can you please help me in solving part 6th as soon possible
Can you help me erate the segmented income stotement Aropewly? Mountain Soorts tid. Segrerted inceme Ssaterient For the Vear foded Der 31, 2019 5. Based on both quantitative and qualitative analysis, should the Parts \\& Service Department be closed? Explain to mahagement in a way that they can understand. Be sure to use your anwwer from the previous part in your response. Do not give textbook answers, use question datal ( 2 marks) 6. Please write a brief memo to the junior accountant explaining the changes you made to the segmented income statement. Textbook definitions will not be awarded marks. Please use question data and your own words. Even though the junior accountant has some accounting background, the owners do not. As such, please ensure you write explanations in a way that both the junior accountant and the owners can understand. ( 5 marks) NOTE: You can write the memo here. There is no need to include a separate Word document as per the Question 2 lecture. Part A: [25 marks) 1) Restane the segmented intome statement using the statement the junior accountant prepared and the notes to the financial statiments (Chaster 7 Appendia) Check ficures have been provided to ensure you are on the right track. If wou are not arriving at she check frures, please fiscots woh your goup members to determine where you went wrongl see the word document provided to your eroup containing the check feures! Notes: rou cannot use pour calculator and input the final answer. Mountale spontati. 30 Notes to the financial statements: 1. Advertising is committed to at the beginning of the perlod by management. Management has many different forms 31 of advertising campaigns with different focuses as follows: Mountain Sports carries a limited line of products and services that can be divided into four departments (segments): 1. Cross-country ski packages (swis, boots, and poles) 2. Mountain bikes 3. Accessories 4. Parts and service The owners of the company have been pleased wah the operating income to date as showm in the company's overal income itatement in Question 1 , Howevec, they wast to get a better ides of how each of its' four departments are doing. The jurior accountant, Kellk, thought a segmented incorne itatement would provide the information the cownes ars looking for, however, Kelly has rever peopared a segmented income statement. While Kelly tried to create the segrented statement, she has asked vou to review it and inake changes as necessary. Additional notes have been provided to the income statement so that you may assess if the junior accountant's statement is correct. Uleirutelk it is up to you to provide a corrected segnented income statensert and peovide recommendations to the onvers. A note from the junlar accountant, Kelly: and assumpelans t isied wher creating thir segmented incame stacement: pou resstate the segmented income stotemeve below, Oh the parts \\( s \\) service espenie a obo correct! words, the company mould continie to incar all theie coses repardess of which product Anes are offerest 2. The compary uses the straight tine method of depreciution. 3. The property taves are set by the Cty and do not charge with changes in sales voluthe. S4 8. Interest expense is charied on thie culszanding bank lours. The total incerest 2. Which product line does the best job of turning sales into profits? (hint: see \"SEG\" questions in chapter 7 workbook) 3. Management has been trying to decide if any departments should be closed. Based on the segmented income statement you prepared, what are your recommendations to management? Which (if amy) department should be closed? 4. Management had been considering closing the Parts \\& Service Department based on the segmented income statement that the junior accountant prepared. If this segment were closed, management estimates that sales for both Cross Country Skis and Mountain Bikes will decrease (see percentage below). Calculate the overall decrease in income to the company as a whole if the parts \\( \\& \\) service department is closed. Show all amounts as positlve numbers: Can you help me erate the segmented income stotement Aropewly? Mountain Soorts tid. Segrerted inceme Ssaterient For the Vear foded Der 31, 2019 5. Based on both quantitative and qualitative analysis, should the Parts \\& Service Department be closed? Explain to mahagement in a way that they can understand. Be sure to use your anwwer from the previous part in your response. Do not give textbook answers, use question datal ( 2 marks) 6. Please write a brief memo to the junior accountant explaining the changes you made to the segmented income statement. Textbook definitions will not be awarded marks. Please use question data and your own words. Even though the junior accountant has some accounting background, the owners do not. As such, please ensure you write explanations in a way that both the junior accountant and the owners can understand. ( 5 marks) NOTE: You can write the memo here. There is no need to include a separate Word document as per the Question 2 lecture. Part A: [25 marks) 1) Restane the segmented intome statement using the statement the junior accountant prepared and the notes to the financial statiments (Chaster 7 Appendia) Check ficures have been provided to ensure you are on the right track. If wou are not arriving at she check frures, please fiscots woh your goup members to determine where you went wrongl see the word document provided to your eroup containing the check feures! Notes: rou cannot use pour calculator and input the final answer. Mountale spontati. 30 Notes to the financial statements: 1. Advertising is committed to at the beginning of the perlod by management. Management has many different forms 31 of advertising campaigns with different focuses as follows: Mountain Sports carries a limited line of products and services that can be divided into four departments (segments): 1. Cross-country ski packages (swis, boots, and poles) 2. Mountain bikes 3. Accessories 4. Parts and service The owners of the company have been pleased wah the operating income to date as showm in the company's overal income itatement in Question 1 , Howevec, they wast to get a better ides of how each of its' four departments are doing. The jurior accountant, Kellk, thought a segmented incorne itatement would provide the information the cownes ars looking for, however, Kelly has rever peopared a segmented income statement. While Kelly tried to create the segrented statement, she has asked vou to review it and inake changes as necessary. Additional notes have been provided to the income statement so that you may assess if the junior accountant's statement is correct. Uleirutelk it is up to you to provide a corrected segnented income statensert and peovide recommendations to the onvers. A note from the junlar accountant, Kelly: and assumpelans t isied wher creating thir segmented incame stacement: pou resstate the segmented income stotemeve below, Oh the parts \\( s \\) service espenie a obo correct! words, the company mould continie to incar all theie coses repardess of which product Anes are offerest 2. The compary uses the straight tine method of depreciution. 3. The property taves are set by the Cty and do not charge with changes in sales voluthe. S4 8. Interest expense is charied on thie culszanding bank lours. The total incerest 2. Which product line does the best job of turning sales into profits? (hint: see \"SEG\" questions in chapter 7 workbook) 3. Management has been trying to decide if any departments should be closed. Based on the segmented income statement you prepared, what are your recommendations to management? Which (if amy) department should be closed? 4. Management had been considering closing the Parts \\& Service Department based on the segmented income statement that the junior accountant prepared. If this segment were closed, management estimates that sales for both Cross Country Skis and Mountain Bikes will decrease (see percentage below). Calculate the overall decrease in income to the company as a whole if the parts \\( \\& \\) service department is closed. Show all amounts as positlve numbers
