Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the service division of riverbed industries report

The service division of Riverbed Industries reported the following results for 2022. Sales ...

70.2K

Verified Solution

Question

Accounting

The service division of Riverbed Industries reported the following results for 2022.
Sales
$530,000
Variable costs
318,000
Controllable fixed costs
66,250
Average operating assets
662,500
Management is considering the following independent courses of action in 2023 in order to maximize the return on investment for this division.
Reduce average operating assets by $132,500, with no change in controllable margin.
Increase sales $106,000, with no change in the contribution margin percentage.
(a)
Compute the controllable margin and the return on investment for 2022.
Controllable margin
$
Return on investment for 2022%
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: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Using the digits 0, 1, 2, 8, 9, determine how many 3-digit lock combinations are...

Algebra
Q

89 Igor purchased a car for 30 000 He made a down payment of 17...

Basic Math
Q

What are the reagents for (simple) positive and negative staining? What results for each?Why is...

Biology
Q

How might a scientist test this hypothesis Burning fossil fuels and releasing greenhouse gases is...

Biology
Q

Determine the amplitude of the following graph 27 5 4 3 2 1 2 3...

Calculus
Q

28 29 section 11 3 Solve for x Answer 2 X 1 X 6 1...

Algebra
Q

10 Clark built an addition to his house and needs to furnish a new guest...

Algebra
Q

X X Fill in the blank with the appropriate word If a rational function is...

Algebra
Q

Choose the ONE theory below that suggests that a leader's personality is the ultimate predictor...

Accounting
Q

(a) Accounting is often referred to as the language of business. Explain why this...

Accounting
Q

Required information Use the following information for the Exercises 14-15 below. (Ailgo) The following intormanion...

Accounting
Q

Data table Requirement 1. If monthly sales are 1,200 tech shirts, what is the full...

Accounting