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Homework help managerial accounting
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Scenario: Forbes & Associates, Inc. uses a participatory budget process in which managers submit budgets for their respective divisions, which are then reviewed by Lee Blackmon, the chief financial officer (CFO). Divisional managers take the task seriously, as salary increases and bonuses are based...
Managerial accounting homework help
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Need help with calculating profitability ratios: if company has sales of 24 million, total assets of 18million and total debt of 7million, if profit margin is 8%, then what is net income, ROA and ROE? I know answers are 1.92 million; 10.67% and 17.45% but I do not know how to get these...
Homework-managerial accounting
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hi, I have two questions if someone wouldn't mind helping me with! Thanks Question 1: The contribution margin ratio is 30% for the Honeyville Company and the break-even point in sales is $150,000. If the company's target net operating income is $60,000, sales would have to be: Question... View more questions Search
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