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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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McKinley Industries estimated manufacturing overhead for the year at $289,000. Manufacturing overhead for the year was underappl
Lerok [7]

Answer:

$249,500.

Explanation:

The companny applied 234,000 overhead

it was underapplied by 15,500

This means the actual overhead cost were higher than the amount applied by the company. Actual overhread is the sum of both concepts.

234,000 + 15,500 = 249,500

the estimated overhead for the year was used to determinatethe rate, but is has no relevance to check for applied or underapplied, so we must ignore that data.

8 0
3 years ago
cist 1602 a formal approach to solving a problem based on a structured sequence of procedures, the use of which ensures a rigoro
Alex787 [66]

Answer:

Methodology.

Explanation:

A methodology the systematic procedure and technique used to identify, process and analyse methods that can be applied in a particular situation.

Methodology gives an understanding of the type of method that will be most appropriate to solve a problem.

For example a methodology could involve the following methods to solve a problem: quantitative surveys, focus groups, and qualitative case studies.

6 0
4 years ago
Why should you take pictures of your most valuable possessions? (insurance question)
Anna [14]

Answer:

Because if you were robbed and you wanted to show the police the items you lost you could present to them those photos.

If you were also renting out a room to someone and they went snoopin around and broke or stole some of those possessions you can have evidence in court.

Hope it helps! :)

4 0
3 years ago
Combs Co. is planning to sell 400 hair dryers and produce 380 hair dryers during March. Combs uses 500 grams of plastic and one-
Sholpan [36]

Answer:

Budgeted labour cost =$8,550

Explanation:

Labour budgeted is prepared using the production budget data. This is simply because the budgeted labour hour is a function of the budgeted production units.

Budgeted labour hours = Production budget × standard hours per unit

                                    =  380 × 1.5 hours=570

Budgeted labour cost= Budgeted labour hours × Standard labour rate

                                       = 570  hours × $15 =$8550

Budgeted labour cost =$8,550

7 0
3 years ago
The weight of a product is normally distributed with a standard deviation of 0.5 grams. If the production manager wants no more
Savatey [412]

Answer:

4.28 grams

Explanation:

The z score is used to determine by how many standard deviations the raw score is above or below the mean. The z score is given by the formula:

z=\frac{x-\mu}{\sigma} \\\\where\ \mu=mean,\sigma=standard \ deviation,\ x=raw\ score

Given that:

P(x > 5.1 grams) = 5%, x = 5.1 grams, σ = 0.5 grams

P(x > 5.1 grams) = 5%

P(x < 5.1 grams) = 100% - 5% = 95%

P(x < 5.1) = 95%

From the normal distribution table, 95% corresponds with a z score of 1.645. Hence:

1.64=\frac{5.1-\mu}{0.5}\\\\5.1-\mu=0.82\\\\\mu=4.28\ grams

5 0
3 years ago
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