A companys shipping division (an investment center) has sales of $ 2,420,000, net income of $ 516,000,
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 73% (15 reviews)
Profit margin 516000 2420000 ...View the full answer
Answered By
Fahmin Arakkal
Tutoring and Contributing expert question and answers to teachers and students.
Primarily oversees the Heat and Mass Transfer contents presented on websites and blogs.
Responsible for Creating, Editing, Updating all contents related Chemical Engineering in
latex language
4.40+
8+ Reviews
22+ Question Solved
Related Book For
Fundamental accounting principle
ISBN: 978-0078025587
21st edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
Question Posted:
Students also viewed these Managerial Accounting questions
-
If an investment center has a $90,000 controllable margin and $1,200,000 of sales, what average operating assets are needed to have a return on investment of 10%?
-
A companys shipping division (an investment center) has sales of $4,700,000, net income of $916,000, and average invested assets of $3,000,000. Compute the divisions profit margin and investment...
-
20) Task ABUAEF D GHID J For the following tasks Duration 5 7 2 +650 12 4 3 6 4 5 Predecessor ABCDE C G F.H H Successor BU C D.G EEH E F I H I H J Constraints B overlaps A by 3 days. 3 days...
-
H. Brown (Portsmouth) Ltd produces a range of central heating systems for sale to builders merchants. As a result of increasing demand for the businesss products, the directors have decided to expand...
-
Grande Hotel Limited (GHL) is expected to generate free cash flows of $500,000 next year. Free cash flow will increase at an annual rate of $250,000 for Years 2 to 4 after which it will stabilize at...
-
Adams Company makes a product that sells for $ 3 3 per unit. The company pays $ 1 9 per unit for the variable costs of the product and incurs annual fixed costs of $ 1 3 7 , 2 0 0 . Adams expects to...
-
For a random sample of 20 automobile models, we record the value of the model as a new car and the value after the car has been purchased and driven 10 miles. The difference between these two values...
-
Northern Communications has the following stockholders equity: Requirements 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common...
-
On August 1 , 2 0 2 2 , Colombo Company s treasurer signed a note promising to pay $ 1 2 2 , 1 0 0 on December 3 1 , 2 0 2 2 . The proceeds of the note were $ 1 1 5 , 8 0 0 . b . Calculate the...
-
Suppose that at the beginning of a year, the price of corn is $3.80 per bushel and 14 billion bushels are harvested. There are approximately 400,000 corn farmers, so the average output per farmer is...
-
Compute return on assets for each of the divisions below (each is an investment center). Comment on the relative performance of each investmentcenter. Investment Center Net Income Average Assets...
-
Fill in the blanks in the schedule below for two separate investment centers A and B. Round answers to the nearest wholepercent. Investment Center $10.400,000 $.400,000 Average invested assets Profit...
-
A thin, flat plate that is 0.2 m by 0.2 m on a side is oriented parallel to an atmospheric airstream having a velocity of 40 m/s. The air is at a temperature of T = 20C, while the plate is maintained...
-
Define organizational culture.
-
A(n) _____________ is a one- or two-sentence declarative statement about your career goals.
-
How do you handle conflict? Have you ever tried a unite approach? Why or why not?
-
Explain the foundations of Communication Privacy Management theory.
-
What do assimilation and socialization refer to?
-
It takes one molecule of NaOH to neutralize one molecule of HCl, but it takes two molecules of NaOH to neutralize one molecule of H 2 SO 4 . Explain why this is true.
-
How will relating product contribution margin s to the amount of the constrained resource they consume help a company maximize its profits?
-
Create a set of detail use-case descriptions for the dentists office system in exercise E. Exercise E Draw a use-case diagram and a set of activity diagrams for the following doctors office system....
-
BT Pool Cleaners began operations on January 1, 2013. The owner invested $10,000 during the first year and was able to withdraw cash of $42,000 after a successful first year. During 2014, the second...
-
On August 1, 2013, Bee Clean entered its second year of operations, providing housekeeping services to the elderly and disabled as well as doing small household repairs. On July 31, 2014, Bee...
-
The accounting records of I.eClaire Delivery Services show the following assets and liabilities as of the end of 2014 and 2013: During December 2014, the owner, Jess LeClaire, purchased a small...
-
Implement the definition of the function rotate ToLeft(), member of the DArray class, so that it rotates all the elements of the array object to the left by one position. Example: [6, 2, 5, 3] [2, 5,...
-
Write the definition of the of the function is Full() as a member function of the DArray class. The function returns true if the array is full, or false otherwise. Functions.cpp 1 #include "DArray.h"...
-
Write a program that will calculate the trajectory of a golf ball thrown with a velocity of 25.6 m/s at an angle of 0 = 35 relative to the horizontal, from a hill that is 2.1 meters above the ground...
Study smarter with the SolutionInn App