Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Carey Company had sales in 2016 of $1,716,000 on 66,000 units. Variable costs totaled $1,188,000, and fixed costs totaled $473,000.
Contribution format income statement:
Sales= 1,716,000
Variable costs= 1,188,000
Contribution margin= 528,000
Fixed costs= 473,000
Net operating income= 55,000
Answer:
1274+9700+22010.80+638.55=33,623.35 Total
Explanation:
1300*.02=26
1300-26=$1274
10000*.03=300
10000-300=9700
22460*.02=449.20
22460-449.20=22010.80
645*.01=6.45
645-6.45=638.55
Answer:
Company's return on investment (ROI) = Net operating income / Average operating assets
Company's return on investment (ROI) = 380000/2000000
Company's return on investment (ROI) = 19%
Residual income = Net operating income - Return on investment*Average operating assets
Residual income = 380000 - 18%*2000000
Residual income = $20,000
ROI of new investment = Net operating income/Investment
ROI of new investment = 12950/70000
ROI of new investment = 18.50%
ROI of overall company if investment taken place = Total net operating income/ Total average operating assets
ROI of overall company if investment taken place = (380000+12950) / (2000000+70000)
ROI of overall company if investment taken place = 18.98%.
Answer:
c. $34,575
Explanation:
Data provided in the question
Accounts receivable = $44,890
Accounts payable = $6,405
Cash = $16,070
Common stock = $42,500
Long-term notes payable = $20,600
Merchandise inventory = $28,475
Salary Payable = $28,170
Retained earnings = $50,465
Prepaid insurance = $2,365
So, The computation of the current liabilities are as follows
= Accounts payable + salary payable
= $6,405 + $28,170
= $34,575
Therefore, the current liabilities only includes the account payable and the salary payable.