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can someone please answer questions 2,3,4, and 5 please! that is all i need Big Boats, Inc, makes luxury speed boats for water skiing. Actual
can someone please answer questions 2,3,4, and 5 please! that is all i need
Big Boats, Inc, makes luxury speed boats for water skiing. Actual results and the static budget for the year are presented below. Sales commissions are computed at 5% of gross sales. The expected ROI for this subsidiary is 26% The budget was based on 100 boats being sold. Actual sales for the year was 80 boats. The showroom is 10,000 square feet. Management has a policy of reviewing in more detail any overall budget variances in excess of 10% if the amount is $10,000 or greater. 2. Compute the return on investment using average total assets. a. Average total assets round to the nearest whole dollar b. Return on investment 1.08 ' round to the nearest tenth percent c. Did the company meet, exceed, or fall shert of expectations? 3. Compute residual income. roand to the nearest whole dollar 4. (D) What is the expectation for wrerage sale price per the static budget? (b) What was the actual werege sales price? round to the nearest whole dollar round to the nearest whole dollar 5. (a) What is the expectation for cales per square foot per the satic budect? round to the nearest whole dollar Step by Step Solution
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