User Account

All Pages

Compute gross profit for the white and grey divisions

Assignment Help Accounting Basics
Reference no: EM132004358

Question - Jamesway Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year:

White Division Grey Division

Sales (net) $800,000 $310,000

Salary expense 19,000 39,000

Cost of goods sold 180,000 150,000

The White Division occupies 11,000 square feet in the plant. The Grey Division occupies 21,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $41,000. Compute gross profit for the White and Grey Divisions, respectively.

$781,000; $271,000.

$161,000; $100,000.

$620,000; $160,000.

$161,000; $121,000.

$150,000; $100,000.

Reference no: EM132004358

Questions Cloud

Prepare cobbs hill inc statement of cash flows : Prepare Cobbs Hill, Inc.s statement of cash flows and accompanying schedule of noncash investing and financing activities
How would you interpret this result in order to provide : Suppose you constructed a pro forma balance sheet for a construction company and the estimate for external financing required was negative.
Nominal annual rate of interest compounded monthly : The nominal annual rate of interest compounded monthly on this loan is 7.69%. You can afford to pay monthly $ 1591.19 CAD.
What is your profit if the exchange rate goes down : Suppose your company imports computer motherboards from Singapore. The exchange rate is currently 1.2853 S$/US$. You have just placed an order.
Compute gross profit for the white and grey divisions : Rent expense for the year was $41,000. Compute gross profit for the White and Grey Divisions, respectively
Determine as many points as possible in today yield curve : Determine as many points as possible in today's yield curve (or term structure of interest rates).
Companys interest coverage ratio is : Suppose a company has earnings before taxes of $20 billion and its income tax is 35% of its earnings before
Considering new three-year expansion project : Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.58 million.
Determined the rate of return on investment : The Bottlebrush Company has income from operations of $95,940, Use the DuPont formula to determined the rate of return on investment

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +91-977-207-8620

Phone: +91-977-207-8620

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

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