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ACC 650 MODULE 6 HOMEWORK 6

ACC 650 MODULE 6 HOMEWORK 6

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Exercise 12-33 Segmented Income Statement; TV Cable Company
Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying.
Data for these segments for the year just ended follow.
 
                                                                               Metro            Suburban     Outlying
Service revenue .................................................$1,000,000      $800,000          400,000
Variable expenses ................    200,000       150,000          100,000
Controllable fixed expenses ................................. 400,000        320,000          150,000
Fixed expenses controllable by others .................. 230,000         200,000           90,000
In addition to the expenses listed above, the company has $95,000 of common fixed expenses.
Income-tax expense for the year is $145,000.
 
Required:
1. Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution format.
Exercise 13-27 Calculate Weighted-Average Cost of Capital for EVA


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