A company with average operating assets of $1,500,000 has the following income statement amounts: Sales $350,000...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A company with average operating assets of $1,500,000 has the following income statement amounts: Sales $350,000 Cost of goods sold 150,000 Gross profit 200,000 Variable costs 75,000 Contribution margin 125,000 Fixed costs: Controllable 25,000 Non controllable 30,000 Net income 70,000 The company's ROl is O 20.0% O 57.1% O 35.7% O 6.7% A company with average operating assets of $1,500,000 has the following income statement amounts: Sales $350,000 Cost of goods sold 150,000 Gross profit 200,000 Variable costs 75,000 Contribution margin 125,000 Fixed costs: Controllable 25,000 Non controllable 30,000 Net income 70,000 The company's ROl is O 20.0% O 57.1% O 35.7% O 6.7%
Expert Answer:
Answer rating: 100% (QA)
Average operating assets of Company 1500000 Profit c... View the full answer
Related Book For
Contemporary Financial Management
ISBN: 978-1285198842
13th edition
Authors: R. Charles Moyer, James R. McGuigan, Ramesh P. Rao
Posted Date:
Students also viewed these accounting questions
-
The Alexander Company reported the following income statement for 2013: Assume that all depreciation and 75 percent of the firm's selling, general, and administrative expenses are fixed costs and...
-
The following income statement data (in thousands) for Dell Inc. and Gateway, Inc., were taken from their recent annual reports: (a) Prepare a vertical analysis of the income statement for Dell.(b)...
-
The following income statement items, arranged in alphabetical order, are taken from the records of Shaw Corporation for the year ended December 31, 2010: Required 1. Prepare a single-step income...
-
(a) ABC is a company that manufactures computer desk. The total costs (in RM'000) when x units of computer desk are produced is given by C(x) = 12x 3 - 198x 2 + 1080x Find the level of x that the...
-
Outlaw Realty, organized August 1, Year 1, is owned and operated by Julie Baxter. How many errors can you find in the following financial statements for Outlaw Realty, prepared after its first month...
-
Explain the purpose of a schedule of accounts receivable or accounts payable.
-
Calculations Beck Company has just billed a customer for \(\$ 1,400\), an amount that includes an eight percent excise tax and a four percent state sales tax. a. What amount of revenue is recorded?...
-
EasyWriter manufactures an erasable ballpoint pen, which sells for $1.75 per unit. Management recently finished analyzing the results of the companys operations for the current month. At a break-even...
-
Why exercise? A . Assess core capabilities B . Evaluate potential job candidates C . Identify critical tasks D . Showcase response time
-
Based on Figure 1-6 in the text, draw a diagram of functional segments for a manufacturer ofdiversified products. The general characteristics of the firm are as follows: a. The organization produces...
-
Calculate the available-to-promise row in the following matrix. Period On-Hand = 100 1 2 3 4 5 6 Forecast 50 100 50 100 50 100 Customer Orders 50 125 75 175 45 15 Master Production Schedule 200 200...
-
[HW6] A rod of mass m is being pulled by a force F such that it is sliding with a constant speed, as shown in the figure, on two parallel frictionless conducting rails a distance L apart. There is a...
-
Calculate the wavelength of moving particles using de Broglie's equation. Calculate the wavelength of: a.) an alpha particle (6.7010-27 kg) moving at a speed of 1.52107 m/s (34000000 miles per hour)....
-
a. What are the three components of attitudes? b.. What are three outcomes of job satisfaction? c. How are emotions different from moods? d. What is emotional intelligence? Question 3: Explain the...
-
1. The electric field in a bounded region is given by E(r) = k(y + z x2) where k is a constant. (a) Find the charge density in the region. X (b) Does E(r) represent an electrostatic field? Justify...
-
For point charge -5.7 C and point charge 2.3 C located at the same positions as in the previous question, (+5.0, 0.0) and (0.0, +4.0) respectively, determine the direction of the net electric field E...
-
What information should you include in your report to the hospital? A. Your estimated time of arrival B. The patients full name and date of birth C. The address of the location you are coming from D....
-
Answer the following two independent questions. a. MM Corporation is considering several proposed investments for the coming budget year. MM produces electrical apparatus for industrial complexes....
-
Determine the monthly rate of interest that will yield an effective annual rate of interest of 12 percent.
-
In 2012, Kodak declared bankruptcy. How can you reconcile a bankruptcy declaration with a management pledged to maximize shareholder wealth?
-
The bonds of Columbia Gas paid no interest in 1993 because the firm had declared bankruptcy. One issue of these bonds, the 8 percent coupon bonds due in 1996, was selling at 109 percent of par value,...
-
Determine the total estimated cost at completion and estimated cost to complete for the project in Problem 13, assuming the CPI remains the same through the remainder of the job. Data From Problem...
-
Create a cost-loaded spreadsheet like the one shown in Figure 7-5 . The spreadsheet should handle 12 weeks and 20 tasks. Data From Figure 7-5 Task Mobilization Cost Start Finish Week 1 Week 2 Week 3...
-
The following selected ledger accounts of the Lakewood Manufacturing Company are for May (the fifth month of its accounting year): Required a. Determine the amount of indirect materials requisitioned...
Study smarter with the SolutionInn App