10. Largo Company recorded for the past year sales of $750,000 and average operating assets of$375,000. What is the margin that Largo Company needed to earn in order to achieve an ROI of15%? Show
Get answer to your question and much more 11. Last year the House of Orange had sales of $826,650, net operating income of $81,000, andoperating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. Whatwas the company's turnover rounded to the nearest tenth? Get answer to your question and much more 12. The Northern Division of the Smith Company had average operating assets totaling $150,000last year. If the minimum required rate of return is 12%, and if last year's net operating income atNorthern was $20,000, then the residual income for Northern last year was:A. $20,000B. $l8,000C. $5,000D. $2,000Residual income = Net operating income - Minimum required rate of return x Average operatingassets = $20,000 - (12% x $150,000) = $2,000 This preview shows page 1 - 2 out of 2 pages. Chapter 11-12Which of the following statements about the categories of measurescommonly included in a balance scorecard are correct?Financial results must be improved in order to improve customer satisfaction.Improving business processes is necessary to improve customer satisfaction.The company’s employees need to continuously learn in order to improve internalbusiness processes. Which of the following statements about the construction of a balancedscorecard is not true? Get answer to your question and much more The manager of a(n)center doesnothave control over revenue or the useof investment funds.The manager of a(n)profitcenter has control over both costs and revenues, but notover the use ofinvestment. Get answer to your question and much more Upload your study docs or become a Course Hero member to access this document End of preview. Want to read all 2 pages? Upload your study docs or become a Course Hero member to access this document Tags Net Income, Generally Accepted Accounting Principles Recommended textbook solutions
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When responsibility center managers forego additional companywide profits by making decisions not in the best interest of the overall company occurs?11 -8 Suboptimization occurs when responsibility center managers forego additional companywide profits by making decisions that are not in the best interests of the overall company or even in the best interests of their own responsibility center.
Which of the following is not one of the three primary types of responsibility centers multiple choice question?The correct answer is d.
There are three types of responsibility centers. These are the investment center, cost center, and profit center. Budget center is not a type of responsibility center.
Are segments of a business that have control over revenues and expenses but not over investment funds?Answer: A profit centerA segment of an organization responsible for costs and revenues, but not investments in assets. is an organizational segment that is responsible for costs and revenues (and therefore, profit), but not investments in assets.
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Given a margin of 12%, sales of $150,000 and average operating assets of $90,000, the roi is
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