Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the real estate products division of ivanhoe co. i

The Real Estate Products Division of Ivanhoe Co. is operated as a profit center. Sales...

60.1K

Verified Solution

Question

Accounting

The Real Estate Products Division of Ivanhoe Co. is operated as a profit center. Sales for the division were budgeted for 2022 at
$1,260,000. The only variable costs budgeted for the division were cost of goods sold ($618,000) and selling and administrative
($84,000). Fixed costs were budgeted at $136,000 for cost of goods sold, $126,000 for selling and administrative costs, and $99,000
for noncontrollable fixed costs. Actual results for these items were as follows:
Sales
Cost of goods sold
Selling and
administrative
(b)
Compute ROI assuming the division is an investment center, and average operating assets were $1,204,000.(Round answer to 1
decimal place, e.g.52.7.)
image

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

Physics
1.2K views

How the world has reacted to global climate change aka greenhouse gasses rising. describe with evidence?

Accounting
1.2K views

Case Study PF Corporation makes three different clothing fasteners in its manufacturing facility in North Carolina. Data...

Geometry
1.2K views

You are painting a jewelry box in the shape of a square pyramid How much...

Geometry
1.2K views

What is the equation of the line that is perpendicular to x + 2y =...

Statistics
1.2K views

people I used are my cousing family ousin s wedding I went around and asked...

Calculus
1.2K views

A bicycle manufacturer produces two kinds of frames aluminum and carbon fiber The cost function...

Algebra
1.2K views

The approximate line of best fit for the given data points y 2x 2 is...

Accounting
1.2K views

Which of the following statements about the format of financial statements is correct?...

Accounting
1.2K views

SFAC No. 7 provides a framework for using future cash flows as a basis for...

Accounting
1.2K views

Required information [The following information applies to the questions displayed below.] Rita is...

Accounting
1.2K views

Which of the following is not subject to the excess business loss limit? Partner....

Accounting
1.2K views

When paying a dividend, owners of stock as of what date will receive the dividend?...