Answered step by step
Verified Expert Solution
Question
1 Approved Answer
FACTS -- An investment center for Tiger, Inc. started the year with $1,750,000 in operating assets and finished the year with $2,200,000 in operating assets.
FACTS -- An investment center for Tiger, Inc. started the year with $1,750,000 in operating assets and finished the year with $2,200,000 in operating assets. The following financial information is for that investment center of Tiger, Inc.: Budgeted Actual Sales $ 1,000,000.00 $ 950,000.00 VC COGS Selling and Admin Total $ 350,000.00 $ 160,000.00 $ 510,000.00 $360,000.00 $ 155,000.00 $ 515,000.00 Controllable FC COGS Selling and Admin Other Fixed Costs Total $ 100,000.00 $ 80,000.00 $ 60,000.00 $ 240,000.00 $ 100,000.00 $ 80,000.00 $ 60,000.00 $ 240,000.00 4. 5. 6. 7. What is the budgeted contribution margin for the investment center? What is the actual controllable margin for the investment center? What is the actual ROI (i.e., return on investment) for the investment center? Expressed as a positive number, what is the difference between the budgeted ROI for the investment center and the actual ROI for the investment center
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started