Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County

image text in transcribed
Jackson County Senior Services is a nonprofit organization devoted to providing essential services to seniors who live in their own homes within the Jackson County area. Three services are provided for seniors-home nursing. Meals On Wheels, and housekeeping Data on revenue and expenses for the past year follow Home Total $928,000 $ 469,800 459.000 Nursing 270,000 $ 112,000 158,000 Meals On House Wheels keeping 405,000 $ 253,000 204,000 153,000 201,000 180,000 Revenues Variable expenses Contribution margin Fixed expenses: Depreciation Liability insurance Program administrators Salaries General administrative overhead Total fixed expenses Het operating income (loss) 69,400 43,300 115,900 8,600 20,800 40,900 40,400 7,200 38,300 20,400 15,300 36,700 185,600 414, 2009 $ 46,800 $ 81,000 54,00 124,300 33,700 $ Se, 600 166,900123,000 34,100 $(23,000) located on the basis of program revenues The head s tor of Jackson County Senior Services, Judith Miyama, considers last year's net operating income of $44.800 to be a ctory, therefore she is considering the possibility of discontinuing the housekeeping program The depreciation in housekeeping is for a small van that is used to carry the housekeepers and their equpment from job to job. If the o were in continued the van would be donated to a charitable organizon None of the general administrative overhead would be avoided of the housekeeping program were dropped but the abity wsurance and the salary of the program administrator would be voded Required to who is the financial advantage (dnadvantage of discontinuing the Housekeeping program? 16. Should the Housekeeping program be discontinued 2. Prepare properly formatted segmented income statement 2. Woulda segmented income statement format be more useful to management in assessing the long ru Wars C e this question by entering your answers in the tastrow n ciat ty of the

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions