Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The manager of Healthy Snack Division of Mulchan Industries is evaluated on her division's return on investment and residual income. The company requires that all divisions generate a minimum return on invested assets of 8 percent. Consistent failure to achieve this minimum target is grounds for the dismissal of a division manager. The annual cash bonus paid to division managers is 1 percent of residual income in excess of $100,000. The Snack Division's operating margin for the year was $9,006,000, during which time its average invested capital was $63,200,000.
Compute the Snack Division's return on investment and residual income. (Round ROI answer to 2 decimal places.
Will the manager of the Snack Division receive a bonus for her performance? If so, how much will it be?
In reporting her investment center%u2019s performance for the past 10 years, the manager of the Snack Division accounted for the depreciation of her division%u2019s assets by using an accelerated depreciation method allowed for tax purposes. As a result, virtually all of the assets under her control are fully depreciated. Given that the company%u2019s other division managers use straight-line depreciation, is her use of an accelerated method ethical? Defend your answer.
The use of will increase the division manager's current ROI and RI for two reasons: 1) her operating earnings margin will as annual depreciation expense decreases, and 2) the average asset base of her investment center will as its assets become fully depreciated. Thus, the use of accelerated depreciation over time will inflate her division's ROI and RI. Given that her bonus is based on RI, she will receive a larger bonus using accelerated depreciation than she would using the straight-line depreciation method.
What were the equivalent units for conversion costs for February if the beginning inventory was 70% complete as to conversion costs and the ending inventory was 40% complete as to conversion costs?
After reviewing Mr. Donaldson's accounting information, you are about to write a business memo to Mr. Donaldson. In the memo, you should compare cash-based operating cash flows with accrual-based net income and explain why it is of Mr. Donaldso..
Determine the amount of product cost Erie would allocate to cost of goods sold and ending inventory assuming that Erie uses (a) FIFO, (b) LIFO, and (c) weighted average.
at present no berwick employees have auditing experience. to staff its new internal audit function berwick could train
the following information relates to aires corporation for 2010 and 2009 aires corporation comparative balance sheets
the controller of harrington company estimates sales and production for the first four months of 2012 as
in early january burger mania acquired 100 of the common stock of the crispy taco restaurant chain. the purchase price
ORPORATE GOVERNANCE And ACCOUNTABILITY.
growth rates. find the sustainable and internal growth rates for a firm with the following ratiosasset turnover is 1.40
On January 1, 2008, Dexter, Inc. signs a 10-year noncancelable lease agreement to lease a storage building from Garr Warehouse Company. What is the amount of the minimum annual lease payment?
Amsterdam Company uses a periodic inventory system. For April, when the company sold 600 units - Compute the April 30 inventory and the April cost of goods sold using the average cost method.
Discuss statement and conclude on the extent to which you agree with it. Use examples to illustrate your answer.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd