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Mr. Gregory White
Mr. Gregory White, Professor
Category: Homework
Satisfied Customers: 4738
Experience:  M.A., M.S. Education / Educational Administration
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Our Learning style refers to a. how much we know. b. how

Customer Question

Our Learning style refers to:

a. how much we know.
b. how we best understand information.
c. how fast we read and write.
d. what we are learning.
Submitted: 2 years ago.
Category: Homework
Expert:  replied 2 years ago.

educatortech :

Refers to b - how we best understand information

educatortech :

Please put "for educatortech" in front of your future questions as well and I will be glad to get right back to you with answer! Thanks again all the best on your homework!

Mr. Gregory White, Professor
Category: Homework
Satisfied Customers: 4738
Experience: M.A., M.S. Education / Educational Administration
Mr. Gregory White and 2 other Homework Specialists are ready to help you
Expert:  Mr. Gregory White replied 2 years ago.
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Customer: replied 2 years ago.

Sources must be cited in APA format. Your response should be a minimum of one (1) single-spaced page to a maximum of two (2) pages in length; refer to the "Assignment Format" page for specific format requirements.

 

Return on Investment and Residual Income

 

Portia Carter is the president of a company that owns six multiplex movie theaters. Carter has delegated decision-making authority to the theater managers for all decisions except those relating to capital expenditures and film selection. The theater managers' compensation depends on the profitability of their theaters. Max Burgman, the manager of the Park Theater, had the following master budget and actual results for the month.

 

Master

Actual

Budget

Results

Tickets sold

120,000

480,000

Revenue--tickets

$ 840,000

$ 880,000

Revenue--concessions

480,000

330,000

Total revenue

$1,320,000

$1,210,000

Controllable variable costs

Concessions

120,000

99,000

Direct labor

420,000

330,000

Variable overhead

540,000

550,000

Contribution margin

$ 240,000

$ 231,000

Controllable fixed costs

Rent

55,000

55,000

Other administrative expenses

45,000

50,000

Theater operating income

$ 140,000

$ 126,000


1. Assuming that the theaters are profit centers, prepare a performance report for the Park Theater using the chart below. Include a flexible budget. Determine the variances between actual results, the flexible budget, and the master budget.

 

Actual

Flexible

Master

Results

Variance

Budget

Variance

Budget

Tickets sold

110,000

( )

120,000

Revenue--tickets

$ 880,000

( )

( )

$ 840,000

Revenue--concessions

330,000

( )

( )

480,000

Total revenue

$1,210,000

( )

$1,320,000

Controllable variable costs

Concessions

99,000

( )

( )

120,000

Direct labor

330,000

( )

( )

420,000

Variable overhead

550,000

( )

( )

540,000

Contribution margin

$ 231,000

( )

( )

$ 240,000

Controllable fixed costs

Rent

55,000

55,000

Other administrative expenses

50,000

( )

45,000

Theater operating income

$ 126,000

( )

( )

$ 140,000

 

2. Evaluate Burgman's performance as a manager.

 

 

 

3. Assume that the managers are assigned responsibility for capital expenditures and that the theaters are thus investment centers. Park Theater is expected to generate a desired ROI of at least 6 percent on average invested assets of $2,000,000.

 

a. Compute the theater's return on investment and residual income using the chart below.

Actual

Flexible

Master

ROI

÷

÷

÷

=

0.00%

=

0.00%

=

0.00%

Residual income

- (

0%

x

)

- (

0%

x

)

- (

0%

x

)

=

=

=

 

 

b. Using the ROI and residual income, evaluate Burgman's performance as a manager.

 

 

Format Requirements

Use the following format requirements on all submissions.

Writing Style APA (American Psychological Association)

Note: To find detailed information on APA manuscript style guidelines on the Internet, go to www.apastyle.org.

Margins 1" all sides

Paragraphs Single-space

Double-space between paragraphs

Indent first line of each paragraph

Headings Bold

Type Style and Size Times New Roman,

Software MS Word

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