Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

Essay

02/10/2020 Client: accounting123 Deadline: 3 days

Preparation of an Income Statement for The Serious Reader Company


The first case of this course provides an opportunity to prepare a segmented variable costing (contribution margin, behavioral) income statement and analyze the information. This is a very small company and the information may seem simplistic at first glance. Don’t forget that numbers and hands-on practice best illustrate many basic accounting concepts.


The Serious Reader Company is a small online retailer operating out of a garage apartment. The owner buys books at garage sales, thrift shops, library sales, and whenever an opportunity arises. The company classifies all books into five categories based on cost of acquisition and estimated sales price. See below for details about books purchased and sold during the last year (20XX).


Price CategoriesABCDEUnits Sold4,0001,000500400400Unites Purchased6,0001,2001,0001,0001,000Resale Price$4.00$12.00$20.00$45.00$60.00Cost$0.50$4.00$10.00$20.00$20.00


In addition to purchasing inventory (used books), the company incurs some operating expenses. 


Variable Operating Expenses  Shipping per book$1.50Common fixed expenses  Internet-related costs$10,000  Travel, etc.$4,000  Advertising$1,000  Other overhead$5,000


Case Assignment


Required:


Computations (use Excel)



  • Prepare a segmented variable costing (behavioral) income statement for the company in good format.

  • Prepare a second variable costing statement assuming 90% of all the books in each category purchased were actually sold.

  • Prepare a third variable costing statement assuming that the price is increased by 50% for all five categories (use original sales information).

  • The owner enjoys the used-book business. Any suggestions as how to turn this into a full-time business venture so the owner can quit his other job? Prepare another income statement to support your idea.


Memo (use Word)


Interpret the results from the computations and explain how the information is useful. Write a 4- or 5-paragraph memo to the owner of the business. Start with an introduction and end with a recommendation. Each of the four or five paragraphs should have a heading.


Short essay to comment on the questions below (use Word). Start with an introduction and end with a summary or conclusion. Use headings. Maximum length of two pages.



  • Why do many organizations make the effort to prepare a different type of income statement for internal purposes?

  • Variable costing is not just about preparing income statements. Provide at least three scenarios in which understanding how costs behave is useful.


Assignment Expectations


Each submission should include two files: (1) An Excel file; and (2) A Word document. The Word document shows the  memo first and short essay last. Assume a  knowledgeable business audience and use required format and length. Individuals in business are busy and want information presented in an organized and concise manner.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

Instant Assignments
Solution Provider
High Quality Assignments
Financial Hub
Top Grade Tutor
Study Master
Writer Writer Name Offer Chat
Instant Assignments

ONLINE

Instant Assignments

Good day dear client, I am a full-time freelance writer with years of experience. My strongest strengths are strong dedication to duty, reliability, quality and excellence. I am going to do an outstanding job for you, kindly PM me and let us commence. Thank you so much in anticipation of your positive response. Thank you very much.

$70 Chat With Writer
Solution Provider

ONLINE

Solution Provider

I am an experienced writer who will be able to create the quality articles/blogs that you require for your website. My work is compelling enough that I am immediately able to engage the interest of the reader. I do not need much in the way of assistance; all you have to do is give me a title or topic. I include embedded hyperlinks as a standard feature in all my articles/blogs. I can also use SEO keywords if provided without any extra cost. No matter what the topic is, your articles/blogs will be entertaining and immensely readable. I take immense pride in my professionalism and ghost-writing technique. Thank you,

$70 Chat With Writer
High Quality Assignments

ONLINE

High Quality Assignments

With an extensive experience of over 10 years of writing and editing, I promise to meet or exceed your expectations. The days of automated, copied, plagiarized, and unethically optimized content are long gone. Today, you need engaging, well-researched, and optimized content that serves your SEO purpose and boosts your website ranking in the search engines. Not only this, you need EXCELLENT content that leaves a lasting impression on prospective customers and gives you an edge over the competition. This is exactly what I do.

$70 Chat With Writer
Financial Hub

ONLINE

Financial Hub

Hey, I have gone through your job posting and become very much interested in working with you.I can deliver professional content as per your requirements. I am a multi-skilled person with sound proficiency in the English language for being a native writer who worked on several similar projects of content writing and can deliver quality content to tight deadlines. I am available for both online and offline writing jobs with the promise of offering an incredibly responsive and supreme level of customer service. Thanks!

$70 Chat With Writer
Top Grade Tutor

ONLINE

Top Grade Tutor

I am highly qualified expert, working from 2008-9 in this industry. I have all relevant skills and expertise related to your project. To ensure my potential must visit my profile to check my ratings and uploaded samples. Thanks :--)

$55 Chat With Writer
Study Master

ONLINE

Study Master

I can manage this work as per your requirements. Lets discuss on chat about more details. I am an MBA writer with 5 years of experience and can deliver quality content even too Short Deadlines. I can write 3000 to 4000 words in a day. I will deliver A+ quality work without Plagiarism at less price and time. Lets discuss more over the chat. Thanks

$50 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Discussion - Gorongosa wild cam - Zam zams menu elland - Honey and mumford learning styles - Critical analysis of everyday use by alice walker - A christmas carol questions and answers - Discussion - Aglc referencing microsoft word - Chapter 6 assignment - The capulets and the montagues - Algebra properties worksheet 1 27 answers - Spacegass - How does an spd work - Table 1 galaxies to be classified answers - Prepare a bank reconciliation at july 31 2014 - The practice of statistics answer key - Project Proposal - Http sffed education org chairman - Case Study: Mr. M. - Critical thinking moore parker 12th edition - Nc rules for writers launchpad custom - Finding molar mass worksheet - Nhs tayside remote access - Assistant principal salary nsw - What is the spring constant of the silk thread - World of warcraft subscribers 2018 - Www bakertilly co uk - Excel module 2 sam project a - Roth contractors corporation income statement - Week 4 Assignment Research of Educational Change - Aarhus university ranking qs - Cotton tree pool aqua aerobics - How to measure heart rate of daphnia - Acids and bases webquest - Ernst and young foundation case studies solutions - Management and innovation - Chemistry - Ecology of a cracker childhood summary - LAW 4 - Herbalife marketing plan pdf - What are supply chain drivers - Globe framework for assessing cultures - The brief bedford reader 14th edition - Import revit model into revit - Identify two cultures and analyze the nurturing process within each culture - Sherry turkle no need to call pdf - This is me passport - 2 PAGES ESSAY - Organizational buyer - How to find halfway between two decimal numbers - Macbeth prince of cumberland - Big data - Geometry two column proofs worksheet - A1 - Ahima vlab academy - Sales and distribution sd case study - Ministry of Health’s (MOH) vision and strategy to improve healthcare quality - Expository essay outline template - How to find scalar projection - Which of these is an example of verbal irony - Five elements of management - PICOT question paper - Maxwell distribution of molecular velocities ppt - Ib command terms history - X2 DISCUSSION QUESTIONS (200 WORDS, 1 CURRENT SOURCE) APA - What is the cause of fatigue for the alactacid system - The case for short words richard lederer - Superposition theorem experiment pdf - Maese industries inc has warrants outstanding - Cmgt 545 prooo max - Psychotherapy With group - Reed smith graduate recruitment team - Importance of ethics and values in social work - Great alne primary school - Block Chain Development final paper - Graduate Education Assistance - Casio calculator change fraction to decimal - Blood arriving at the right atrium is de-oxygenated. - Experiment 1 neutralization of acids and bases data tables - DR SAM 0609702423 ABORTION CLINIC IN SOSHANGUVE - Before you quit your job pdf - Bmj open instructions for authors - Write ACCIDENT PREVENTION RECOMMENDATIONS for each case - Jc cueva teen mom 2 - Alignment of HRM and Business Strategies - Asian cultural traditions heinz pdf - Devry coll 148 - Heat of combustion worksheet answers - Research paper - Origins of the universe aboriginal dreaming - Stage front crossword clue - Dd wrt ssh server unexpectedly closed network connection - Social media platforms and your career hum 186 - List of quarries in new zealand - Cycles of apostasy repentance and deliverance - Different southern american accents - Francois truffaut auteur theory essay - The global community bank under terms - Week 2 Discussion - Hilton seskin net worth