Homework Answers
|
Amount of change (in millions) (recent year -prior year) |
% of change | increase or decrease | |
| Revenue | 499488-473000=26488 | 26488/472000=.056 or 5.6% | increase |
| Operating expense | 421296-402000=19296 | 19296/402000=.048 or 4.8‰ | increase |
| Operating income | 78192-71000=7192 | 7192/71000= .101 or 10.1% | Increase |
B)
During the recent year, revenue has increased and operating expense has increased.
As a Result ,operating income has increased. The increasing trend from the prior year.
Add Answer to:
4998 472.000 Operating income 1 000 Opersting inceme Amount of Change
Roberts Logistics provides the following information: Operating income $ 1 comma 600 comma 000 Net sales...
Roberts Logistics provides the following information: Operating income $ 1 comma 600 comma 000 Net sales $ 13 comma 500 comma 000 Average total assets $ 1 comma 850 comma 000 Management's target rate of return 30% What is the company's asset turnover ratio? (Round your answer to two decimal places.) A. 3.913.91 B. 7.307.30 C. 12.0512.05 D. 4.55
Exercise 4-1 (Algo) Operating versus nonoperating income [LO4-1] Pandora Corporation operates several factories In the Midwest...
Exercise 4-1 (Algo) Operating versus nonoperating income [LO4-1] Pandora Corporation operates several factories In the Midwest that manufacture consumer electronics. The December 31, 2021, year- end trial balance contained the following income statement items Credits Debits Account Tiele $13.200,000 5१,000 Salen xevenae Interest revenue Lonn on ale of investment 107.000 6,270,000 627,000 1,590,000 Cost of goeds neld Sell ing expenser General and administrative expenses Interert expense Research and 4evel opasene expenre Inceme tax expense 47,000 1,270,000 907,000 Required: Calculate the...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24,...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24, 000) (78, 000) Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs $(84, 000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase its revenue to $324,000 by raising its prices. Determine the amount of the increase...
Estimated change in net operating income
Last month when Holiday Creations, Inc., sold 50,000 units, total sales were $200,000, total variable expenses were $120,000, and fixed expenses were $65,000.Estimate the change in the company's net operating income if it were to increase its total sales by $1,000
An insurance company wishes to examine the relationship between income (in $,000) and the amount of...
An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance in $,000) held by families. The company drew a simple random sample of families and obtained the following results: Family Income Amount of life insurance A 40 110 B 80200 110 220 C lewO ILI What is the least squares estimate of the slope? Answer should be to four decimal places e.g. 1.2345. Please do NOT include any units in your answer....
Assignment Exercise 18–3: Target Operating Income Acme Medical Supply Company desires a target operating income amount...
Assignment Exercise 18–3: Target Operating Income Acme Medical Supply Company desires a target operating income amount of $100,000, with assumption inputs as follows: Desired (target) operating income amount = $100,000 Unit price for sales = $80 Variable cost per unit = $60 Total fixed cost = $60,000 Compute the required revenue to achieve the target operating income and compute a contribution income statement to prove the totals.
U S Steal has the following income statement data Units Foxed Total Total Income 20 000...
U S Steal has the following income statement data Units Foxed Total Total Income 20 000 60 00020,00080,000 40,000120,000 5 160,000 320,000 5 80,000 180,000 0,000 140,000 The top row of the table has the beginning values and the bottom row of the table has the ending values a. Compute the degree of operating leverage (OOL) based on the formusta below (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Percent change in operating unts s...
Residual Income The operating income and the amount of invested assets in each division of Conley...
Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $84,000 $400,000 Commercial Division 112,100 590,000 Internet Division 215,800 830,000 Assume that management has established a 10% minimum acceptable return for invested assets. a. Determine the residual income for each division. Retail Division Commercial Division Internet Division Operating income $84,000 $112,100 $215,800 Minimum acceptable operating income as a percent of invested assets Residual income...
Residual Income The operating income and the amount of invested assets in each division of Conley...
Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $77,400 $430,000 630,000 Commercial Division 126,000 Internet Division 173,800 790,000 Assume that management has established a 8% minimum acceptable return for invested assets. a. Determine the residual income for each division Retail Division Commercial Division Internet Division Operating income $77,400 $126,000 $173,800 Minimum acceptable operating income as a percent of invested assets Residual income...
ABC Inc. has the following information available for one of its divisions: Average operating assets $5 000...
ABC Inc. has the following information available for one of its divisions: Average operating assets $5 000 000 Return on investment (ROI) 55% Sales $8 000 000 If ABC requires a minimum return on its investments of 30 per cent, what is their residual income? $900 000 $3 000 000 $1 500 000 $1 250 000
Exercise 4-1 (Algo) Operating versus nonoperating income [LO4-1] Pandora Corporation operates several factories In the Midwest that manufacture consumer electronics. The December 31, 2021, year- end trial balance contained the following income statement items Credits Debits Account Tiele $13.200,000 5१,000 Salen xevenae Interest revenue Lonn on ale of investment 107.000 6,270,000 627,000 1,590,000 Cost of goeds neld Sell ing expenser General and administrative expenses Interert expense Research and 4evel opasene expenre Inceme tax expense 47,000 1,270,000 907,000 Required: Calculate the...
West Division Income Statement for Year3 $ 300, 000 (210, 000) (30, 000) (42, 000) (24, 000) (78, 000) Revenue Salaries for drivers Fuel expenses Insurance Division-level facility-sustaining costs Companywide facility-sustaining costs $(84, 000) Net loss Required a. By how much would companywide income increase or decrease if West Division is eliminated? Should West Division be eliminated? b. Assume that West Division is able to increase its revenue to $324,000 by raising its prices. Determine the amount of the increase...
An insurance company wishes to examine the relationship between income (in $,000) and the amount of life insurance in $,000) held by families. The company drew a simple random sample of families and obtained the following results: Family Income Amount of life insurance A 40 110 B 80200 110 220 C lewO ILI What is the least squares estimate of the slope? Answer should be to four decimal places e.g. 1.2345. Please do NOT include any units in your answer....
U S Steal has the following income statement data Units Foxed Total Total Income 20 000 60 00020,00080,000 40,000120,000 5 160,000 320,000 5 80,000 180,000 0,000 140,000 The top row of the table has the beginning values and the bottom row of the table has the ending values a. Compute the degree of operating leverage (OOL) based on the formusta below (Do not round intermediate calculations. Round your final answer to 2 decimal places.) Percent change in operating unts s...
Residual Income The operating income and the amount of invested assets in each division of Conley Industries are as follows: Operating income Invested Assets Retail Division $77,400 $430,000 630,000 Commercial Division 126,000 Internet Division 173,800 790,000 Assume that management has established a 8% minimum acceptable return for invested assets. a. Determine the residual income for each division Retail Division Commercial Division Internet Division Operating income $77,400 $126,000 $173,800 Minimum acceptable operating income as a percent of invested assets Residual income...
Most questions answered within 3 hours.
-
S sells property with a $500 basis to B for $450, and B later
sells the...
asked 30 minutes ago -
On January 1, 20X7, Green Corp. paid $1,020,000 to acquire Wax
Co. Wax maintained separate incorporation....
asked 31 minutes ago -
C++
Write a class Fraction that defines adding, subtracting,
multiplying, and dividing fractions by overloading standard...
asked 1 hour ago -
This java code won't run and I can't figure out the problem with
it. Please help...
asked 2 hours ago -
Trace the following recursive methods:
a) isPal with the string “abccda”
b) isAnBn with the string...
asked 3 hours ago -
1. Which of the following is false about photosynthesis?
A. ATP is the molecule used to...
asked 4 hours ago -
A simple random sample of size n=64 is obtained from a
population with a mean of...
asked 5 hours ago -
(2 dimensions, 1 object, 2 accelerations)
1) A projectile is thrown with a wind. The wind...
asked 6 hours ago -
Brian makes $34,100 per year. How much can Brian expect to
contribute to FICA taxes in...
asked 7 hours ago -
To buy a new house you must borrow $155,000. To do this you take
out a...
asked 7 hours ago -
Spacely Sprockets is evaluating the construction of a new plant
on land the company purchased for...
asked 8 hours ago -
1. Consider a linear regression model of y on K regressors and
an intercept.
(i) Describe...
asked 8 hours ago