The following information pertains to Corsig Corp. and its divisions for the year ended December 31, 2017. Sales to unaffiliated customers $2,125,000 Intersegment sales of products similar to those sold to unaffiliated customers 1,250,000 Interest earned on loans to other operating segments 56,000 Corsig and all of its divisions are engaged solely in manufacturing operations. Corsig has a reportable segment if that segment's revenue exceeds
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The following information pertains to Corsig Corp. and its divisions for the year ended December 31, 2017.
| Sales to unaffiliated customers | $2,125,000 |
| Intersegment sales of products similar to those sold to unaffiliated customers | 1,250,000 |
| Interest earned on loans to other operating segments | 56,000 |
Corsig and all of its divisions are engaged solely in manufacturing operations. Corsig has a reportable segment if that segment's revenue exceeds
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- Hamilton Corp. is a reinsurance and financial services company. Hamilton strongly believes in evaluating the performance of its stand-alone divisions using financial metrics such as ROI and residual income. For the year ended December 31, 2017, Hamilton’s CFO received the following information about the performance of the property/casualty division: Sales revenues $ 900,000 Operating income 225,000 Total assets 1,500,000 Current liabilities 300,000 Debt (interest rate: 5%) 400,000 Common equity (book value) 500,000 For the purposes of divisional performance evaluation, Hamilton defines investment as total assets and income as operating income (that is, income before interest and taxes). The firm pays a flat rate of 25% in taxes on its income. Q. What was the net income after taxes of the property/casualty division?Hamilton Corp. is a reinsurance and financial services company. Hamilton strongly believes in evaluating the performance of its stand-alone divisions using financial metrics such as ROI and residual income. For the year ended December 31, 2017, Hamilton’s CFO received the following information about the performance of the property/casualty division: Sales revenues $ 900,000 Operating income 225,000 Total assets 1,500,000 Current liabilities 300,000 Debt (interest rate: 5%) 400,000 Common equity (book value) 500,000 For the purposes of divisional performance evaluation, Hamilton defines investment as total assets and income as operating income (that is, income before interest and taxes). The firm pays a flat rate of 25% in taxes on its income. Q. Based on Hamilton’s required rate of return of 8%, what was the property/casualty division’s residual income for 2017?Hamilton Corp. is a reinsurance and financial services company. Hamilton strongly believes in evaluating the performance of its stand-alone divisions using financial metrics such as ROI and residual income. For the year ended December 31, 2017, Hamilton’s CFO received the following information about the performance of the property/casualty division: Sales revenues $ 900,000 Operating income 225,000 Total assets 1,500,000 Current liabilities 300,000 Debt (interest rate: 5%) 400,000 Common equity (book value) 500,000 For the purposes of divisional performance evaluation, Hamilton defines investment as total assets and income as operating income (that is, income before interest and taxes). The firm pays a flat rate of 25% in taxes on its income. Q. What was the division’s ROI for the year?