please dont provide answer in an image format thank you Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5)Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for theyear just ended follow.Service revenueVariable expensesControllable fixed expensesFixed expenses controllable by othersSegment contribution marginMetro Suburban$970,000 $770,000154,000 104,000356,000 276,000184,000 154,000In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is$255,000.Outlying$370,000Required:1. Prepare a segmented Income statement for Countywide Cable Services, Inc.Profit margin controllable by segment manager54,000106,00044,000Profit margin traceable to segmentSEGMENTED INCOME STATEMENTS: COUNTYWIDE CABLE SERVICES, INC.CountywideCable ServicesMetroSegments of CompanySuburban Outlying

Answer:- Income statement:- An income statement is one of the most important part of the financial…

Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154,000 Metro Suburban Outlying $770,000 $370,000 104,000 54,000 276,000 106,000 44,000 356,000 184,000 154,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000.

Exercise 12-32 Segmented Income Statement; TV Cable Company (LO 12-5) Countywide Cable Services, Inc., is organized with three segments: Metro, Suburban, and Outlying. Data for these segments for the year just ended follow. Service revenue variable expenses Controllable fixed expenses Fixed expenses controllable by others $970,000 154,000 Metro Suburban Outlying $770,000 $370,000 104,000 54,000 276,000 106,000 44,000 356,000 184,000 154,000 In addition to the expenses listed above, the company has $55,000 of common fixed expenses. Income-tax expense for the year is $255,000.

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter14: Decentralized Operations

Section: Chapter Questions

Problem 14.4.2P

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Required information The Foundational 15 (Algo) [LO11-1, LO11-2] Skip to question [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year’s operations: Sales $ 1,400,000 Variable expenses 510,000 Contribution margin 890,000 Fixed expenses 610,000 Net operating income $ 280,000 Average operating assets $ 875,000 At the beginning of this year, the company has a $175,000 investment opportunity with the following cost and revenue characteristics: Sales $ 280,000 Contribution margin ratio 50 % of sales Fixed expenses $ 98,000 The company’s minimum required rate of return is 15%. Foundational 11-5 (Algo) 5. What is the turnover related to this year’s investment opportunity? (Round your answer to 1 decimal place.)
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Required information The Foundational 15 (Static) [LO10-1, LO10-2] Skip to question [The following information applies to the questions displayed below.] Westerville Company reported the following results from last year’s operations: Sales $ 1,000,000 Variable expenses 300,000 Contribution margin 700,000 Fixed expenses 500,000 Net operating income $ 200,000 Average operating assets $ 625,000 At the beginning of this year, the company has a $120,000 investment opportunity with the following cost and revenue characteristics: Sales $ 200,000 Contribution margin ratio 60 % of sales Fixed expenses $ 90,000 The company’s minimum required rate of return is 15%. Foundational 10-1 (Static) Required: 1. What is last year’s margin?
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