Shalom Company's Peace Department had the following information last year Minimum required rate of return 18% Average operating assets Traceable fixed expenses Variable expenses Sales 2,000,000 90,000 310,000 1,000,000 What was Peace Department's return on investment?
Q: Production of Peace products has been budgeted at 220,000 units for July. One unit of Peace products…
A: To determine how many kilos of material should be purchased in July, we need to calculate the total…
Q: Refer to the following selected financial information from Weekend Getaways Incorporated Compute the…
A: Given, Accounts receivable for Year 2 is $98,760 Net sales for Year 2 is $823,000
Q: Problem 11-15 (Algo) Review problem-understanding liquidity measures LO 11-1 Assume that the current…
A: Ratio analysis is a quantitative method of gaining insight into a company's liquidity, operational…
Q: A) Top-stratum items are population items whose book value likely exceed the Sampling Interval and…
A: The false statement is A) Top-stratum items are population items whose book value likely exceed the…
Q: Dd.14. Was the campaign profitable?.
A: You must weigh the total revenue a campaign brings in against the whole cost of running it to decide…
Q: [The following information applies to the questions displayed below] Warnerwoods Company uses a…
A: The first in first out method states that the first purchases are sold first. Ending inventory under…
Q: compute the amount of goods available beginning inventory 1700 units unit cost 65 purchase 2750 unit…
A: INVENTORY VALUATION Inventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: Inventory Valuation under Absorption Costing and Variable Costing At the end of the first year of…
A: Using variable costing, only variable manufacturing costs are included in the product cost. Using…
Q: Requirements 1. Determine the amounts that Woody's should report for cost of goods sold and ending…
A: INVENTORY VALUATION Inventory Valuation is a Method of Calculation of Value of Inventory at the End…
Q: Mabry Organics manufacturers organic fruit snacks. They use a departmental method of allocating…
A: Overhead is the total indirect expenses incurred in the factory in connection with production of…
Q: ! Required information [The following information applies to the questions displayed below.] Shadee…
A: Notes : Lets understand the basics. Management prepares budget to estimate future profit and loss…
Q: Sheridan Company has recorded the following items in its financial records. Cash in bank Cash in…
A: Cash and cash equivalents refers to the line item on the balance sheet that reports the value of a…
Q: entries on JCPenney Co.'s books
A: A business event that has an effect on an entity's financial statements that can be expressed in…
Q: Carlberg Company has two manufacturing departments, Assembly and Painting. The Assembly department…
A: Weighted average method is a common inventory costing method used in accounting. It is also known as…
Q: On January 1, 2019, Lynch Company acquired 13% bonds with a face value of $50,000. The bonds pay…
A: Bond meaning:- An IOU-like debt security called a bond. Bonds are issued by the borrowers to attract…
Q: The condensed balance sheet and profit – sharing ratio of the partnership of Wenda, Wendy, and Wilma…
A: The partnership comes into existence when two or more persons agree to do the business and further…
Q: you did not complete all the part
A: Current ratio and acid test ratio uses the current liabilities as the base and this is the common…
Q: JPL, Incorporated has provided its sales and expense data for the most recent period. The Controller…
A: Variable costs are costs that varies with the change in the level of output. Fixed costs are costs…
Q: A company reports the following beginning inventory and two purchases for the month of January. On…
A: Cost of goods sold means the cost incurred on the making of the goods sold to the customers. Ending…
Q: Sunn Company manufactures a single product that sells for $180 per unit and whose variable costs are…
A: Contribution margin per unit = Selling price - Variable cost Contribution margin ratio =…
Q: Required information Problem 10-58 (LO 10-2, LO 10-3) (Algo) [The following information applies to…
A: Deductions are defined as those payments made by a taxpayer during a specific period that can be…
Q: The organization turnover was $20,000,000 Due to raise in the material cost profit drops by 3%…
A: To calculate the revenue required to cover losses and make a profit, we need to take into account…
Q: Tree top Products, Ltd. sells stuffed animals to local convenience stores and small pharmacy…
A: Consignment is the agreement between two parties known as consignor and consignee, under which…
Q: On September 1, a client paid the company $42,000 cash for six months of rent in advance and took…
A: Concept:- Unearned rent revenue, also known as deferred rent revenue, is a liability account that…
Q: Below are approximate amounts related to retained earnings reported by five companies in previous…
A: INTRODUCTION: Retained earnings are the net income or profit after taxes that is not given to…
Q: 13. If we assume that there is no fixed manufacturing overhead and the variable manufacturing…
A: Cost of goods sold (COGS) and gross margin are two important financial concepts related to the…
Q: Bonkowski Corporation makes one product and has provided the following information to help prepare…
A: Companies operate businesses to earn profit. To know how much profit is earned by the company for a…
Q: Firm O has accounts receivable of $35,000, cash of $16,600, property, plant, and equipment of…
A: WORKING CAPITAL Working Capital Is the Difference Between Current Assets & Current Liabilities.…
Q: *** Item Number of returns Taxable income Total tax liability. Average tax rate* Under $15,000…
A: To calculate the amount of tax liability for 2021 for all taxpayers under a proportional tax rate…
Q: At December 31, Hawke Company reports the following results for its calendar year. Cash sales $…
A: Bad debt expense is based on a certain % of credit sales. Ending allowance account balance is based…
Q: 4. Puffin Corporation makes a property distribution to its sole shareholder, Bonnie. The property…
A: Note : A dividend is a payment made by a corporation to its stockholders. When a company makes a…
Q: data follow. Sales price per unit Variable costs per unit Sales mix percent Tags Small $ 42 $ 32 80%…
A: Break-even point is the point where there is no profit or loss or in other words is the point where…
Q: TOM, UMI, and VIC decided to liquidate their partnership on May 31, 20x7. On this date, their…
A: Lets understand the basics. As per accounting or balance sheet equation, total assets are always…
Q: 26. MAR, JOE, and REY, who divide profits and losses 50%, 30%, and 20%, respectively, have the…
A: Lets understand the basics. Liquidation may happen due to voluntary or due to legal requirement.…
Q: A) Consider the likelihood that identified risks could result in material misstatement B) Identify…
A: In order to assess Control Risk/the risk of material misstatement, the auditor would complete all of…
Q: Information concerning Johnston Company's direct materials costs is as follows: Standard price…
A: Direct Materials Usage Variance = (SQ - AQ) x SP Where:SQ = Standard quantity of materials allowed…
Q: Storytime Park competes with Fun World by providing a variety of rides. Storytime sells tickets at…
A: Break-even point : At that point where there is no profit and no loss. Here the number of sales is…
Q: Required 1: On June 30th there are 2 days accrued payroll to recognize in the monthly financials.…
A: To calculate the accrued payroll liability, we need to determine the daily payroll rate of the…
Q: Shalom Company's sales are P563,000, its fixed expenses are P150,000, and its variable expenses are…
A: Margin of safety is a financial metric that measures the difference between a company's actual sales…
Q: A landscaping firm has quoted a price of $10,500 to fix up Sally's back yard. Five years she put…
A: Future value is the value of a savings or any other asset at a specific period of time . Future…
Q: Please explain well step by step because i have to do it in excel This production data was recorded…
A: The high-low method is a simple technique that is used to separate mixed costs into their fixed and…
Q: The following amounts summarize Transeer Company's merchandising activities during 2023. Post the…
A: Cost of goods sold (COGS) : Cost of goods sold budget shows the expenses incurred for producing a…
Q: Each of the following independent situations represents amounts shown on the four basic financial…
A: INTRODUCTION: Every firm must deal with a variety of business operations on a daily basis. These…
Q: Oneida Company's operations began in August. August sales were $180,000 and purchases were $105,000.…
A: Cash budget is the firm's estimation of cash inflows and outflows over a period of time. it is used…
Q: Lui Coffee Company roasts and packs coffee beans. The process begins by placing coffee beans into…
A: Solution: Equivalent units of production = Beginning WIP units * % completed during the period +…
Q: Engberg Company installs lawn sod in home yards. The company's most recent monthly contribution…
A: Income statement :— It is one of the financial statement that shows profitability, total revenue and…
Q: On November 10 of year 1, Javier purchased a building, including the land it was on, to assemble his…
A: To determine the depreciation expense for the building, we need to use the Modified Accelerated Cost…
Q: Igeland Company completed the "anuary 15 Purchased and paid for merchandise. The invoice amount was…
A: The journal entries are prepared to keep the record of day to day transactions of the business on…
Q: Holman Medical Supplies uses an ABC method of allocating overhead costs. Using their predetermined…
A: Adjusted Cost of Goods Sold - Adjusted Cost of Good Sold is a cost incurred on the selling of goods…
Q: On January 1, 2021, Ravetch Corporation's projected benefit obligation was $45 million. During 2021,…
A: Projected benefit obligation is the actuarial measurement of the amount that the company needs today…
Step by step
Solved in 2 steps
- Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of $30,000, and invested assets of $600000. What is the return on investment for Division A? A. 20% B. 25% C. 33% D. 40%The 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?Paints Division of PorEleben, Inc. had the following operation result in 2019:Sales: P12,000,000Profit Margin: 20%Assets P15,000,000The Division is considering a P2,000,000 investment in a new project. The estimated ROI for all its operations would be 30% with the new investment. The weighted average cost of capital is 15%1. How much net income or net loss is the new project expected to contribute?2. If the manager of the division is evaluated on ROI alone, will she invest on the new project?Why?3. What would be the residual income for all its operations?
- Compute the payback period and ROI (Return on Investment) for the following Initial investment equals 600,000Year one -120,000Year two - 240,000Year three -250,000Year four - 40,000Year Five - 90,000The following selected data for BC Company for 2022: Sales P 2,000,000Variable Costs 1,200,000Traceable Fixed Costs 200,000Average Invested Capital 400,000Capital Charge 15% 1. The residual income amounted to? 2. Assuming the same information in the previous item, the return on investment percentage is?Given the following data: Average operating assets $ 1,116,000 Total liabilities $ 167,400 Sales $ 837,000 Contribution margin $ 502,200 Net operating income $ 167,400 Return on investment (ROI) is: Multiple Choice 20.0% 15.0% 60.0% 45.0%
- Alexander Inc. makes basketballs. The results for the year were as follows: Basketballs Sales $450,000 Income $72,000 Asset base $300,000 Weighted average cost of capital 15% Required:Compute the following amounts for the company:SHOW ALL CALCULATIONS. ROUND EACH NUMBER TO TWO (2) DECIMAL PLACES. A. Return on investment (ROI). B. Residual income if the desired rate of return is 20%. C. EVA. D. Turnover. E. Margin.You are evaluating the performance of Department X of Banawe Corporation for the year 2006. You are given the following facts:Sales during the year amounted to P 880,000 at 12% margin.Return on investment was 20%.Minimum required rate of return was 15%Based on the above information, the department's residual income for the year 2005 was?The following data has been provided for a company’s most recent year of operations: Return on investment 40% Average operating assets $ 60,000 Minimum required rate of return 18% The residual income for the year was closest to: Multiple Choice $19,200 $13,200 $18,000 $23,000
- if requires a minimum return on its investments of 15%, what is their residual income? NUBD Co has the following information available for one of its divisions: Average operating assets P5,000,000 Return on investment Sales 40% P8,000,000Wildhorse Corp. reported the following: Beginning of year operating assets $3,220,000 End of year operating assets 3,020,000 Contribution margin 1,020,000 Sales 5,020,000 Controllable fixed costs 626,880 Its required return is 11%.Compute the company’s ROI.Mitsu Division has the following results for the year: Revenues $1,080,000Variable expenses 440,000Fixed expenses 400,000Total divisional assets are $1,600,000. The company's minimum required rate of return is 14 percent. What is the residual income for Scottso?