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Carter Company reported the following financial numbers for one of its divisions for the year average...
Holo Company reported the following financial numbers for one of its divisions for the year; average...
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,200,000; sales of $6,575,000; cost of goods sold of $3,625,000; and operating expenses of $1,307,000. Compute the division's return on investment: rev: 12_09_2017_QC_CS-112007 Multiple Choice 24.99%. 19.9% 26.5%. 19.6%. 23.9%.
8. Yoho Company reported the following financial numbers for one of its divisions for the year;...
8. Yoho Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,303,500. Assume a target income of 12% of average invested assets. Compute residual income for the division: A A. $196,750. B. $150,500. C. $150,450. D. $133,000. E. $100,300.
Kragle Corporation reported the following financial data for one of its divisions for the year, average...
Kragle Corporation reported the following financial data for one of its divisions for the year, average invested assets of $495,000; sales of $1,005,000; and income of $115,000. The investment turnove is Multiple Choice 21.10 49.30 2.03 430.40 11.40.
Kragle Corporation reported the following financial data for one of its divisions for the year; average...
Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $490,000; sales of $950,000; and income of $108,300. The investment center profit margin is: Multiple Choice 22.1%. 51.6%. 193.9%. 452.4%. 11.4%.
Kragle Corporation reported the following financial data for one of its divisions for the year; average...
Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $500,000; sales of $960,000; and income of $110,400. The investment center profit margin is:
Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the...
Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROls. Operating results for the company's Office Products Division for this year are given below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Divisional average operating assets $ 21,200,000 13,405,600 7,794,400 5,950,000 $ 1,844,400 $ 4,240,000 The company had an overall return on investment (ROI) of 19.00%...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division Consolidated monitors its divisions on the basis of both unit contribution and return on investment (ROI), with investment defined as average operating assets employed. All investments in operating assets are expected to earn a minimum return of 12% before income taxes Relgis's cost of goods sold is considered to be entirely variable, however, its administrative expenses do not depend on volume Selling expenses...
Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of...
Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.76 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue $ 342,000 $ 238,000 $ 306,000 Cost of goods sold 205,000 113,000 182,000 Miscellaneous operating expenses 44,000 31,000 37,000 Average invested assets 1,350,000 940,000 1,025,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division.
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division Consolidated monitors its divisions on the basis of both unit contribution and return on investment (RON, with investment defined as average operating assets employed. All investments in operating assets are expected to eam a minimum return of 13% before income taxes. Reigis's cost of goods sold is considered to be entirely variable, however, its administrative expenses do not depend on volume Selling expenses...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division. Consolidated monitors its divisions on the basis of both unit contribution and return on investment (ROI), with investment defined as average operating assets employed. All investments in operating assets are expected to earn a minimum return of 10% before income taxes. Reigis's cost of goods sold is considered to be entirely variable; however, its administrative expenses do not depend on volume. Selling expenses...
8. Yoho Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,303,500. Assume a target income of 12% of average invested assets. Compute residual income for the division: A A. $196,750. B. $150,500. C. $150,450. D. $133,000. E. $100,300.
Kragle Corporation reported the following financial data for one of its divisions for the year, average invested assets of $495,000; sales of $1,005,000; and income of $115,000. The investment turnove is Multiple Choice 21.10 49.30 2.03 430.40 11.40.
Billings Company is a decentralized wholesaler with five autonomous divisions. The divisions are evaluated on the basis of ROI, with year-end bonuses given to the divisional managers who have the highest ROls. Operating results for the company's Office Products Division for this year are given below: Sales Variable expenses Contribution margin Fixed expenses Net operating income Divisional average operating assets $ 21,200,000 13,405,600 7,794,400 5,950,000 $ 1,844,400 $ 4,240,000 The company had an overall return on investment (ROI) of 19.00%...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division Consolidated monitors its divisions on the basis of both unit contribution and return on investment (ROI), with investment defined as average operating assets employed. All investments in operating assets are expected to earn a minimum return of 12% before income taxes Relgis's cost of goods sold is considered to be entirely variable, however, its administrative expenses do not depend on volume Selling expenses...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division Consolidated monitors its divisions on the basis of both unit contribution and return on investment (RON, with investment defined as average operating assets employed. All investments in operating assets are expected to eam a minimum return of 13% before income taxes. Reigis's cost of goods sold is considered to be entirely variable, however, its administrative expenses do not depend on volume Selling expenses...
Consolidated Industries is a diversified manufacturer with business units organized as divisions, including the Reigis Steel Division. Consolidated monitors its divisions on the basis of both unit contribution and return on investment (ROI), with investment defined as average operating assets employed. All investments in operating assets are expected to earn a minimum return of 10% before income taxes. Reigis's cost of goods sold is considered to be entirely variable; however, its administrative expenses do not depend on volume. Selling expenses...
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