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2 years ago

The following information relates to last year's operations at the Legumes Division of Gervani Corporation:

Business

1 answer:

yanalaym [24]2 years ago

7 0

Answer:

The Legume Division's net operating income last year was d. $45,000

Explanation:

Turnover (on operating assets) = Total Sales/ Operating assets

From the formula,

Operating assets = Total Sales/Turnover (on operating assets) = $900,000/3 = $300,000

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

Net Income = ROI x Total investment

At the Legumes Division of Gervani Corporation, Total investment = Operating assets = $300,000

Net Income = 15% x $300,000 = $45,000

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Deffense [45]

D

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3 years ago

On January 1, the Kings Corporation issued 10% bonds with a face value of $96,000. The bonds are sold for $94,080. The bonds pay

sleet_krkn [62]

Answer:

9,792 total interest expense

Explanation:

face value 96,000

issued at 94,080

discount 1,920

amortization of the bond:

discount/total payment

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1,920/20 = 96

cash proceed:

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3 years ago

Reed Corp. has set the following standard direct materials and direct labor costs per unit for the product it manufactures Direc

grigory [225]

Answer:

Results are below.

Explanation:

To calculate the direct material price and quantity variance, we need to use the following formulas:

Direct material price variance= (standard price - actual price)*actual quantity

Direct material price variance= (3 - 2.95)*92,000

Direct material price variance= $4,600 favorable

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (10*9,000 - 92,000)*3

Direct material quantity variance= $6,000 unfavorable

To calculate the direct labor efficiency and rate variance, we need to use the following formulas:

Direct labor time (efficiency) variance= (Standard Quantity - Actual Quantity)*standard rate

Direct labor time (efficiency) variance= (2*9,000 - 18,800)*12

Direct labor time (efficiency) variance= $9,600 unfavorable

Direct labor rate variance= (Standard Rate - Actual Rate)*Actual Quantity

Direct labor rate variance= (12 - 12.05)*18,800

Direct labor rate variance= $940 unfavorable

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3 years ago

Brand managers know that increasing promotional budgets eventually result in diminishing returns. The first one million dollars

Virty [35]

Answer:

The Expected Awareness level for the next year will be 58%

Explanation:

In order to calculate the Expected Awareness level, first we have to calculate opening awareness level using the following formula:

Opening awareness level=Closing level−Decrease in awareness per year

=80%−(1/3×80%)

=80%−26.4%

=53.6%

After having calculated the Opening awareness level we can calculate the Expected Awareness level for next year with the following formula:

Expected Awareness level=Opening awareness level+Increase in level

=53.6%+5%

=58%

7 0

3 years ago

In a firm that manufactures clothing, the department that is responsible for actually assembling the garments could best be desc

marissa [1.9K]

Answer:

Operating or production department.

Explanation:

Operating or production department Deals with production and efficiency.

It should be noted that in a firm that manufactures clothing, the department that is responsible for actually assembling the garments could best be described as Operating or production department.

3 0

2 years ago