Chapter 12 Graded Quiz Answered

Chapter 12 Graded Quiz Answered - 1. Higado Confectionery...

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Unformatted text preview: 1. Higado Confectionery Corporation has a number of store locations throughout North America. In income statements segmented by store, which of the following would be considered a common fixed cost?: Store building depreciation expense, the cost of corporate advertising aired during the Super Bowl, store manager salaries, all of these Answer: The cost of corporate advertising aired during the Super Bowl 2. Which of the following will not result in an increase in return on investment (ROI), assuming other factors remain the same?: An increase in net operating income, an increase in sales, an increase in operating assets, a reduction in expenses Answer: An increase in operating assets 3. Anspach Corporation has two divisions: the Governmental Products Division and the Consumer Products Division. The Governmental Products Division’s divisional segment margin is $11,800 and the Consumer Products Division’s divisional segment margin is $155,500. The total amount of common fixed expenses not traceable to the individual divisions is $142,200. What is the company’s net operating income?expenses not traceable to the individual divisions is $142,200....
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This note was uploaded on 10/17/2011 for the course ACCT 206 taught by Professor Dr.zachry during the Spring '11 term at Nicholls State.

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Chapter 12 Graded Quiz Answered - 1. Higado Confectionery...

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