(LO 9) Marian Corporation has two separate divisions that operate as profit centers. The following...

90.2K

Verified Solution

Question

Accounting

imageimageimageimageimageimage

(LO 9) Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Sales (net) Salary expense Cost of goods sold Black Division $600,000 21,000 160,000 Navy Division $330,000 41,000 152,000 The Black Division occupies 26,000 square feet in the plant. The Navy Division occupies 39,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $65,000. Compute departmental income for the Black and Navy Divisions, respectively. (Do not round your intermediate computations) Multiple Choice $393,000; $98,000. $579,000; $289,000. $139,000; $114,000. $139,000; $137,000. $440,000; $178,000. (LO 9) Two investment centers at Marshman Corporation have the following current-year income and asset data: Investment Investment Center A Center B $ 475,000 $ 585,000 $3,600,000 $2,550,000 Investment center income Investment center average invested assets The return on investment (ROI) for Investment Center A is: Multiple Choice 698.30% 26.50% 13.19% 44.00 21.50 (LO 9) Kragle Corporation reported the following financial data for one of its divisions for the year, average invested assets of $510,000; sales of $1,050,000; and income of $121,000. The investment turnover is: Multiple Choice 20.40 O O 48.60. O 2.06. O o 421.50 11.50, O (LO 10) A company buys a machine for $77,000 that has an expected life of 6 years and no salvage value. The company anticipates a yearly net income of $3,700 after taxes of 20%, with the cash flows to be received evenly throughout each year. What is the accounting rate of return? Multiple Choice O 1.92% . O 7.69%. o 9.61% O 1.81% . % o 28.83%

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