{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T09:10:36-04:00", "answer_date": "2024-05-26 09:10:36", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1731911", "url": "\/study-help\/questions\/millard-corporation-is-a-wholesale-distributor-of-office-products-it-1731911", "question_creation_date_js": "2024-05-26T09:10:36-04:00", "question_creation_date": "May 26, 2024 09:10 AM", "meta_title": "[Solved] Millard Corporation is a wholesale distri | SolutionInn", "meta_description": "Answer of - Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and | SolutionInn", "meta_keywords": "millard,corporation,wholesale,distributor,office,products,purchases,manufacturers,distributes,west,central,east", "question_title_h1": " Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the West, Central, and East", "question_title": " Millard Corporation is a wholesale distributor of office products. It purchases", "question_title_for_js_snippet": "Millard Corporation is a wholesale distributor of office products It purchases office products from manufacturers and distributes them in the West, Central, and East regions Each of these regions is about the same size and each has its own manager and sales staff The company has been experiencing losses for many months In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region The company's first effort at preparing a segmented income statement for May is given below Sales Region Central $ 801,000 Sales Regional expenses (traceable) Cost of goods sold Advertising Salaries Utilities Depreciation shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) West $ 313,000 East $ 698,000 99,000 105,000 241,000 314,000 237,000 238,000 58,000 51,000 110,000 9,000 15,900 13,500 19,000 33,000 27,000 14,000 26,000 41,000 304,000 603,900 743,500 9,000 197,100 (45,500) 13,000 40,000 35,000 22,000 22,000 22,000 35,000 62,000 57,000 $ (26,000) $ (135,100) $ (102,500) The cost of goods sold and shipping expense are both variable All other costs are fixed ", "question_description": "\"image\"image", "transcribed_text": "Millard Corporation is a wholesale distributor of office products. It purchases office products from manufacturers and distributes them in the West, Central, and East regions. Each of these regions is about the same size and each has its own manager and sales staff. The company has been experiencing losses for many months. In an effort to improve performance, management has requested that the monthly income statement be segmented by sales region. The company's first effort at preparing a segmented income statement for May is given below. Sales Region Central $ 801,000 Sales Regional expenses (traceable): Cost of goods sold Advertising Salaries Utilities Depreciation shipping expense Total regional expenses Regional income (loss) before corporate expenses Corporate expenses: Advertising (general) General administrative expense Total corporate expenses Net operating income (loss) West $ 313,000 East $ 698,000 99,000 105,000 241,000 314,000 237,000 238,000 58,000 51,000 110,000 9,000 15,900 13,500 19,000 33,000 27,000 14,000 26,000 41,000 304,000 603,900 743,500 9,000 197,100 (45,500) 13,000 40,000 35,000 22,000 22,000 22,000 35,000 62,000 57,000 $ (26,000) $ (135,100) $ (102,500) The cost of goods sold and shipping expense are both variable. All other costs are fixed.", "related_book": { "title": "Financial Accounting", "isbn": "978-0132771801, 9780132771580, 132771802, 132771586, 978-0133052152", "edition": "2nd edition", "authors": "Robert Kemp, Jeffrey Waybright", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/292.jpg", "uri": "\/textbooks\/financial-accounting-2nd-edition-292", "see_more_uri": "" }, "free_related_book": { "isbn": "1414386907", "uri": "\/textbooks\/the-sea-keeper-s-daughters-1st-edition-978-1414386904-103943", "name": "The Sea Keeper's Daughters", "edition": "" }, "question_posted": "2024-05-26 09:10:36", "see_more_questions_link": "\/study-help\/questions\/business-banking-2021-September-12", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/what-is-the-significance-of-communication-between-managers-and-their-711755", "description": "What is the significance of communication between managers and their subordinates, and how does it impact employee performance?", "stars": 0 }, { "url": "\/in-chapter-4-you-saw-the-creation-of-the-tiny", "description": "In Chapter 4, you saw the creation of the Tiny College database design. That design reflected such business rules as a professor may advise many students and a professor may chair one department....", "stars": 3 }, { "url": "\/study-help\/sports-marketing\/16-interview-five-to-ten-people-who-have-fulltime-jobs-1779778", "description": "=+16. Interview five to ten people who have full-time jobs with benefits. Find out what fringe benefits they receive. Create a three-column table. In the first column, list ten benefits. In the...", "stars": 3 }, { "url": "\/study-help\/coaching-supervision-a-practical-guide-for-supervisees\/in-this-chapter-we-have-argued-that-errors-and-accidents-1980299", "description": "In this chapter we have argued that errors and accidents are not necessarily bad for the organization, but rather that organizations could learn from these. In this sense, errors should not be...", "stars": 3 }, { "url": "\/charlton-associates-prepares-architectural-drawings-to-conform-to-local", "description": "Charlton Associates prepares architectural drawings to conform to local structural- safety codes. Its income statement for 2013 is as follows: Revenues ....................... $ 731,850 Salaries of...", "stars": 3 }, { "url": "\/study-help\/questions\/montgomery-corporation-in-january-the-board-of-directors-of-the-9857883", "description": "Montgomery Corporation In January, the board of directors of the Montgomery Corporation, one of Canada's largest retail store chains, was having its regularly scheduled meeting to establish and...", "stars": 3 }, { "url": "\/study-help\/questions\/swales-article-link-httpsdrivegooglecomfiled1scuq9fny8fjh9cjnwmzjjd73qtqnjlzkviewuspsharing-after-reading-the-swales-article-the-3960390", "description": "Swales article Link: https:\/\/drive.google.com\/file\/d\/1scUQ9fny8FJH9CJnwmzjJD73QtqNJLzk\/view?usp=sharing After reading the Swales article, the PowerPoint on Discourse Communities and \"Business...", "stars": 3 }, { "url": "\/study-help\/questions\/two-sides-of-a-triangle-measure-36-m-and-49-2223531", "description": "Two sides of a triangle measure 36 m and 49 m One possible dimension of the third side is Two sides of a triangle measure 36 m. and 49 m. One possible dimension of the third side is?", "stars": 3 }, { "url": "\/study-help\/questions\/59-trebecker-construction-plans-to-discontinue-its-roofing-segment-which-1001638", "description": "59. Trebecker Construction plans to discontinue its roofing segment which last year generated a contribution margin of $65,000 and incurred $70,000 in fixed costs. If the segment is discontinued,...", "stars": 3 }, { "url": "\/study-help\/questions\/in-real-estate-what-are-the-competing-interests-between-priority-1004234", "description": "In real estate, what are the competing interests between priority of federal vs. state tax liens? I need typed answer with explanation", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-following-roots-loci-5-4-3-2-o-1027343", "description": "Consider the following root's loci. 5 4 3 2 O Imaginary Axis (seconds) 3 -4 -5 -20 Root Locus -15 -10 -5 Real Axis (seconds) The angle of departure from the complex poles can be approximated by: A...", "stars": 3 }, { "url": "\/study-help\/questions\/use-pivot-table-privot-chart-and-basic-excel-functions-to-4149417", "description": "Use pivot table, privot chart, and basic excel functions to answer the following questions for data in \"econ\" tab. 1. For each of the variables in the next tab \"econ\": what is the average, the...", "stars": 3 }, { "url": "\/study-help\/questions\/perkins-inc-is-considering-an-investment-of-379000-in-an-8420832", "description": "Perkins, Inc., is considering an investment of $379,000 in an asset with an economic life of 5 years. The firm estimates that the nominal annual cash revenues and expenses at the end of the first...", "stars": 3 }, { "url": "\/study-help\/questions\/based-on-the-scenario-described-below-generate-all-possible-association-95021", "description": "Based on the scenario described below, generate all possible association rules with values for confidence, support (for dependent), and lift. Submit your solutions in a Word document (name it...", "stars": 3 }, { "url": "\/study-help\/public-finance\/you-will-need-a-calculator-for-this-problem-sanchez-earns-1684919", "description": "You will need a calculator for this problem. Sanchez earns $4,000, and she wants to save it for retirement, which is 10 years away. She can either save it in a taxable account or put it into a Roth...", "stars": 3 }, { "url": "\/study-help\/public-finance\/in-2009-president-obama-proposed-an-increase-in-the-tax-1684916", "description": "In 2009, President Obama proposed an increase in the tax rates on dividends and capital gains. Would these changes make sense in terms of the Haig-Simons definition of income? What effects do you...", "stars": 3 }, { "url": "\/study-help\/financial-markets\/1-understand-the-effect-of-leverage-on-the-cost-of-1684920", "description": "1. Understand the effect of leverage on the cost of equity and the beta of the firm when there is a corporate tax deduction for interest payments.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/eerie-manufacturing-inc-reported-the-following-at-december-31-2021-1731910", "next": "\/study-help\/questions\/effect-of-financing-on-earnings-per-share-bsf-co-1731912" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " Millard Corporation is a wholesale distributor of office products. It purchases", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/millard-corporation-is-a-wholesale-distributor-of-office-products-it-1731911" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } }" } }