Cabell Products is a division of a major corporation. Last year the division had total sales of $24,240,000, net operating income of $2,278,560, and average operating assets of $6,302.400. The compan minimum required rate of return is 16%. The division's margin is closest to:
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Q: Cabell Products is a division of a major corporation. Last year the division had total sales of…
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Q: margin is
A: Margin = Earnings * 100/Sales Turnover = Sales ROI = Earnings * 100/Average operating assets
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- Sales mix and margin of safety Use the data from E11-20. assume that 31.500 units of digital game players and 13.500 computer tablets were sold in the current year. Assuming no change in the sales mix, determine the following for Northwest Technology Inc. Round to one decimal place. Margin of safely for game players expressed as (a) units sold, (b) sales dollars, and (c) a percentage.Margin of safety Use the data from E11-12 and assume that break-even sales are $2,798 million. Determine the following for Molson-Coors Brewing Company. Round to one decimal place. Margin of safety expressed as a percentage.Wallace Industries has total contribution margin of $58,560 and net income of $24,400 for the month of April. Wallace expects sales volume to increase by 5% in May. What are the degree of operating leverage and the expected percent change in income for Wallace Industries? 0.42 and 2.2% 0.42and5% 2.4andl2% 2.Sandl3%
- Ceder Products is a division of a major corporation. Last year the division had total sales of $21.520,000, net operating income of $538,000, and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. 6. The division's margin is closest to: A. 2.5% B. 39.7% C. 6.7% D. 37.2%Q23 Selected data from Box Division's accounting records revealed the following: Sales $ 345,060 Average investment $ 200,100 Net operating income $ 24,300 Minimum rate of return (divisional cost of capital) 11% Box Division's return on sales (ROS) is: (Round your percentages to one decimal place.) Multiple Choice 11.1%. 4.1%. 7.0%. 19.2%. 12.1%.7. Jordan Company has two divisions, which reported the following results for the most recent year. Division I Division II Income ₱ 02,700,000 ₱ 00,600,000 Average invested capital ₱ 18,000,000 ₱ 03,000,000 ROI 15% 20% Imputed interest rate = 10% Under residual income, which division is considered to have a better performance? Show solution Group of answer choices Neither Division I nor II Cannot be determined Division I Division II
- hw6 q8 King Mattresses sells both mattress sets and bed frames. Last quarter, total sales were $62,000 for mattress sets and $31,000 for bed frames. Return on investment (ROI) was 20% for both divisions, while asset turnover (AT) was 5 for mattress sets and 2 for bed frames. Compute King Mattresses’s total return on sales (ROS) for the quarter.Q4. Division A of Kern Co. has sales of $350,000, cost of goods sold for $200,000, operating expenses of $30,000, and invested assets of $600,000. What is the return on investment for Division A? Answer: $______________ Explain your answer: __________________________________________________________________________________________________________________________________________________________________________________________________________________________________________Ceder Products is a division of a major corporation. Last year the division had total sales of $21.520,000, net operating income of $538,000, and average operating assets of $8,000,000. The company's minimum required rate of return is 18%. The division's turnover is closest to: A. 2.52 B. 0.07 C. 40.00 D. 2.69
- Jordan Company has two divisions, which reported the following results for the most recent year. Division I Division II Income ₱ 02,700,000 ₱ 00,600,000 Average invested capital ₱ 18,000,000 ₱ 03,000,000 ROI 15% 20% Imputed interest rate = 10% What is the residual income of Division II? Group of answer choices ₱ 0 ₱ 300,000 ₱ 900,000 ₱ 294,000Q35 Consider the following data for three divisions of a company, X, Y, and Z: Divisional: X Y Z Sales $ 1,483,000 $ 805,000 $ 5,005,000 Operating Income 216,100 59,700 263,800 Investment in assets 625,600 292,500 3,179,600 The return on sales (ROS) for Division Z is: (Round your percentages to one decimal place.) Multiple Choice 7.4%. 8.3%. 5.3%. 14.6%. 20.4%.Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.51 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue $ 342,000 $ 230,000 $ 312,000 Cost of goods sold 202,000 108,000 199,000 Miscellaneous operating expenses 43,000 37,000 37,000 Average invested assets 1,350,000 930,000 1,095,000 Required:1. Compute the return on investment for each division. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.))2. Compute the residual income for each division. (Loss amounts should be indicated by a minus sign. Do not round intermediate calculations. Round your answers to nearest whole dollar.)