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Jordan Company operates three segments. Income statements for the segments imply that profitability could be improved if Segment A were eliminated. JORDAN COMPANY Income Statements for the Year 2018
Segment
A
B
C
Sales
Cost of goods sold
Sales commissions
Contribution margin
General fixed operating expenses (allocation of president's salary)
Advertising expense (specific to individual divisions)
Net income
$ 166,000
(121,000)
(15,000)
$253,000 (79,000) (27,000)
$247,000
(82,000)
(25,000)
30,000
(41,000)
(6,000)
147,000 (39,000) (10,000)
140,000
(30,000)
0
$ (17,000)
$ 98,000
$110,000
Required
Question 1: a schedule of relevant sales and costs for Segment A.
Question 2: Prepare comparative income statements for the company as a whole under two alternatives: (1) the retention of Segment A and (2) the elimination of Segment A.
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