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Please only correct answers. I posted this already and was given the wrong answers. The centralized computer technology department of Hardy Company has expenses of
Please only correct answers. I posted this already and was given the wrong answers.
The centralized computer technology department of Hardy Company has expenses of $320,000. The department has provided a total of 4,000 hours of service for the period. The Retail Division has used 2,750 hours of computer technology service during the period, and the Commercial Division has used 1,250 hours of computer technology service. Additional data for the two divisions is following below Retail Division Commercial Division Sales $1,200,000 $2,150,000 Cost of goods sold 1,300,000 800,000 Selling expenses 150,000 175,000 Determine the divisional income from operations for the Retail Division and the Commercial Division. Do not round interim calculations. Hardy Company Divisional Income from Operations Retail Division Commercial Division Sales 2,150,000 1,200,000 Cost of goods sold 1,300,000 800,000 Gross profit 850,000 400,000 Service department charges x_ 220,000 100,000 X X Income from operations before service department charges 300,000 X 630,000 X $ Selling expenses x 175,000X 150,000 X 480,000 125,000 Income from operations Profit Margin, Investment Turnover, and ROI Cash Company has income from operations of $51,408, invested assets of $204,000, and sales of $571,200. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places. a. Profit margin b. Investment turnover c. Return on investment Residual Income The Consumer Division of Galena Company has income from operations of $72,380 and assets of $208,000. The minimum acceptable return on assets is 12%. What is the residual income for the divisionStep by Step Solution
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