I have done my work on the attached questions, but I know I missed something. It doesn't look right. Can you look it over and tell me what I did wrong. this class is confusing.

WHB ACC 650 Module 6 12072016 Name: 12-33 13-27 13-28 13-29 Identifying the correct Proper Proper format Well written amounts Calculations for numbers reponse 10.00 16.00 2.00 6.00 2.00 6.00 1.00 3.00 4.00 Score test test test test Total 26.00 8.00 8.00 8.00 - Format Legend Entry Points Checksums Feedback Score Corrected entry 50.00 12-33 Amt 10.00 Calc Format 16.00 Resp Total - 26.00 - Countywide Cable Services, Inc. is organized with three segments: Metro, Suburban, and Outlying. Data fo Service Revenue Variable Expenses Controllable Fixed Expenses Fixed Expenses controllable by others $ $ $ $ Metro 1,000,000 200,000 400,000 230,000 Common Fixed Expenses Income Tax Expense $ $ 95,000 145,000 Required: Prepare a segmented income statement for Countywide Cable Services, Inc. Use the contribution fo Segmen Countrywide Cable Sales Revenue Variable Expenses Segment Contribution Margin Less: Controllable Fixed Exp Controllable Profit Margin Less: Traced to Unit, Controlled by others Segment Profit Margin Less: Common Fixed Expenses Income before taxes Less: Income taxes Net income $ $ $ $ $ $ $ $ $ $ $ 2,200,000 450,000 1,750,000 870,000 880,000 520,000 360,000 95,000 265,000 145,000 120,000 $ $ $ $ $ $ $ Metro 1,000,000 200,000 800,000 400,000 400,000 230,000 170,000 n, and Outlying. Data for these segments for the year just ended follow. $ $ $ $ Suburban 800,000 150,000 320,000 200,000 $ $ $ $ Outlying 400,000 100,000 150,000 90,000 Willard H Berry 9/28/2016 Use the contribution format. $ $ $ $ $ $ $ Segment Suburban 800,000 150,000 650,000 320,000 330,000 200,000 130,000 $ $ $ $ $ $ $ Outlying 400,000 100,000 300,000 150,000 150,000 90,000 60,000 13-27 Amt 2.00 Calc 6.00 Format Resp - Total - 8.00 - Golden Gate Construction Associates, a real estate developer and building contractor in San Francisco equity. The cost to Golden Gate of issuing debt is the after-tax cost of the interest payments on the deb payments are tax deductible. The cost of Golden Gate's equity capital is the investment opportunity rate could earn on investments of similar risk to that of investing in Golden Gate Construction Associates. Th long-term debt is 10 percent, and the company's tax rate is 40 percent. The cost of Golden Gate's equit value (and book value) of Golden Gate's equity is $90 million. Debt Debt-Rate Equity Equity-Rate Tax Rate $ $ 60,000,000 10% 90,000,000 15% 40% Required: Calculate Golden Gate Construction Associates' weighted-average cost of capital. WACC 13-28 Amt 2.00 Calc 6.00 11.40% Format Resp - Total - 8.00 - The company has two divisions: the real estate division and the construction division. The divisions' tota operating income for the most recent year are as follows: Total Assets Real Estate Construction Current Liabilities $ 100,000,000 $ 6,000,000 $ 60,000,000 $ 4,000,000 Before-Tax Operating Income $ 20,000,000 $ 18,000,000 Required: Calculate the economic value added (EVA) for each of Golden Gate Construction Associates' div average cost of capital, which was computed in the preceding exercise.) Net Capital WACC Needed Return $ $ Real Estate 94,000,000 $ 11.40% 10,716,000 $ After Tax Income Less: Needed Return EVA $ $ $ 8,000,000 $ 10,716,000 $ (2,716,000) $ Construction 56,000,000 11.40% 6,384,000 7,200,000 6,384,000 816,000 ntractor in San Francisco, has two sources of long-term capital: debt and est payments on the debt, taking into account the fact that the interest vestment opportunity rate of Golden Gate's investors, that is, the rate they onstruction Associates. The interest rate on Golden Gate's $60 million of st of Golden Gate's equity capital is 15 percent. Moreover, the market of capital. ivision. The divisions' total assets, current liabilities, and before-tax truction Associates' divisions. (You will need to use the weighted- 13-29 Amt 1.00 Calc Format 3.00 - Resp Total 4.00 8.00 - Wyalusing Industries has manufactured prefabricated houses for over 20 years. The houses are constr customers' lots. Wyalusing expanded into the precut housing market when it acquired Fairmont Compa types of lumber are precut into the appropriate lengths, banded into packages, and shipped to custome Fairmont Division as an investment center. Wyalusing uses return on investment (ROI) as a performanc productive assets. Management bonuses are based in part on ROI. All investments are expected to ear income taxes. Fairmont's ROI has ranged from 19.3 to 22.1 percent since it was acquired. Fairmont ha estimated ROI of 18 percent. Fairmont's management decided against the investment because it believ division's overall ROI. The 20x1 income statement for Fairmont Division follows. The division's producti a 5 percent increase over the balance at the beginning of the year. FAIRMONT DIVISION Income Statement For the Year Ended December 31, 20x1 (in thousands) Sales Revenue Cost of Goods Sold Gross Margin Operating Expenses Administrative Selling Income before Income taxes Required Rate of Return Productive Assets at the End of the Year Growth during year 15% $ 12,600,000 5% Required: Calculate the following performance measures for 20x1 for the Fairmont Division. a. Return on investment (ROI). Productive Assets at the Start of the Year Productive Assets at the End of the Year Average Productive Assets ROI $ $ $ 12,000,000 12,600,000 12,300,000 20.00% b. Residual income. Average Productive Assets Required Rate of Return Required Return $ $ 12,300,000 15.00% 1,845,000 Residual Income $ 10,455,000 Would the management of Fairmont Division have been more likely to accept the invest residual income were used as a performance measure instead of ROI? Explain your ans The houses are constructed in sections to be assembled on uired Fairmont Company, one of its suppliers. In this market, various nd shipped to customers' lots for assembly. Wyalusing designated the (ROI) as a performance measure with investment defined as average nts are expected to earn a minimum return of 15 percent before acquired. Fairmont had an investment opportunity in 20x1 that had an tment because it believed the investment would decrease the The division's productive assets were $12,600,000 at the end of 20x1, ISION ment ember 31, 20x1 ds) rmont Division. $ $ $ 24,000 15,800 8,200 $ $ 5,740 2,460 $ 2,140 $ 3,600 y to accept the investment opportunity it had in 20x1 if ROI? Explain your