A Real estate broker has a fiduciary responsibility to her client and her responsibilities include financial references, orders and examine reports, and must follow ADA title lll. This broker is most likely working for the client as:

Answers

Answer 1

Answer:owowo

Explanation:

Isidore


Related Questions

You're trying to save to buy a new $207,000 Ferrari. You have $57,000 today that can be invested at your bank. The bank pays 6.5 percent annual interest on its accounts. How long will it be before you have enough to buy the car?

Answers

Answer:

19.84 years

Explanation:

Number of years =  in ( fv / pv) / r  

FV = future value

PV = present value

r = interest rate

IN(207000 / 57000) / 0.065

IN (3.631579) / 0.065 = 19.84

If the importer... the bill

Answers

Answer:

sorry

Explanation:

TRUE OR FALSE?WHY?
The goods that the enterprise wants or intends to add to its capital stock are inventories.

Answers

Answer:

True

Explanation:

Because for their profit

Network externalities: Select one: A. exist when the usefulness of a product increases with the number of consumers who use it B. are created when celebrity endorsements of products lead to a surge in the demand for those products C. can only exist when there are economies of scale D. prevent the dominance of a market by one firm.

Answers

Answer:

A. )exist when the usefulness of a product increases with the number of consumers who use it

Explanation:

Network externality can be regarded as a change that occur in benefit as well as in surplus, which is been derived by agent from a good when there is a change in number of other agents that consumes this same type of good. Network externality can as well be regarded as "network effect" this effect is one is that is been had by one user of a good/service on the value of the product with respect to each other people.

It should be noted that Network externalities exist when the usefulness of a product increases with the number of consumers who use it

Vera PLC uses exponential smoothing with trend to forecast monthly sales. At the end of September, Small Industries PLC hopes to forecast sales for October. The trend through August has been 500 additional unit sales per month (Tt-1). Average sales have been 1800 units per month (St-1). The demand for September was 1780 units (AL). Vera PLC uses alpha (a) - 0.2 and Beta (B)-0.3. Note: This Forecasting Question relates to Questions 65-67. Following the first stage of the trend-adjusted exponential smoothing method, smooth the level of the series and calculate St for Vera PLC. (retain your answer and calculation for:________
a) 1985
b) 2563
c) 2196
d) 2144
e) 2373

Answers

Answer:

Option c (2196) is the right solution.

Explanation:

Given:

[tex]\alpha = 0.2[/tex]

[tex]\beta=0.3[/tex]

[tex]A_t=1780[/tex]

By using the formula, we get

⇒ [tex]S_t=\alpha\times A_t+(1-\alpha)\times (S_{t-1}+T_{t-1})[/tex]

By substituting the values, we get

        [tex]=0.2\times 1780 + (1 - 0.2)\times (1800+500)[/tex]

        [tex]=356+0.8\times 2300[/tex]

        [tex]=356+1840[/tex]

        [tex]=2196[/tex]

Check My Work Which of the following moves the pizza market up along a given supply curve? a. a decrease in the price of cheese, an input to pizza b. a kitchen fire that destroys a popular pizza joint c. an increase in the price of pizza d. an increase in the price of root beer, a complement to pizza

Answers

Answer: c. an increase in the price of pizza

Explanation:

When there is a movement along the supply curve of a given commodity, it means that the commodity simply went through a price change because the supply curve is meant to depict the quantity supplied at various prices.

If there is an increase in the price of pizza therefore, the pizza market would be moved along the given supply curve.

The other options would cause a shift in the supply and demand curves instead of a movement along.

Capstone Inc. collects 85% of its sales on account in the month of the sale and 15% in the month following the sale. If sales on account are budgeted to be $265,000 for September and $225,000 for October, what are the budgeted cash receipts from sales on account for October? $fill in the blank 1

Answers

Answer: $231,000

Explanation:

The budgeted cash receipts in October is:

= (85% * October sales) + (15% * September sales)

= (85% * 225,000) + (15% * 265,000)

= 191,250 + 39,750

= $231,000

A project manager forgets to assess how national holidays and team member vacations will affect the project’s completion date. Now, because of team member time off, the project delivery will be two weeks late. What flexible planning strategy could the project manager have used to avoid the delay?

Answers

The flexible strategy is used to avoid the delay in assessing the external constraints.

The following information regarding accessing external constraints:

It could be thrust upon an organization.It permits for uncovering the things that are beyond the control.The example involved national holidays or sick leaves.

If we accessing the external constraints so the delay could be avoided.

So, The other options seem incorrect

Therefore we can conclude that the flexible strategy is used to avoid the delay in assessing the external constraints.

Learn more about the external constraints here: brainly.com/question/17156848

To reduce delays in considering external restrictions, a flexible technique is employed. The following details about external limitations are available:

It has the potential to be imposed on a company.It enables us to see what we can't see.National holidays and sick leave were used as examples.The delay may be minimized if we used external limitations.It concludes that the flexible technique is employed in order to prevent a delay in considering external limitations.

Therefore, "Assessing external constraints" is correct.

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Coronado Industries can produce 100 units of a component part with the following costs: Direct Materials $24000 Direct Labor 8500 Variable Overhead 22000 Fixed Overhead 11000 If Coronado Industries can purchase the units externally for $60000, by what amount will its total costs change

Answers

Answer:

Increase of $5,500

Explanation:

The computation of the change in the total cost is given below:

Total cost at the time of producing is

= Direct material + direct labor + variable overhead

= $24,000 + $8,500 + $22,000

= $54,500

And, the cost of purchasing the unit is $60,000

So, there is an increase of

= $60,000 - $54,500

= $5,500

The same should be relevant

Should we, as Americans, be concerned with the economies and standard of living of other countries?

Answers

Answer: No the economy and standard of living should be american's focus.

Explanation: If we as american's can't find a solution to our own problem's then it's unlikely that we would be able to solve another countries problems.

No, If we as Americans can't find a solution to our own problem because there exist many differences in the levels of living between various countries.

What is the standard of living?

Standards of living can concern multiple aspects of a population, including satisfaction and productivity. This stands significant because the more significant productivity and happiness exist, the more suitable an economy grows to be as a whole.

The real cause for the dissimilarities in the levels of living between various countries exists the dissimilarity in their levels of national income. The group of national income relies upon the entire volume of an exhibition in the country.

To learn more about standard of living refer to:

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Swifty Corporation manufactures a product with a unit variable cost of $100 and a unit sales price of $176. Fixed manufacturing costs were $480000 when 10000 units were produced and sold. The company has a one-time opportunity to sell an additional 1000 units at $145 each in a foreign market which would not affect its present sales. If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:
Income would increase by $45000.
Income would increase by $3000.
Income would increase by $145000.
Income would decrease by $3000.
Coronado Industries is using the target cost approach on a new product. Information gathered so far reveals:
Expected annual sales 350000 units
Desired profit per unit $0.35
Target cost $168000
What is the target selling price per unit?
a. $0.48
b. $0.35
c. $0.70
d. $0.83

Answers

Answer:

1. Swifty Corporation

If the company has sufficient capacity to produce the additional units, acceptance of the special order would affect net income as follows:

Income would increase by $45000.

2. Coronado Industries:

The target selling price per unit is:

d. $0.83

Explanation:

a) Data and Calculations:

Swifty Corporation:

Variable cost per unit = $100

Sales price per unit = $176

Contribution margin per unit = $76 ($176 - $100)

Fixed manufacturing costs = $480,000

Production and sales units = 10,000 units

Revenue from special order = $145,000 ($145 * 1,000)

Variable costs for 1,000 units    100,000 ($100 * 1,000)

Contribution margin                  $45,000 ($145,000 - $100,000)

Fixed costs for special order         $0

Net income =                             $45,000

Coronado Industries:

Expected annual sales 350,000 units

Desired profit per unit $0.35

Target cost $168,000

Desired profit = $122,500 (350,000 * $0.35)

Total sales revenue = $290,500 ($168,000 + $122,500)

Target selling price per unit = $0.83 ($290,500/350,000)

state and explain five (5) challenges you will encounter as a service marketer.

Answers

Explanation:

1.Not finding your market segment

2.Not knowing how to explain the product or dervice you want to sell

Some of the challenges a service marketer faces are:

It being harder to sell a service than a product. The fact that services are perishable. Services being variable which means that others can offer it. Customers being rude. Finding it difficult to find a niche.

A service marketer will find it harder to sell a service than a good because services are perishable which means that they cannot be stored like goods. People might therefore not want to buy because they can only use the service once.

Services are also variable which means that several people can offer it at reduced prices which makes it difficult to make a profit. Customers can also be rude.

Some services are also applicable to certain people and finding those people can be difficult to a service marketer.

Find out more on service marketing at https://brainly.com/question/6474788.

________ refers to a method of matching a single project of a company to another company with a single business focus in an effort to assign an appropriate level of risk to the project. A. Outside assignment B. Ghosting C. Subjective assignment D. Pure play

Answers

The method that should be matched the individual project of a company to the other company having an individual business focus for allocating a risk level is pure-play.

The information related to the pure-play is as follows:

It is to be focused on one business line only.It is distinct from the expanded companies where there are diversify product lines and revenue sources. It determined the beta coefficient because it compared to the other project as an individual business focus.

So it cannot be as the outside assignment, ghosting, and subjective assignment.

Therefore we can conclude that the method that should be matched the individual project of a company to the other company having an individual business focus for allocating a risk level is a pure-play.

Learn more about the level of risk here: brainly.com/question/10820234

Which of the following is not an appropriate member of an audit committee?
A А.
An academic specializing in business administration
B
The organization's vice president of operations.
С.
A retired executive of a firm that had been associated with the organization
D
The vice president of the local bank used by the organization

Answers

It’s B, have a good day☀️

A job was budgeted to require 5 hours of labor per unit at $12.00 per hour. The job consisted of 8,100 units and was completed in 37,500 hours at a total labor cost of $489,800. What is the direct labor rate variance

Answers

Answer:

3,800 unfavorable

Explanation:

A job was budgeted at 5 hours of labour unit at $12 for an hour

The job consists of 8,100 units

It was completed in 37,500 hours

The total labor cost is $489,800

The direct labor rate variance can be calculated as follows

= 5×12×8100

= 486,000

486,000-489,800

= -3,800(since It has a negative sign it is unfavorable)

= 3,800 unfavorable

A firm has net working capital of $560, net fixed assets of $2,306, sales of $6,700, and current liabilities of $870. How many dollars worth of sales are generated from every $1 in total assets?
a. $1.70.
b. $2.52.
c. $1.63.
d. $1.87.
e. $2.09.

Answers

Answer:

1.79

Explanation:

Net working capital is $560

Net fixed assets is $2,306

Sales is $6,700

Liabilities is $870

Therefore the amount of dollar wort sales generated in every $1 can be calculated as follows

= 560+870

= 1,430

6700/1430+2,306

= 6700/3736

= 1.79×1

= 1.79

Each of Professor A and Professor B at UTD has a private secretary, who can type four letters per hour. The letters are generated at a rate of three per hour by each of the two professors, who have been wondering if they would benefit from pooling the two secretaries. Perform a queuing analysis. What is the average waiting time of a letter in the system.

Answers

Answer:

Average waiting time = 7.5 minutes

Explanation:

UTD private secretary can type the number of letters = 4  per hour by each.

By professor, the letter generated = 3 per hour by each

Thus by pooling the average time will be the time that comes by dividing the one hour with total letters in an hour.

Use the below formula:

Average waiting time = Minutes in one hour / total letters

Average waiting time = 60 / 8

Average waiting time = 7.5 minutes

Joe had made an agreement with Auto Insurance Co. not to use his van for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza, Inc. For which type of violation will Joe not be covered under his insurance?

Answers

Answer:

.Concealment

Explanation:

From the question we are informed about Joe who had made an agreement with Auto Insurance Co. not to use his van for commercial business purposes when he purchased auto insurance. Joe had an accident while delivering pizzas for Bigger Pizza, Inc. the type of violation that Joe will not be covered under his insurance is Concealment.

Concealment can be regarded as omission of information during insurance process, which would definitely has effect on the issuance as well as the rate of an insurance contract. In a case whereby the insurer is unable to get access to the nondisclosed information and the

nondisclosed information is material as regards the decision-making process, nullification of the insurance contract can be carried out by the insurer.

The managerial accountant at Fast and Mean Manufacturing reported that the organization contains an automated production line to manufacture and produce its products for consumers to enjoy in the marketplace. The managerial accountant reported that the company uses the high-low method to estimate the costs in the new budget. The managerial accountant reported the following information: Month Total Machine-Hours Total Costs January 250,000 $5,500,000 February 248,000 $5,260,000 March 249,000 $5,400,000 April 248,000 $5,220,000 May 238,000 $5,180,000 June 230,000 $5,130,000 Compute the slope of the mixed cost, or the variable cost per unit of activity. Compute the vertical intercept, or the fixed cost component of the mixed cost. What is the mixed cost equation

Answers

Answer: See explanation

Explanation:

1. Compute the slope of the mixed cost, or the variable cost per unit of activity.

Variable cost per unit will be:

= (Total Cost at the highest level-l - total cost at the lowest level) / (Highest activity level - lowest activity level)

= (5500000 - 5130000)/(250000 - 230000)

= 370000/20000

= $18.50

2. Compute the vertical intercept, or the fixed cost component of the mixed cost.

The fixed cost will be:

= Total cost - Variable cost

= $5,500,000 - (25,000 × $18.50)

= $5,500,000 - $4,625,000

= $875,000

3. What is the mixed cost equation

Mixed Cost equation will be:

= Fixed Cost + (Variable cost per unit × Total Units of activity )

= 875000 + (18.75 × x)

Y = 875000 + 18.75x

On September 1, Home Store sells a mower (that costs $320) for $620 cash with a one-year warranty that covers parts. Warranty expense is estimated at 8% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $43 in materials taken from the Repair Parts Inventory. Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs. (Round your answers to 2 decimal places.) View transaction list Journal entry worksheet 3 4 Record the cost of mower sales. Note: Enter debits before credits. General Journal Debit Credit Date Sep 01 Record entry Clear entry View general journal

Answers

Answer:

Sep 1

Dr Cash $620

Cr Sales revenue $620

Sep 1

Dr Cost of Goods Sold $320

Cr Inventory $320

Sep 1

Dr Warranty expense $47

Cr Estimated warranty liability $47

Jan 24

Dr Estimated warranty liability $43

Cr Repair parts inventory $43

Explanation:

Preparation of the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs

Sep 1

Dr Cash $620

Cr Sales revenue $620

( To record sale )

Sep 1

Dr Cost of Goods Sold $320

Cr Inventory $320

(To record costs)

Sep 1

Dr Warranty expense $47

Cr Estimated warranty liability $47

($620*8%)

(To record Warranty expense )

Jan 24

Dr Estimated warranty liability $43

Cr Repair parts inventory $43

(To record Warranty incurred)

Answer:

Explanation:

1 September:

Dr Cash $620

Cr Sales revenue $620

(To record cash receipt from mower sale)

1 September:

Dr Cost of goods sold $320

Cr Finished goods inventory $320

(Cost of mower sale recorded)

1 September:

Dr Warranty expense $49.60

Cr Warranty liability $49.60

(To record estimated warranty expense)

24 January:

Dr Warranty liability $43.00

Cr Repair Parts Inventory $43.00

(To record cost of warranty repairs)

Calculation:

Warranty Expense = Sales Revenue × Estimated Warranty Expenses

= $620 × 8%

= $49.60

team skills do not require the ability to communicate effectively.
true or false

Answers

Answer:

I think false .

Explanation:

I think so because while working in a team the most important thing that we need is communication skill.

The finished goods inventory on hand on December 31, 2018 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for 2019.

Answers

Question Completion:

Benet Company has budgeted the following unit sales for 2019 and 2020:

                        Quarter 1   Quarter 2   Quarter 3   Quarter 4   Quarter 1

Sales units       105,000       60,000       75,000      120,000      90,000

Answer:

Benet Company

Production Budget for 20198:

                               Quarter 1   Quarter 2  Quarter 3   Quarter 4

Sales units               105,000       60,000      75,000      120,000

Ending inventory       12,000        15,000      24,000        18,000

Units available for

sale                          117,000       75,000      99,000      138,000

Beginning inventory 21,000        12,000       15,000       24,000

Production               96,000       63,000       84,000      114,000

Explanation:

a) Data and Calculations:

Budgeted unit sales for 2019 and 2020:

                               Quarter 1   Quarter 2  Quarter 3   Quarter 4   Quarter 1

Sales units               105,000       60,000      75,000      120,000     90,000

Ending inventory       12,000        15,000      24,000        18,000

Units available for

sale                          117,000       75,000      99,000      138,000

Beginning inventory 21,000        12,000       15,000       24,000      18,000

Production               96,000       63,000       84,000      114,000

Aztec Inc. produces soft drinks. Mixing is the first department, and its output is measured in gallons. Aztec uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 60% complete 18,000 gallons
Units completed and transferred out 141,000 gallons
Units in process, July 31, 45% complete 16,000 gallons
Costs:
Work in process, July 1 $36,000
Costs added during July 398,460

Required:
Prepare a production report.

Answers

Answer:

Aztec Inc.

Mixing Department

Production Report

For the month of July

Equivalent units of production:

Beginning work in process       18,000                  7,200 (40%)

Units started and completed 139,000               139,000 (100%)

Ending work in process           16,000                   7,200 (45%)

Total equivalent units of production                 153,400

Cost per equivalent unit:

Costs added during July $398,460

Equivalent units                 153,400

Cost per equivalent unit = $2.60 ($398,460/153,400)

Cost to be accounted for:

Work in process, July 1                  $36,000

Costs added during July               398,460

Total costs to be accounted for $434,460

Costs assigned:

Beginning work in process = $18,720 (7,200 * $2.60)

Units started and completed = $361,400 (139,000 * $2.60)

Ending work in process =  $18,720 (7,200 * $2.60)

Costs assigned to:

Units completed and transferred out:

 Beginning work in process costs:

   60% completion =     $36,000

   40% completion =        18,720

 Units started and

  completed in July =   361,400

Total costs assigned to

 units transferred out =                 $416,120

Cost of ending work in process =    18,720

Total costs assigned =                 $434,840

Explanation:

a) Data and Calculations:

FIFO Method

                                                      Units       Degree of Completion

July 1 work in process                 18,000                   60%

Units transferred out                 141,000

July 31 work in process              16,000                    45%

Production units available       157,000

Beginning work in process       18,000                   40% to be completed

Units started and completed 139,000                   100%

Inventors in developing countries are usually unable to capture the full benefit of their innovations. They therefore tend to devote too few resources to research. Government can address this problem of under-investment in research by (i) increasing restrictions on trade; (ii) establishing a patent system to provide inventors with exclusive control over their inventions for a period of time; (iii) subsidising the purchase of technology from other countries.
a. only (i) is used.
b. only (ii) is used.
c. only (iii) is used.
d. (i), (ii) and (iii) are all used.

Answers

Answer:

establishing a patent system to provide inventors with exclusive control over their inventions for a period of time.this way inventors will devout a lot of resources to research.

I hope this helps and sorry if it's wrong

On June 30, 2021, Moran Corporation issued $9.0 million of its 8% bonds for $8.1 million. The bonds were priced to yield 10%. The bonds are dated June 30, 2021. Interest is payable semiannually on December 31 and July 1. If the effective interest method is used, by how much should the bond discount be reduced for the six months ended December 31, 202

Answers

Answer:

$45,000

Explanation:

Calculation to determine by how much should the bond discount be reduced for the six months ended December 31, 202

First step

Semiannual interest paid on 31.12.2021 = $9,000,000*8%*6/12

Semiannual interest paid on 31.12.2021= $360,000

Second step

Effective interest expense on 31.12.2021 = $8,100,000 * 10% * 6/12

Effective interest expense on 31.12.2021= $405,000

Last step

Bond discount to be reduced for 6 months ended 31.12.2021 = $405,000 - $360,000

Bond discount to be reduced for 6 months ended 31.12.2021=$45,000

Therefore by how much should the bond discount be reduced for the six months ended December 31, 202 will be $45,000

At the end of the previous year, a customer owed Days Company $400. On February 1 of the current year, the customer paid $600 total, which included the $400 owed plus $200 owed through February 1st. The journal entry on February 1 is? (Check all that apply.)

Answers

Answer:

The relevant journal entry would be:

Date                    Account Title                                           Debit            Credit

February 1          Cash                                                       $600

                          Accounts Receivable                                                   $400

                           Revenue                                                                       $200

The entire $600 will be debited to cash to show that $600 was received in cash.

$400 will go to Accounts Receivable to cancel out the debt owed by the customer.

Revenue will be credited $200 for the amount owed through February 1st. Revenue is credited when it increases.

Answer: Cash will debited for $600

Accounts receivable will be credited for $400

Service revenue would be credited for $200

Explanation: it’s was the correct answer on the homework

M. Poirot wishes to sell a bond that has a face value of $1,000. The bond bears an interest rate of 11.28% with bond interest payable semiannually. Six years ago, $979 was paid for the bond. At least a 12% return (yield) on the investment is desired. The minimum selling price must be: Enter your answer as follow: 1234.56

Answers

Answer:

M. Poirot

The minimum selling price must be:

= $2,065.09.

Explanation:

a) Data and Calculations:

Face value of bond = $1,000

Interest rate = 11.28%

Interest payment = semiannually

Price of bond six years ago = $979

Desired return (yield) rate = 12%

Minimum selling price can be determined as follows:

N (# of periods)  12

I/Y (Interest per year)  12

PV (Present Value)  979

PMT (Periodic Payment)  5.64

Results

FV = $2,065.09

Sum of all periodic payments $67.68

Total Interest $1,018.41

Sofia bought a couch that required a $60 down payment and $60 per month for the next eight months. Which type of liability does this describe?
a) a long term liability
b) a non liquid liability
c) a consumer liability
d) a current liability

Answers

answer should be d) a current liability

Assuming Sofia bought a couch that required a $60 down payment. This liability describe:d) a current liability.

What is current liability?

Current liability can be defined as the amount owe or debt amount a person is expected to pay back within a stipulated period of time.

Since Sonia is expected to pay $60 per month for eight months which means that Sonia has a debt to pay within a year.

Therefore this liability describe:d) a current liability.

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In markets where the government imposes an excise tax on unit sales, it also has a tendency to dabble with restrictions on advertising (for example, cigarettes and hard liquor). Do potential (or actual) restrictions on advertising in these markets serve the interest of a government that is interested in maximizing its tax revenue from the sale of these products? Explain your answer

Answers

Answer:

I am sorry I don't know sorry again

Profit Center Responsibility Reporting for a Service Company
Thomas Railroad Company organizes its three divisions, the North (N), South (S), and West (W) regions, as profit centers. The chief executive officer (CEO) evaluates divisional performance, using income from operations as a percent of revenues. The following quarterly income and expense accounts were provided from the trial balance as of December 31:
Revenues—N Region $1,039,000
Revenues—S Region 1,281,400
Revenues—W Region 2,205,700
Operating Expenses—N Region 658,400
Operating Expenses—S Region 762,600
Operating Expenses—W Region 1,333,900
Corporate Expenses—Dispatching 518,400
Corporate Expenses—Equipment Management 259,700
Corporate Expenses—Treasurer’s 158,000
General Corporate Officers’ Salaries 349,000
The company operates three service departments: the Dispatching Department, the Equipment Management Department, and the Treasurer’s Department. The Dispatching Department manages the scheduling and releasing of completed trains. The Equipment Management Department manages the railroad cars inventories. It makes sure the right freight cars are at the right place at the right time. The Treasurer’s Department conducts a variety of services for the company as a whole. The following additional information has been gathered:
North South West
Number of scheduled trains 5,400 6,500 9,700
Number of railroad cars in inventory 1,200 2,000 1,700

Answers

Question Completion:

1. Prepare quarterly income statements showing income from operations for the three regions. Use three column headings: North, South, and West. Do not round your interim calculations Thomas Railroad Company Divisional Income Statements For the Quarter Ended December 3:1 North South West Revenues Operating expenses Income from operations before service department charges Service department charges: Dispatching Equipment Management Total service department charges Income from operations

2. What is the profit margin of each division? Round to one decimal place Region North Region South Region West Region Identify the most successful region according to the profit margin Profit Margin 0%6

3. What would you include in a recommendation to the CEO for a better method for evaluating the performance of the divisions?

a. The method used to evaluate the performance of the divisions should be reevaluated

b. A better divisional performance measure would be the rate of return on investment (income from operations divided by divisional assets).

c. A better divisional performance measure would be the residual income (income from operations less a minimal return on divisional assets).

d. None of these choices would be Included

e. All of these choices (a, b & c) would be included.

Answer:

Thomas Railroad Company

1. Thomas Railroad Company

Divisional Income Statements

For the Quarter Ended December 3:

Divisions                          North (N)       South (S)         West (W)

Revenues                     $1,039,000    $1,281,400    $2,205,700

Operating expenses        658,400       762,600        1,333,900

Income from operations

before service

department charges     $380,600      $518,800        $871,800

Service department charges:

Dispatching                     $63,600      $106,000         $90,100

Equipment management 39,500          47,550           70,950

Total service

department charges     $103,100      $153,548       $161,050

Income from operations 277,500    $365,252       $710,750

2. Profit margin ratio      26.7%           28.5%             32.2%

West's performance is above all the rest, with a profit margin of 32.2%.

3. e. All of these choices (a, b & c) would be included.

Explanation:

Divisions                      North (N)       South (S)         West (W)

Revenues                $1,039,000    $1,281,400    $2,205,700

Operating expenses   658,400       762,600        1,333,900

Corporate Expenses—Equipment Management 259,700

Corporate Expenses—Treasurer’s 158,000

General Corporate Officers’ Salaries 349,000

Additional data:

Divisions                                           North (N)   South (S)     West (W)  Total

Number of scheduled trains              5,400        6,500         9,700   21,600

Number of railroad cars in inventory 1,200        2,000          1,700    4,900

Corporate Expenses—Equipment Management 259,700/4,900 = $53

Corporate Expenses—Treasurer’s 158,000/21,600 = $7.315

                                               North (N)   South (S)     West (W)  Total

Service departments costs:  

Dispatching                           $63,600   $106,000    $90,100  $259,700

Equipment management       39,500       47,550      70,950     158,000

General Corporate Officers’ Salaries 349,000

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