10 Jul As future decision-makers for companies, how do you foresee yourself using responsibility accounting? Note: there is an attachment file that needs to be completed.?W
250 words
- As future decision-makers for companies, how do you foresee yourself using responsibility accounting?
Note: there is an attachment file that needs to be completed.
Pr. 23(9)-3A
| Problem 23(9)-3A | |||||||||||||||||||||||||||||||
| Name: | 0 | ||||||||||||||||||||||||||||||
| Section: | # N-box Incorrects due to blanks COUNTIF(B15:AT24," ") | ||||||||||||||||||||||||||||||
| 27 | |||||||||||||||||||||||||||||||
| Score: | 0% | # N-box +B-box corrects COUNTIF(B15:AT24," ") | |||||||||||||||||||||||||||||
| 0 | |||||||||||||||||||||||||||||||
| Key Code: | [Key code here] | Total SUM(AD13:AD15) | |||||||||||||||||||||||||||||
| Instructions | 27 | ||||||||||||||||||||||||||||||
| Answers are entered in the cells with gray backgrounds. | Percentage =(AD16-AD13-AD14)/AD16 | ||||||||||||||||||||||||||||||
| Cells with non-gray backgrounds are protected and cannot be edited. | 0% | ||||||||||||||||||||||||||||||
| An asterisk (*) will appear to the right of an incorrect entry in the income statement and above or below | Notes: | ||||||||||||||||||||||||||||||
| elements in the equations. The essay answer will not be graded. | If number-entry box is blank (this would be an incorrect answer for N-boxes), error check returns two spaces, " " | ||||||||||||||||||||||||||||||
| If number-entry or blank-entry box is incorrect, returns "*" | |||||||||||||||||||||||||||||||
| 1. | The Crunchy Granola Company | If number-entry or blank-entry box is correct, returns single space, " " | |||||||||||||||||||||||||||||
| Divisional Income Statements | Accounts Receivable | Use data verification to set data entry to whole number >= 0, and use drop-downs for lables and names, so that students can't enter a space in a box and have it counted as correct. | |||||||||||||||||||||||||||||
| For the Year Ended June 30, 20Y7 | Accounts Payable | Conditional formatting might be used but wasn't here, to hide some of the error check return symbols. If A1 = "~*", then font = red, if something else, then font = background color. | |||||||||||||||||||||||||||||
| Snack | Retail | ||||||||||||||||||||||||||||||
| Cereal | Cake | Bakeries | |||||||||||||||||||||||||||||
| Division | Division | Division | |||||||||||||||||||||||||||||
| Sales | |||||||||||||||||||||||||||||||
| Cost of goods sold | |||||||||||||||||||||||||||||||
| Gross profit | |||||||||||||||||||||||||||||||
| Operating expenses | |||||||||||||||||||||||||||||||
| Income from operations | |||||||||||||||||||||||||||||||
| 2. | |||||||||||||||||||||||||||||||
| Return on Investment (ROI) | = | Profit Margin x Investment Turnover | |||||||||||||||||||||||||||||
| Return on Investment (ROI) | = | Income from Operations | x | Sales | |||||||||||||||||||||||||||
| Sales | Invested Assets | ||||||||||||||||||||||||||||||
| Cereal Division: | |||||||||||||||||||||||||||||||
| ROI | = | x | = | cpence: An answer will appear here when all numbers are entered in the formula. | |||||||||||||||||||||||||||
| Snack Cake Division: | |||||||||||||||||||||||||||||||
| ROI | = | x | = | cpence: An answer will appear here when all numbers are entered in the formula. | |||||||||||||||||||||||||||
| Retail Bakeries Division: | |||||||||||||||||||||||||||||||
| ROI | = | x | = | cpence: An answer will appear here when all numbers are entered in the formula. | |||||||||||||||||||||||||||
| cpence: An answer will appear here when all numbers are entered in the formula. | |||||||||||||||||||||||||||||||
| 3. | |||||||||||||||||||||||||||||||
| [Key essay answer here] | |||||||||||||||||||||||||||||||
Sol
| Problem 23(9)-3A | ||||||||||||||
| Name: | Solution | |||||||||||||
| Section: | ||||||||||||||
| Score: | ON | |||||||||||||
| Instructions | ||||||||||||||
| Answers are entered in the cells with gray backgrounds. | ||||||||||||||
| Cells with non-gray backgrounds are protected and cannot be edited. | ||||||||||||||
| An asterisk (*) will appear to the right of an incorrect entry in the income statement and above or below | ||||||||||||||
| elements in the equations. The essay answer will not be graded. | ||||||||||||||
| 1. | The Crunchy Granola Company | |||||||||||||
| Divisional Income Statements | ||||||||||||||
| For the Year Ended June 30, 20Y7 | ||||||||||||||
| Snack | Retail | |||||||||||||
| Cereal | Cake | Bakeries | ||||||||||||
| Division | Division | Division | ||||||||||||
| Sales | $ 25,000,000 | $ 8,000,000 | $ 9,750,000 | |||||||||||
| Cost of goods sold | 16,670,000 | 5,575,000 | 6,795,000 | |||||||||||
| Gross profit | $ 8,330,000 | $ 2,425,000 | $ 2,955,000 | |||||||||||
| Operating expenses | 7,330,000 | 1,945,000 | 2,272,500 | |||||||||||
| Income from operations | $ 1,000,000 | $ 480,000 | $ 682,500 | |||||||||||
| 2. | ||||||||||||||
| Return (ROI) on Investment | = | Profit Margin x Investment Turnover | ||||||||||||
| Return (ROI) on Investment | = | Income from Operations | x | Sales | ||||||||||
| Sales | Invested Assets | |||||||||||||
| Cereal Division: | ||||||||||||||
| ROI | = | $1,000,000 | x | $25,000,000 | = | 10.0% cpence: An answer will appear here when all numbers are entered in the formula. |
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| $ 25,000,000 | $10,000,000 | |||||||||||||
| Snack Cake Division: | ||||||||||||||
| ROI | = | $480,000 | x | $8,000,000 | = | 12.0% cpence: An answer will appear here when all numbers are entered in the formula. |
||||||||
| $8,000,000 | $4,000,000 | |||||||||||||
| Retail Bakeries Division: | ||||||||||||||
| ROI | = | $682,500 | x | $9,750,000 | = | 10.5% cpence: An answer will appear here when all numbers are entered in the formula. |
||||||||
| cpence: An answer will appear here when all numbers are entered in the formula. | $9,750,000 | $6,500,000 | ||||||||||||
| 3. | ||||||||||||||
| Per dollar of invested assets, the Snack Cake Division is the most profitable of the three divisions. Assuming that the rates of return on investments do not change in the future, an expansion of the Snack Cake Division will return 12 cents (12%) on each dollar of invested assets, while the Cereal and Retail Bakery divisions will return only 10 cents (10%) and 10.5 cents (10.5%), respectively. Thus, when faced with limited funds for expansion, management should consider an expansion of the Snack Cake Division first. | ||||||||||||||
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