Compute departmental operating income for each department

Assignment Help Accounting Basics
Reference no: EM132724446

Problem - The sales, cost of goods sold, and total operating expenses of departments A and B of Ash Company are as follows:


Dept. A

Dept. B

Sales

$200,000

$160,000

Cost of goods sold

  146,000

  115,000

Total operating expenses

    31,000

    22,000

Required - Compute the departmental operating income for each department.

Reference no: EM132724446

Questions Cloud

Discuss the importance of senior management in setting : Provide at least two reasons why the internal controls in place at Microsoft were not effective in detecting the accounting errors. Provide specific examples.
Find after-tax rate of return on highest yielding security : What is the after-tax rate of return on the highest yielding security?
Compare existing internal control environment at microsoft : Compare the existing internal control environment at Microsoft to its management's responsibility for designing effective internal controls
Management of the complications of chronic renal disease : Chronic Renal Disease is the progression of the loss of kidney function that occurs overtime.
Compute departmental operating income for each department : The sales, cost of goods sold, and total operating expenses of departments A and B - Compute the departmental operating income for each department
What amount of revenue should big joe record at the date : What amount of revenue should Big Joe's record at the date of sale? What guidance should Big Joe's apply to the subsequent measurement
Find annual retirement income shortfall : Sharon has calculated that she needs $70000 her first year of retirement to maintain her standard of living. She expects to receive $1000 per month
Journalize the entries by silverman enterprises to record : Journalize the entries by Silverman Enterprises to record the merchandise returned by Brewster Co. on February 23. If an amount box does not require
Which is true about a liquidating corporation : Which is true about a liquidating corporation? The corporation must be in a liquidation status when it makes the first liquidating distribution under the plan.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd