Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Assume All About Shoes Corporation has a division manager that is considering investing in the Hiking Shoes Project which had the following results last year

image text in transcribedimage text in transcribed

Assume All About Shoes Corporation has a division manager that is considering investing in the Hiking Shoes Project which had the following results last year (in thousands) Management's target rate of return is 20%. The division manager's current ROI before the investment is 30%. Sales $5,000,000 Operating income 250,000 Total assets 1,000,000 Current liabilities 750,000 What is the the project's Return on Investment (ROI) and would the corporation's division manager accept or reject the project if the manager was evaluated using ROI ? O A. 5% and reject O B. 25% and accept O C. 25% and reject OD. 100% and accept Everyone Deserves to Smile mobile dentist office budgeted for 4,350 patient visits a year. Everyone Deserves to Smile actually saw 4,450 patients during the year and they have provided the following data: Variable Portion per Fixed Portion for Budget patient visit for Budget Actual Results Revenue $66.00 $404,800 Personnel Expenses $100,000 $96.000 Medical Supplies $9.00 $38,200 Occupancy Expenses $8.000 $1.25 $18,000 Admin Expenses $18,000 $0.50 $19,750 Based on the given information, what is the volume variance for personnel expenses? O A. $4,000 Unfavorable OB. $4,000 Favorable OC. SO OD. Cannot be determined

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

Step: 3

blur-text-image

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

Macroeconomics Principles Applications And Tools

Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez

7th Edition

978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234

Students also viewed these Accounting questions

Question

Describe three types of learning discussed in the work of Koffka.

Answered: 1 week ago

Question

How does the concept of hegemony relate to culture?

Answered: 1 week ago