Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. the sheridan transportation company uses a respons

The Sheridan Transportation Company uses a responsibility reporting system to measure the performance of its...

80.2K

Verified Solution

Question

Accounting

The Sheridan Transportation Company uses a responsibility reporting system to measure the performance of its three investment centres: planes, taxis, and limos. It measures segment performance using a system of responsibility reports and return on investment calculations. The allocation of resources within the company and the segment managers' bonuses are based in part on the results shown in these reports.Recently, the company was the victim of a computer virus that deleted portions of its accounting records. This was discovered when the current period's responsibility reports were being prepared. The printout of the actual operating results appeared as follows:Determine the missing amounts. (Round intermediate calculations and final answers to 0 decimal places, e.g.1,255.) Service revenue$$603,400$Variable costs5,506,800304,400Contribution margin211,000424,413Controllable fixed costs2,003,000Controllable margin91,000188,513Average operating assets25,039,4001,450,100Return on investment13%10%%a

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

If V is a linear space and S is a proper subset of V, and...

Advance Math
Q

2. Recall that the set Q of rational numbers consists of equivalence classes of elements of...

Advance Math
Q

Explain the market research process to a young marketer who wants to undertake a market research...

General Management
Q

By using Managerial,communication or operational processes use the steps to write a case study on Pepsi...

General Management
Q

1 A In The spectral emissive power of a black body at a temperature of...

Physics
Q

What is the volume of a cube that measures 6 376 on a side 275...

Geometry
Q

Last year, a person wrote 142 checks. Let the random variable x represent the number...

Basic Math
Q

4 Evaluate the following expression if n 2 and m n m

Algebra
Q

You have been asked to prepare a December cash budget for Ashton Company, a distributor...

Accounting
Q

Problem 14-4A (Algo) Straight-Line: Amortization of bond discount LO P2 [The following information applies to...

Accounting
Q

o You are planning for a very early retirement. You would like to retire at...

Accounting
Q

Financial information is presented here for two companies. (a) Fill in the missing...

Accounting