During 2014 , Phelps Corporation reported net sales of $ 3,000,000 , net income of $ 1,320,000 , and depreciation expense of $ 80,000 . Phelps also reported beginning total assets of $ 1,000,000 , ending total assets of $ 1,500,000 , plant assets of $ 800,000 , and accumulated depreciation of $ 500,000 . Phelps ‘ s asset turnover ratio is
Final Part 2 Question 1 A manager of a cost center is evaluated mainly on Question 2
Bogey Co . recorded operating data for its Cheap division for the year . Bogey requires its return to be 10 %.
Sales $ 1,400,000 Controllable margin 160,000 Total average assets 4,000,000 Fixed costs 100,000 What is the ROI for the year ? Question 3 Ratios are used as tools in financial analysis Question 4
Which of the following is not typically a characteristic experienced by a company during the growth phase of the corporate life cycle ?
Question 5 A master budget consists of Question 6