1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexandra [31]
3 years ago
11

Last year Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-o

f-year assets was 15%, what was its operating profit margin? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places)
Business
2 answers:
Alik [6]3 years ago
5 0

Answer:

22.5%

Explanation:

If Electric Autos had a 15% return on start-of-year assets, and its assets at the start of the year were $150 million, the company's total profit is given by:

P = 0.15*\$150\\P=\$22.5\ million

If sales amounted to $100 million, the profit margin (M) is determined as:

M = \frac{\$22.5}{\$100}\\ M=22.5\%

Electric Autos had a profit margin of 22.5%

dangina [55]3 years ago
5 0

Answer:

22.50%

Explanation:

The return on assets (ROA) ratio is a financial measure of how much income is earned per $1 invested by the company on assets. It is calculated by dividing net income by average total assets. Operating profit margin is the ratio of operating profit or net income to sales.

Given that Electric Autos had sales of $100 million and assets at the start of the year of $150 million. If its return on start-of-year assets was 15%,

15% = Net income/$150 million

Net income = $22.50 million

Operating profit margin

= $22.50 million/$100 million

= 0.225

= 22.50%

You might be interested in
When banks try to make their positioning strategies tangible through the ________ dimension, they make sure the exterior and int
Andru [333]

Answer:

Place

Explanation:

When banks try to make their positioning strategies tangible through the <u>Place</u> dimension, they make sure the exterior and interior have clean lines, the layout of the desks and the traffic flow are planned carefully, and waiting lines are not overly long.

Positioning strategies: It is a strategy that choose one or two key area to focus on for brand and product growth in the market. Before implementing these strategies, it is important to understand the strength and weakness of the company, target customer need and competitor´s position in the market, it help in effective planning and achieve objective of the company.

There are several dimension to positioning strategies, depending on what kind of analysis firm want to conduct.

Here in the given case, Bank have used place dimension of positioning strategies, so that it can gain more customer attraction and keep service flow organized in the bank.

4 0
3 years ago
Which of the following is the most likely explanation for the imposition of a price ceiling on the market for milk? a. Policymak
Ksenya-84 [330]

Answer: i think the third one maybe... (APEX)

Explanation: this should work

5 0
3 years ago
Select the correct answer. The word intestate means that a person has died with or without a will?
hjlf

It means that a person has died without a will.

8 0
3 years ago
swenson Saws produces bows, frame, dovetail, and tenon saws used by craft furniture makers. During an 8-hour shift, a saw is pro
RUDIKE [14]

Answer:

Given: Total shift time = 8 hours = 8 * 60 = 480 minutes

time required for production of one saw = 6 minutes

Demand for Bow saw = Demand for frame saw = Demand for dovetail saw = 1/2 * Demand of Tenon saw

a) Mixed model schedule:

Mixed model schedule

Product no. per batch

Bow Saw 1

Frame Saw 1

Dovetail Saw 1

Tenon Saw 2

Total 5

Therefore 2 Tenon Saw, and each bow, frame, and dovetail saws will be produced before the cycle is repeated.

b) 2 Tenon Saw, 1 bow, 1 frame, and 1 dovetail saws will be produced under production sequence for one unit production.

The length of cycle will be 5*6=30 minutes i.e. the cycle will repeat once in 30 minutes for 8 hours means totally it will repeat 16 times during one shift.

c) Number of saws Swenson produce in one shift = Number of Bow saw Swenson produce in one shift + Number of Frame saw Swenson produce in one shift + Number of Dovetail saw Swenson produce in one shift + Number of Tenon saw Swenson produce in one shift

Explanation:

7 0
3 years ago
Read 2 more answers
When qualifying a buyer using the Fannie Mae guidelines, what is the ratio allowed for the amount of money for housing expense c
vfiekz [6]

Answer:

28%

Explanation:

Most mortgage lenders, including Fannie Mae, use the 28/36 rule. That rule states that a family should spend no more than 28% of the gross monthly income (GMI) on housing expenses, and pay no more than 36% of GMI to cover debts (mortgage payments are included in this 36%).

Statistics show that households that do not comply with the 28/36 rule, tend to have difficulty paying back loans.

8 0
3 years ago
Other questions:
  • Charger company's most recent balance sheet reports total assets of $28,892,000, total liabilities of $16,492,000 and total equi
    12·1 answer
  • 17. When a business hires another company to
    6·1 answer
  • Que elementos pueden faltar a la nacion
    9·1 answer
  • A project will produce cash inflows of $5,400 a year for 3 years with a final cash inflow of $2,400 in Year 4. The project's ini
    11·1 answer
  • Domestic telecommunication companies in the United States are struggling due to foreign competition. How can the US government h
    13·2 answers
  • Borrowing a $15,000 Loan in 5 years with an interest rate of 4.49% how much will I pay monthly
    8·2 answers
  • is (R$), has been trading at R$3.40/US$. Exports to Brazil are currently 50,000 printers per year at the reais-equivalent of $20
    11·1 answer
  • You purchase Rayovac batteries from Wal-Mart. You send in your battery receipt and a form with your name, address, and UPC code
    5·1 answer
  • A competitive environment where there is strong rivalry among sellers, low entry barriers, strong competition from substitute pr
    12·1 answer
  • As a new leader you have decided to apply the path-goal theory in managing your staff. one of the two important personal charact
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!