Refer to the data in Exercise E24-24. Calculate each division's RI. Interpret your results. Refer in Exercise
Question:
Refer to the data in Exercise E24-24. Calculate each division's RI. Interpret your results.
Refer in Exercise E24-24,
Zims, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was available for the past year:
Management has a 26% target rate of return for each division.
Transcribed Image Text:
Net Sales Revenue Operating Income Average Total Assets Residential $ 550,000 $ 65,280 $ 192,000 Professional 1,090,000 164,820 402,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 60% (5 reviews)
RI Operating income Target rate of return Average total assets Residentials RI ...View the full answer
Answered By
Jehal Shah
I believe everyone should try to be strong at logic and have good reading habit. Because If you possess these two skills, no matter what difficult situation is, you will definitely find a perfect solution out of it. While logical ability gives you to understand complex problems and concepts quite easily, reading habit gives you an open mind and holistic approach to see much bigger picture.
So guys, I always try to explain any concept keeping these two points in my mind. So that you will never forget any more importantly get bored.
Last but not the least, I am finance enthusiast. Big fan of Warren buffet for long term focus investing approach. On the same side derivatives is the segment I possess expertise.
If you have any finacne related doubt, do reach me out.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Horngrens Accounting
ISBN: 978-0134674681
12th edition
Authors: Tracie L. Miller nobles, Brenda L. Mattison, Ella Mae Matsumura
Question Posted:
Students also viewed these Managerial Accounting questions
-
Refer to the data in Exercise E24- 17. Calculate each divisions RI. Interpret your results. Exercise E24-17 Net Sales Residential 520,000 Professiona ,020,000 Operating Income 64,320 158,760 Average...
-
Zachs, a national manufacturer of lawn- mowing and snow- blowing equipment, segments its business according to customer type: Professional and Residential. Assume the following divisional information...
-
Zula, a national manufacturer of lawn- mowing and snow- blowing equipment, segments its business according to customer type: Professional and Residential. Assume that the following divisional...
-
EFG Manufacturing, a private company, produces light bulbs. It has 100 employees. 15 of their employees have asked for short breaks during the workday for religious purposes. They have also asked for...
-
Use the result of Problem 4.52 to determine the capacitance for each of the following configurations: (a) Conducting plates are on top and bottom faces of rectangular structure in Fig. 4-35(a) (P4.53...
-
What are two DNA evidence resulting in wrongful conviction? What caused this? 2. How reliable is DNA evidence? 3. What problems does DNA evidence present? 4. Do you think DNA evidence is well...
-
Match each of the following items with its location in the accounting equation. Use the most detailed category appropriate: a. Assets b. Liabilities c. Stockholders' Equity d. Revenues e. Expenses -...
-
Analyzing the Effect of an Inventory Error Disclosed in an Actual Note to a Financial Statement Several years ago, the financial statements of Gibson Greeting Cards, now part of American Greetings,...
-
Question 1 Sofia Company manufactures a variety of electrical switches. The company is currently manufacturing all of its own components parts. An outsider supplier has offered to sell a switch to...
-
A non-angler, curious to know what counts as a good day of fishing (F) at the lake and puzzled by the phenomenon that it can sometimes be a good day even when no fish are caught, decides to create a...
-
Zims, a national manufacturer of lawn-mowing and snow-blowing equipment, segments its business according to customer type: professional and residential. The following divisional information was...
-
Willitte Pharmaceuticals manufactures an over-the-counter allergy medication. The company sells both large commercial containers of 1,000 capsules to health care facilities and travel packs of 20...
-
In Exercises, x and y are related by the given equation. Use implicit differentiation to calculate the value of dy/dx for the given values of x and y. x 2 y 2 = 9; x = 1, y = 3
-
Stakeholder theory is unique because it crosses over so many areas of business: the fields of business ethics, management and corporation law have all focused on stakeholder theory. While there is...
-
It was 1983 when Bernard J. (aka "Bernie") Ebbers founded Long Distance Discount Service (LDDS), a discount long-distance telephone company, \({ }^{148}\) Local legend has it that Mr. Ebbers, a...
-
Some years ago, when he was serving as the CEO for Motorola, before going on to become Kodak's CEO, George Fisher spoke to a group of our master's students from both engineering and business. One of...
-
The song set off a storm of protest from law enforcement groups. At the annual meeting of Time Warner at the Beverly Wilshire Hotel, 1,100 shareholders as well as police representatives and their...
-
Simultaneously, the federal government anticipated pushback from lenders who would point out that these were high-risk loans and required greater returns. However, lenders were evaluated for their...
-
What are some problems with using GDP as a measure of overall economic welfare?
-
Sheldon and Leonard had a million-dollar idea. In order to make it happen, they have to do special research first. Only Kripke can help them in this matter. But Kripke is known to be the first-class...
-
Robertson Garden Supplies, which uses a perpetual inventory system and the FIFO costing method, has these account balances at December 31, 2017, prior to releasing the financial statements for the...
-
Wire Solutions Company's income statement for the month ended August 31, 2017, reported the following data: Before the financial statements were released, it was discovered that the current net...
-
Provence Bakery reported sales revenue of $148,000 and cost of goods sold of $91,000. Compute Provence Bakery's correct gross margin if the company made each of the following independent accounting...
-
How would each leadership style ( transactional leadership and transformational leadership) approach communication with various stakeholders?
-
Explained the different type of leader -Great man -trait theory -skill theory -behavior theory -Contingency theory (situational) -Transformation transactional leadership -transactional leadership...
-
What effect will a corporation's emphasis on environmental responsibility have on its financial performance in both the short term and long term? Does this contradict the notation of maximizing the...
Study smarter with the SolutionInn App