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Pachacha [2.7K]
3 years ago
8

MC Qu. 123 Fallow Corporation has... Fallow Corporation has two separate profit centers. The following information is available

for the most recent year: West Division East Division Sales (net) $450,000 $600,000 Salary expense 51,000 65,000 Cost of goods sold 155,000 275,000 The West Division occupies 11,250 square feet in the plant. The East Division occupies 6,750 square feet. Rent, which was $ 90,000 for the year, is an indirect expense and is allocated based on square footage. Compute operating income for the West Division.
Business
1 answer:
Rzqust [24]3 years ago
7 0

Answer:

$187,750

Explanation:

Computation for operating income for the West Division.

OPERATING INCOME FOR THE WEST DIVISION

Sales $450,000

Less Cost of goods sold ($155,000)

Gross profit $295,000

($450,000-155,000)

Less: Salary Expense ($51,000)

Allocated rent ($56,250)

($90,000 * 11250/18,000)

West Division income $187,750

Total area of both division = 11,250 + 6,750 = 18,000 square feet

Therefore operating income for the West Division is $187,750

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Answer:

Imports

Explanation:

Dominique owns an international grocery store, the World Food Market, where customers can purchase foods and canned goods from other countries. World Food Market is an example of a company that imports. Dominique imports products from different countries and make them available to its customers on their shelves. They have to buy those products from different sources. For this purpose, they have to put large amount of efforts in order to contact the foreign vendors and get their product imported in their country and ultimately at their store by spending costs and efforts. By importing products from other country, they can provide large product assortment to their customers.

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3 years ago
cost $24,000 with a six-year life and no salvage value. The company expects to sell the machine's output of 3,000 units evenly t
Vikentia [17]

Answer:

4 years

Explanation:

The computation of the payback period is shown below:

Payback period is

= Cost of a Machine ÷ Annual cash flow

where,

Cost of a machine = $24,000

And, the annual cash flow is

= Net Income + Depreciation  expense

= $2,000 + $4,000

= $6,000

Now placing these values to the above formula

So, the payback period is

= $24,000 ÷ $6,000

= 4 years

7 0
3 years ago
Calculating Returns Suppose a stock had an initial price of $87 per share, paid a dividend of $2.15 per share during the year, a
Lostsunrise [7]

When ending share price is $98, capital gain yield is 12.64% and dividend yield is 2.47%. Percentage total return is 15.11%. When ending share price is $78, percentage price return is  -7.87%.

<h3>What is the percentage total return?</h3>

The price return on a stock has two components; the price appreciation and the dividend yield.

Percentage price return = price appreciation + dividend yield

Price appreciation = (price in on year - initial price) / initial price

Dividend yield = dividend / initial price

Percentage price return when ending share price is $98:

Capital gain yield = [(98 /87) - 1 ] = 12.64%

Dividend yield = (2.15/87) = 2.47%

Percentage price return when ending share price is $78:

Capital gain yield = [(78/87)  - 1] = -10.34%

Dividend yield = (2.15/87) =2.47%

Percentage price return = -7.87%

To learn more about dividend yield, please check: brainly.com/question/27342287

#SPJ1

3 0
2 years ago
According to the Buy America Act, if a company wishes to win a contract from a U.S. government agency to provide some equipment,
adell [148]

Answer:Local content requirements (LCRs

Explanation: This refers to policy measures which expects a particular certain intermediate goods to be produced from domestic manufactures. This means for a company to operate in a particular state they need to produce some of their product from that state , use domestic manufacturing this ensure they don't take everything for themselves but are actual contributing to that state deeply.

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2 years ago
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Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
zalisa [80]

Answer and Explanation:

The computation is shown below:

a) Growth rate = ROE × retention ratio

= 23% × (1 - .40)

= 13.80%

Value of stock = D1 ÷ (k - g)

= 0.84 × (1 + .1380) ÷ (.16 - .1380)

= $43.45

b) Revised growth rate after year 2 = 16% × .50

= 8%

Value at T2 = D3 ÷ (k - g)

D3 = Earnings × (1 + G1)^2 × (1 + G2) × Payout ratio

= 2.1 × (1+.1380)^2 × (1+.08) × .50

= 1.47

Value at T2 = 1.47 ÷ (.16 - .08)

= $18.38

Value at T0 = Value at T2 ÷ (1 + r)^n

= 18.38 ÷ (1 + .16)^2

= 13.66

3 0
3 years ago
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