Adams Cough Drops operates two divisions. The following information pertains to each division for Year 1. \table[[, Division A, Division B], [Sales, $203,000, $78,000
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![Adams Cough Drops operates two divisions. The following information pertains to each
division for Year 1. \table[[, Division A, Division B], [Sales, $203,000, $78,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fadcb027d-732c-486e-b0c8-f9f0ef7820b1%2Fbb00acdf-dc2a-477d-b790-65f6bbca4595%2F0fv5tj7_processed.png&w=3840&q=75)
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- Luke Company has three divisions: Peak, View, and Grand. The company has a hurdle rate of 6.01 percent. Selected operating data for the three divisions follow: Peak View Grand Sales revenue 333,000 $ 233,000 $ 110,000 38,000 960, 000 303,000 201,000 Cost of goods sold Miscellaneous operating expenses Average invested assets 200,000 39,000 1,210,000 32,000 1,035,000 Required: 1. Compute the return on investment for each division. 2. Compute the residual income for each division. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the return on investment for each division. (Enter your ROI answers as a percentage rounded to two decimal places, (i.e., 0.1234 should be entered as 12.34%.)) Peak View Grand Return on Investment % %Using the data below for the Ace Guitar Company: A Region B Region Sales $560,000 $840,000 Cost of goods sold 212,800 319,200 Selling expenses 134,400 201,600 Support department expenses: Purchasing $235,200 Payroll accounting 156,800 Allocate support department expenses proportional to the sales of each region. Determine the divisional operating income for the A and B regions. For interim calculations, round percentages to two decimal places and all other amounts to the nearest whole dollar. A Region Operating Income $fill in the blank 1 B Region Operating IncomeUsing the data below for the Ace Guitar Company: A Region B Region Sales $638,000 $522,000 Cost of goods sold 242,400 198,400 Selling expenses 153,100 125,300 Service department expenses Purchasing $194,900 Payroll accounting 129,900 Allocate service department expenses proportional to the sales of each region. Determine the divisional income from operations for the A and B regions. For interim calculations, round percentages to one decimal place. a) A Region b) B Region
- Terra Company has two divisions, the Retail Division and the Wholesale Division. The following information was gathered for the two divisions for the current year: Retail Division Wholesale Division Operating income $ 7,500,000 $ 4,000,000 Operating assets $ 37,500,000 $ 17,500,000 Assuming that these are the only divisions of Terra Company, what is the ROI for the company as a whole? Multiple Choice 20.00% 20.91% 22.86% 42.86%Media Marketing Specialists operates in three geographic segments: New England, Southeast, and Midwest. Their most recent fiscal year ended in December, 2020. The company had $235,000 of common fixed expenses. Using the following information, prepare a segmented income statement by segment and in total for the company: New England: sales $112,000, traceable fixed expenses are 29% of sales Southeast: sales $208,000, traceable fixed expenses are 48% of sales Midwest: sales $185,000, traceable fixed expenses are 32% of salesGiardin Outdoors is a recreational goods retailer with two divisions: Online and Stores. The two divisions both use the services of the corporate Finance and Accounting (F and A) Department. Annual costs of the F and A Department total $5.245 million a year. Managers in the two operating divisions are measured based on division operating profits. The following selected data are available for the two operating divisions: Online Stores Required A Revenues ($000) Required: a. What is the F and A cost that is charged to each division if divisional revenues are used as the allocation basis? b. What is the F and A cost that is charged to each division if the the number of transactions is used as the allocation basis? $ 75,900 41,700 Complete this question by entering your answers in the tabs below. Division Online Stores Transactions (000) 1,516.5 508.5 Required B What is the F and A cost that is charged to each division if divisional revenues are used as the allocation basis? Note: Do not…
- [The following information applies to the questions displayed below.] A food manufacturer reports the following for two of its divisions for a recent year. Beverage Cheese ($ millions) Division Division Invested assets, beginning Invested assets, ending $2,676 2,600 2,688 $4,469 4,407 3,932 641 Sales Operating income 356 Assume that each of the company's divisions has a required rate of return of 7%. Compute residual income for each division. (Enter your answers in millions.) ($ millions) Beverage Cheese Targeted return Target income Residual Income Beverage Cheese Residual incomeThe following partial financial information (in thousands of dollars) is available for Thole, Incorporated: Corporate overhead costs at Thole are allocated to divisions based on relative sales. Required: a. Complete the income statements for both divisions and the corporation as a whole. Note: Enter your answers in thousands. Enter all values as positive value. Round your answers to 1 decimal place. Sales Cost of sales Gross margin Selling, General and Administrative Allocated corporate costs Operating income Tax expense (@20%) After-tax income Gross margin percentage Operating margin Profit margin Pacific 20.0 (Thousands of Dollars) Southern 40.00% 20.00 % 16.00 % 50.00 % 36.00 % 28.80 % $ Total 100.0 852.8 48.00 % 32.80% 26.24 %For 20Y2, Tri-Comic Company initiated a sales promotion campaigns that included the expenditure of an additional $50,000for advertising. At the end of the year Lumi Neer, the president, is presented with the following condensed comparativeincome statement: please fill the table
- Low Carb Diet Supplement Inc. has two divisions. Division A has a profit of $176,000 on sales of $2,490,000. Division B is able to make only $25,800 on sales of $451,000. a. Compute the profit margins (return on sales) for each division. (Input your answers as a percent rounded to 2 decimal places.) Division A Division B Profit Margin % 96 %Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: + Sales Net operating income $17,950,000 $1,005,200 Average operating assets $4,890,000 The division's margin is closest to: A. 20.6% B. 5.6% C. 21.8% D. 27.4%Allard, Inc., presented two years of data for its Frozen Foods Division and its Canned Foods Division. Frozen Foods Division: Year 1 Year 2 Sales $34,850,000 $37,540,000 Operating income 1,359,150 1,464,060 Average operating assets 10,000,000 10,000,000 Canned Foods Division: Year 1 Year 2 Sales $11,270,000 $11,837,800 Operating income 540,960 449,836 Average operating assets 5,000,000 5,000,000 Required: Round the ROI and margin percentages to two decimal places (for example, enter the decimal .10555 as "10.56" percent). Round the turnover ratio to two decimal places. 1. Compute the ROI and the margin and turnover ratios for each year for the Frozen Foods Division. Frozen Foods Division ROI Margin Turnover Year 1 fill in the blank 1 % fill in the blank 2 % fill in the blank 3 Year 2 fill in the blank 4 % fill in the blank 5 % fill in the blank 6 2. Compute the ROI and the margin and turnover ratios for each year for the Canned…
