Oriole Company reported operating data for its Sandtrap division for the year. Oriole requires its return to be 9%. Sales $1700000 Controllable margin 260000 Total average assets 1300000 Fixed costs 60000 How much is ROI for the year? O 5% O 15% O 20%
Q: 68 Book Value of these assets stands at $17.5 million Required: Assess and calculate the impairment…
A: Impairment loss refers to a permanent decrease in the market value of an asset due to changes in…
Q: All Omar opened a yard care business, Omar's Yard Care, on March 31, 2023. The following activities…
A: The assets are equal to the sum of the liabilities and equity, as per the accounting equation.Assets…
Q: P18-3 (Recognition of Profit and Entries on Long-Term Contract) On March 1, 2010, Chance Company…
A: The amount of gross profit in contract process is recognised on the basis of percentage of work…
Q: I'm preparing some examples for our next board meeting to illustrate how important it is to…
A: Excess Inventory Value = $13,956,000This value represents the cost of the inventory that Andrews…
Q: Summit Company has provided the following inventory balances and manufacturing cost data for the…
A: Overapplied overhead occurs when a company's actual overhead costs are less than the overhead costs…
Q: Vernon Manufacturing Company established the following standard price and cost data $9.00 per unit $…
A: Flexible BudgetA flexible budget is a financial instrument that allows businesses and organisations…
Q: MullerB Company's employees earn vacation time at the rate of 1 hour per 40-hour work period. The…
A: As per dual concept of accounting, every transaction has dual impact on the books of…
Q: 3. You are selling necklaces on Amazon for $23.99 and your gross margin is 53%. Amazon will let you…
A: Return on Investment (ROI) is a financial metric that evaluates the profitability of an investment…
Q: 1. How much profit, inclusive of interest revenue, should Black Company report from this lease for…
A: Lease accounting refers to the process of recording and reporting financial transactions related to…
Q: The condensed budgeted income statement for the Kimberly and Matthew partnership for 2022 is as…
A: CVP income statement is an internal report that is used by managers to make better decisions.…
Q: On January 1, Hurley Corporation issues $500,000, 5- year, 12% bonds at 96 with interest payable on…
A: The bonds are the financial instruments that are issued to raise the money from the market or…
Q: Sheridan Corporation issued a 4-year, $83,000, zero-interest-bearing note to Brown Company on…
A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: Futura Company purchases the 40,000 starters that it installs in its standard line of farm per unit.…
A: In making a Make or Buy decision, relevant costs of the purchase should be compared with relevant…
Q: 1. Journalize the transactions. If an amount box does not require an entry, leave it blank. Assume a…
A: Journal entries are prepared by following the double-entry bookkeeping principle. As per this…
Q: Fleurant, Incorporated, manufactures and sells two products: Product W2 and Product P8. Data…
A: ACTIVITY BASED COSTINGActivity Based Costing is a Powerful tool for measuring…
Q: Hart, an individual, bought an asset for $500,000 and has claimed $100,000 of depreciation…
A: Income tax liability is the amount of tax payable to the government. It is collected to finances the…
Q: Treaty Treat, Inc., purchases soybeans and processes them into the following three types of…
A: Joint costing is one of the costing system being system. This system is used where joint or more…
Q: Sunland Bikes Ltd. reports pre-tax cash sales of $6,600 on October 1. (a) Record the sales assuming…
A: Total Cash received = Sales + Total Sales TaxTotal Sales Tax = (Sales x GST rate) + (Sales x QST…
Q: Partner L received the following in a nonliquidating distribution: Basis FMV Cash S 25,000 $25,000…
A: In a non-liquidating distribution from a partnership, the basis of the distributed assets to the…
Q: On January 1, 20X1, Johnson Consulting purchased a truck for $37,200. The truck is expected to last…
A: The book value of truck as on December 31, 20X2 will be equal to the purchase price of truck less…
Q: Required information Skip to question [The following information applies to the questions displayed…
A: Annual savings that justify the acceptance of the proposal:-Cost of new lighting system = annual…
Q: A family friend has asked your help in analyzing the operations o ndustry. Supply the missing data…
A: Operational assets: These are the resources that the company uses to run its operations and bring in…
Q: Flexible Budgeting At the beginning of the period, the Assembly Department budgeted direct labor of…
A: FLEXIBLE BUDGETA flexible budget is a budget that is prepared for different levels of activity or…
Q: A sports complex is to be constructed. Two plans are under consideration: Plan I is to construct a…
A: It is the process of making decisions that involve the management of costs in order to achieve…
Q: Datem Inc. is planning to request a line of credit from its bank. The bank requires them to submit a…
A: The above systematically organises data of the question.
Q: Denna Company's working capital accounts at the beginning of the year follow: $ 50,000 $ 30,000 Cash…
A: Current Ratio is a measure of short term debt paying ability of a company with its current assets.…
Q: Assume that ACW Corporation has 2023 taxable income of $1,620,000 for purposes of computing the §179…
A: §179 expenses allow businesses to deduct the cost of qualifying property immediately rather than…
Q: Which of the following statements about stockholders' equity is not true? Select one:…
A: The objective of the question is to identify the incorrect statement about stockholders' equity…
Q: Amortization and depletion entries Data related to the acquisition of timber rights and intangible…
A: Impairment means reduction in value of tangible assets over the period of time. Amortisation needs…
Q: Problem D-2A (Algo) Account for investments using the equity method (LO D-3) As a long-term…
A: The journal entries are prepared to record the transactions on regular basis. The net income…
Q: If there were 50000 pounds of direct materials on hand on January 1, 140000 pounds are desired for…
A: Raw Material Purchase Budget: When developing a production budget, it is necessary to determine how…
Q: The amount reported for comprehensive income Select one: is the same as net income. is…
A: The objective of the question is to understand the relationship between comprehensive income and net…
Q: Benny's Bagels operates in a province that has HST collected by the federal government at a rate of…
A: Lets understand the basics.Journal entry is required to make to record event and transaction occur…
Q: The following direct materials data pertain to the operations of Cheyenne Co. for the month of…
A: "Since you have asked multiple questions, we will solve first question for you. If you want any…
Q: The Carlsbad Corporation produces and markets two types of electronic calculators: Model 4A and…
A: The traceable fixed costs are deducted from the contribution margin to get the segment margin. The…
Q: Your answer is partially correct. For George, setting prices has always been a clear-cut process:…
A: The money made from markups may be put back into the company to help it expand and flourish. This…
Q: Gorham Company compiled the following financial information as of December 31, 2022: Cash Retained…
A: Stockholders’ equityThe stockholders’ equity is the number of assets available to the stockholder…
Q: Parker Plastic, Incorporated, manufactures plastic mats to use with rolling office chairs. Its…
A: Direct labor variance is the difference between standard direct labor cost for actual production and…
Q: Sifton Electronics Corporation manufactures and assembles electronic motor drives for video cameras.…
A: Conversion Costs are those costs which are incurred to convert raw material into finished product.…
Q: Nancy Jackson just learned that she received an inheritance from her grandmother. The inheritance…
A: The question is related to Time Value of Money. The value of inheritance would be calculated using…
Q: Gilroy Corporation is considering new equipment. The equipment can be purchased from an overseas…
A: Differential analysis (also known as incremental analysis) is a management accounting technique in…
Q: Which of the following accounts would not be reported in the “Other Expenses and Losses” section of…
A: The objective of the question is to identify which among the given accounts would not be reported…
Q: Amarjit Truckers, Ltd. operates a fleet of delivery trucks in North America. The company has…
A: Lets understand the basics.High low method bifurcates total cost into variable and fixed…
Q: XYZ corporation provides the following information related to its merchandise inventory during the…
A: Lets understand the basics.Ending inventory and cost of goods sold can be calculated using,(1)…
Q: Sport Box sells a wide variety of sporting equipment. The following is information on the purchases…
A: Lets understand the basics.In FIFO basis company assumes that, goods purchased first are sold first.…
Q: omez is considering a $240,000 investment with the following net cash flows. Gomez requires a 12%…
A: An investment may be profitable if the expected cash inflows exceed the initial investment, as…
Q: On May 1, Year 1, Love Corporation declared a $51,000 cash dividend to be paid on May 31 to…
A: The accounting equation is a mathematical representation of financial transactions. The accounting…
Q: At the beginning of the period, the Assembly Department budgeted direct labor of $123,500 and…
A: Variable cost is the amount of cost which changes with the change in the level of production. Fixed…
Q: - NPV Hi IRR Low IRR NPV
A: We Have Marked the Quadrants as 1, 2, 3 and 4 Please refer to the diagram.
Q: amount of the reclassification adjustment to other comprehensive income on December 31, year 3? A.…
A: Financial instruments known as debt securities give their owners the right to receive interest…
vmp
Step by step
Solved in 3 steps
- Macom Manufacturing has total contribution margin of $61,250 and net income of $24,500 for the month of June. Marcus expects sales volume to increase by 10% in July. What are the degree of operating leverage and the expected percent change in income for Macom Manufacturing? 0.4 and 10% 2.5 and 10% 2.5 and 25% 5.0 and 50%Margin, Turnover, Return on Investment, Average Operating Assets Elway Company provided the following income statement for the last year: At the beginning of last year, Elway had 28,300,000 in operating assets. At the end of the year, Elway had 23,700,000 in operating assets. Required: 1. Compute average operating assets. 2. Compute the margin and turnover ratios for last year. (Note: Round the answer for margin ratio to two decimal places.) 3. Compute ROI. (Note: Round answer to two decimal places.) 4. CONCEPTUAL CONNECTION Briefly explain the meaning of ROI. 5. CONCEPTUAL CONNECTION Comment on why the ROI for Elway Company is relatively high (as compared to the lower ROI of a typical manufacturing company).Allana recorded operating data for its Xyza division for the year. The company requires its return to be 10%.Sales P500,000Controllable margin 90,000Total average assets 300,000Fixed costs 30,000Residual income 50,000What is the ROI for the year
- Alpha Corporation recorded operating data for its Omega division for the year. Alpha requires its return to be 10%. Sales- P700,000; Controllable margin- P80,000; Total average assets- P2,000,000; Fixed costs- P50,000. What is the ROI for the year? 25%. 4% 1.2% -8%Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets ROI At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. $ 1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 Contribution margin ratio Fixed expenses 9. If the company pursues the investment opportunity and otherwise performs the same as last year, what ROI will it earn this year? (Do not round intermediate calculations. Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 37.3 % 80% of salesBramble Corp.recorded operating data for its shoe division for the year. The company's desired return is 5%. Sales Contribution margin Total direct fixed costs Average total operating assets $12400000 O 77% O $90000 O 3% O $220000 400000 180000 520000 What is the controllable margin for the year?
- Required information [The following information applies to the questions displayed below.] The following information relates to a company's operations for last year. $ 1,300,000 Sales Variable expenses Contribution margin 440,000 860,000 600,000 Fixed expenses Net operating income 260,000 Average operating assets 812,500 The company's minimum required rate of return is 15%. 1. Calculate last year's return on investment (ROI). ROIWhat was the Paper Division's net operating income last year? The following information relates to last year's operations at the Paper Division of Germane Corporation: 15% Minimum required rate of return Return on investment (ROI) 18% Sales P810,000 Turnover (on operating assets) 5 times A. P24,300 В. Р29, 160 C. P145,800 D. P162,000 What was the Bread Division's minimum required rate of return last year? The following information relates to last year's operations at the Bread Division of Rison Bakery, Inc.: Residual income P12,000 Net operating income P60,000 Sales P300,000 Average operating assets P400,000 А. 12% B. 4% C. 15% D. 20%Westerville Company reported the following results from last year's operations: Sales Variable expenses Contribution margin Fixed expenses Net operating income Average operating assets At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. оо Sales Contribution margin ratio Fixed expenses оо $1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 10-a. If Westerville's chief executive officer will earn a bonus only if her ROI from this year exceeds her ROI from last year, would she pursue the investment opportunity? Yes No 80% of sales 10-b. Would the owners of the company want her to pursue the investment opportunity? Yes No
- Thank youThe Tipton Division of Dudley Company reported the following data last year: Return on investment 20% Minimum required rate of return 12% Residual income $ 50,000 The division's net operating income last year was?Pippen Co. recorded operating data for its shoe division for the year. The company's desired return is 5%. $1,000,000 200,000 Sales Contribution margin Total direct fixed costs 101,721 Average total operating assets 400,000 How much is the controllable margin for the year?
