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For the first quarter of 2018, Jorge Limited has four operating segments. The total income from operations is $213,000. The results are as follows: SEGMENTS (000 of dollars) One Two Three Four Sales $ 250 $ 200.0 $ 500 $ 450.0 Variable Costs: Cost of Goods Sold 140 172.8 240 187.5 Selling & Administrative 30 36.0 30 30.0 Contribution Margin 80 ( 8.8) 230 232.5 Fixed Costs: Cost of Goods Sold 60 19.2 60 62.5 Selling & Administrative 45 24.0 30 20.0 Net Income $ (25) $(52.0) $ 140 $ 150.0 If a segment is discontinued, about 50% of the fixed costs and expenses for that segment would be saved. Top management is considering the discontinuation of one or both of the unprofitable segments. Most of the managers agree that both segments should be discontinued. INSTRUCTIONS: 1. Should Jorge Limited eliminate one or both of the unprofitable segments? Explain. Prepare analyzes to support your answer. 2. Compare the total income for all four segments with the total income if segment Two was eliminated. Determine the difference and explain the difference.
Prepare the statement, with explanations, showing the greatest profit available from the limited amount of skilled labour available, within the constraint stated. Hint: Remember that all labour is paid at the same rate.
prepare multiple-step income statement.shown below is information related to farr company.retained earnings 31st
Prepare any correcting entries that are necessary. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts...
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a company acquired some land independently appraised at 12000 and paid for it by issuing 1000 shares of its common
Crawford Company has the following equivalent units for July: materials 20,000 and conversion costs 18,000. Production cost data are: Materials Conversion Work in process, July 1 $ 3,200 $ 1,500 Costs added in July 25,200 21,000 The unit production c..
Compute the amount of cash and cash equivalent on Car Wash Company's balance sheet if, on the balance sheet date.
In most cases, prices are set by the
What is the amount of the tax liability for a head of household person having taxable income of $87,573? All answers should be rounded to the nearest dollar.
At what level of L does diminishing returns set in? At what level of L does the marginal product equal the average product?
Wentworth Limited, a large conglomerate firm, plans to build a new toll way. The cost (NINV) of the project is expected to be $2 billion. Net cash inflows are expected to equal $550 million per year. How many years must the firm generate this cash in..
Determine the value-added, non-value-added, total lead time, and the value-added ratio under the traditional and just-in-time manufacturing methods. Round percentages to one decimal place.
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