Piedmont company segments its business into two regions—north and south. the company prepared the contribution format segmented income statement shown below: totalcompany north south sales $ 600,000 $ 400,000 $ 200,000 variable expenses 360,000 280,000 80,000 contribution margin 240,000 120,000 120,000 traceable fixed expenses 132,000 66,000 66,000 segment margin 108,000 $ 54,000 $ 54,000 common fixed expenses 56,000 net operating income $ 52,000 required: 1. compute the companywide break-even point in dollar sales . 2. compute the break-even point in dollar sales for the north region. 3. compute the break-even point in dollar sales for the south region. (round your break-even dollar sales to the nearest whole number.)

Fanning books buys books and magazines directly from publishers and distributes them to grocery stores. the wholesaler expects to purchase the following inventory: april may june required purchases (on account) $ 111,000 $ 131,000 $ 143,000 fanning books accountant prepared the following schedule of cash payments for inventory purchases. fanning books suppliers require that 85 percent of purchases on account be paid in the month of purchase; the remaining 15 percent are paid in the month following the month of purchase. required complete the schedule of cash payments for inventory purchases by filling in the missing amounts. determine the amount of accounts payable the company will report on its pro forma balance sheet at the end of the second quarter.

Demand increases by less than supply increases. as a result, (a) equilibrium price will decline and equilibrium quantity will rise. (b) both equilibrium price and quantity will decline. (c) both equilibrium price and quantity will rise

The retained earnings account has a credit balance of $24,650 before closing entries are made. if total revenues for the period are $77,700, total expenses are $56,900, and dividends are $13,050, what is the ending balance in the retained earnings account after all closing entries are made?