The whole life baked goods company is a diversified food company that specializes in all natural foods. the company has three operating divisions organized as investment centers. condensed data taken from the records of the three divisions for the year ended june 30, 20y7, are as follows: cereal division snack cake division retail bakeries divisionsales $17,600,000 $18,000,000 $9,520,000cost of goods sold 10,600,000 12,550,000 6,630,000operating expenses 6,120,000 4,730,000 2,318,800invested assets 8,000,000 6,000,000 6,800,000the management of the whole life baked goods company is evaluating each division as a basis for planning a future expansion of operations. required: 1. prepare condensed divisional income statements for the three divisions, assuming that there were no service department charges.2. using the dupont formula for return on investment, compute the profit margin, investment turnover, and return on investment for each division. if required, round your final answer to one decimal place.3. if available funds permit the expansion of operations of only one division, which of the divisions would you recommend for expansion?

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Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

How does your household gain from specialization and comparative advantage? (what is produced, what is not produced yet paid to a specialist to produce? )