Operating ExpensesNet Income$13,000$23,300$48,200%24%24%24 Presented below are the components in Oriole Company's income statement.Determine the missing amounts.Sales RevenueCost of Goods SoldGross ProfitOperating Expenses(a)$80,6002$$31,900$(b)$113,400$70,300$(c)$77,000$87,000$48,200%24%24%24%24

The gross profit is calculated as difference between sales and cost of goods sold. The net income is…

Answered: Presented below are the components in…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Company A B. Sales $ 10,900,000 $ 6,700,000 9,000,000 Net operating income 238,000 Average operating assets 4,240,000 S 6,200,000 Return on investment 19 % 14 % 24 % Minimum required rate of return: Percentage 17 % Dollar amount 340,000 Residual income (loss) 186,000
Sales revenue Variable expenses Contribution margin Fixed expenses Operating income Income taxes Net income $ 236,352 95,012 15,897 $11,128 $ · b. $537,356 $ 168,652 90,292 23,508 98,944 138,768 16,027 $48,081 d $667,836 453,504 59,104 $177,312
Capital Investments has two divisions. Each division's required rate of return is 10%. Planned operating results for 2020 are as follows: (Click the icon to view the planned operating results.) Read the requirements. Requirement a. What is the current ROI for each division? Begin by selecting the formula to calculate ROI, then compute the ROI for each division. Measure of income + Measure of investment = 12,350,000 95,000,000 56,000,000 10,640,000 Division A Division B Division A Division B Requirement b. What is the current residual income for each division? Begin by selecting the formula to calculate the residual income (RI), then compute the RI for each division. X ROI X 13 % 19 % % % )= RI
Company A Company B Company C Sales $2,448,000 $1,665,000 Net operating income $318,240 $266,400 Average operating assets $1,530,000 $2,550,000 Margin 13 % 16 % 4 % Turnover 1.60 2.10 Return on investment (ROI) 0.21 % 8.00 % %
“Product S M V Total Percentage of total sales 48% 20% 32% 100% Sales £480,000 100% £200,000 100% £320,000 100% £1,000,000 100% Variable expenses £144,000 30% £160,000 80% £176,000 55% £480,000 48% Contribution margin £336,000 70% £40,000 20% £144,000 45% £520,000 52% Fixed expenses £223,600 Net operating income £296,400” “Assume that actual sales for the month total £1,000,000 as planned. Actual sales by product are: S, £320,000; M, £400,000; and V, £280,000.” “Required:” “Prepare a contribution format income statement for the month based on actual sales data. Present the income statement in the format shown above.” “Compute the break-even point for the month, based on the planned and your actual data.”
Presented below is a combined single-step income and retained earnings statement for Hardrock Mining Co. for 20X1. Statement of Income and Retained Earnings for the Year Ended December 31, 20X1 ($ in 000) Net sales $5,281,954 Costs and expenses Cost of products sold Marketing, administrative, and other expenses Interest expense 4,765,505 193,147 17,143 54,529 Other, net Total expenses before taxes Earnings before income taxes 5,030,324 251,630 (52,842) 198,788 3,046,660 (100,000) Provision for income taxes Net income Retained earnings at 1/1/20X1 Dividends on common stock Retained earnings at 12/31/20X1 $3,145,448 Additional facts gleaned from notes to Hardrock's financial statements follow (dollar amounts in thousands): a. Other, net for 20X1 included a corporate restructuring charge of $8,777 and a pre-tax profit of $12,000 on discontinued operations. The remainder of the category is composed of investment losses. b. Marketing, administrative, and other expenses for 20X1 included a…
Unit 5 Assighment $75,000,000 $80,000,000 $ 1,875,000 $ 1,925,000 $ 4,525,000 2017 Total assets 12 2018 Total assets 2017 Net operating income 2018 Net operating income 2017 Net sales 2018 Net sales $5,100,000 Ask What is Lastrom's ROI for the year ending 2018? Multiple Cholce 272% 250% 240% Next
Revenues 800,000Income from continuing operations 100,000Comprehensive income 120,000Net income 90,000 Income from operations 220,000Selling and administrative expenses 500,000Income before income tax 200,000Required: Calculate the following: i. Other income and expenses ii. Financing costs iii. Income tax iv. Discontinued operations v. Other comprehensive income
Sales 8.250.000.00 Operating costs 4,725.000.00 Operating income 3,525,000.00 Interest expense 1,750,000.00 Earnings before taxes 1,775,000.00 Taxes (40%) 621,250.00 Net income 1,153,750.00 WACC = 8%, Total invested capital 24,875,000. Calculate the EVA. (2 decimal places)
Sales revenue $1,850,000 Gross margin 670,000 Income 97,000 Invested capital 520,000 The company's imputed interest rate is 10%. The sales margin is: Multiple Choice 5.24%. 36.22%. 14.48%. 28.11%. 18.65%.
QUESTION 24 Alpha Company has shown the following financial information: Sales: $4,500,000, Total assets: $1,800,000 Cost of capital: 15% Residual income: $90,000 The company’s return on investment is: A. 15% B. 18% C. 10% D. 12% E. 20%
Following data is given for XYZ company: Sales $114,000 Operating income Total assets $39,900 $71,250 Return on investment for XYZ company is: a. 21.875% b. 56% с. 100% d. 10%

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Presented below are the components in Oriole Company's income statement. Determine the missing amounts. Sales Revenue Cost of Goods Sold Gross Profit Operating Expens (a) $80,600 $ $31,900 (b) $113,400 $70,300 (c) $77,000 $87,000 $4 %24 %24 %24 %24