Question : 116.Kragle Corporation reported the following financial data for one of : 1236782

116.Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment center profit margin is:   

A.22.3%.

B.50.5%.

C.197.9%.

D.447.6%.

E.11.3%.

117.Kragle Corporation reported the following financial data for one of its divisions for the year; average invested assets of $470,000; sales of $930,000; and income of $105,000. The investment turnover is:   

A.22.3.

B.50.5.

C.1.98.

D.447.6.

E.11.3.

118.If a company reports profit margin of 31.6% and investment turnover of 1.30 for one of its investment centers, the return on investment must be:   

A.24.3%.

B.41.1%.

C.32.9%.

D.30.3%.

E.4.11%.

119.Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Compute the division’s return on investment:   

A.18.6%.

B.21.3%.

C.17.3%.

D.10.4%.

E.14.7%.

120.Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:   

A.$150,450.

B.$196,750.

C.$150,500.

D.$133,000.

E.$100,300.

121.Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $95,000 each; 150 are street frontage lots and will sell for $65,000. The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the golf course lots using value basis.   

A.$1,920,000.

B.$720,000.

C.$1,620,800.

D.$1,579,200.

E.$1,080,000.

122.Pleasant Hills Properties is developing a golf course subdivision that includes 250 home lots; 100 lots are golf course lots and will sell for $95,000 each; 150 are street frontage lots and will sell for $65,000. The developer acquired the land for $1,800,000 and spent another $1,400,000 on street and utilities improvement. Compute the amount of joint cost to be allocated to the street frontage lots using value basis.   

A.$1,920,000.

B.$720,000.

C.$1,620,800.

D.$1,579,200.

E.$1,080,000.

123.The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Compute the amount of Purchasing department expense to be allocated to Fabrication. 

A.$6,400.

B.$9,900.

C.$8,100.

D.$17,600.

E.$25,600.

124.The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for the four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. 

A.$6,400.

B.$9,900.

C.$8,100.

D.$14,400.

E.$25,600.

125.The following is a partially completed departmental expense allocation spreadsheet for Brickland. It reports the total amounts of direct and indirect expenses for its four departments. Purchasing department expenses are allocated to the operating departments on the basis of purchase orders. Maintenance department expenses are allocated based on square footage. Compute the amount of Maintenance department expense to be allocated to Fabrication. 

A.$6,400.

B.$9,900.

C.$8,100.

D.$9,000.

E.$25,600.