Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your company worked on the projects shown as follows during the last year. Analyze the different profit centers based on their gross profit margins, their

Your company worked on the projects shown as follows during the last year. Analyze the different profit centers based on their gross profit margins, their return on cash invested in the projects, and their use of managements time. One project manager can oversee four subdivisions or one road construction project.

Profit Center Revenues ($) Gross Profit ($) Ave. Monthly Investment ($) Duration Months Subdivision 500,000 73,334 83,333 6 Subdivision 375,000 46,954 75,000 5 Subdivision 177,000 17,079 44,250 4 Road 1,123,000 137,968 140,375 8 Road 1,564,800 112,660 156,480 10

Calculate the average monthly investment for the Subdivision Profit Center.

$202,583

$87,667

$16,882

$16,881

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_2

Step: 3

blur-text-image_3

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

Throughput Modeling Financial Information Used By Decision Makers

Authors: Waymond Rodgers

1st Edition

0762303409, 978-0762303403

More Books

Students also viewed these Accounting questions

Question

What are some audit procedures that can be performed using CAATs?

Answered: 1 week ago

Question

8. Explain the relationship between communication and context.

Answered: 1 week ago

Question

d. How were you expected to contribute to family life?

Answered: 1 week ago