Accounting Chapter 9 4 Cabal Products Division Major Corporation Last

subject Type Homework Help
subject Pages 14
subject Words 1071
subject Authors Eric Noreen, Peter Brewer, Ray Garrison

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75. Cabal Products is a division of a major corporation. Last year the division had total sales
of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000.
The company's minimum required rate of return is 14%.
The division's margin is closest to:
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76. Cabal Products is a division of a major corporation. Last year the division had total sales
of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000.
The company's minimum required rate of return is 14%.
The division's turnover is closest to:
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77. Cabal Products is a division of a major corporation. Last year the division had total sales
of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000.
The company's minimum required rate of return is 14%.
The division's return on investment (ROI) is closest to:
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78. Cabal Products is a division of a major corporation. Last year the division had total sales
of $10,040,000, net operating income of $582,320, and average operating assets of $4,000,000.
The company's minimum required rate of return is 14%.
The division's residual income is closest to:
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79. Brandon Inc., has provided the following data for last year's operations:
Sales $100,000
Net operating income $6,000
Average operating assets $40,000
Stockholders' equity $25,000
Minimum required rate of return 10%
Brandon's residual income is:
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80. Brandon Inc., has provided the following data for last year's operations:
Sales $100,000
Net operating income $6,000
Average operating assets $40,000
Stockholders' equity $25,000
Minimum required rate of return 10%
Brandon's return on investment (ROI) is:
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81. The Jenkins Division recorded operating data as follows for the past year:
Sales $600,000
Net operating income $30,000
Average operating assets $200,000
Stockholders' equity $50,000
Residual income $14,000
For the past year, the return on investment was:
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82. The Jenkins Division recorded operating data as follows for the past year:
Sales $600,000
Net operating income $30,000
Average operating assets $200,000
Stockholders' equity $50,000
Residual income $14,000
For the past year, the margin used in ROI calculations was:
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83. The Jenkins Division recorded operating data as follows for the past year:
Sales $600,000
Net operating income $30,000
Average operating assets $200,000
Stockholders' equity $50,000
Residual income $14,000
For the past year, the turnover used in ROI calculations was:
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84. The Jenkins Division recorded operating data as follows for the past year:
Sales $600,000
Net operating income $30,000
Average operating assets $200,000
Stockholders' equity $50,000
Residual income $14,000
For the past year, the minimum required rate of return was:
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85. The North Division of the Lyman Company reported the following data for last year:
Net operating income $200,000
Interest expense $50,000
Tax expense $60,000
Stockholders' equity $250,000
Average operating assets $500,000
Minimum required rate of return 14%
The residual income for the North Division last year was:
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86. The North Division of the Lyman Company reported the following data for last year:
Net operating income $200,000
Interest expense $50,000
Tax expense $60,000
Stockholders' equity $250,000
Average operating assets $500,000
Minimum required rate of return 14%
The return on investment last year for the North Division was:
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87. The West Division of Frede Corporation had average operating assets of $700,000 and
net operating income of $120,800 in December. The minimum required rate of return for
performance evaluation purposes is 16%.
What was the West Division's minimum required return in December?
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88. The West Division of Frede Corporation had average operating assets of $700,000 and
net operating income of $120,800 in December. The minimum required rate of return for
performance evaluation purposes is 16%.
What was the West Division's residual income in December?
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89. The Consumer Products Division of Mickolick Corporation had average operating assets
of $450,000 and net operating income of $38,700 in August. The minimum required rate of return
for performance evaluation purposes is 10%.
What was the Consumer Products Division's minimum required return in August?
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90. The Consumer Products Division of Mickolick Corporation had average operating assets
of $450,000 and net operating income of $38,700 in August. The minimum required rate of return
for performance evaluation purposes is 10%.
What was the Consumer Products Division's residual income in August?
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91. Ricric Corporation has provided the following data for one of its products:
Process time 3.0 days
Queue time 4.0 days
Inspection time 0.7 days
Move time 0.3 days
Wait time 9.0 days
The throughput time for this operation is:
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92. Ricric Corporation has provided the following data for one of its products:
Process time 3.0 days
Queue time 4.0 days
Inspection time 0.7 days
Move time 0.3 days
Wait time 9.0 days
The delivery cycle time for this operation is:
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93. Ricric Corporation has provided the following data for one of its products:
Process time 3.0 days
Queue time 4.0 days
Inspection time 0.7 days
Move time 0.3 days
Wait time 9.0 days
The manufacturing cycle efficiency for this operation is closest to:
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94. Ebsen Corporation keeps careful track of the time required to fill orders. Data concerning
a particular order appear below:
Hours
Wait time 16.6
Process time 1.3
Inspection time 0.3
Move time 2.9
Queue time 9.4
The throughput time was:

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