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The contribution format income statement for Strickland, Inc., for its most recent period is given below:
The company had average operating assets of $503,000 during the period.
Compute the company's return on investment (ROI) for the period using the ROI formula stated in terms of margin and turnover. (Round your intermediate calculations and final answer to 2 decimal places.)
For each of the following questions, indicate whether the margin and turnover will increase, decrease, or remain unchanged as a result of the events described, and then compute the new ROI figure. Consider each question separately, starting in each case from the original ROI computed in (1) above.
The company achieves a cost savings of $6,000 per period by using less costly materials. (Round your intermediate calculations and final answers to 2 decimal places.)
Using Lean Production, the company is able to reduce the average level of inventory by $91,000. (The released funds are used to pay off bank loans.) (Round your intermediate calculations and final answers to 2 decimal places.)
Sales are increased by $198,000; operating assets remain unchanged. (Round your intermediate calculations and final answers to 2 decimal places.)
The company issues bonds and uses the proceeds to purchase $128,000 in machinery and equipment at the beginning of the period. Interest on the bonds is $14,000 per period. Sales remain unchanged. The new, more efficient equipment reduces production costs by $5,000 per period. (Round your intermediate calculations and final answers to 2 decimal places.)
Obsolete inventory carried on the books at a cost of $17,000 is scrapped and written off as a loss.(Round your intermediate calculations and final answers to 2 decimal places.)
If the president is right, what will be the effect on the company's monthly net operating income or loss? Using the incremental approach in perparing the answer?
acne company had the following information for the year direct material used- 110000direct labor incurred 5000 hours -
Indicate which of the following costs should be expensed when incurred.
You want to purchase a corporate bond that is being issuedtoday by ACME Corp. The terms of the bond are shown below:
On January 1, 2009, Boston Company purchased a heavy duty machine having an invoice price of $13,000; Boston paid transportation and installation costs totaling $3,000.
spring garden flowers had the following balances at december 31 2011 before the year-end adjustmentsaccounts receivable
when comparing various divisions within a company describe what problems can arise from evaluating divisions that have
Snyder, Inc., which has excess capacity, received a special order for 4,000 units at a price of $15 per unit. Currently, production and sales are anticipated to be 10,000 units without considering the special order. Budget information for the curr..
Trade credit discount. Compute the annual approximate interest cost of not taking a discount using the following scenarios.
superstrut is considering replacing an old press that cost 80000 six years ago with a new one that would cost 245000.
Compare and contrast an income statement and a balance sheet. What do they measure? Why would a marketing manager find the income statement more useful than the balance sheet?
How do the calculation and comparison to previous years of the gross margin percentage and the ratio of accounts receivable to sales are related to the conformation of accounts receivable and other tests of the accuracy of accounts receivable?
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