Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses

Question:

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 $600,000. What is the return on investment for Division A?

a. 20%

b. 25%

c. 33%

d. 40%

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial And Managerial Accounting

ISBN: 9781337902663

15th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William B. Tayler

See More Books

Question Posted: Feb 07, 2024 06:31 AM

See More Questions

A condensed income statement for the Golf Division of Rewind Sports Inc. for the year ended December 31, 2012, is as follows: Assume that the Golf Division received no charges from service...
A condensed income statement for the Electronics Division of Fannie Industries Inc. for the year ended January 31, 2012, is as follows: Assume that the Electronics Division received no charges from...
A condensed income statement for the Water Sports Division of South Mountain Sports Inc. for the year ended January 31, 2010, is as follows: Sales $ 600,000 Cost of goods sold 236,000 Gross profit $...
In the Young's double slit experiment, interference fringes are formed using Na-light of 589 nm and 589.5 nm. Obtain the region on the screen where the fringe pattern will disappear. You may assume...
Consider the ozonolysis of trans-4, 5-dimethylcyclohexene having the configuration shown.
In the course of routine checking of all journal entries prior to preparing year-end reports, Ying Wang discovered several strange entries. She recalled that the presidents son Jun had come in to...
Discuss the occupational stereotypes that you hold about computer programmers, the clergy, truck drivers, bartenders, and bankers. How do you think these stereotypes have developed? Has an...
Presented below are the computed amounts of ratios for the Village of Elizabeth example appearing in the chapter. a. Using the financial statements provided in Illustrations 25 through 211, compute...
What is not typically a basic concern of a financial services customer? Where can I get the best return on savings? How can I minimize costs for checking services? Will I be able to borrow money when...
The materials used by the South Division of Eagle Company are currently purchased from outside suppliers at $30 per unit. These same materials are produced by Eagles North Division. Operating income...
Yummy Foods Company is a diversified company with three divisions organized as investment centers. Condensed data taken from the records of the three divisions for the year ended December 31 are as...
Suppose a large company makes 25,000 gadgets per year in batches of x items at a time. After analyzing setup costs to produce each batch and taking into account storage costs, it has been determined...
Define a relation R on Z as follows: for all integers m and n, m Rn4](m-n) a. Is 1 R 4? b. Is 1 R 1? c. Is 2 R-8? d. Is-8 R2 e. Is this relation reflexive? f. Is this relation symmetric? g. Is this...
A long telephone pole (wood density 0.80 kg/m3) is vertically lowered into a slightly larger vertical pipe which is filled with salt water of density 1.04 kg/m3. The pole ends up floating with what...
5. Evaluate H.dr For a contour C: (0,-1,0) 6. Evaluate H= (x+y)i + (log(sin(y))+z)j + zk (0, 1, 0) (0, 0, 1) (0,-1,0) (straight lines) G ndA G=sin(z)i +j+yzk over the 6 surface bounding the cuboid...
A gate is designed to open when the water surface reaches a distance of 0.800 m above the top of the gate. The face of the gate that is acted upon by the water pressure is a rectangle with width 1130...
Both attraction and repulsion can be exerted by forces: O a. gravitational and nuclear O b. electrical and magnetic O c. gravitational, electrical, and magnetic O d. gravitational, electrical,...
The following items are available from the records of Victor Corporation at the end of its fiscal year, July 31, 2010 Required Prepare a balance sheet. Accounts payable Accounts receivable Buildings...
A seasonal index may be less than one, equal to one, or greater than one. Explain what each of these values would mean.
For a recent year, the balance sheet for The Campbell Soup Company includes accrued expenses of $579 million. The income before taxes for The Campbell Soup Company for the year was $1,079 million. a....
Why do some accountants prepare an end-of-period spreadsheet?
Why do some accountants prepare an end-of-period spreadsheet?
From figure, the value of devices are R=1002C1=65 UFC2=100 HFC3=400 uF and C4=200 uF. It was found that at equilibrium, C3 contains charge of 2,000 HC, answer the following questions. c2 R C3 C1 C4...
1. A ten year old boy (26 kg) sits on a wheeled office chair (16 kg) holding a fire extinguisher (18 kg when empty). He points the discharge horn to the right and ejects all 9 kg of the carbon...
2. A container weighs 640 lb. The container will be used to drop supplies into a remote area. Assume the initial velocity of the container is zero as it is dropped from a plane. The container is...

Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses

Question:

Step by Step Answer:

a The return on investment for D...View the full answer

Financial And Managerial Accounting

Students also viewed these Business questions