Leete Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,660,000Contribution margin 4,340,000Fixed expenses 2,940,000Net operating income$ 1,400,000Last year's margin was closest to:
Which of the following will increase a company's manufacturing cycle efficiency (MCE)? Decrease in Inspection TimeDecrease in Queue TimeA)YesYesB)YesNoC)NoYesD)NoNo
Tadman Inc. reported the following results from last year's operations: Sales$8,400,000Variable expenses 5,120,000Contribution margin 3,280,000Fixed expenses 2,944,000Net operating income$ 336,000At the beginning of this year, the company has a $800,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $756,000, and a contribution margin ratio of 30% of sales.If the company pursues the investment opportunity and otherwise performs the same as last year, the combined margin for the entire company will be closest to:
Youns Inc. reported the following results from last year's operations: Sales$10,500,000Variable expenses 6,610,000Contribution margin 3,890,000Fixed expenses 3,260,000Net operating income$630,000The company's average operating assets were $5,000,000.At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales.If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:
A balanced scorecard contains both customer and internal business process performance measures because improvements in internal business process should result in improvements in customer satisfaction.
The shipping clerk compares each line on the shipping document to the items to be shipped, called ______________________________, to ensure that the shipment is accurate.
A balanced scorecard consists of a report showing a performance measure such as ROI or residual income for all of the divisions in a company that generate profits.
Verbeke Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 3,890,000Contribution margin 2,410,000Fixed expenses 2,032,000Net operating income$ 378,000Average operating assets$3,000,000Last year's turnover was closest to:
Parsa Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,500,000Contribution margin 4,500,000Fixed expenses 3,800,000Net operating income$ 700,000Average operating assets$7,000,000At the beginning of this year, the company has a $1,100,000 investment opportunity with the following characteristics: Sales$1,980,000 Contribution margin ratio 40% of salesFixed expenses$653,400 Last year's return on investment (ROI) was closest to:
Beery Inc. reported the following results from last year's operations: Sales$11,400,000Variable expenses 8,180,000Contribution margin 3,220,000Fixed expenses 2,422,000Net operating income$ 798,000Average operating assets$6,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$2,880,000 Contribution margin ratio 30% of salesFixed expenses$720,000 The company's minimum required rate of return is 12%. If the company pursues the investment opportunity, this year's combined residual income for the entire company will be closest to:
A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include:
The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales$750,000Net operating income$45,000Average operating assets$250,000Stockholders' equity$75,000Residual income$15,000For the past year, the minimum required rate of return was:
Weafer Inc. reported the following results from last year's operations: Sales$14,000,000Variable expenses 9,560,000Contribution margin 4,440,000Fixed expenses 3,740,000Net operating income$ 700,000Average operating assets$7,000,000Last year's return on investment (ROI) was closest to:
The Millard Division's operating data for the past two years are provided below: Year 1Year 2Return on investment 12% 36%Net operating income ? $360,000 Turnover ? 3 Margin ? ? Sales$3,200,000 ? Millard Division's margin in Year 2 was 150% of the margin in Year 1.The average operating assets for Year 2 were:
Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$36,480,000 Net operating income$2,808,960 Average operating assets$8,000,000 The company's minimum required rate of return 16%The division's margin used to compute ROI is closest to:
Serie Inc. reported the following results from last year's operations: Sales$16,800,000Variable expenses 10,640,000Contribution margin 6,160,000Fixed expenses 5,488,000Net operating income$ 672,000Average operating assets$7,000,000At the beginning of this year, the company has a $2,100,000 investment opportunity with the following characteristics: Sales$2,520,000 Contribution margin ratio 50% of salesFixed expenses$1,108,800 The margin for this year's investment opportunity considered alone is closest to:
A study has been conducted to determine if Product A should be dropped. Sales of the product total $500,000; variable expenses total $340,000. Fixed expenses charged to the product total $210,000. The company estimates that $60,000 of these fixed expenses are not avoidable even if the product is dropped. If Product A is dropped, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
Lindsey owns and actively manages an apartment complex. This year, the complex generated a $40,300 net loss. If Lindsey's AGI before considering this loss is $118,200 and she owns no other passive activities, how much of the loss is deductible this year?
The following data pertains to Timmins Company's operations last year:Return on investment (ROI)20%Sales$800,000Margin5%Minimum required rate of return16%Required:a. Compute the company's average operating assets.b. Compute the company's residual income for the year.
Activity in Saggers Corporation's Assembly Department for the month of March follows: Percent Complete UnitsMaterialsConversionWork-in-process inventory, March 16,00060%45%Started into production during March65,000 Work-in-process inventory, March 314,00035%20%The equivalent units for materials for March, using the weighted-average method, are: