Question
Dynamic Corporation provides the following financial information: Minimum acceptable operating income $520,000 Average total assets $2,000,000 Operating income $705,000 Return on investment 35% Net sales
Dynamic Corporation provides the following financial information: Minimum acceptable operating income $520,000 Average total assets $2,000,000 Operating income $705,000 Return on investment 35% Net sales $825,000 Calculate the residual income of Dynamic Corporation. A. $1,480,000 B. $305,000 C. $185,000 D. $6,521,250
Titanium, Inc. reports the following information for April:
Alpha | Beta | |
Units sold | 3,000 units | 750 units |
Sales price per unit | $350 | $600 |
Variable manufacturing cost per unit | 200 | 500 |
Sales commission per unit: | ||
Alpha: 8% of sales price | 28 | |
Beta: 6% of sales price | 36 |
What is the contribution margin ratio of Beta? (Round your answer to two decimal places.)
A.
16.67%
B.
42.86%
C.
10.67%
D.
6.00%
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