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DENIUS [597]
2 years ago
7

Meiji Isetan Corp. of Japan has two regional divisions with headquarters in Osaka and Yokohama. Selected data on the two divisio

ns follow:
Division
Osaka Yokohama
Sales $3,000,000 $9,000,000
Net operating expenses $210,000 $720,000
Average operating assets $1,000,000 $4,000,000

Required:
a. For each divisions, compute the return on investment (ROI) in terms of margin and turnover. (Do not round intermediate calculations.)
b. Assume that the company evaluates performance using residual income and that the minimum required rate of return for any division is 15%. Compute the residual income for each division.
Business
1 answer:
daser333 [38]2 years ago
4 0

Answer:

1. Rate of Interest = Net operating expenses/Average operating assets

Osaka = $210000/$1000000 = 0.21 = 21%  

Yokohama = $720000 / $4000000 = 0.18 = 18%

2.                                                Osaka        Yokohama

Average operating assets   $1,000,000    $4,000,000

M. required return at 15%     $150,000       $600,000

Net operating income          $210,000       $720,000    

Minimum required return     <u>$150,000  </u>     <u>$600,000</u>

Residual income                   <u>$60,000  </u>     <u>$120,000</u>

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5 0
3 years ago
The Fremont Company uses the weighted-average method in its process costing system. The company recorded 32,500 equivalent units
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Explanation:

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Answer:

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Explanation:

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Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

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