Unit 7 Chapter 10 Connect Homework Assignment (ACCT211H)

School: Post University - Course: ACCT 211H - Subject: Accounting

Unit 7 Chapter 10 Connect Homework Assignment(ACCT211H) 1.Westerville Company reported the following results from last year's operations: Sales$ 1,800,000 Variable expenses435,000 Contribution margin1,365,000 Fixed expenses1,005,000 Net operating income$ 360,000 Average operating assets$ 1,200,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales$ 360,000 Contribution margin ratio70 % of sales Fixed expenses$ 216,000 The company's minimum required rate of return is 10%. What is last year's margin? 20% Profit Margin = Net Income / Sales = $360000/1800000= 20% Margin 20%
2.Westerville Company reported the following results from last year's operations: Sales$ 1,800,000 Variable expenses435,000 Contribution margin1,365,000 Fixed expenses1,005,000 Net operating income$ 360,000 Average operating assets$ 1,200,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales$ 360,000 Contribution margin ratio70 % of sales Fixed expenses$ 216,000 The company's minimum required rate of return is 10%. What is last year's turnover? 1.5 Turnover 1.5 Sales$ 1,800,000 Average operating assets$ 1,200,000 Turn over1.5
3.Westerville Company reported the following results from last year's operations: Sales$ 1,800,000 Variable expenses435,000 Contribution margin1,365,000 Fixed expenses1,005,000 Net operating income$ 360,000 Average operating assets$ 1,200,000 At the beginning of this year, the company has a $300,000 investment opportunity with the following cost and revenue characteristics: Sales$ 360,000 Contribution margin ratio70 % of sales Fixed expenses$ 216,000 The company's minimum required rate of return is 10% What is last year's return on investment (ROI)? 30% ROI 30% Margin 20% Turn over 1.5 ROI30%

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