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victus00 [196]
3 years ago
7

Exercise 10-16 The Sports Equipment Division of Harrington Company is operated as a profit center. Sales for the division were b

udgeted for 2017 at $890,250. The only variable costs budgeted for the division were cost of goods sold ($440,260) and selling and administrative ($60,550). Fixed costs were budgeted at $102,060 for cost of goods sold, $92,300 for selling and administrative, and $73,470 for noncontrollable fixed costs. Actual results for these items were:
Sales $888,800
Cost of goods sold
Variable 418,060
Fixed 104,180
Selling and administrative
Variable 60,480
Fixed 73,070
Noncontrollable fixed 92,190

Prepare a responsibility report for the Sports Equipment Division for 2017. (List variable costs before fixed costs.)

Assume the division is an investment center, and average operating assets were $1,118,600. The noncontrollable fixed costs are controllable at the investment center level. Compute ROI. (Round ROI to 1 decimal place, e.g. 1.5.)

Return on investment %
Business
1 answer:
VMariaS [17]3 years ago
5 0

Answer

The answer of the exercise is attached in a microsof excel document.  

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.

Download xlsx
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Ecolap Inc. (ECL) recently paid a $0.46 dividend. The dividend is expected to grow at a 14.5 percent rate. At a current stock pr
UNO [17]

Answer:

a) 15.69%

Explanation:

The computation of the expected return is shown below:

= (Current year dividend ÷ current price) + growth rate

where,

Current year dividend = Dividend × ( 1 + dividend growth rate)

                                     = $0.46 × (1 + 14.5%)

                                     = $0.527

And, the other item values remain the same

Now put these values to the above formula

So, the value would be equal to

= ($0.527 ÷ $44.12) + 0.145

=  15.69%

4 0
3 years ago
Which statement best describes the variety of workplaces commonly found in the Health Science career cluster? A. Workplaces in t
Mars2501 [29]

People who work in Health Science career clusters can expect a career that deals with promoting health to treating diseases. Some examples of professions in this cluster include dietitians, neurologists, and biomedical engineers. With a wide variety of professions that are included in this cluster, the workplaces where these individuals can work are also equally as diverse.

Thus, the best answer for the question is (C) workplaces in this cluster include nonprofit hospitals, government-run clinics, and private physicians' offices.

8 0
3 years ago
Read 2 more answers
High Country Corporation acquired two inventory items at a lump-sum cost of $80,000. The acquisition included 6,000 units of pro
SCORPION-xisa [38]

Answer:

$9,000

Explanation:

Calculation for the amount of gross profit that should be recognize

First step is to calculate the

A's sale value = 6,000 unit*12 per unit

A's sale value = $72,000

Second Step is to calculate B's sale value

B's sale value = 14,000 units*4 per unit

B's sale value= $56,000

Third step is to calculate the Total sale value

Total sale value = $72,000 + $56,000

Total sale value= $128,000

Fourth Step is to calculate the Cost of goods sold of A for 6,000 units and 2,000 units

Cost of goods sold of A for 6,000 units = ($72,000/$128,000) * $80,000

Cost of goods sold of A for 6,000 units = 0.5625*$80,000

Cost of goods sold of A for 6,000 units= $45,000

Cost of goods sold of A for 2,000 units = $45,000*2,000/6,000

Cost of goods sold of A for 2,000 units = $15,000

Last step is to calculate the Gross profit of A for 2,000 units

Gross profit of A for 2,000 units = (2,000*12 per units) - 15,000

Gross profit of A for 2,000 units = $24,000 - $15,000

Gross profit of A for 2,000 units = $9,000

Therefore the amount of gross profit that should be recognize will be $9,000

7 0
3 years ago
Which computer science professor has won an Oscar?<br> Gauss<br> Fedkiw<br> Pythagoras<br> Edison
alina1380 [7]

Answer:

the answer is Fedkiw

Explanation:

6 0
3 years ago
Daily demand for newspapers for the last 10 days has been as follows: 12, 13, 16, 15, 12, 18, 14, 12, 13, 15 (listed from oldest
katrin [286]

Answer:

The correct option is E,14

Explanation:

In using the two-day moving average to forecast for the next day sales, the previous two days sales are taken , summed to up and finally averaged(that is divided by 2)

Next day forecast=sum of previous two days sales figures/number of days

sum of previous two days  forecast=13+15=28

since the number of the days is 2 ,the 8 is divided by 2,28/2=14

Ultimately the next day forecast sales figure is 14 newspapers

Option A is wrong that is just considering of the two previous day, the same thing applies to option B.

Option C is the sum of previous two days sales without being divided

5 0
3 years ago
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