Net Operating Income Assignment | Top Universities

Net Operating Income Assignment | Top Universities

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales 1,574,000 676,920 Variable expenses Contribution margin Fixed expenses 897,080 987,000 (89,920)

Net operating income (loss) princess Polly white dress Google Search In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $384,000 $640,000 $550,000 Variable expenses as a percentage of sales Traceable fixed expenses 588 288 508 $252,000 $338,000 $194,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 15%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. Would you recommend the increased advertising? We were unable to transcribe this image complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 1 The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by net operating income increase (decrease) if the proposal is implemented? (Do not round intermediate calculations.) the company's %. Assuming these estimates are accurate, how much Net operating income will by Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B
Would you recommend the increased advertising? Yes No Get Accounting homework help today
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He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Net Operating Income Assignment | Top Universities

 

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Net Operating Income Assignment | Top Universities

Wingate Company, a wholesale distributor of electronic equipment, has been experiencing losses for some time, as shown by its most recent monthly contribution format income statement: Sales 1,574,000 676,920 Variable expenses Contribution margin Fixed expenses 897,080 987,000 (89,920)

Net operating income (loss) princess Polly white dress Google Search In an effort to resolve the problem, the company would like to prepare an income statement segmented by division. Accordingly, the Accounting Department has developed the following information: Division East Central West Sales $384,000 $640,000 $550,000 Variable expenses as a percentage of sales Traceable fixed expenses 588 288 508 $252,000 $338,000 $194,000 Required: 1. Prepare a contribution format income statement segmented by divisions. 2-a. The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by 15%. Assuming these estimates are accurate, how much would the company's net operating income increase (decrease) if the proposal is implemented? 2-b. Would you recommend the increased advertising? We were unable to transcribe this image complete this question by entering your answers in the tabs below. Req 2A Req 2B Req 1 The Marketing Department has proposed increasing the West Division's monthly advertising by $28,000 based on the belief that it would increase that division's sales by net operating income increase (decrease) if the proposal is implemented? (Do not round intermediate calculations.) the company's %. Assuming these estimates are accurate, how much Net operating income will by Complete this question by entering your answers in the tabs below. Req 1 Req 2A Req 2B
Would you recommend the increased advertising? Yes No Get Accounting homework help today
TOP ACADEMIC WRITER
He has decades of experience in the education field and has served in the examination boards of some of the top Universities within & outside the United States America.

Net Operating Income Assignment | Top Universities