14-09Ex_5e

14-09Ex_5e - Accounts receivable collection expense...

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Exercise 14-9 Name: Section: Score: 0% Answers are entered in the cells with gray backgrounds. Cells with non-gray backgrounds are protected and cannot be edited. A red asterisk (*) will appear in the row immediately to the right of an incorrect answer. X-OUT SPORTING GOODS CO. Divisional Income Statements For the Year Ended June 30, 2010 Sales Cost of goods sold Gross profit Divisional selling expense Divisional administrative expense Income from operations before service department charges Less service department charges: Advertising expense Transportation expense
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Unformatted text preview: Accounts receivable collection expense Warehouse expense Total Income from operations Service Department Charges Advertising expense Transportation rate per bill of lading Number of bills of lading x x Transportation expense Accounts receivable collection rate Number of sales invoices x x Accounts receivable collection expense Instructions Action Sports Division Team Sports Division Action Sports Division Team Sports Division Warehouse rate per square foot Number of square feet x x Warehouse expense Total...
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This note was uploaded on 05/02/2011 for the course ACC 121 taught by Professor Thomas during the Spring '08 term at Baker MI.

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14-09Ex_5e - Accounts receivable collection expense...

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