Devry Acct 505 Week 6 Quiz Latest 2016

Devry ACCT 505 Week 6 Quiz latest 2016

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Devry ACCT 505 Week 6 Quiz latest 2016

(TCO D) Return on investment (ROI) is equal to the margin multiplied by

(TCO D) For which of the following decisions are opportunity costs relevant?

(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?

(TCO D) Data for December concerning Dinnocenzo Corporation’s two major business segments-Fibers and Feedstocks-appear below:

Sales revenues, Fibers $870,000

Sales revenues, Feedstocks $820,000

Variable expenses, Fibers $426,000

Variable expenses, Feedstocks $344,000

Traceable fixed expenses, Fibers $148,000

Traceable fixed expenses, Feedstocks S156,000

Common fixed expenses totaled $314,000 and were allocated as follows: $129,000 to the Fibers business segment and $185,000 to the Feedstocks business segment.

Required:

Prepare a segmented income statement in the contribution format for the company. Omit percentages; show only dollar amounts.

(TCO D) Wryski Corporation had net operating income of $150,000 and average operating assets of $500,000. The company requires a return on investment of 19%.

Required:

i. Calculate the company’s current return on investment and residual income.

ii. The company is investigating an investment of $400,000 in a project that will generate annual net operating income of $78,000. What is the ROI of the project? What is the residual income of the project? Should the company invest in this project?

(TCO D) Tjelmeland Corporation is considering dropping product S85U. Data from the company’s accounting system appear below.

Sales $360,000

Variable Expenses $158,000

Fixed Manufacturing Expenses $119,000...