POST ACC211 Unit 7 Quiz C9 Performance Measurement

| June 9, 2016

Question
Question 1

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company’s minimum required rate of return is 12%.

The division’s residual income is closest to:

$575,100

$1,175,100

$(1,980,900)

$(24,900)

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Question 2

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company’s minimum required rate of return is 12%.

The division’s margin is closest to:

26.2%

23.5%

2.7%

11.5%

Question 3

The West Division of Shekarchi Corporation had average operating assets of $620,000 and net operating income of $80,100 in March. The minimum required rate of return for performance evaluation purposes is 14%.

What was the West Division’s minimum required return in March?

$80,100

$86,800

$11,214

$98,014

Question 4

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company’s minimum required rate of return is 12%.

The division’s return on investment (ROI) is closest to:

49.0%

11.5%

0.3%

2.2%

Question 5

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below:

The division’s margin is closest to:

21.8%

5.0%

23.0%

28.0%

Question 6

Chace Products is a division of a major corporation. Last year the division had total sales of $21,300,000, net operating income of $575,100, and average operating assets of $5,000,000. The company’s minimum required rate of return is 12%.

The division’s turnover is closest to:

3.82

4.26

0.12

37.04

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