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%.
Q: 52. How much is the total expense for the month of February 2022 P103,001 P105,235 P107,253 P103,253…
A: Here asked about the details of total sales details which comprises of both cash sales and sales on…
Q: At the beginning of the year, Shinedown, Corp. had a long-term debt balance of $46,755. During the…
A: Long-term debt refers to a company's debts and other obligations that are not due within one year of…
Q: REQUIRED: Prepare the STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2021 IN A PRESCRIBED REPORT…
A: Balance sheet is the financial statement in which all the summary of the accounts balance in…
Q: orporation, year-end plan assets were $ 2,000,000. At the begi ar cantributions to the pension fund…
A: Return on Plan Assets The return on plan assets includes interest paid, dividends earned, realized…
Q: Coronado Industries had sales in 2021 of $5,698,400 and gross profit of $921,800. Management is…
A: The production budget is prepared to estimate the units to be produced during the period.
Q: The going concern assumption is inappropriate when: Select one: а. liquidation appears likely. b.…
A: Going concern assumption states that business will be continued for indefinite period of time. So…
Q: Jennifer Smith decides to start a new company that will be operated as a corporation, Comfy Shoes…
A: Transactions relating to the Shareholder's Equity includes: i) Issue of Share Capital (Common shares…
Q: Unit VI question 7
A: Break-even point in units = Total fixed costs / (Unit selling price - Variable cost per unit)…
Q: On 1st January, 2016 Sadhan Sen of Sodepur sent 1,000 units of silk goods to Biren Bose of…
A: This is a case of a Joint venture where two individuals come together for purpose of doing business…
Q: ?Which one of the following is not correct regarding activity-based costing Activity-based costing…
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: the projected year. Unit selling price, unit variable costs, and fixed costs are estimated to (1)…
A: Compute (1) the contribution margin for the current year and the projected year Current Year…
Q: On January 1, 20x1, Solicit Co. acquired 12%, ₱1,000,000 bonds for ₱1,049,737. The principal is due…
A: Answer - Computation of the gain (loss) on the sale - Date Collection Intt Income Amortization…
Q: What is the cost of the equipment to be recorded by Faith Logistics Corporation on August 1, 2022?…
A: On August 1, 2022, the company acquired a service vehicle for a total cash price of P650,000 with…
Q: 4. a) The primary responsibility for the prevention and detection of fraud rests with both those…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: 3. What is the investment in Two Company common stock at year-end? 4. What is the recovery of…
A: On December 31, 2020, Dreamer Company reported as Available-for-sale securities: Particulars Qty…
Q: Please define what centralized and decentralized operations are within the context of Chapter 24
A: Centralized Operations mean operations are managed by higher authorities. thus have a centralized…
Q: Which of the following is a variable cost? O Acost that is $26,000 when production is 65,000, and…
A: Increase in production level = (91000 - 65000) / 65000 = 40% Increase in variable cost should…
Q: The going concern assumption is inappropriate when:
A: The Going Concern Assumption is followed while preparation of Financial Statements. Generally, it…
Q: You discovered the following errors in connection with your examination of the financial statements…
A: Non-Counterbalancing errors are those errors that do not get adjusted with the next year's figures…
Q: On January 1, 2021, South Company acquired a building for P5,000,000. The entity paid P500,000 down…
A: The question is related to Journal entries to record purchase of Building by signed non interest…
Q: Kitt Company borrows $800,000 from Neville Capital by issuing an 8-year (96-month), 12% note…
A: GIVEN Kitt Company borrows $800,000 from Neville Capital by issuing an 8-year (96-month), 12% note…
Q: Chris's House of Music wants to purchase Transposelt, a system that transposes any song in its…
A: The accounting rate of return is a ratio of net income earned on an investment. Net income is net…
Q: Cash $14,500 56,000 7,800 1,500 Pirate Pete, Capital Oct. 1 Net loss Oct. 2017 Owner investments
A: Formula: Ending capital balance = Beginning capital + Additional investments - net loss - owner…
Q: 9. Answer what is required of the problem.
A: in the given problem we have to calculate the followings total Interest for the year 2021 Quarterly…
Q: At the beginning of the year, long-term debt of a firm is $280 and total debt is $325. At the end of…
A: The amount of profit paid to debt holders during an accounting period is referred to as cash flow to…
Q: Companies keep a permanent record of transactions, and every transaction is documented. If you are…
A: The accounting system of the organization makes the management record day-to-day business…
Q: 3 Bought goods on credit from Smart Warehouse RM10,100. 4 Sold goods for cash RM3,400. 5 Paid…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: May Made cash sales of $6,300; the cost of the inventory was $3,700. 1 5 Purchased $2,000 of…
A: Introduction: Journals: Recording of a business transactions in a chronological order. First step in…
Q: Sale of land $ 194,000 Purchase of treasury stock 33,000 Issuance of common stock 116,000 Payment of…
A: Introduction: Statement of cash flows: All cash in and out flows are flows are statement of cash…
Q: On January 1, 20x1, Santa Co. acquired 10%, ₱1,000,000 bonds at 92. Commission paid to brokers…
A: Bond Valuation Bond can be valued ether in part value or in discount or in premium as well.…
Q: short-term differences in price purchased the following trading secu
A: Net income means deducting all the expenses (Costs) allowances and taxes of an individual are known…
Q: Unit VI question 4
A: Lets understand the basics. Contribution margin is a sales less variable cost of the company.…
Q: The following information was taken from Cristine Company's accounting records for the current year:…
A: Cost of goods sold = Cost of goods manufactured + Decrease in finished goods inventory Cost of goods…
Q: While in Pula Tioman , Aboy decided to go fishing for Black Marlin, a large fish popular among…
A: Answer:- Implied term:- Implied terms are those terms which are implied by law or custom, these…
Q: In 2021, Ben purchases and places in service a new auto for his business. The auto costs $57,000 and…
A: Introduction Section 179 allows tax payers to expense the acquisition cost of certain properties,…
Q: acifico Company, a U.S.-based importer of beer and wine, purchased 1,900 cases of Oktoberfest-style…
A: In this question, We Prepare journal entries to account for the import purchase and foreign currency…
Q: 12/31/2018 12/31/2019 Accounts payable $2,500 $6,400 Accounts receivable 3,500 8,500 Cash 4,700…
A: Formulas: Working Capital = Total Current assets - Total Current liabilities Current ratio = Total…
Q: The following list gives a number of measures associated with the Balanced Scorecard:a. Number of…
A: Balance-scorecard is a strategic vision to measure the performance and in evaluating various…
Q: If Ayayai Corp. has net sales of $523000 and cost of goods sold of $350000, Ayayai gross profit rate…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Which of the following statements is incorrect? For each business combination, one of the combining…
A: In this question, we will explain that which of the following statement is incorrect.
Q: On June 30, 2022, the remaining bonds were reacquired at 106 plus accrued interest and refunded with…
A: The carrying amount of bonds is the value of the bond at the last date of the financial year. It can…
Q: Your company has reviewed its new product that it introduced last year, and it has been found that…
A: The amount of revenue at which a company makes a profit of zero is known as break-even sales. This…
Q: ?Refer to CASE 2 (Company B), What is the expected Product Margin of product Z if activity-based…
A: The product margin is calculated as difference between sales revenue and total costs incurred during…
Q: Partners Ltd operates a car manufacturing plant. It has decided to purchase a 100 per cent interest…
A: Calculation of goodwill Calculation of goodwill in the Acqusition first to taken up the total…
Q: Balloon Ltd (Balloon) purchased an item of equipment on 1 July 2015 for $2 million. At that time che…
A: The answer is stated below:
Q: Beginning inventory, purchases, and sales for an inventory item are as follows: Sep. 1 Beginning…
A: FIFO: Under FIFO method, goods purchased first are sold first. FIFO stands out for…
Q: rst year of operation. (Assume that all transactions are cash transactions unless otherwise stated.)…
A: Cost of goods sold refers to the expenses incurred by a company while selling its products in the…
Q: Georga uses the high-ow method of estimating costs. Georgia had total costs of $50,000 at its lowest…
A: The high low method is a cost segregation method where the difference in cost is divided by…
Q: Course Name: Advanced Accounting Problem-1 ) Ram and Shyam undertook jointly to build a house for a…
A: A joint venture is a partnership for short period. In a joint venture, 2 or more persons join…
Q: ?Which one of the following is an organization sustaining activity Packaging of units a O None of…
A: Introduction:- Organization sustaining activities are those activities which maintains the operation…
Wildhorse 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
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- During the current year, Plainfield Manufacturing earned income of $845,000 from total sales of $9,350,000 and average capital assets of $13,500,000. Using the sales margin from the previous exercise, what is the total ROI for the company during the current year?Blue Spruce accumulates the following data for its North Division, an investment center, for the current year. Contribution margin Controllable fixed costs Average operating assets $186,000 $113,550 $700,000 Compute the ROI. (Round answer to two decimal places (e.g., 15.25%).) ROI %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?
- Coolbrook Company has the following information available for the past year: River Division Stream Division Sales revenue $ 1,215,000 $ 1,818,000 Cost of goods sold and operating expenses 897,000 1,287,000 Net operating income $ 318,000 $ 531,000 Average invested assets $ 1,160,000 $ 1,500,000 The company’s hurdle rate is 7.26 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. 2. Recalculate ROI and residual income for the division for each independent situation that follows: a. Operating income increases by 9 percent. b. Operating income decreases by 9 percent. c. The company invests $259,000 in each division, an amount that generates $105,000 additional income per division. d. Coolbrook changes its hurdle rate to 5.26 percent.Coolbrook Company has the following information available for the past year: River Division Stream Division Sales revenue $ 1,209,000 $ 1,810,000 Cost of goods sold and operating expenses 900,000 1,286,000 Net operating income $ 309,000 $ 524,000 Average invested assets $ 1,200,000 $ 1,460,000 The company’s hurdle rate is 6.26 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) river steam ROI % % Residual income (loss) 2. Recalculate ROI and residual income for the division for each independent situation that follows: Operating income increases by 11 percent. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.). Loss…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: Sales Contribution margin ratio Fixed expenses Margin $ 1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. 7. If the company pursues the investment opportunity and otherwise performs the same as last year, what margin will it earn this year? (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) % 80% of sales
- BR Company has a contribution margin of 15%. Sales are $633,000, net operating income is $94,950, and average operating assets are $143,000. What is the company's return on investment (ROI)? Multiple Cholce 4.4% 15.0% 66.4% 0.2%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 salesWesterville 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: Sales Contribution margin ratio Fixed expenses $1,400,000 680,000 720,000 440,000 $ 280,000 $ 875,000 $ 480,000 $ 336,000 The company's minimum required rate of return is 15%. Residual income 80% of sales 13. If the company pursues the investment opportunity and otherwise performs the same as last year, what residual income will it earn this year?
- 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 $350,000 investment opportunity with the following cost and revenue characteristics: Sales Contribution margin ratio Fixed expenses $ 1,400,000 720,000 680,000 470,000 $ 210,000 $ 875,000 $ 560,000 $ 336,000 The company's minimum required rate of return is 15%. Turnover 70% of sales 5. What is the turnover related to this year's investment opportunity? (Round your answer to 1 decimal place.)Coolbrook Company has the following information available for the past year: River Stream Division Division Sales revenue $1,200,000 900,000 $1,800,000 1,300,000 Cost of goods sold and operating expenses Net operating income $ 300,000 $ 500,000 Average invested assets $1,200,000 $1,800,000 The company's hurdle rate is 6 percent. Required: 1. Calculate return on investment (ROI) and residual income for each division for last year. 2. Recalculate ROI and residual income for each division for each independent situation that follows: a. Operating income increases by 10 percent. b. Operating income decreases by 10 percent. c. The company invests $250,000 in each division, an amount that generates $100,000 additional income per division. d. Coolbrook changes its hurdle rate to 10 percent. Complete this question by entering your answers in the tabs below. Req 1 Reg 2A Req 28 Reg 20 Reg 2D Calculate return on investment (ROI) and residual income for each division for last year. (Enter your ROI…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