Prepare henleys contribution format income statement

Assignment Help Financial Accounting
Reference no: EM131031762

Henley Horticulture provides and maintains live plants in office buildings. The company's 862 customers are charged $35 per month for this service, which includes weekly watering visits. The variable cost to service a customer's location is $19 per month. The company incurs $2,028 each month to maintain its fleet of four service vans and $3,358 each month in salaries. Henley pays a bookkeeping service $2 per customer each month to handle all invoicing and accounting functions.

Prepare Henley's contribution format income statement for the month.

Reference no: EM131031762

Questions Cloud

Purchasing and supply management : Just as firms keep track of their inventory in order to optimize such areas as storage and delivery, a firm's use of transport modes is also analyzed. Discuss some ways in which mode use analysis might help in the decision-making for a firm's distrib..
Explain the gaap treatment of the item : Explain the GAAP treatment of the item (with citation to the Codification). Explain how to reconcile book to tax. Explain the tax treatment of the item.
Prepare the project proposal for a project : You are expected to prepare the project proposal for a project of sufficient complexity and value that you are familiar with to highlight the costing approach and appraisal of the project. Your proposal should include:
Evaluate the company ratios against the industry norm : Find industry quartiles for each of the ratio and evaluate the company ratios against the industry norm (a major competitor company) (cross-section analysis)
Prepare henleys contribution format income statement : Henley Horticulture provides and maintains live plants in office buildings. Prepare Henley's contribution format income statement for the month.
What is the products contribution margin : What is the product's contribution margin? What is the product's CM ratio? What is the margin of safety in dollars and units for Crestline Pipe?
Prepare journal entries necessary to bring companys balance : Prepare the journal entries necessary to bring the company's book balance of cash into conformity with the reconciled cash balance as of July 31, 2015.
Write down the best-response functions of firms : Write down Apple's best-response function. Also, write down Microsoft's best-response function - Conclude which outcomes of the game constitute a Nash equilibrium.
Difference between intellectual virtue and moral virtue : Summarize Aristotle's reasoning from book I, chapter 13 for the claims that the best human life consists by cultivating and exercising sets of excellent traits. Explain the difference between intellectual virtue and moral virtue. How can each be ..

Reviews

Write a Review

Financial Accounting Questions & Answers

  How long will the assignment take to be completed

Thank you. Since it is an assignment, I don't how to resubmit as three questions. I am new to Expertsmind. How long will the assignment take to be completed and are the answers guaranteed to be correct? I have already submitted the entire assignme..

  Sherlys shipping had sales last year of 10000 the cosr of

sherlys shipping had sales last year of 10000. the cosr of goods sold was 6500 general and administrative expenses were

  Find rex''s direct materials price variance

Compute the Variance analysis of direct Materials - Find Rex's direct materials price variance

  Prepare a revised operating profit report

The business treats the cost of idle capacity as a period cost and prepare a revised operating profit report and summary of manufacturing activity for the business.

  Journal entries in relation to plant asset

journal entries in relation to plant asset transactions.mahoney company had the following transactions involving plant

  Elucidate why revenue recognition rules were violated

Elucidate why revenue recognition rules were violated based on the facts of the case. How do such violations relate to the standards for legal liability under the securities acts?

  What is total value of sam permanent equity accounts

Year-to-date revenues are $702,498 and year-to-date expenses are $618,207. What is the total value of Sam’s permanent equity accounts as of June 30th?

  Merchandise available for sale and the cost of goods sold

Kinsey Company had the following information: What is the merchandise available for sale and the cost of goods sold?

  Nbspfrom the data prepare journal ledger trial balance

nbspfrom the data prepare journal ledger trial balance financial statements.for the past several years dawn lytle has

  How liquid is heavy-duty tractors

How liquid is Heavy-Duty Tractors?  Support your answer with any ratios that you believe are necessary to justify your conclusion.  Also indicate any other information that you would want to have in making a final determination on its liquidity.

  Unexpired risks in the case of fire insurance in addition

An additional reserve of 10% of the net premium was made for the unexpired risks in the case of fire insurance in addition to the balance brought forward.

  Calculate the difference between cash flow

Calculate the difference between cash flow from operations and net income for each company for 2009 and 2010

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