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1 year ago

Ivisional income statements and return on investment analysis

Mathematics

1 answer:

tensa zangetsu [6.8K]1 year ago

4 0

The condensed divisional income statements for the three divisions is: $1,159,200, $268,800, $820,800.

<h3>Condensed divisional income statements </h3>

E.F. Lynch Company

Divisional Income Statements For the Year Ended June 30, 20Y8

Mutual Fund Electronic Brokerage Investment Banking Division

Fee revenue $4,140,000 $3,360,000 $4,560,000

Operating expenses $2,980,800 3,091,200 $3,739,200

Operating income $1,159,200, $268,800, $820,800

2. Profit margin, investment turnover, and return on investment

Mutual Fund Electronic Brokerage Investment Banking Division

Sales $4,140,000 $3,360,000 $4,560,000

Invested assets $5,175,000 $1,120,000 $3,800,000

Operating income $1,159,200, $268,800, $820,800

Margin and Turnover

Margin= Net operating income/Net sales

Mutual Fund Electronic Brokerage Investment Banking Division

Operating income $1,159,200 $268,800 $820,800

Sales $4,140,000 $3,360,000 $4,560,000

Margin 28% 8% 18%

Asset turnover ratio=Net sales/Average operating assets

Mutual Fund Electronic Brokerage Investment Banking Division

Sales $4,140,000 $3,360,000 $4,560,000

Invested Assets $5,175,000 $1,120,000 $3,800,000

Turnover 0.8 3 1.2

Return on investment (ROI)=Margin×Assets turnover

Mutual Fund Electronic Brokerage Investment Banking Division

Margin 28% 8% 18%

Assets turnover 0.8 3 1.2

RO1 22.4% 24% 21.6%

Summary:

Division Profit Margin Investment Turnover ROI

Mutual Fund Division 28% 0.8 22.4%

Electronic Brokerage Division 8% 3 24%

Investment Banking Division 18% 1.2 21.6%

3. When faced with limited funds for expansion, management should consider an expansion of the Electronic Brokerage Division first.

Therefore the condensed divisional income statements for the three divisions is: $1,159,200, $268,800, $820,800.

Learn more about condensed divisional income statements here:brainly.com/question/20350980

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The mean preparation fee H&R Block charged retail customers in 2012 was $183 (The Wall Street Journal, March 7, 2012). Use t

astraxan [27]

Answer:

a)0.6192

b)0.7422

c)0.8904

d)at least 151 sample is needed for 95% probability that sample mean falls within 8$ of the population mean.

Step-by-step explanation:

Let z(p) be the z-statistic of the probability that the mean price for a sample is within the margin of error. Then

z(p)= $\frac{ME*\sqrt{N}}{s }$ where

Me is the margin of error from the mean

s is the standard deviation of the population

N is the sample size

z(p)= $\frac{8*\sqrt{30}}{50 }$ ≈ 0.8764

by looking z-table corresponding p value is 1-0.3808=0.6192

z(p)= $\frac{8*\sqrt{50}}{50 }$ ≈ 1.1314

by looking z-table corresponding p value is 1-0.2578=0.7422

z(p)= $\frac{8*\sqrt{100}}{50 }$ ≈ 1.6

by looking z-table corresponding p value is 1-0.1096=0.8904

Minimum required sample size for 0.95 probability is

N≥ $(\frac{z*s}{ME} )^2$ where

N is the sample size

z is the corresponding z-score in 95% probability (1.96)

s is the standard deviation (50)

ME is the margin of error (8)

then N≥ $(\frac{1.96*50}{8} )^2$ ≈150.6

Thus at least 151 sample is needed for 95% probability that sample mean falls within 8$ of the population mean.

7 0

3 years ago

Hey, I need help with questions 1 and 2, if anyone can help, please? thanks!

Eva8 [605]

The correct works are:

$Blue(s + h) = 2s^2 + 4sh + 2h^2 + 3$ .
$\frac{Blue(s + h) - Blue(s)}{h} = 4s + 2h$

<h3>Function Notation</h3>

The function is given as:

$Blue(s) = 2s^2 + 3$

The interpretation when Steven is asked to calculate Blue(s + h) is that:

Steven is asked to find the output of the function Blue, when the input is s + h

So, we have:

$Blue(s + h) = 2(s + h)^2 + 3$

Evaluate the exponent

$Blue(s + h) = 2(s^2 + 2sh + h^2) + 3$

Expand the bracket

$Blue(s + h) = 2s^2 + 4sh + 2h^2 + 3$

So, the correct work is:

$Blue(s + h) = 2s^2 + 4sh + 2h^2 + 3$

<h3>Simplifying Difference Quotient</h3>

In (a), we have:

$Blue(s + h) = 2s^2 + 4sh + 2h^2 + 3$

$Blue(s) = 2s^2 + 3$

The difference quotient is represented as:

$\frac{f(x + h) - f(x)}{h}$

So, we have:

$\frac{Blue(s + h) - Blue(s)}{h} = \frac{2s^2 + 4sh + 2h^2 + 3 - 2s^2 - 3}{h}$

Evaluate the like terms

$\frac{Blue(s + h) - Blue(s)}{h} = \frac{4sh + 2h^2}{h}$

Evaluate the quotient

$\frac{Blue(s + h) - Blue(s)}{h} = 4s + 2h$

Hence, the correct work is:

$\frac{Blue(s + h) - Blue(s)}{h} = 4s + 2h$

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2 years ago

Determine the intercepts of the line. 7x-5=4y-6

den301095 [7]

<span>1/4= y-intercept
</span><span>-1/7= x intercept </span>

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3 years ago

Read 2 more answers

Audrey gave a 0.90 tip to a waitress for serving a meal costing $6.00. what percent of the bill was her tip?

maw [93]

Answer:

<u>15%</u> percent of the bill was her tip.

Step-by-step explanation:

Given:

Audrey gave a $0.90 tip to a waitress for serving a meal costing $6.00.

Now, to find the percent of the bill was her tip.

The bill was = $6.00.

The tip she gave = $0.90.

Now, to get the percent of the bill was her tip:

$\frac{The\ tip}{The\ bill}\times 100$

$=\frac{0.90}{6.00} \times 100$

$=0.15\times 100$

$=15\%.$

Therefore, 15% percent of the bill was her tip.

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3 years ago

9th question help ?!

Daniel [21]

Hey there! :)

You have to find the area of all of them and add it together.

Formulas:

Area of a square: l · w
Area of a triangle: (b · h) ÷ 2

Square -

l = 3
w = 3

3 × 3 = 9

Triangle -

b = 3
h = 3

(3 × 3) ÷ 2
9 ÷ 2 = 4.5

There are 4 triangles

4.5 × 4 = 18

9 + 18 = 27

The surface area ⇒ 27 cm²

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3 years ago