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ad-work [718]
4 years ago
10

Profit Margin, Investment Turnover, and ROI Briggs Company has operating income of $56,496, invested assets of $214,000, and sal

es of $470,800. Use the DuPont formula to compute the return on investment. If required, round your answers to two decimal places.
a. Profit margin %
b. Investment turnover
c. Return on investment %
Business
1 answer:
kotykmax [81]4 years ago
6 0

Answer:

a. Profit margin = Operating income/Sales x 100

                         = $56,496/$470,800 x 100

                         = 12%

b. Investment turnover = Turnover/Investment

                                      = $470,800/$214,000

                                      = 2.2 times

c. Return on investment(ROI) = Profit margin x Investment turnover

                                               = 12 x 2.2

                                               = 26.4%

Explanation:

Profit margin is the relationship between operating income and sales.

Investment turnover is the relationship between sales(turnover) and investment.

Return on investment is the product of profit margin and investment turnover.

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Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators
Vadim26 [7]

Complete question:

Assume that the Texas legislature is not in session and the economy has gone into recession. What must occur before legislators can act to reformulate policy

A. The legislature as a body must wait for the comptroller to decertify the budget.

B. The legislature must wait for a special session to be called.

C. The legislature must wait for economic conditions to deteriorate to a point where a constitutional provision allowing deficit spending kicks in.

D. The legislature must wait until the federal government increases monies for state governments.

Answer:

The legislature must wait for a special session to be called.

Explanation:

Once the Texas legislature passes a budget and the governor has acted, after 6 months does the budget go into effect.

The Texas legislature passed a law that requires that an agency take a specific action in order to solve a problem. At formulation stage of the policy making process did the passage of this law occur

A special session (also a exceptional session) in a parliamentary term is a time when the assembly meets outside the usual legislative session. Anyone holding a special meeting would be subject to different requirements, such as by a legislative vote in a normal session, the president, or the presiding officer of the legislature.

6 0
3 years ago
Someone who provides you with recommendations related to your money and investments would be called a...
IgorC [24]
Investor is the answer. Hope this helps!
3 0
4 years ago
Fair Housing Act a. All of the other answers b. Mandated that no one should be denied access to a home based on the color of the
Ludmilka [50]

Answer:

B

Explanation:

5 0
2 years ago
If the economy starts below full employment, an expansionary fiscal policy will shift the aggregate demand curve from _____ to _
MrRissso [65]

The expansionary fiscal policy will shift the aggregate demand curve from <u>AD0</u> to <u>AD1</u> and equilibrium will move from point <u>a</u> to <u>b</u> if the economy starts below full employment.

<h3>What is the below full employment?</h3>

Its means when an the short-run real gross domestic product is lower than that same long-run potential real gross domestic product.

Hence, the economic situation will elicit a policy of expansionary fiscal which will affect the aggregate demand graph.

Therefore, the aggregate demand curve from <u>AD0</u> to <u>AD1</u> and equilibrium will move from point <u>a</u> to <u>b</u> if the economy starts below full employment.

Read more about aggregate demand

<em>brainly.com/question/1490249</em>

7 0
2 years ago
Roanoke Company produces chocolate bars. The primary materials used in producing chocolate bars are cocoa, sugar, and milk. The
Dafna1 [17]

Answer:

Roanoke Company

The standard direct materials cost per bar of chocolate is:

= $0.33.

Explanation:

a) Data and Calculations:

A batch of chocolate = 1,827 bars

Standard Costs for a batch:

Ingredient   Quantity      Price

Cocoa          600 lbs.    $0.40 per lb.

Sugar            180 lbs.    $0.60 per lb.

Milk              150 gal.      $1.70 per gal.

Ingredient   Quantity      Price                 Total Cost

Cocoa          600 lbs.    $0.40 per lb.      $240.00 (600 * $0.40)

Sugar            180 lbs.    $0.60 per lb.         108.00 (180 * $0.60)

Milk              150 gal.      $1.70 per gal.     255.00 (150 * $1.70)

Total cost of batch of chocolate =         $603.00

Cost per bar = $0.33 ($603.00/1,827)

5 0
3 years ago
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