General Instructions: For this case, you will be responsible for answeringproblem 6-28A a – c...

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General Instructions: For this case, you will be responsible for answeringproblem 6-28A a – c (Western Boot Co) on page 286 from the text. Complete and submit the assignment by 23:59 EST Thursday ....

General Instructions:

For this case, you will be responsible for answeringproblem 6-28A a – c (Western Boot Co) on page 286 from the text. Complete and submit the assignment by 23:59 ESTThursday.Connect login(Links to an external site.)can be used to locate the e-book.

Detailed Instructions:

Please use excel for questions a and b and word for question c.

Please provide a header to indicate which assignment you are completing. For example, an appropriate header for your written case would be Module #: Assignment # -- Written Accounting Case – Case Name. Include your name under the header. Number/letter your response to correspond to the specific question you are answering.

You will be graded based on following instructions, critical thinking, well-developed response, clear and concise, and mechanics such as grammar, punctuation, and sentence structure. Please see the enclosed rubric for more details. Save your excel and word documents as Module #: Assignment # – Case Name Your Name. It is acceptable to abbreviate the file name.

Submission Instructions:

NOTE: One submission for this assignment prior to the due date.In the rare event you wish to submit a second time, please email the instructor prior to the due date with the assignment attached.

I expect that you will not be citing any sources. However, if you visit additional sources that you will need to cite and reference. To avoid plagiarism, please be sure to follow APA format and cite the reference, where needed. ThePurdue Owl website(Links to an external site.)contains helpful APA information. If your comments are in your own words, it is not necessary to quote or cite the reference.

To assist you with grammatical concerns, you may find the following link helpful
https://www.englishgrammar.org/(Links to an external site.)

Submit your assignment here by the due date indicated above.Late assignments will not be accepted.You will receive rubric feedback within the next module after the assignment due date.

Rubric

problem-6-28-kh5zsa1p.png

Answered Same DayMay 24, 2022

Prateek · Accepted Answer

Answers:
a. Since the net income from the children’s department is -$8,500, this indicates that the children’s department is not able to generate any income and incurring losses instead. Thus, the children’s department should be eliminated. 
b. The following table shows the consolidated income statement of store including the children’s department:
	Particulars
	Amount
	Sales
	     6,10,000 
	COGS
	     2,65,000 
	Gross Margin
	     3,45,000 
	Department Manager's Salary
	        68,000 
	Sales Commission
	     1,01,000 
	Rent on Store Lease
	        31,500 
	Store Utilities
	          6,000 
	Net Income
	     1,38,500 
	Particulars
	Amount
	Sales
	     5,50,000 
	COGS
	     2,30,000 
	Gross Margin
	     3,20,000 
	Department Manager's Salary
	        56,000 
	Sales Commission
	        92,000 
	Rent on Store Lease
	        21,000 
	Store Utilities
	          4,000 
	Net Income
	     1,47,000 
The following table shows the consolidated income statement of store excluding the children’s department:
Since the net income is $1,47,000 in case the children’s department is eliminated which is higher than the net income in case this department is not eliminated, which is $1,38,500. Thus,

General Instructions: For this case, you will be responsible for answeringproblem 6-28A a – c (Western Boot Co) on page 286 from the text. Complete and submit the assignment by 23:59 EST Thursday ....

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