{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-09-16T00:07:57-04:00", "answer_date": "2024-09-16 00:07:57", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "11107115", "url": "\/study-help\/questions\/please-show-what-formula-you-will-use-thank-you-hamilton-11107115", "question_creation_date_js": "2024-09-16T00:07:57-04:00", "question_creation_date": "Sep 16, 2024 12:07 AM", "meta_title": "[Solved] Please show what formula you will use. Th | SolutionInn", "meta_description": "Answer of - Please show what formula you will use. Thank you Hamilton, Inc. has two divisions, Parker and Blaine. Following is the | SolutionInn", "meta_keywords": "show,formula,will,thank,hamilton,inc,two,divisions,parker,blaine,income,statement", "question_title_h1": "Please show what formula you will use. Thank you Hamilton, Inc. has two divisions, Parker and Blaine. Following is the income statement for the previous", "question_title": "Please show what formula you will use. Thank you Hamilton, Inc. has", "question_title_for_js_snippet": "Please show what formula you will use Thank you Hamilton, Inc has two divisions, Parker and Blaine Following is the income statement for the previous year Parker Blaine Sales $1,200,000 $800,000 Variable Costs 600,000 450,000 Contribution Margin $600,000 $350,000 Fixed Costs 450,000 390,000 Net Operating Income $150,000 ($40,000) Of the total fixed costs, $600,000 are common fixed costs that are allocated equally between the divisions What would Hamilton's net operating income be if Blaine were dropped Selected Answer ($240,000) Answers ($240,000) ($150,000) $110,000 $150,000", "question_description": "

Please show what formula you will use. Thank you<\/p>

Hamilton, Inc. has two divisions, Parker and Blaine. Following is the income statement for the previous year:<\/p>
<\/td> Parker<\/strong> <\/td> Blaine<\/strong> <\/td> <\/tr>
Sales<\/td> $1,200,000<\/td> $800,000<\/td> <\/tr>
Variable Costs<\/td> 600,000<\/td> 450,000<\/td> <\/tr>
Contribution Margin<\/td> $600,000<\/td> $350,000<\/td> <\/tr>
Fixed Costs<\/td> 450,000<\/td> 390,000<\/td> <\/tr>
Net Operating Income<\/td> $150,000<\/td> ($40,000)<\/td> <\/tr> <\/tbody> <\/table>

Of the total fixed costs, $600,000 are common fixed costs that are allocated equally between the divisions. What would Hamilton's net operating income be if Blaine were dropped?<\/p> <\/td> <\/tr>

Selected Answer:<\/td>

($240,000)<\/p> <\/td> <\/tr>

Answers:<\/td>

($240,000)<\/p> <\/td> <\/tr>

<\/td>

($150,000)<\/p> <\/td> <\/tr>

<\/td>

$110,000<\/p> <\/td> <\/tr>

<\/td>

$150,000<\/p> <\/td> <\/tr> <\/tbody> <\/table> <\/td> <\/tr> <\/tbody> <\/table>", "transcribed_text": "", "related_book": { "title": null, "isbn": null, "edition": null, "authors": null, "cover_image": null, "uri": null, "see_more_uri": "" }, "free_related_book": { "isbn": "", "uri": "", "name": "", "edition": "" }, "question_posted": "2024-09-16 00:07:57", "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\/theory-of-probability\/a-population-consists-of-m-families-let-xj-denote-the-2014306", "description": "A population consists of m families. Let Xj denote the size of family j, and suppose that X1, . . . ,Xm are independent random variables having the common probability mass function with mean = kkpk....", "stars": 0 }, { "url": "\/these-financial-statement-items-are-for-emjay-company-at-yearend", "description": "These financial statement items are for Emjay Company at year-end, July 31, 2014. Instructions (a) Prepare an income statement and a retained earnings statement for the year. (b) Prepare a classified...", "stars": 3.5 }, { "url": "\/study-help\/questions\/please-show-what-formula-you-will-use-thank-you-hamilton-11107115", "description": "Please show what formula you will use. Thank you Hamilton, Inc. has two divisions, Parker and Blaine. Following is the income statement for the previous year: Parker Blaine Sales $1,200,000 $800,000...", "stars": 3.5 }, { "url": "\/study-help\/questions\/suppose-you-are-employed-as-a-relationship-manager-at-tracker-622358", "description": "Suppose you are employed as a relationship manager at Tracker South Africa and you have just received the following complaint: After going through the process of adding device to my contract as now...", "stars": 3.5 }, { "url": "\/study-help\/questions\/qs-115-algo-preparing-a-schedule-of-cost-of-goods-5455281", "description": "QS 1-15 (Algo) Preparing a schedule of cost of goods manufactured LO P2 Prepare the schedule of cost of goods manufactured for Barton Company using the following information for the year ended...", "stars": 3.5 }, { "url": "\/study-help\/questions\/ab-ltd-presents-the-following-selected-accounts-all-balances-are-1584190", "description": "AB Ltd. presents the following selected accounts, all balances are after adjusting journal entries. All accounts have normal balances (accounts which are normally debits have debit balances here and...", "stars": 3.5 }, { "url": "\/study-help\/questions\/required-information-the-following-information-applies-to-the-questions-displayed-1600503", "description": "Required information [The following information applies to the questions displayed below.] Damarcus is a 50 percent owner of Rockit (a business entity). In the current year, Rockit reported a...", "stars": 3.5 }, { "url": "\/study-help\/questions\/question-9-05-points-determining-if-the-development-of-a-1607826", "description": "Question 9 0.5 Points Determining if the development of a new business process meets all state and federal requirements would typically be part of a (A) Specifications document B) Charter (C) Minimal...", "stars": 3.5 }, { "url": "\/study-help\/questions\/2-in-considering-audience-one-must-think-about-check-all-1608100", "description": "2. In considering audience, one must think about (check all that apply) Who will use the information directly Who may dislike or resist the information and how to soothe that Who will file the...", "stars": 3.5 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/abc-company-reported-net-revenues-of-900000-in-2019-and-11107114", "next": "\/study-help\/questions\/randolph-and-tammy-own-a-second-home-they-spent-4-11107116" }, "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": "Please show what formula you will use. Thank you Hamilton, Inc. has", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/please-show-what-formula-you-will-use-thank-you-hamilton-11107115" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } }