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Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Yos: No Would
Based on the financial advantage (disadvantage) of discontinuing the Housekeeping program calculated in requirement Req 1A, should the Housekeeping program be discontinued? Yos: No Would a segmented income statement format be more useful to management in assessing the long-run financial viability of the various services? renices are provided for seniors - home nurshy. Meals On Wheels, and housekeep ing Data on revenue and expenses for the past rear follaw Alioceted on the basis of program revenues. the possibility of discontinuing the housekeeping program. solary of the program administrator would be avoided. Pequired: 1-a. What is the financial advantage (disadvontage) of discontinuing the Housekeeping program? discontinued? 2. Prepore a property formatted segmented income statement. 2.b. Would a segmented income statement format be more useful to management in assessing the long-tun financial viability of the various services? Complete this question by entering your answers in the tabs below. What is the financial advantage (disadvantage) of discontinuing the Housekeeping program? Prepare a properly formatted segmented income statement. \begin{tabular}{|l|l|l|l|l|} \hline Revenues & Total & Home Nursing & MealsOnWheels & House-keeping \\ \hline Variable expenses & & & & \\ \hline Contribution margin & & & & \\ \hline Traccable fixod expenses: & & & & \\ \hline Depreciation & & & & \\ \hline Liability insurance & & & & \\ \hline Program administrators' salaries & & & & \\ \hline Total traceable fixed expenses & & & & \\ \hline Program segment margins & & & & \\ \hline General administrative overhead & & & \\ \hline Net operating income (loss) & & & \\ \hline \end{tabular}
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