Ac 505 Week 6 Quiz
(TCO D) A company that has a profit can increase its return on investment by (Points : 5) increasing sales revenue and operating expenses by the same dollar amount. increasing average operating assets and operating expenses by the same dollar amount. increasing sales revenue and operating expenses by the same percentage. decreasing average operating assets and sales by the same percentage.
2. (TCO D) Given the following data, what would ROI be?
Sales $50,000
Net operating income $5,000
Contribution margin $20,000
Average operating assets $25,000
Stockholder's equity $15,000
(Points : 5) 10% 20% 16.7% 80%
3. (TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover, rounded to the nearest tenth? (Points : 5) 9.5 10.2 9.8 9.2
1. (TCO D) Seebach Corporation has two major business segments—Apparel and Accessories. Data concerning those segments for June appear below.
Sales revenues, Apparel $700,000 Variable expenses, Apparel $406,000 Traceable fixed expenses, Apparel $98,000 Sales revenues, Accessories $710,000 Variable expenses, Accessories $312,000 Traceable fixed expenses, Accessories $107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts. (Points : 15)
2. (TCO D) Ferro Wares is a division of a major corporation. The following data are for the latest year of operations.
Sales $33,040,000
Net Operating Income $1,453,760
2. (TCO D) Given the following data, what would ROI be?
Sales $50,000
Net operating income $5,000
Contribution margin $20,000
Average operating assets $25,000
Stockholder's equity $15,000
(Points : 5) 10% 20% 16.7% 80%
3. (TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover, rounded to the nearest tenth? (Points : 5) 9.5 10.2 9.8 9.2
1. (TCO D) Seebach Corporation has two major business segments—Apparel and Accessories. Data concerning those segments for June appear below.
Sales revenues, Apparel $700,000 Variable expenses, Apparel $406,000 Traceable fixed expenses, Apparel $98,000 Sales revenues, Accessories $710,000 Variable expenses, Accessories $312,000 Traceable fixed expenses, Accessories $107,000
Common fixed expenses totaled $292,000 and were allocated as follows: $155,000 to the Apparel business segment and $137,000 to the Accessories business segment.
Required:
Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts. (Points : 15)
2. (TCO D) Ferro Wares is a division of a major corporation. The following data are for the latest year of operations.
Sales $33,040,000
Net Operating Income $1,453,760