Homework Answers
Calculate average operating asets :
Average operating assets = 480000*100/25 = 1920000
Average operaationg assets = 1920000
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ultiple Choice Question 134 The Fulmar Division of Sheffield Corp. had an ROI of 25% when...
Multiple Choice Question 156 Sheffield Corp. had actual sales of $1200000 when break-even sales were $960000....
Multiple Choice Question 156 Sheffield Corp. had actual sales of $1200000 when break-even sales were $960000. What is the margin of safety ratio? 25% 20% Ο Ο Ο 75% O 80%
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is...
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is appropriate for fixed costs, but not variable costs. it is adaptable to changes in operating conditions it can be prepared for individual budgets in the Master Budget all of the above are advantages of a flexible budget Question 4 1pts An investment center manager would most likely have his/her performance evaluation based on: return on investment controllable margin. how well he/she was able to...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
2. Gabbe Industries is a division of a major corporation. Last year the division had total...
2.
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $19,293,750, net operating income of $2,267,016, and average operating assets of $8,575,000. The company's minimum required rate of return is 20% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer...
Multiple Choice Question 86 Sheffield Corp. produces flash drives for computers, which it sells for $25...
Multiple Choice Question 86 Sheffield Corp. produces flash drives for computers, which it sells for $25 each. Each flash drive costs $12 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? . 5296 60% 56% Click if you would like to Show Work for this question: Qren Show Work
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the...
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the contribution margin per unit is $60. What is the break-even point? O O $450000 sales dollars $250000 sales dollars 25000 units 4500 units Question Attempts:
Unit 5 Lab--Principles of Accounting II Exercise 25-17 The South Division of Swifty Company reported the...
Unit 5 Lab--Principles of Accounting II
Exercise 25-17
The South Division of Swifty Company reported the following data
for the current year.
Sales $2,950,000
Variable costs 1,947,000
Controllable fixed costs 605,000
Average operating assets 5,000,000
Top management is unhappy with the investment center’s return on
investment (ROI). It asks the manager of the South Division to
submit plans to improve ROI in the next year. The manager believes
it is feasible to consider the following independent courses of
action.
1....
Question 23 (2 points) The Slow Division of Turtle Corporation has the following annual data. Sales...
Question 23 (2 points) The Slow Division of Turtle Corporation has the following annual data. Sales - $1,000,000 Contribution margin - $200,000 Controllable fixed costs - $120,000 Average total operating assets - $400,000 How much is the ROI for the year? 15% 20% O 30% O 50%
Do It! Review 10-4 The service division of Raney Industries reported the following results for 2020....
Do It! Review 10-4 The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs Average operating assets $477,000 286,200 65,400 627,000 Management is considering the following independent courses of action in 2021 in order to maximize the return on investment for this division. 1. Reduce average operating assets by $104,500, with no change in controllable margin. 2. Increase sales $97,185, with no change in the contribution margin percentage. Compute the controllable margin...
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated...
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Swifty Corporation is 36000. Its current operating assets total $210000. The division is considering purchasing equipment for $40000 that will increase sales by an estimated $14000, with annual depreciation of $14000. If the equipment is purchased, what will happen to the return on investment for the division? O A decrease of 2.7%...
Multiple Choice Question 156 Sheffield Corp. had actual sales of $1200000 when break-even sales were $960000. What is the margin of safety ratio? 25% 20% Ο Ο Ο 75% O 80%
Question 3 1 pts Advantages of a flexible budget include all of these, EXCEPT: it is appropriate for fixed costs, but not variable costs. it is adaptable to changes in operating conditions it can be prepared for individual budgets in the Master Budget all of the above are advantages of a flexible budget Question 4 1pts An investment center manager would most likely have his/her performance evaluation based on: return on investment controllable margin. how well he/she was able to...
Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43% O 20%. Question Attempts: Multiple Choice Question 44 For Sheffield Corp., sales is $700000, variable expenses are $301000, and fixed expenses are $140000. Sheffield's contribution margin ratio is O 37%. O 57%. 43%. 20% Question Attempts:
2.
Gabbe Industries is a division of a major corporation. Last year the division had total sales of $19,293,750, net operating income of $2,267,016, and average operating assets of $8,575,000. The company's minimum required rate of return is 20% Required: a. What is the division's margin? (Round your percentage answer to 2 decimal places.) b. What is the division's turnover? (Round your answer to 2 decimal places.) c. What is the division's return on investment (ROI)? (Round percentage your answer...
Multiple Choice Question 86 Sheffield Corp. produces flash drives for computers, which it sells for $25 each. Each flash drive costs $12 of variable costs to make. During April, 1000 drives were sold. Fixed costs for April were $1000. How much is the contribution margin ratio? . 5296 60% 56% Click if you would like to Show Work for this question: Qren Show Work
Multiple Choice Question 45 For Sheffield Corp., sales is $1500000, fixed expenses are $270000, and the contribution margin per unit is $60. What is the break-even point? O O $450000 sales dollars $250000 sales dollars 25000 units 4500 units Question Attempts:
Unit 5 Lab--Principles of Accounting II
Exercise 25-17
The South Division of Swifty Company reported the following data
for the current year.
Sales $2,950,000
Variable costs 1,947,000
Controllable fixed costs 605,000
Average operating assets 5,000,000
Top management is unhappy with the investment center’s return on
investment (ROI). It asks the manager of the South Division to
submit plans to improve ROI in the next year. The manager believes
it is feasible to consider the following independent courses of
action.
1....
Question 23 (2 points) The Slow Division of Turtle Corporation has the following annual data. Sales - $1,000,000 Contribution margin - $200,000 Controllable fixed costs - $120,000 Average total operating assets - $400,000 How much is the ROI for the year? 15% 20% O 30% O 50%
Do It! Review 10-4 The service division of Raney Industries reported the following results for 2020. Sales Variable costs Controllable fixed costs Average operating assets $477,000 286,200 65,400 627,000 Management is considering the following independent courses of action in 2021 in order to maximize the return on investment for this division. 1. Reduce average operating assets by $104,500, with no change in controllable margin. 2. Increase sales $97,185, with no change in the contribution margin percentage. Compute the controllable margin...
Multiple Choice Question 132 Betsy Union is the Swifty Corporation manager and her performance is evaluated by executive management based on Division ROI. The current controllable margin for Swifty Corporation is 36000. Its current operating assets total $210000. The division is considering purchasing equipment for $40000 that will increase sales by an estimated $14000, with annual depreciation of $14000. If the equipment is purchased, what will happen to the return on investment for the division? O A decrease of 2.7%...
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