Data for the Deluxe Division of Park Industries Which Is

question 136

Essay

Data for the Deluxe Division of Park Industries which is operated as an investment center follows: $$\begin{array} { l r } \text { Sales } & \$ 6,000,000 \\\text { Contribution Margin } & 800,000 \\\text { Controllable Fixed Costs } & 440,000 \\\text { Return on Investment } & 12 \%\end{array}$$ Instructions
Calculate controllable margin and average operating assets.

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Definitions:

Bailee's Lien

A right that allows a bailee (a person who temporarily holds property for another) to retain possession of the property until payment is made.

Right To Sell

The legal authority granted to an individual or entity to sell a particular product, property, or service.

Bailor

An individual or entity that entrusts possession of goods or property to another (the bailee) under an agreement.

Bailment

A legal relationship in common law where physical possession of personal property, or a chattel, is transferred from one person to another who subsequently has possession of the property.