Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales

image text in transcribedimage text in transcribed
Evergreen Corporation has two major divisions: Agricultural Products and Industrial Products. It provides the following information for the year. Agriculture Division Industrial Division Net sales $160,000 $1,500,000 Operating income $18,000 $225,000 Average assets $300,000 $5,620,000 Calculate the profit margin ratio for the Industrial Division of the company. (Round your answer to two decimal places.) 0 A. 15% O B. 11.25% 0 c. 4% O D. 6% A company sells two products with information as follows: A B Sales price per unit $11 $28 Variable cost per unit $10 $12 The products are machine made. Four units of product A can be made with one machine hour and two units of product B can be made with one machine hour. The company has a maximum of 4,000 machine hours available per month. The company can sell up to 18,000 units of product A per month, and up to 3,000 units of product B for the month. What is the optimum product mix to maximize the company's operating income? O A. 10,000 units of A and zero units of B O B. 10,000 units of A and 3,000 units of B O C. zero units of A and 3,000 units of B O D. 1,500 units of A and 58,000 units of B

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

Managerial Accounting

Authors: Susan V. Crosson, Belverd E. Needles

10th edition

1133940595, 978-1133940593

More Books

Students also viewed these Accounting questions

Question

Be prepared to discuss your career plans.

Answered: 1 week ago

Question

3. Tactical/strategic information.

Answered: 1 week ago

Question

3. To retrieve information from memory.

Answered: 1 week ago

Question

2. Value-oriented information and

Answered: 1 week ago