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Gilde Industries is a division of a major corporation. Last year the division had total sales of $23,380,000, net operating income of $2,828,980, and average operating assets of $7,000,000. The company's minimum required rate of return is 12%.
Required:
a. What is the division's margin?
b. What is the division's turnover?
c. What is the division's return on investment (ROI)?
Kirby, Inc. records a sale with a gross margin of $1,400. Which one of the following statements correctly describes the effect of such a sale on its balance sheet?
Z later sells the land to another outside party for $40,000 (T3). Assume that only T1 and T2 are completed during the current period. Illustrate what is the amount of gain reported in A Company's consolidated financial statements?
As the sales increases further it is recommended that both strategies are used forever as in goods business the better the customer is aware of the goods and deals better would be its demand.
Trevor Smith contributed equipment, inventory, and $48,000 cash to a partnership. The equipment had a book value of $28,000 and a market value of $31,000. The inventory had a book value of $90,000, but only had a market value of $50,000, due to obsol..
Journalize the transactions of November 10. What is balance in Treasury Stock on December 31 of the current year?
Top management at radio 2UE ordered the station's broadcaster not to make derogatory comments about McDonald's on air or the station would lose its $170,000 advertising account with the fast-food chain, according to a leaked in internal memo.
Advise Polaris Ltd whether it is required In pnxitze consolitiated financial .lawinciti% (CF31. Consider the levels of control and the iuentbers' rights in vow answer
Purpose the necessary general journal entries for the month of October for the Seinfeld Company for each situation given below. Seinfeld uses a perpetual inventory system.
Margaret Brown and Joel Lee each own 50% of Designs Inc. with no other class of stock authorized. On June 6, 2009, they formed to provide design services.
the statement of cash flow put an article link after your answer to support itthe income statement and the operating
Show in good form the income statement of ABC Corporation for 2011 starting with "income from continuing operations." Suppose that ABC's tax rate is 40 percent and 100,000 shares of common stock were outstanding during the year.
describe the value and non value added in the activities of insurance business.prince insurance company is reviewing
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