Exercise 10-16 the sports equipment division of harrington company is operated as a profit center. sales for the division were budgeted for 2017 at $890,250. the only variable costs budgeted for the division were cost of goods sold ($440,260) and selling and administrative ($60,550). fixed costs were budgeted at $102,060 for cost of goods sold, $92,300 for selling and administrative, and $73,470 for noncontrollable fixed costs. actual results for these items were:

sales $888,800
cost of goods sold
variable 418,060
fixed 104,180
selling and administrative
variable 60,480
fixed 73,070
noncontrollable fixed 92,190

prepare a responsibility report for the sports equipment division for 2017. (list variable costs before fixed costs.)

assume the division is an investment center, and average operating assets were $1,118,600. the noncontrollable fixed costs are controllable at the investment center level. compute roi. (round roi to 1 decimal place, e. g. 1.5.)

return on investment %

Answer

The answer of the exercise is attached in a microsof excel document.  

Explanation  

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the correct answer is:

it required the president to inform congress within forty-eight hours of any new troop commitment.

the war powers resolution (1973) is a federal law designed to limit the u.s. president’s ability to initiate or intensify military actions abroad without the approval of the congress.

it establishes that the president can send armed forces into action abroad only by declaration of war by congress, statutory authorization, or in case of a national emergency created by attack upon the united states, its territories or possessions, or its armed forces.

it requires the president to notify congress within 48 hours of sending armed forces to military action.