Question 29 The current controllable margin for Henry Division is $93,000. Its current operating assets are $300,000. The division is considering purchasing equipment for $90,000 that will increase annual controllable margin by an estimated $15,000. If the equipment is purchased, what will happen to the return on investment for Henry Division? Answer A decrease of 3.3% A decrease of 7.2% decrease of 13.3% An increase of 16.1%

Question 30 The budget that is often considered to be the most important financial budget is the Answer budgeted income statement. capital expenditure budget. cash budget. budgeted balance sheet. Question 23 If return on investment is 15% and average operating assets amounts to $2,000,000, what is the controllable margin amount? Answer $300,000 $325,000. $375,000. $425,000. NONE OF THESE

Question 20 Munson Company reported the following information for 2011: October November December Budgeted sales $930,000 $870,000 $1,080,000