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marin [14]
3 years ago
8

Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating incom

e of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%. The division's return on investment (ROI) is closest to:
a. 135.5%
b. 6.1%
c. 32.1%
d. 2.4%
Business
1 answer:
aalyn [17]3 years ago
3 0

Answer:

ROI = Net operating income        x 100

         Average operating assets

ROI = $1,924,320   x 100

         $6,000,000

ROI = 32.1%

The correct answer is C

Explanation:

ROI is the ratio of net operating income to average operating assets multiplied by 100.

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Jean Michaud pays his two employees $900 and $1,200 per week. Assume a state unemployment tax rate of 5.7% and a federal unemplo
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Answer:

The quarter has 3 months so all 15 weeks shall have following taxes:

Employee Wages Exempt under FUTA or SUTA

Employee 1  

Wages = 15 week x 900 = 13.500  

Exempt under FUTA or SUTA = 13,500 - 7,000 = 6.500

Employee 2  

Wages = 15 week x 1200 = 18.000  

Exempt under FUTA or SUTA = 18.000 - 7,000= 11000

From the above table.

The JM pays employee 1: 900 and employee 2: 1,200. For 15 weeks they were paid,

Employee I is paid, 900 x 15 weeks

= 13,500

Employee 2 is paid, 1200 x 15 weeks

= I 8,000

For employee 1,

= 13,500 - 7,000

Here, SUTA tax is 5.4% on the first 7,000 the employer pays an employee = 6500

For employee 2,

=18,000 - 7000

Here, the SUTA tax is 5.4% on the first 7000 the employer pays an employee =11000

The taxable wages are obtained by deducting.

= (13,500 +18000) - (6,500 +11,000)  

= 31500 - 17500

= 14000

The SUTA and FUTA taxes that JM pays at the end of quarter 1 and 2 is, SUTA,

0.057 x 14,000 = $798

FUTA.

0.008 x 14000

= $112

Hence. The SUTA and FUTA taxes paid are $798 and $112 respectively.

4 0
3 years ago
Beans Coffee & Cocoa Company makes and sells a chocolate flavored coffee drink under the name "CoCoCafe." Darkroast Java, In
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<u>Full question:</u>

Coffee & Cocoa Company makes and sells a chocolate-flavored coffee drink under the name "CoCoCafe." Darkroast Java, Inc., later markets a similar tasting drink under the name "KoKoKafe."

This is most likely:

a. copyright infringement.

b. patent infringement.

c. trademark infringement.

d. a theft of trade secrets.

<u>Answer:</u>

This is most likely:  trademark infringement.

<u>Explanation:</u>

Trademark infringement is described as the illegal practice of a trademark or service impression. This exercise can be in contact with goods or services and may commence to distraction, fraud, or a disagreement about the original company a commodity or service developed from.

Trademark proprietors can hunt proper action if they consider their marks are being transgressed. . If infringement of a trademark is fixed, a court procedure can stop a party from using the emblem, and the master may be granted financial relief.

3 0
3 years ago
The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher c
natima [27]

Answer:

Given these facts, which state would you expect the price of prostitution services to be higher? Why?

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7 0
2 years ago
Product line extensions are current products that have been modified. (points : 1) true false
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Hello there. ;D

<span>Product line extensions are current products that have been modified.

Answer:True</span>
5 0
3 years ago
Devil's advocacy:_____.a. involves generating a plan and a counterplan that reflects plausible conflicting courses of action. b.
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Answer:

d. involves generating a plan and a critical analysis of that plan.

Explanation:

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So as per the given options, the option d is correct

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