Rock Inc. has three divisions, Granite, Lime and Nina. All fixed costs are unavoidable. Following is the income statement for the previous year: Sales Variable Costs Contribution Margin Fixed Costs (allocated) Profit Margin Granite. Lime Nina Total $517,000 $272,000 $226,000 $1,015.000 190,000 124,500 100,500 415,000 327,000 147,500 125,500 600,000 259,000 169,250 106,750 535,000 $ 68,000 $(21,750) $ 18,750 $ 65,000 a. What would Rock's profit margin be if the Lime division were dropped? Loss TS 12 b. What would Rock's profit margin be if the Nina division were dropped?

A: Assigning is a process of assignment. Assignment means a transfer of a right to receive a…

A: Paid-in Capital Paid-in capital is that the total quantity cash equivalents contributed to a company…

A: Perpetuity: It is a stream of cash flow that is presumed to continue for an indefinite period.

A: Workpaper is the most important part of the audit. It contains all the documentation regarding the…

A: A column chart will include data labels along the horizontal (X) axis with measured metrics or…

A: The correct answer is  a. Lead schedule

A: Accounting refers to the process through which the financial transactions related to a business are…

A: If an auditor is not returning all client provided documents upon request, then this act is an…

A: Blind Purchase Order: Blind purchase order contains all the information related to the purchase of…

A: Management by exceptions: Management by exceptions determines that the managers should not focus if…

A: Journal entry is the entry which is made at the date on which the transaction which relates to the…

A: Source documents: The documents which contain evidence of accounting data to record the transactions…

A: Reversing entries are journal entries made at the beginning of an accounting period to reverse or…

A: SOLUTION:- Risk management is the main stimulus for forward contracts. Forward contract is a…

A: A reporting entity is an entity whose general-purpose financial report is used by its users to have…

A: Form 10-Q The Form 10-Q is a comprehensive report of a company's performance submitted quarterly by…

A: The objective of this question is to create a two-dimensional columnar chart in Excel. This type of…