10.A business segment that has responsibility for both revenues and expenses is called__________________

11. Suppose an office building is owned for which long-term leases have been signed, the tenants pay utilities and operating costs, and straight-line depreciation is taken. The rate of return on the book value of this investment can be expected to _____________________12. An advantage of centralization is ______________________13. ROI will decrease if ____________________14. Operating income is __________________Points

Warner Borg Is a leading global supplier of highly engineered automotive systems and components primarily for powertrain applications. The following note was contained in its recent annual report: NOTE 3.INVENTORIES, NET aN of December 31 (in millionsm) Current Year $ 321.7 Prior Year $ 282.0 Raw materials and supplies Work in progess Finished goods FIFO inventories 90.2 79.2 117.6 116.8 528.7 478.8 (16.5) $ 462.3 LIFO reserve (18.4) $ 510.3 Total inventories, net Required: 1. What amount of ending inventory would have been reported in the current year if Warner Borg had used only FIFO? (Enter your answer in millions rounded to 1 decimal place.) 2. The cost of goods sold reported by Warner Borg for the current year was $6,598.9 million. Determine the cost of goods sold that would have been reported if Warner Borg had used only FIFO for both years. (Enter your answer in millions rounded to 1 decimal place.) 3. To lower the cash outflows for taxes, which of the following should the…

13. Which of the following statements is true? a.The tangible capital asset turnover ratio assists managers in determining the estimated future capital expenditures that are needed. b.The average age of the tangible capital assets is computed by dividing accumulated depreciation by depreciation expense. c.If net sales increases, the tangible capital asset turnover ratio will decrease. d.A relatively low tangible capital asset turnover ratio signals that a company is efficiently using its assets.