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

Segmented income statement

25/04/2021 Client: muhammad11 Deadline: 2 Day

Complete Case 6-30 on pages 277-278 of the text, on Segment Reporting. Complete the contribution format segmented income statement for Music Teachers Inc., and give arguments for and against allocating all costs of the association to the four divisions.

Case 6-30

Music Teachers, Inc., is an educational association for music teachers that has 20,000 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's journal, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualify for continuing professional education credit. The association's statement of revenues and expenses for the current year is presented below.
The board of directors of Music Teachers, Inc., has requested that a segmented income statement be prepared showing the contribution of each segment to the association. The association has four segments: Membership Division, Magazine Subscriptions Division, Books and Reports Division, and Continuing Education Division. Mike Doyle has been assigned responsibility for preparing the segmented income statement, and he has gathered the following data prior to its preparation.

a. Membership dues are $100 per year, of which $20 is considered to cover a one-year subscription to the association's journal. Other benefits include membership in the association and chapter affiliation. The portion of the dues covering the magazine subscription ($20) should be assigned to the Magazine Subscription Division.

b.One-year subscriptions to Teachers' Forum were sold to nonmembers and libraries at $30 per subscription. A total of 2,500 of these subscriptions were sold last year. In addition to subscriptions, the magazine generated $100,000 in advertising revenues. The costs per magazine subscription were $7 for printing and paper and $4 for postage and shipping.

c. A total of 28,000 technical reports and professional texts were sold by the Books and Reports Division at an average unit selling price of $25. Average costs per publication were $4 for printing and paper and $2 for postage and shipping.

d.The association offers a variety of continuing education courses to both members and nonmembers. The one-day courses had a tuition cost of $75 each and were attended by 2,400 students. A total of 1,760 students took two-day courses at a tuition cost of $125 for each student. Outside instructors were paid to teach some courses. Salary costs and space occupied by division follow:

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:

Fatimah Syeda
Homework Guru
Assignment Solver
Engineering Exam Guru
Isabella K.
Financial Analyst
Writer Writer Name Offer Chat
Fatimah Syeda

ONLINE

Fatimah Syeda

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$31 Chat With Writer
Homework Guru

ONLINE

Homework Guru

Hello, I an ranked top 10 freelancers in academic and contents writing. I can write and updated your personal statement with great quality and free of plagiarism

$24 Chat With Writer
Assignment Solver

ONLINE

Assignment Solver

Give me a chance, i will do this with my best efforts

$22 Chat With Writer
Engineering Exam Guru

ONLINE

Engineering Exam Guru

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$24 Chat With Writer
Isabella K.

ONLINE

Isabella K.

I am known as Unrivaled Quality, Written to Standard, providing Plagiarism-free woork, and Always on Time

$46 Chat With Writer
Financial Analyst

ONLINE

Financial Analyst

I will cover all the points which you have mentioned in your project details.

$20 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

The benefits, concerns, and challenges of a systems approach offers the practice scholar several ways to view a health problem. Select a practice problem within your unique setting and consider the following. - Best way to remove wallpaper from plaster walls - Communication matters 2nd edition pdf - The media of mass communication by john vivian 12th edition - Brisbane city council end of trip facilities - What is an extended star topology - AC/FI D4 - Advertising 2.0 social media marketing in a web 2.0 world - Which of the following statements about biodegradable polymers is true - Where is the reclassify transactions tool in quickbooks - Tresu chamber doctor blade - V2 u2 2as proof - Mcdonald's corporate social responsibility pdf 2018 - Assume the readings on thermometers are normally distributed - Finding your worldview thinking christianly about the world - Athlean x ultimate arms pdf - Helpkidzlearn five little monkeys - Strategic group map restaurant industry - Creative Solutions - Chem 110 psu final exam - American Government - English Assignment - Purchased merchandise from boden company for $6 000 - Boolean expression practice problems - 4 year old shoe size australia - Forensic accounting interview techniques - Ethics of environmental health profession - Student success course syllabus - Financial reporting problem part 2 - Descriptive essay - Apa referencing uq library - California History - Colin briggs nhs lothian - Polished blinding light of destiny - Business Finance - Global smartphone market share 2015 - Taeass403 participate in assessment validation - Brand Management- Essay question - Whitney simmons workout plan pdf - Role-Play Assignment: Introductions - Homework (Q acct) - Week 3 Discussion Board - Business Analysis - Extreme switch console settings - Amanda verizon - 2.10 unit test - Keda's sap implementation case - Journal 4 - In malachi, god denounces his people by raising the question of - Unt early childhood education - Bpr in erp implementation - Healthcare Finance - Physical Security - Week 5 forum 1 Melanie - Qp 2307 metal detector - Recognizing Sources of Innovation Opportunity - Mds market data systems - Troy cook jr lazy american dream - Use autofill to copy the formula and formatting - Air force cadets uniform - Any old bag speech ideas - Snhu acc 202 milestone 1 - David lachapelle most famous work - Patton fuller community hospital networking project - Psychology thesis statement examples - Product focus strategy in operations management - Martindale rub test scale - Research paper scaffold worksheet - Principles of software engineering management - Commedia dell arte features - Legal environment - Marketing - What is kud in education - I need 900 words on Instructions Evaluate Assigning and Licensing Of a Patent - Water potential and osmosis worksheet answers - How many yards is 15 miles - Prepare chiara company's balance sheet as of december 31 - Electric blanket safety bed wetting - Dreaming of werewolf attack - Knewton alta math answers - Week 8 Response to feedback - Will all great neptune's ocean wash this blood - 10 column worksheet example problems pdf - How to build la caja china - Group properties roles norms status size cohesiveness and diversity - 1-5 rating scale excellent to poor - Adf gap year jobs - Analyzing moral issues 6th edition pdf - Joseph catrucco - Intellicare accredited hospitals in makati - Write on this paper - Value chain analysis for mcdonald's - Components of fitness coordination - Conductometric titration pre lab answers - Advanced Ergonomics - Rules for handball at school - Non controversial speech topics - Average cost per resident per day formula - Self theory and self in teaching and learning - Company g 1 year marketing plan