The following selected data pertain to Badang Company's Jaja Division for 2021: Sales Variable costs Traceable fixed costs Average invested capital Imputed interest rate P1,000,000 600,000 100,000 200,000 15% How much is the return on investment? 200% 75% 135% 150%
Q: ect materials. ect labor iable manufacturing overhead March, the following activity was recorded by…
A: Variable overhead rate variance is the deviation of standard rate which is expected to be incurred…
Q: Budget for Fabrication Department Steelcase Inc. is one of the largest manufacturers of office…
A: Introduction:- Flexible budget means as follows under:- It adjusts values in respective of changes…
Q: Bixby Carpet Manufacturing Inc. uses a process costing system and calculates per-unit costs using…
A: A process costing system is a method used in certain areas of the manufacturing industry to…
Q: Required (kindly explain): 1. Why is it necessary to examine the lapsing schedule for additions and…
A: Why is it necessary to examine the lapsing schedule for additions and disposals of property, plant…
Q: Dwight Donovan, the president of Franklin Enterprises, is considering two investment opportunities.…
A: Net present value is based on Present Value of Cash outflows and Present Value of Cash inflows.…
Q: Guthrie Generators manufactures a solenoid that it uses in several of its products. Management is…
A: Answer - The make-or-buy decision analysis is the act of evaluating manufacturing something…
Q: Spears Company had net sales of $53,404 million. Its average total assets for the period were…
A: Average total assets :— It is calculated by dividing sum of beginning balance of assets & Ending…
Q: Required: 1.1 You are required to produce the Statement of Financial Performance over the…
A: Absorption costing is a inventory costing method. It is also known as full costing. It takes into…
Q: Question Content Area Amortize discount by interest method On the first day of its fiscal year,…
A: Bonds are fixed income earning instruments where the investor lends money to the company in exchange…
Q: Income
A: An individual retirement account or IRA is a gateway to save for retirement and cut down taxes as…
Q: BE9.1 (LO 1), AP These expenditures were incurred by Dobbin Company in purchasing land: cash price…
A: Cost of land includes purchase price, non-refundable taxes, brokerage, commission, legal fees and…
Q: Barbara DeMarco CPA
A: We will compare the basis and FMV of each asset contributed by Barbara & Roberta to find out net…
Q: The following transactions and adjusting entries were completed by Legacy Furniture Co. during a…
A: Journal entries are recorded on the day to day basis for preparing a proper record of business…
Q: When opposed to cash-basis accounting, does accrual-basis accounting offer more meaningful…
A: Under cash basis accounting, transactions are recorded when the cash is actually paid or received.…
Q: On January 1, 2021, ABC Company accepted a long-term construction contract to construct a building…
A: According to the given question, we are required to compute the gross profit, costs incurred, and…
Q: FIFO Method, Valuation of Goods Transferred Out and Ending Work in Process McCourt Company uses the…
A: Work-in-progress inventory is inventory that has begun but needs to be completed before it can be…
Q: The Apollo Delivery Service has the following information about its truck fleet miles and operating…
A: High low method: Mixed cost problems are solved using the High -Low-cost method. Variable and fixed…
Q: Mocktails Ltd, a resident of South Africa with a December year-end, purchased a plot of land on 1…
A: Capital gains are profit earned when you sell the assets at the price above the purchase price of…
Q: Harith Company's industrial photo-finishing division, Rho, incurred the following cost and expenses…
A: Product Costs mean the costs incurred directly or indirectly related to the production of a product.…
Q: uity is the difference between an Asset's value and the loan balance. For instance, if you have a…
A: Vehicles are purchased by the loans these are paid monthly and very easy to pay and these monthly…
Q: 3) X and Y are partners sharing profit and losses at 2/5 and 3/5 respectively. They decided to admit…
A: Given:- Profit sharing ratio of X and Y = 2:3. Z new partner decided to pay OMR10,000 for goodwill .…
Q: When a lease agreement does not include a guarantee by the lessee that the lessor will recover a…
A: As per IFRS 16 Leases, lessee will include in computation of lease liability the present value of…
Q: Use the information in the table above .Given income from known sources, estimate the income from…
A: Income from unknown sources is defined as any income that is not clearly traceable to a specific…
Q: Adams Company reports the following balance sheet accounts as of December 31 Salaries payable…
A: Balance sheet is the financial statement which is prepared in order to indicate the financial…
Q: Determine the missing values in the following table. Each row represents a separate scenario. Room…
A: Lets understand the basics. Contribution is a sale price per unit less variable cost per unit. In…
Q: It was the end of the third quarter for Marigold Industries. There had been some discussion in prior…
A: Direct material price variance is a variance between the rate at which material should be purchased…
Q: Journal Entry September 30: Sold 15 bicycles on special at $150 each and 5 golf club sets at $350…
A: JOURNAL ENTRIES Journal entries is the Process of Recording all Financial & Non Financial…
Q: Khang worked for two different employers. Until May, he worked for Wonderman Construction Company in…
A: FUTA that federal unemployment tax that is paid for insurance of the unemployed persons. Each state…
Q: It was the end of the third quarter for Marigold Industries. There had been some discussion in prior…
A: Lets understand the basics. Direct material price variance is a variance between the rate at which…
Q: marketing team to find out the followings: 1) List the various segmentation variables the company…
A: Market Segmentation Organizing potential consumers into different or sections with comparable…
Q: Waterway Industries issues 2300, 10-year, 8%, $1000 bonds dated January 1, 2020, at 98. The journal…
A: Bonds are securities issued by the entity for the purpose of raising funds. It is an obligation for…
Q: Materials purchases for the month were $4,000. The Materials Inventory account had a beginning…
A: Materials can be used for various purposes that can be either direct or indirect. Direct material…
Q: Question 1 of 3 Which of the following are benefits of using standard costing As a way to place…
A: Option 1: Standard costing is used as a way to place blame on managers or employees is incorrect.…
Q: a. Prepare a sales budget for the first quarter of year 1. b. Determine the amount of sales revenue…
A: Requirement:-A Preparation of sales budget as follows under:- Note:- Sales in January $370,000…
Q: E4-4 Manufacturing Costs; Cost of Goods Manufactured; Inventories. Cost data on the activities of…
A: Cost of goods sold (COGS) refers to the direct costs of producing the goods sold by a company. This…
Q: new equipment and the avoidable cost per unit to produce the bike frames using the old equipment.…
A: Avoidable and unavoidable are the two types of cost. Avoidable cost is the one which can avoidable…
Q: Required information [The following information applies to the questions displayed below.] BMX…
A: Journal entry is the process of documenting commercial transactions for the first time in the books…
Q: In a year, the spot stock price is $90 per share. What is the payoff from financially settling the…
A: 1. In simple sense, Put option means a contract in which the buyer of the put will get Right but not…
Q: A contract that will be settled in the entity’s own equity instruments and under which the entity is…
A: Financial liability of the company is what company is contractual obliged to deliver cash or…
Q: A discounted note will produce an effective rate which is different than the stated rate. Why does…
A: A Discounted Note is a short term financing product that helps a company in quickly raising cash for…
Q: a.&b. Compute the standard cost per candle for direct materials, direct labor, overhead and also the…
A: 1) Direct material : We have, Amount of direct material required per unit = 1.30 pounds Price of…
Q: The ABC Co company manufactures ballpoint pens. During the most productive month of the year…
A:
Q: Required: a. At what price should the builder sell the properties to earn, in effect, the market…
A: Loan is the amount of money borrowed by a party from a bank or financial institution with a promise…
Q: Information on Coronado's direct labor costs for the month of August is as follows: Actual labor…
A: Formula: Direct labor price variance=Standard labor rate-Actual labor rate×Actual hours
Q: Prepaid expenses Rent revenue Retained earnings Salaries and wages expense Sales revenue (7 E…
A: Income statement shows the result of the entity or performance of the entity during the year in the…
Q: Two independent situations follow: 1. Ready Car Rental leased a car to Martinez Company for three…
A: A journal entry is a record of a business transaction kept in the accounting books of a corporation.…
Q: During 2022 Fat Cat Construction started a construction job with a contract price of $2,500,000. The…
A: A journal is the company's official book on which all business transactions are recorded in…
Q: Kashi Sales, L.L.C., produces healthy, whole-grain foods such as breakfast cereals, frozen dinners,…
A: Payroll: It refers to the process of paying salary to a company's employees. It starts with…
Q: Autumn Designs & Decorators issued a 120-day, 6% note for $30,000, dated April 13 to Zebra Furniture…
A: Notes receivable is an asset which is a kind of promise from a another party that it will receive…
Q: Finch Construction Company is a building contractor specializing in small commercial buildings. The…
A: Using job costing has various advantages: 1. It offers precise costs for each work, which may be…
Step by step
Solved in 2 steps
- The income statement comparison for Rush Delivery Company shows the income statement for the current and prior year. A. Determine the operating income (loss) (dollars) for each year. B. Determine the operating income (percentage) for each year. C. The company made a strategic decision to invest in additional assets in the current year. These amounts are provided. Using the total assets amounts as the investment base, calculate the ROI. Was the decision to invest additional assets in the company successful? Explain. D. Assuming an 8% cost of capital, calculate the RI for each year. Explain how this compares to your findings in part C.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 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?
- 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% P8,000,000The following are selected data for the division for the consumer products of ABC Corp for 2020: Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8% What is the return on investment for the division? 2% 4% 8% 10% Group of answer choices 1 2 3 4INCOME STATEMENT Hermann Industries is forecasting the following income statement:Sales $8,000,000Operating costs excluding depr. & amort. 4,400,000EBITDA $3,600,000Depreciation & amortization 800,000EBIT $2,800,000Interest 600,000EBT $2,200,000Taxes (40%) 880,000Net income $1,320,000The CEO would like to see higher sales and a forecasted net income of $2,500,000. Assumethat operating costs (excluding depreciation and amortization) are 55% of sales and thatdepreciation and amortization and interest expenses will increase by 10%. The tax rate, whichis 40%, will remain the same. What level of sales would generate $2,500,000 in net income?
- Sheffield Corp. reported the following for 2022: Income tax expense $68000 Contribution margin 220000 Controllable fixed costs 90000 Interest expense 60000 Total operating assets 650000 What is the controllable margin?The New York division of Ram Co. had the following financial data for 2020: sales $600,000, average operating assets $200,000, margin (or profit margin) 5%, minimum required rate of return 12%. 1. What was the return on investment for the division? a)10% b)7% c)15% d)12% 2. What was the dollar amount of residual income for the division? a)$6,000 b)$8,000 c)$12,000 d)$16,000Given the following financial data for Cosmos, compute the firm's degree of combined leverage. 2010 2011 Sales $780,000 $874,000 Fixed costs 195,000 218,500 Variable costs 460,200 524,400 EBIT 124,800 131,100 Interest 46,800 52,400 EPS $0.42 $0.51
- The following are selected data for the division for the consumer products of ABC Corp for 2019: Sales 50,000,000 Average invested capital (assets) 20,000,000 Net income 2,000,000 Cost of capital 8% What is the interest rate spread for the division? (Hint: the spread is equal to the ROI less the cost of capital.) 2% 8% 10% 20% Group of answer choices 1 2 3 4The North Division. The division's desired rate of return is 10%. The financial information for the year 2021 includes total sales of RM6,000,000, operating income of RM1,900,000, total assets of RM16,000,000, and current liabilities of RM4,500,000. The tax rate is 35% and the weighted average cost of capital (WACC) is 10% Calculate and interpret the results on the following performance measurements for North division. i) Return on investment (ROI) ratioii) Residual income (RI)iii) Economics value added (EVA).The following are selected data for the division for the consumer products of ABC Corp for 2020: Sales P 10,000,000 Average invested capital 4,000,000 Net Income 400,000 Cost of Capital 8% What is the return on sales for the division? 4% 8% 10% 20% Group of answer choices 1 2 3 4