Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1 CCT 254 Module 9 Assignment ACCT 254 Module 9 Assignment 1. For 2014. Division C of Deerfield Company reported operating assets of $8,800,000, revenues

image text in transcribed
1 CCT 254 Module 9 Assignment ACCT 254 Module 9 Assignment 1. For 2014. Division C of Deerfield Company reported operating assets of $8,800,000, revenues of $6,600,000, and operating expenses of $5,760,000. The company has established a target return on investment (ROI) of 10% for the division Qequired: 1) Calculate the 2014 ROI for the division. Did the division achieve its target ROI for the year? 2) For 2015. Division C managers expect that its operating assets will stay at about the same level as for 2014. Variable expenses for 2014 were $3.960,000, and the remaining expenses were fixed. The managers expect that the contribution margin ratio for 2015 will be the same as for 2014 and that the amount of fixed expenses will not change. To what level must sales increase in 2015 to achieve the target ROI

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Accounting Principles And Applications

Authors: Horace R. Brock

5th Edition

0070081522, 978-0070081529

More Books

Students also viewed these Accounting questions

Question

1.5 Discuss foodservice trends.

Answered: 1 week ago

Question

=+ Where, how, why, and when are the products to be bought abroad?

Answered: 1 week ago