A division in XYZ Co had the following financial data for 2019 sales $500,000, average operating assets $200,000, margin (or profit margin) 4 , minimum required rate of return 8 What was the return on investment for the division A 10 B 20 C 16 D 12 Patricias housekeeping company has the following data projected for June Beginning cash balance $24,500 Cash collections from customers 36,200 Cash disbursements 54,300 Patricia wants to maintain a cash balance of $10,000 or more Any amount below this can be borrowed from a local bank as needed in increments of $1,000 All borrowings are made at month end In Patricia's cash budget for June, how much money will Patricia need to borrow at month end A $4,000 B $5,000 C $7,000 D $6,000 Lee Company's standards for the most recent period are given below Fixed and variable manufacturing overhead costs are applied to products on the basis of machine hours The denominator volume of machine hours is 9,000 Standard Quantity or Hours per unit Standard Price or Rate per unit Standard Cost per unit Direct Materials 3 feet $6 per foot $18 Direct Labor 1 5 direct labor hours $10 per direct labor hour $15 Variable Overhead 2 machine hours $12 per machine hour $24 Fixed Overhead 2 machine hours $15 per machine hour $30 Actual costs for the most recent period, during which 5,000 units of output were actually produced and used 9,600 machine hours, are given below Direct Materials The firm purchased 16,000 feet at $6 30 per foot, but only used 14,500 feet in production Direct Labor The firm used 7,150 direct labor hours and paid $11 per direct labor hour Variable Overhead Actual variable overhead costs were $122,880 Fixed Overhead Actual fixed overhead costs were $142,000 What was the companys material price variance A $4,350 favorable B $4,800 unfavorable C $4,800 favorable D $4,350 unfavorable XYZ Co s expected sales for upcoming months are as follows Sales revenue June $60,000 July $80,000 August $100,000 All sales are on credit Suppose XYZ collects 60 of credit sales in the month of sale, and collects 40 in the following month How much cash the company can collect in July A $68,000 B $74,000 C $72,000 D $70,000

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A division in XYZ Co. had the following financial data for 2019: sales $500,000, average operating assets $200,000, margin (or profit margin) 4%, minimum required

A division in XYZ Co. had the following financial data for 2019: sales $500,000, average operating assets $200,000, margin (or profit margin) 4%, minimum required rate of return 8%. What was the return on investment for the division?

A.
10%.

B.
20%.

C.
16%.

D.
12%.
Patricias housekeeping company has the following data projected for June.

Beginning cash balance

$24,500

Cash collections from customers

36,200

Cash disbursements

54,300

Patricia wants to maintain a cash balance of $10,000 or more. Any amount below this can be borrowed from a local bank as needed in increments of $1,000. All borrowings are made at month end. In Patricia's cash budget for June, how much money will Patricia need to borrow at month end?

A.
$4,000

B.
$5,000

C.
$7,000

D.
$6,000

Lee Company's standards for the most recent period are given below. Fixed and variable manufacturing overhead costs are applied to products on the basis of machine hours. The denominator volume of machine hours is 9,000.

	Standard Quantity or Hours per unit	Standard Price or Rate per unit	Standard Cost per unit
Direct Materials	3 feet	$6 per foot	$18
Direct Labor	1.5 direct labor hours	$10 per direct labor hour	$15
Variable Overhead	2 machine hours	$12 per machine hour	$24
Fixed Overhead	2 machine hours	$15 per machine hour	$30

Actual costs for the most recent period, during which 5,000 units of output were actually produced and used 9,600 machine hours, are given below:

Direct Materials	The firm purchased 16,000 feet at $6.30 per foot, but only used 14,500 feet in production.
Direct Labor	The firm used 7,150 direct labor hours and paid $11 per direct labor hour.
Variable Overhead	Actual variable overhead costs were $122,880.
Fixed Overhead	Actual fixed overhead costs were $142,000.

What was the companys material price variance?

	A.	$4,350 favorable
	B.	$4,800 unfavorable
	C.	$4,800 favorable
	D.	$4,350 unfavorable

XYZ Co.s expected sales for upcoming months are as follows:

Sales revenue

June........................

$60,000

July........................

$80,000

August....................

$100,000

All sales are on credit. Suppose XYZ collects 60% of credit sales in the month of sale, and collects 40% in the following month. How much cash the company can collect in July?

A.
$68,000

B.
$74,000

C.
$72,000

D.
$70,000