(Answered) Question - peter inc is the leading food distributor in the

Accounting

Question - Peter, Inc. is the leading food distributor in the nation. The company is organized by geographical regions and each region is treated as an investment center for evaluation purposes. The following quarterly information is available:

North......East.....South.......West

Sales..................175,000..210,000...150,000....120,000

Net Income.. 83,305.. 97,366....37,405... 29,924

Total assets... 1,000,000.1,500,000. 800,000. 1,250,000

Current liabilities. 135,000. 600,000..433,000. 850,000

Required:

1. Determine which regional managers should receive bonuses if bonuses are awarded to regional managers whose return on investment (ROI) exceeds 10%. Be sure to show all your work. (This company defines invested capital as total assets)

2. Determine which regional managers should receive bonuses if bonuses are awarded to regional managers whose return on investment (ROI) exceeds 10%. Be sure to show all your work. (this company defines invested capital as total assets minus current liabilities)

3. Determine which regional managers should receive bonuses if bonuses are awarded to regional managers whose residual income exceeds 12%. Be sure to show all your work (defined same as #1)

View complete question

Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92591201
Price:- $25

Verified Expert

Priced at $50 Now at $25, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Accounting Basics

Question - the standards for one case of springfever tonic

Question - The standards for one case of Springfever Tonic are as follows: Direct materials 5.40 lb @ $ 4.40 /lb = $ 23.76 Direct labor 4.40 hr @ $ 12.30 /hr = $ 54.12 Variable overhead (based on direct labor hours) 4.40 ...

Question - jabiru corporation purchased a 20 interest in

Question - Jabiru Corporation purchased a 20% interest in Fish Company common stock on January 1, 2002 for $300,000. This investment was accounted for using the complete equity method and the correct balance in the Inves ...

Question - on october 1 nathan4u inc made a 25000 sale on

Question - On October 1, Nathan4U, Inc. made a $25,000 sale on account with the following terms: 1/15, n/30. If the company method to record sales made on credit, how much should be recorded as revenue on October 1?

Question - susan a single taxpayer owns and operates a

Question - Susan, a single taxpayer, owns and operates a bakery as a sole proprietorship. The business is not a specified services business. In 2018, the business pays $100,000 in W-2 wages, holds $150,000 of qualified p ...

Discussion as a present for doing so well in your finance

Discussion: As a present for doing so well in your finance class, your uncle has offered you a choice: He will give you either a zero coupon long term bond or a short term bond that pays coupon payments. Which would you ...

Question - assume you graduate from college with 30000 in

Question - Assume you graduate from college with $30000 in student loans. If your interest rate is fixed at 5.00% APR with monthly compounding and you repay the loans over 10-year period, what will be your monthly paymen ...

Question - given the following data what is the value of

Question - Given the following data, what is the value of the gross profit as determined by the LIFO method? Sales revenue 300 units at $15 per unit Purchases 240 units at $10 per unit Beginning Inventory 120 units at $9 ...

Question - melton corporation is preparing the comparative

Question - Melton Corporation is preparing the comparative financial statements for the annual report to its shareholders for fiscal years ended May 31, 2017, and May 31, 2018. The income from operations for the fiscal y ...

Question - on march 1 2017 boyd company acquired real

Question - On March 1, 2017, Boyd Company acquired real estate, on which it planned to construct a small office building, by paying $80,000 in cash. An old warehouse on the property was demolished at a cost of $8,200; th ...

1 lsquoclassification of liabilities is based on the same

1. ‘Classification of liabilities is based on the same principles as the classification of assets.' Do you agree with this? Why or why not? 2. ‘Classification of liabilities as current or non-current is not that importan ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Accounting Basics Expert