Everett Tool Company Has Two Retail Stores, One in Dallas

question 23

Essay

Everett Tool Company has two retail stores, one in Dallas and the other in Sand Creek. The Dallas store had sales of $200,000, a contribution margin of 35 percent, and a segment margin of $28,000. The company's two stores have total sales of $500,000, an average contribution margin of 32 percent, and a total segment margin of $62,000.
Required:
Prepare a segmented income statement for Everett.

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Definitions:

Pancreas

An organ in the abdominal cavity that plays a crucial role in digestion and the regulation of blood sugar by producing enzymes and hormones like insulin.

Genetic Characteristics

Inherited traits determined by an individual's DNA, influencing various aspects of their physical appearance, health, and behavior.

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The transmission of genetic characteristics from parents to offspring, influencing various traits and predispositions.

Adoptive Parents

Individuals who become parents through the legal process of adopting a child.