Week 8 Assignment.docx - Week Chapter/Page Quiz Problems 8...

Week Chapter/Page Quiz Problems
8 Chapter 24
1147 & 1155-
1156
&
Chapter 25
Page 1197
PE 24-4A, PE 24-5A, PR 24-1A (#1 only), PR 24-2A
(#1 only)
&
PE 25-7A, PE 25-8A
You do not submit your assigned problems . You do not e-mail your completed problems . You will
take a quiz each week , which will contain questions about your assigned problems and concepts from
the current chapter(s).
PE 24-4A
a. Profit Margin = 112,500 / 1,875,000 = 6%
b. Investment Turnover = 1,875,000 / 750,000 = 2.5
c. Rate of Return on Investment = 6% x 2.5 = 15%
PE 24-5A
Income from operations ............................................................................... $ 90,000
Less: Minimum acceptable income from operations as a percent
of assets ................................................................................................. 45,000
Residual income ........................................................................................... $45,000
PR 24-1A (#1 only)
1.
VALOTIC TECH, Inc.
Budget Performance Report—Director, Consumer Products Division
For the Month Ended January 31, 2016
Budget Actual
Over
Budget
Under
Budget
Customer service salaries