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storchak [24]
2 years ago
6

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,560,000 Net

operating income $1,071,160 Average operating assets $4,300,000 The division's return on investment (ROI) is closest to
Business
1 answer:
Nataliya [291]2 years ago
5 0

Answer:

24.91%

Explanation:

The formula for return on investment is given as;

Net operating income / Average operating assets

= $1,071,160 / $4,300,000

= 24.91%

Therefore, return on investment is 24.91%.

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Kallie Smith, owner of Flower Hour, operates a local chain of floral shops. Each shop has its own delivery van. Instead of charg
user100 [1]

Answer:

Use the high-low method to determine Flower Hour's cost equation for van operating costs.

  • total cost = $1,355 + ($0.25 x total miles)

Use your results to predict van operating costs at a volume of 15,000 miles.

  • total cost (15,000 miles) = $1,355 + ($0.25 x 15,000) = $5,105

Explanation:

Month                 Miles driven           Van Operating Costs

January                    15,800                        $5,460

February                  <u>17,300</u>                         <u>$5,680</u>

March                       14,600                        $4,940

April                         16,000                         $5,310

May                           17,100                        $5,830

June                         15,400                        $5,420

July                           <u>14,100</u>                        <u>$4,880</u>

high cost - low cost = $5,680 - $4,880 = $800

high cost - low cost = 17,300 - 14,100 = 3,200 miles

variable cost per mile = $800 / 3,200 miles = $0.25 per mile

total variable cost when driving 14,100 miles = 14,100 miles x $0.25 per mile = $3,525

total fixed cost = $4,880 - $3,525 = $1,355

total cost = $1,355 + ($0.25 x total miles)

total cost (15,000 miles) = $1,355 + ($0.25 x 15,000) = $5,105

5 0
2 years ago
LO 8.5When might an unfavorable variance be a good outcome?
ivolga24 [154]

Answer: An unfavorable variance can be used to detect a drop in estimated income early, and then solutions to the challenge can be identified.

Explanation:

An unfavorable variance is the difference between a company's projected expectation and the actual outcome of a financial activity of the company, where the actual outcome is less favorable than the projected expectation.

The information from an unfavorable variance can help alert a company to a negative outcome early, and the company's leadership can then find ways of solving the cause of the negative outcome.

7 0
3 years ago
A large percentage of the population in ethiopia and afghanistan make insufficient money to afford food and other necessities of
Alex_Xolod [135]
<span>This is absolute poverty. This is the state of being where the daily needs of a person or family are not being met, even after completing a day's work. This is in relation to relative poverty, which is based on the standards of living in a certain country. Absolute poverty is the standard at which anyone in any part of the world would be unable to meet their basic food and housing needs.</span>
3 0
3 years ago
Sanchez Company has 48,000 shares of 7% preferred stock of $100 par and 92,000 shares of $50 par common stock issued and outstan
galina1969 [7]

Answer:

Check Explanation.

Explanation:

The following parameters are given for dividends of three years;

Year 1 = $497,000, Year 2 = $490,000 Year 3 = $524,000.

The number of shares= 48,000 of 7%, preferred stock = $100 par and 92,000 shares of $50 par common stock issued and outstanding.

Therefore,

Year one:

=> Amount Distributed = $497,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = 497,000 - 336,000 = 161,000.

=> Preferred divided per share = 336,000/ 48,000 = $ 7.

=> Common dividend = Common dividend/ 92,000 shares = 161,000/ 92,000 shares =$ 1.75.

Year Two:

=> Amount Distributed = $490,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = 490,000 - 336,000 = 113,000.

=> Preferred divided per share = 336,000/ 48,000 = $ 7.

=> Common dividend = Common dividend/ 92,000 shares = 113,000/ 92,000 shares =$1.23.

Year Three:

=> Amount Distributed = $524,000.

=> Preferred dividend = 48,000 × 7% × $100 = 336,000.

=> Common dividend = $524,000 - 336,000 = 188,000.

=> Preferred divided per share = 336,000/ 48,000 = $7.

=> Common dividend = Common dividend/ 92,000 shares = 188,000/ 92,000 shares =$2.04

6 0
3 years ago
Proprietary funds recognize _________.a. Expenses when the fund incurs a liability for goods or services. b. Expenditures when t
xenn [34]

Answer:

The answer is Expenses when the fund uses goods or services.

Explanation:

A proprietary fund is used in governmental accounting to account for activities that involve business-like interactions, either within the government or outside of it.

The required financial statements for a proprietary fund are as follows:

Statement of net position,

Statement of revenues, expenses, and changes in fund net position

5 0
2 years ago
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