11/15/2020 Quiz-4 (Timed): Attempt review (page 4 of 4)

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Question 16 J Corporation has two divisions. Division A has a contribution margin of $79,300 and Division B has a
Correct contribution margin of $126,200. If total traceable fixed costs are $72,400 and total common fixed costs are
1.00 points out $34,900, what is J Corporation's net operating income?
of 1.00

Select one:
a. $168,000

b. $170,600

c. $133,100

d. $98,200 

Question 17 The Tipton Division of Dudley Company reported the following data last year:
Correct

1.00 points out

of 1.00

Tipton Division's average operating assets last year were:

Select one:
a. $625,000 

b. $250,000

c. $416,677

d. $333,333

Question 18 Toxemia Salsa Company manufactures five flavors of salsa. Last year, Toxemia generated net operating income
Correct of $40,000. The following information was taken from last year's income statement segmented by flavor
1.00 points out (brackets indicate a negative amount):
of 1.00

Toxemia expects similar operating results for the upcoming year. If Toxemia wants to maximize its profitability in
the upcoming year, which flavor or flavors should Toxemia discontinue?

Select one:
a. no avors should be discontinued

b. Wimpy

c. Wimpy and Mild 

d. Wimpy, Mild, and Medium

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11/15/2020 Quiz-4 (Timed): Attempt review (page 4 of 4)

Question 19 Some investment opportunities that should be accepted from the viewpoint of the entire company may be
Correct rejected by a manager who is evaluated on the basis of:
1.00 points out
of 1.00 Select one:
a. return on investment. 

b. residual income.

c. contribution margin.

d. segment margin.

Question 20 If operating income is $60,000, average operating assets are $240,000, and the minimum required rate of return
Correct is 20%, what is the residual income?
1.00 points out
of 1.00 Select one:
a. 40%

b. 25%

c. $12,000 

d. $48,000

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