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Nat2105 [25]
3 years ago
7

Presented below is selected information for three regional divisions of Medina Company.

Business
1 answer:
ololo11 [35]3 years ago
5 0

Answer:

a. Return on investment = Controllable margin / Average operating assets

North Division:

= 139,500 / 930,000

= 15%

West Division:

= 360,000 / 2,000,000

= 18%

South:

= 211,500 / 1,410,000

= 15%

b. Residual income = Controllable margin - (Average operating assets * Minimum rate of return)

North division:

= 139,500 - (930,000 * 12%)

= $27,900

West division:

= 360,000 - (2,000,000 * 14%)

= $80,000

South division:

= 211,500 - (1,410,000 * 9%)

= $84,600

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shtirl [24]

Answer:

16.9 months

Explanation:

Recovery time = Refinancing cost / Monthly savings

= $2,500 / $148

= 16.9 months

6 0
3 years ago
Calculate the simple interest you would receive in one year on a savings account that earns 5% annual interest. your beginning b
cupoosta [38]
The simple interest formula:
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3 years ago
Which of the following items would require an adjusting entry at the end of each accounting period? a.Vacation pay earned by emp
nignag [31]

Answer: a.Vacation pay earned by employees

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3 years ago
Because of vast differences between different regions, multinational corporations often use ______ departmentalization.
Alexus [3.1K]

Answer:

<u>geographic </u>departmentalization.

Explanation:

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