Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. business accounting questions. thank you for your

Business Accounting questions. Thank you for your help! Use the following...

90.2K

Verified Solution

Question

Accounting

Business Accounting questions. Thank you for your help! image
Use the following information for questions 27-31: 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%. 27) The division's margin is closest to: A) 5.8% B) 14.6% C) 45.6% D) 39.8% 28) The division's turnover is closest to: A) 0.15 B) 2.19 C) 2.51 D) 17.24 h fhinrtim on livesn R s dost to. A) 0.9% B) 14.6% C) 4.1% D) 36.6% 30) The division's residual income is closest to: A) $22,320 B) $1,142,320 C) S(823,280) D) $582,320 31) If Cabal Products Division would like to invest in new equipment for $1,050,000, which would earn net operating income of $156,000, the new total residual income would be: A) $9,000 B) $31,320 C) $13,320 D) $11,430

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students