# LESSON 4-4

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## LESSON 4-4

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1. LESSON 4-4 Responsibility Statements for a Merchandising Business

2. 1 2 4 DEPARTMENTAL MARGIN STATEMENT—AUDIO page 111 1. Determine net sales for department. 2. Determine cost of merchandise sold for department. 3. Calculate gross profit. 4. Record direct expenses of the department. 3 5. Calculate the departmental margin. 5 LESSON 4-4

3. Departmental Margin Net Sales Component Percentage for Departmental Margin ÷ = \$49,222.61 ÷ \$344,476.46 = 14.3% Departmental Margin 14.3% 13.4% 13.1% COMPONENT PERCENTAGES ON DEPARTMENTAL MARGIN STATEMENTS page 112 Component Percentages 20X3 20X2 20X1 LESSON 4-4

4. 1 2 4 DEPARTMENTAL MARGIN STATEMENT—VIDEO page 113 1. Determine net sales for department. 2. Determine cost of merchandise sold for department. 3. Calculate gross profit. 4. Record direct expenses of the department. 3 5. Calculate the departmental margin. 5 LESSON 4-4

5. 2-6 7 8 INCOME STATEMENT WITH DEPARTMENTAL MARGIN page 114 1. Prepare the heading. 1 2-6. Use information from the departmental margin statements. 7. Use information from the Income Statement columns of the work sheet. 8. Complete the income statement. 9. Calculate component percentages. 9 LESSON 4-4

6. STATEMENT OF STOCKHOLDERS’ EQUITY page 115 LESSON 4-4

7. BALANCE SHEET page 116 LESSON 4-4

8. BALANCE SHEET page 116 LESSON 4-4

9. TERMS REVIEW page 117 • responsibility statements • income statement • statement of stockholders’ equity • capital stock • retained earnings • dividends • balance sheet LESSON 4-4