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
Earth is now adding another billion people roughly every __________ years.
sukhopar [10]
15 years ? Im saying
7 0
3 years ago
Belle Co. has beginning inventory of 12 sets of paints at a cost of $1.50 each. During the year, the store purchased 7 at $3.00,
hichkok12 [17]
The number of additional items that Belle Co. purchased is equal to 27. That is, 7 + 8 + 12 which is equal to 27. The concept of LIFO is "Last In First Out" which means that the ones that has been purchased last should be dispensed off first. 

The company sold 31 units. 27 of this is already the newly purchased ones and 4 came from the beginning inventory leaving the number of items to only 8 sets of paint for $1.5. 

The cost of the ending inventory is,

                 I = 8($1.5) = $12

The answer is letter C. $12.00. 
6 0
3 years ago
Read 2 more answers
Which of the following is a criticism of the national income and product accounts?
jok3333 [9.3K]

I believe the correct answer among the choices is:

b) They do not capture most nonmarket economic activity

 

<span>The National Income and Product Accounts or NIPA is one of the main sources of the data on general economic activity in the United States. The greatest drawback to this is that it is only a prediction, it does not really reflect all the acitivities.</span>

4 0
3 years ago
How many people went or is still going to vo-tech in Bloomsburg pa?<br><br>i need some advice
oksano4ka [1.4K]

Tours will be held on the following evenings, for the school districts listed. Times are 6:00 – 8:00 PM on these nights:

* Danville – February 3rd and 4th

* Central Columbia and Millville – February 10th and 11th

* Berwick – February 16th

* Southern Columbia and Bloomsburg – February 17th and 18th

7 0
3 years ago
Read 2 more answers
Last year, Myron purchased a $10,000 certificate of deposit with a 3% rate of interest from his bank. The government reported th
Dmitrij [34]

Answer:

Myron gains, while the bank loses.

Explanation:

Fallen in prices is usually cause by deflation i.e a general decrease in the prices of goods and services which enhances the purchasing power of money.

In this case, 5% fall in price will increase the value of the Myron investment with bank and caused bank more money .

8 0
3 years ago
Other questions:
  • Although it is a small company, Zorn Enterprises owns a large number of inexpensive rental housing units in Texas and Louisiana.
    12·1 answer
  • GASB requires enterprise funds to be used under which of the following circumstances? A) When the legal requirement exists that
    5·1 answer
  • A project is a time-bound effort constrained by performance specifications, resources, and budget to create a unique product or
    12·2 answers
  • Many levels of energy does an atom have?​
    6·1 answer
  • You contract to purchase 100 widgets at $100 each. The supplier backs out of the contract. If you are able to purchase, on the o
    10·1 answer
  • The adjusted trial balance for Waterway Industries at the end of the current year, 2021, contained the following accounts. 5-yea
    6·1 answer
  • Assume a perfectly competitive industry making peanuts is in long-run equilibrium. The price per pound of peanuts is $2. Next, a
    15·1 answer
  • Among ________, women and men shop on the Internet with equal frequency, and men tend to spend more per purchase transaction tha
    10·1 answer
  • Choose all of the possible causes of structural unemployment
    13·1 answer
  • major urban areas are the only places benefitting from the creative economies. group of answer choices true false g
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!