Winston company has two regional divisions the east
Course:- Accounting Basics
Reference No.:- EM13601462

Assignment Help
Assignment Help >> Accounting Basics

Winston Company has two regional divisions: the East Division and the West Division. The Board of Directors has established a minimum rate of return of 15%. 1999 sales were $2,000,000 for the East Division and $8,000,000 for the West Division. East Division's 1999 operating income was $200,000 and average operating assets during 1999 were $1,000,000. West Division's 1999 operating income was $500,000 and average operating assets during 1999 were $4,000,000. Winston's top managers wish to fire either the manager of the East Department or the manager of the West Department.Prepare a schedule providing quantitative measures of the performance of the managers of the East Division and the West Division; interpret the terms used in your schedule; and recommend which manager should be fired.

Put your comment

Ask Question & Get Answers from Experts
Browse some more (Accounting Basics) Materials
Kate Greenway Corporation, having recently issued a $20 million, 15-year bond issue, is committed to make annual sinking fund deposits of $620,000. The deposits are made on
The text describes two different methods for accounting for investments in common stock. Describe each of the methods and the situations in which each method would be emplo
Payroll Tax Entries Allison Hardware Company's payroll for November 2010 is summarized below. At this point in the year some employees have already received wages in excess of
__________ is the process of determining which people will enter what occupations through tracking and placing select students in "ability groups" and "advanced" classes.
Given is the Research Plan. - Edit and improve on the Research Plan. - The purpose of this document is to provide insight into expectations for successful completion of Milest
Ethical Issues and Operations. Ethical behavior is a corporate issue that affects the company's bottom line. How do ethical issues impact organizations and operations? Inclu
Judd Harrison owns 200 shares of stock in the Widget Company for which he paid 1600 in 1999. The board of directors of the company decided to pay a 10% stock dividend in Apr
Compute cost of goods sold and the cost of ending inventory using FIFO. If required, round your answers to the nearest cent and Compute cost of goods sold and the cost of endi