XYZ Company has net income of $240,000 on sales of $3,200,000. If the investment is $1,600,000,...
XYZ Company has net income of $240,000 on sales of $3,200,000. If the investment is $1,600,000, the return on sales is
| a. |
15% |
|
| b. |
7.5% |
|
| c. |
$10 |
|
| d. |
2 |
An appropriate evaluation method of cost center is
| 1. |
Variable analysis |
|
| 2. |
Return on investment (ROI) |
|
| 3. |
Return on assets (ROA) |
|
| 4. |
Both return on assets (ROA) and return on investment (ROI). |
Homework Answers
| 1) | b. | 7.5% | ||
| Working: | ||||
| Return on sales | = | Net Income | / | Sales |
| = | $ 2,40,000.00 | / | $ 32,00,000.00 | |
| = | 7.5% |
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XYZ Company has net income of $240,000 on sales of $3,200,000.
If the investment is $1,600,000,...
An appropriate evaluation method of cost center is 1. Variable analysis 2. Return on investment (ROI)...
An appropriate evaluation method of cost center is 1. Variable analysis 2. Return on investment (ROI) 3. Return on assets (ROA) 4. Both return on assets (ROA) and return on investment (ROI).
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Westerville Company reported the following results from last year’s operations: Sales $ 1,200,000 Variable expenses 320,000...
Westerville Company reported the following results from last year’s operations: Sales $ 1,200,000 Variable expenses 320,000 Contribution margin 880,000 Fixed expenses 640,000 Net operating income $ 240,000 Average operating assets $ 600,000 At the beginning of this year, the company has a $150,000 investment opportunity with the following cost and revenue characteristics: Sales $ 240,000 Contribution margin ratio 50 % of sales Fixed expenses $ 84,000 The company’s minimum required rate of return is 15%. 10-a. If Westerville’s chief executive...
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Violet Company has sales of $454,000, net operating income of $255,000, average invested assets of $800,000,...
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