Envision Company has a target return on capital of 12 percent. The following financial information is available for October ($ thousands):

Software Division (Value Base) Consulting Division (Value Base) Venture Capital Division (Value Base)
Book Current Book Current Book Current
Sales $150,000 $150,000 $250,000 $250,000 $850,000 $850,000
Income 17,750 17,200 21,900 25,520 62,230 57,420
Assets 70,000 90,000 100,000 110,000 610,000 590,000
Liabilities 10,000 10,000 14,000 14,000 40,000 40,000

Required:
a. Compute the return on investment using both book and current values for each division.
b. Compute the residual income for both book and current values for each division.

Answer:

Envision Company

               Software Division   Consulting Division  Venture Capital Division

                   (Value Base)              (Value Base)                  (Value Base)  

                Book       Current    Book        Current       Book             Current

a) Return on investment

=             25.3%       19%           21.9%         23.2%       10.2%             9.7%

b) Residual income = operating income - (minimum required return x operating assets)

=              9,350      6,400       9,900        12,320      (10,970)      (13,380)

Explanation:

a) Data and Calculations:

Target return on capital = 12%

               Software Division   Consulting Division  Venture Capital Division

                   (Value Base)              (Value Base)                  (Value Base)  

                Book       Current    Book        Current       Book             Current

Sales    $150,000 $150,000 $250,000  $250,000  $850,000   $850,000

Income      17,750      17,200      21,900       25,520       62,230        57,420

Assets     70,000     90,000    100,000       110,000     610,000     590,000

Liabilities 10,000      10,000       14,000        14,000       40,000       40,000

               Software Division   Consulting Division  Venture Capital Division

                   (Value Base)              (Value Base)                  (Value Base)  

                Book       Current    Book        Current       Book             Current

a) Return on investment = Income/Assets * 100

=             25.3%       19%           21.9%         23.2%       10.2%             9.7%

b) Residual income = operating income - (minimum required return x operating assets)

Minimum required returns (in dollar value) = 12% of Assets:

=               8,400       10,800      12,000       13,200     73,200      70,800

Residual income

=              9,350         6,400       9,900       12,320    (10,970)      (13,380)

Suppose the working-age population of a fictional economy falls into the following categories:
75 have full-time employment; 25 have part-time employment; 20 do not have employment, but are actively looking for employment; and 10 people are stay at home parents.
(1) What is the size of Labor force?
(2) What is the Unemployment rate?

Hetrick Dentistry Services operates in a large metropolitan area. Currently, Hetrick has its own dental laboratory to produce porcelain and gold crowns. The unit costs to produce the crowns are as follows:

Porcelain Gold
Raw materials $70 $130
Direct labor 27 27
Variable overhead 8 8
Fixed overhead 22 22
Total $127 $187

Fixed overhead is detailed as follows:

Salary (supervisor) $26,000
Depreciation 5,000
Rent (lab facility) 32,000

Overhead is applied on the basis of direct labor hours. These rates were computed by using 5,500 direct labor hours. A local dental laboratory has offered to supply Hetrick all the crowns it needs. Its price is $125 for porcelain crowns and$150 for gold crowns; however, the offer is conditional on supplying both types of crowns—it will not supply just one
type for the price indicated. If the offer is accepted, the equipment used by Hetrick's laboratory would be scrapped (it i!
old and has no market value), and the lab facility would be closed. Hetrick uses 2,000 porcelain crowns and 600 gold crowns per year.

Required:
Conceptual Connection: Should Hetrick continue to make its own crowns, or should they be purchased from the external supplier?

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Use the following table:

Present Value of an Annuity of 1
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a. $100000.
b. $506200.
c. $56200.

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a. The instrument has at least 200 observations
b. The instrument is correlated with
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what are the Computer Design problems and their solutions?​

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Compute the following information for 2020.
(a) Per unit mineral cost: _______
(b) Total material cost of December 31, 2020, inventory:_______
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POV: I'm the quiet kid





































































































































*pulls out AK - 47*

Marian Corporation has two separate divisions that operate as profit centers. The following information is available for the most recent year: Black Division Navy Division Sales (net) $ 1,000,000 $ 370,000 Salary expense 25,000 45,000 Cost of goods sold 120,000 156,000 The Black Division occupies 18,000 square feet in the plant. The Navy Division occupies 27,000 square feet. Rent is an indirect expense and is allocated based on square footage. Rent expense for the year was $45,000. Compute departmental income for the Black and Navy Divisions, respectively. (Do not round your intermediate computations)

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Option B: There is a 100% chance of receiving $500.
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b. Scenario two has two different options available.
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Option D: There is a 100% chance of winning $90.
A risk-averse person (Click to select) will choose option C will choose option D will be indifferent between options C and D might choose option C or might choose option D .
c. Scenario three has two more options available.
Option E: There is a 50% chance of winning $0 and a 50% chance of winning $100.
Option F: There is a 50% chance of winning $20 and a 50% chance of winning $60.
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O product recalls
O identity theft damage repair
O food safety
Ofree credit reports

Select the correct answer.
At the end of the year, Clean123 Inc. has a service revenue of $193,750, an accounts payable of $500, a notes payable of $ 17,800, a salaries
expense of $26,900, and a rent expense of $14,640. What is Clean123 Inc.'s net income?
ОА.
$134,410
OB.
$152,210
OC. $161,310
OD. $166,850
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Brewsters, a ice cream company, has been fairly successful in its market. Lydia sees an opportunity for profit and enters the market. After producing her profit-maximizing level of output, she finds that her average total cost per unit is $5, her average variable cost per unit is $3, and the market price is $2.50. In the short run, Lydia should Choose one: A. expand production because she is making a positive economic profit.