. 1 Dept. 2 Net Sales $39,000 $43,000 Costof Goods Sold 24,000 30,000 Operating Expenses $16,400 Income Tax Expense, 30% rate
-
Calculate the contribution margin for each department and income before taxes, based on the following: Dept. A 12,000 square feet Dept. B 18,000 square feet Net Sales $51,000 $87,000 Cost of Goods...
-
On a 20-item measure of self-esteem (higher scores reflect greater self-esteem), five teenagers scored as follows: Calculate the (a) Range, (b) Inter-quartile range, and (c) Variance and standard...
-
what type of information would be most important to you before deciding on what type of financing to use?
-
Tracy and her sisters opened Accounting and Consulting Pty Ltd on 1 July 2023. During the first month of operations, the following transactions occurred. The business is not registered for GST. July...
-
Using one of the following products/services: shampoo, dog food, bottled water, a hotel, a pizza restaurant, or an MP3 player. Explain how you would introduce your selection using each of the six...
-
A portfolio has a beta of 1.15 and an annual expected return of 12.75%. The riskless rate is 1.29% and the annual expected return of the market is 9.82% What is the alpha of the portfolio.
-
Shunda Company wholesales parts to appliance manufacturers. On January 1, Shunda issued $20,000,000 of 5-year, 10% bonds at a market (effective) interest rate o 8%, receiving cash of $21,622,179....
-
In general, the marginal cost (MC) curve is U-shaped as you learned in the lectures and the textbook. However, exception exists. Please provide at least one industry as an example to illustrate that...
-
What recommendations would you make to Big Four firms to help them (1) avoid confrontations with governmental officials in an authoritarian society and (2) deal effectively with such confrontations...
-
On December 31, 2013, $300 of salaries has been accrued. (Salaries before accrued amount totalled $26,000.) The next payroll to be paid will be on February 3, 2014, for $6,000. Do the following: a....
-
Prepare a formal income statement from the following partial worksheet for Porters Pants Co. of Hantsport. PORTER'S PANTS CO. PARTIAL WORKSHEET FOR YEAR ENDED DECEMBER 31, 2012 Income Statement r....
-
Prepare a statement of owners equity and a classified balance sheet from the partial worksheet for James Company of Penticton (page 598). Note: Of the Mortgage Payable, $200 is due within one year.
-
Can help me discuss how accountants speak a different language. What terminology, principles, and concepts create a distinct language within accounting?
-
The annual return to savings is currently $100 billion per year in a certain nation. The estimated value of wealth in the nation is $1 trillion. Calculate the percentage gross return to savings....
-
Central tendency is a concept in statistics that is used to determine the middle or center value of a collection of data. This is a way of describing the most typical or most frequent element in a...
Study smarter with the SolutionInn App