XYZ Company has two divisions, A and B. Information for each division is as follows:ANet earnings for divisionP 40,000P 260,000Asset base for divisionP100,000P1,200,000Target rate of return15%18%Margin10%20%Weighted average cost of capital12%12%What is the operating asset turnover for A?1. 0.152.0.103.4.004. 2.500 1O 2O 3O 4

Solution: Sales for Division A = Net earnings of A / Margin % = 40000/ 10% = 400,000

Answered: P 40,000 P100,000 15% 10% 12%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Use the table below to calculate the tax owed. Round to the nearest cent. single man with a taxable income of $32,000 and a $1,000 tax credit. Single Tax Rate 10% 15% 25% 28% up to $9275 $9276 to $37,650 $37,651 to $91,150 A. $4,650.00 OB. $3,336.25 OC. $4,336.25 D. $2,247.50 $91,151 to +1nn 1CA Married Filing Separately up to $9275 $9276 to $37,650 $37,651 to $75.,950 $76,951 to (11C 75C Married Filing Jointly up to $13,550 $18,551 to $75,300 $75,301 to $151,900 $151,901 to 0001 CA Head of Household up to $13,250 $13,251 to $50,400 $50,401 to $130,150 $130,151 to 10 onn Calculate the tax owed by a single man with a taxable income of $32,000 and a $1,000 tax credit.
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