Point Claire Company had the following results during the most recent year: sales $500,000; residual income $5,000;
Question:
Instructions
(a) Calculate the total assets.
(b) Calculate the operating (pretax) income.
(c) Calculate the return on investment.
(d) Calculate the profit margin.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 76% (13 reviews)
a Investment turnover sales average operating assets Average operating assets 5...View the full answer
Answered By
Felix Mucee
I am a detailed and thorough professional writer with 5 years of administrative experience- the last 2 years in academic writing and virtual office environment. I specialize in delivering quality services with respect to strict deadlines and high expectations. I am equipped with a dedicated home office complete with a computer, copier/scanner/fax and color printer.
I provide creative and detailed administrative, web search, academic writing, data entry, Personal assistant, Content writing, Translation, Academic writing, editing and proofreading services. I excel at working under tight deadlines with strict expectations. I possess the self-discipline and time management skills necessary to have served as an academic writer for the past five years. I can bring value to your business and help solve your administrative assistant issues.
4.70+
13+ Reviews
33+ Question Solved
Related Book For
Managerial Accounting Tools for Business Decision Making
ISBN: 978-1118856994
4th Canadian edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Ibrahim M. Aly
Question Posted:
Students also viewed these Managerial Accounting questions
-
The vice-president of operations of Holland Commercial Furniture Company is evaluating the performance of two divisions organized as investment centers. Invested assets and condensed income statement...
-
The following data refer to the successful Munger division of Buffett Inc. Munger makes and sells high-end cordless drills. The drills sell for $ 80 each, and Munger expects sales of 300,000 units in...
-
Westerville Company reported the following results from last year's operations: Sales . . . . . . . . . . . . . . . . . . . . . . $1,000,000 Variable expenses . . . . . . . . . . . . . 300,000...
-
What is the common name for the following structure? CH3 CH3 -C-Br 1 CH3 Isobutyl bromide Osec-Butyl bromide O Neobutyl bromide O Isopropyl methyl bromide t-Butyl bromide
-
As an external user of financial statements, perhaps an investor or creditor, what type of accounting information do you need?
-
\(625=x^{2}\) Solve the quadratic equation using the square root method.
-
What is the purpose in using each of the following ratios: (a) current ratio (b) net profit after tax : revenue (c) asset turnover (d) interest cover (e) dividend cover?
-
Alpha Company purchased 30% of the voting common stock of Beta Company on January 1 and paid $500,000 for the investment. Beta Company reported $100,000 of earnings for the year and paid $40,000 in...
-
ABC Inc. produced 500 tripods. The company budgets that each tripod needs three legs, and each leg should cost $5. In reality, the company actually used 1515 tripod legs, and the total costs to...
-
7. Assume the rate of return given below are for two stocks listed on the Ghana Stock Exchange (GSE) Year 1 2 3 4 5 State of economy Recession Return on stock A 0.2 0.10 0.14 0.05 0.01 a. Calculate...
-
The Transcanadian Transportation Company uses a responsibility reporting system to measure the performance of its three investment centres: planes, taxis, and limos. It measures segment performance...
-
Alcore Company estimates that 240,000 direct labour hours will be worked in the assembly department during 2016. Based on that, the following budgeted manufacturing overhead data are calculated: It...
-
Most of the discussion in the case was done from the perspective of the trading firms and the value that these technologies add to them and their customer. However, the case also mentions actions...
-
Green Chef Corporation commits to offering sustainable meal kits that minimize environmental impact while creating a delicious home-cooked meal (https://www.greenchef.com/green-practices). Please...
-
What are the mechanisms underlying gene regulation and expression variability, including transcriptional regulation, epigenetic modifications, and post-transcriptional processes, and how do these...
-
1. Wkst 2-2: form 1040 Name Date Period Directions: Using the 1040 and tax tables, answer the following questions. Eleanor is single and makes $78,000 according to her W-2. She does not have any...
-
An initial investment of $40,000 in Coronado's Bunks is expected to pay off greatly-but not equally-in each of the next 5 years. The company expects a small increase in operating income in year 1 of...
-
The net electric force on charge B is zero. qA = 4.0 nC. What is the charge on qc, in nC? Your answer needs to have 2 significant figures, including the negative sign in your answer if needed. Do not...
-
The service division of Brady Industries reported the following results for 2012 Sales $500,000 Variable costs 300,000 Controllable fixed costs 75,000 Average operating assets 450,000 Management is...
-
ABC company leased new advanced computer equipment to STU Ltd on 1 January 2019.STULtd has to pay annual rental of $290,000 starting at 1 January 2019. It is a four years lease with ultimate rental...
-
During the first quarter, Dieker Company incurs the following direct labor costs: January $40,000, February $30,000, and March $50,000. For each month, prepare the entry to assign overhead to...
-
In March, Coldplay Company completes Jobs 10 and 11. Job 10 cost $25,000 and Job 11 $30,000. On March 31, Job 10 is sold to the customer for $35,000 in cash. Journalize the entries for the completion...
-
At December 31, balances in Manufacturing Overhead are: Caroline Company- debit $1,500, Criqui Company-credit $900. Prepare the adjusting entry for each company at December 31, assuming the...
-
In developing a budget, which of the following should be considered? I. Balance sheet II. Chart of accounts III. Expenses from the current/past year IV. Purchasing contracts V. Physician compensation...
-
JOIICS SUIT SHOPSales BudgetQuarter 1Quarter 2Quarter 3Expected Sales Units150175Sales Price per Unit$250250$250otal Sales Revenue37,500$ JOIICS SUIT SHOPSales BudgetQuarter 1Quarter 2Quarter...
-
Which of the following statements is true concerning foreign income tax paid? Question 39Select one: a. If a taxpayer takes a subtraction on their Oregon return, then the subtraction is included as...
Study smarter with the SolutionInn App