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The manager of Healthy Snack Division of Fairfax 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 $6.5 million, during which time its average invested capital was $50 million. a.Compute the Snack Division's return on investment and residual income. (Enter your Residual income answer in millions. Omit the "$" & "%" signs in your response.) Return on investment % Residual income $ million b.Will the manager of the Snack Division receive a bonus for her performance? If so, how much will it be? (Omit the "$" sign in your response.)
Audrey, age 38 and single, earns a salary of $59,000. She has interest income of $1,600 and has a $2,000 long-term capital loss from the sale of a stock investment. Audrey incurs the following employment-related expenses during the year:
jackson companys static budget for variable overhead and fixed overhead revealed the following information for 25000
doherty inc. is authorized to issue 1000000 shares of 1 par value common stock and 400000 shares of 100 par preferred
Donated equipment for which the fair value has been determined should be recorded as a debit to the appropriate equipment account and a credit to:
Using the activity-based costing approach, determine the overhead cost per unit for each product. Prepare a Schedule of Expected Cash Collections for November and December. Prepare a Merchandise Purchases Budget for November and December.
chattanooga company purchased a depreciable asset for 80000 on january 1 2012.the estimated salvage value is 20000 and
Assume the CFO of your organization approaches you to ask your advice about implementing the Balanced Scorecard at your organization.
on july 1 2012 selig company purchased for cash 40 of the outstanding capital stock of spoor corporation. both selig
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plants galre operates a commercial plant nursery where it propagates plants for garden centers throughout the region.
Beige Company has approximately $400,000 in net income in 2008 before deducting any compensation or other payment to its sole owner, Janet (who is single). Assume that Janet is in the 35% marginal tax bracket. Discuss the tax aspects of each of th..
Compute the amount of Coaches and Carriages' net income (or loss) for 2009 assuming that no dividends were paid and the owners made no additional contributions during the year.
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