Prepare a segmented income statement for countywide

Assignment Help Financial Accounting
Reference no: EM13328548

Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying.

Data for these segments for the year just ended follow.
Metro Suburban Outlying

Service revenue .......................................................................... $1,000,000 $800,000 $400,000
Variable expenses ....................................................................... 200,000 150,000 100,000
Controllable fixed expenses ......................................................... 400,000 320,000 150,000
Fixed expenses controllable by others .......................................... 230,000 200,000 90,000
In addition to the expenses listed above, the company has $95,000 of common fixed expenses.

Income-tax expense for the year is $145,000.

Required:

1. Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format.

Reference no: EM13328548

Questions Cloud

Use the internet to investigate further strengths-weaknesses : Use the internet to investigate further the strengths and weaknesses of just in time inventory and production methods. What role does forecasting play in just in time production compared to older methods of inventory control?
Constantly monitor competitors activities : Marketing decision makers in a firm must constantly monitor competitors' activities - their products, prices, distribution, and promotional effort.
Definitions of marketing in text-reference books in library : Let us explore definitions of marketing in the text and reference books in the library. Next, we will apply marketing to our degree concentrations. Do not use any other sources for this assignment.
The ctu professional learning model : The CTU Professional Learning Model
Prepare a segmented income statement for countywide : Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format - Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying.
Explain how the sodium/potassium pump-leak channels : Explain how the sodium/potassium pump, leak channels, and the diffusion of Na and K lead to polarization/resting membrane potential.
Estimate the frequency of oscillations : A string with a length of 2 m resonates in three loops as shown above. The string linear density is 0.05 kg/m and the suspended mass is 1.5 kg. What is the frequency of oscillations
Estimate the stock price for year : Estimate the stock price for year s two and three, assuming that the current PE multiple remains constant for each of the two forecasted years.
Find the velocity of the mass just before it strikes spring : A 500-g block is released from rest and slides down a frictionless track that begins 2.00 m above the horizontal. At the bottom of the track, What is the velocity of the mass just before it strikes the spring

Reviews

Write a Review

Financial Accounting Questions & Answers

  Describe the changing role of management accountants

Describe the changing role of management accountants with reference to how it impacts on the current business environment.

  Find how many shares are outstanding

Sommerville, Corporation repurchased 25,000 shares. Find how many shares are outstanding?

  Prove that the above function is strictly concave

Calculate the value of y?, which is the value of the secant line at x?, using the formula y? = ?f(xA) (1 ? ?)f(xB). (c) Prove that the above function is strictly concave by demonstrating that f(x?) > y?.

  What corporation from an organizational architecture point

The text argues that individual behavior was not at the core of Enron’s problems. What were the problems with this corporation from an organizational architecture point of view?

  What will be her monthly payment to retire the mortgage

what will be her monthly payment to retire the mortgage in 15 years. Consider the 24th payment how much the intrest and the principle payments be?

  Solve equations about ages

Write an equation that models how old in years each of you will be, when your ages add up to 150 years old. For example, if x = your age and the eldest person was a year older than you, you would write their age as x + 1. Then the equation would b..

  Liquidity on british petroleum

Select a company from the London stock exchange under FTSE 350 - Liquidity On British petroleum

  Why does an intra-entity sale of a depreciable asset

Why does an intra-entity sale of a depreciable asset (such as equipment or a building) require subsequent adjustments to depreciation expense within the consolidation process?

  Discuss the benefit buyouts

Discuss the benefit buyouts. GM is doing it and some other company may follow. What do you think of the buyouts? If you were a GM employee, would you accept the buyout? Why or why not?

  Net income of the financial brokers partnership

Evaluate what was the net income of the Financial Brokers Partnership for 2008

  Is that consistent with us gaap

How does British Airways, Plc. (BA)account for “other current interest-bearing deposits”? Is that consistent with U.S. GAAP? What is the amount of those investments that are maturing after three months, as of March 31, 2009?

  Calculate the credit for child and dependent care expenses

During the year, they spend $7,000 for child care expenses that are required so both of them can work outside of the home. Calculate the credit for child and dependent care expenses.

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