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padilas [110]
3 years ago
11

Aide Industries is a division of a major corporation. Data concerning the most recent year appears below: Sales $17,810,000 Net

operating income $765,830 Average operating assets $5,100,000 The division's return on investment (ROI) is closest to: (Round your answer to 2 decimal places.)
Business
1 answer:
JulsSmile [24]3 years ago
6 0

Answer:

The division's return on investment (ROI) is closest to 15.02%

Explanation:

Return on investment (ROI) is calculated by using following formula:

ROI = Net income/Total investment

In Aide Industries is a division of a major corporation, total investment  equal Average operating assets.

The division has Net operating income of $765,830 and  Average operating assets of $5,100,000

ROI = $765,830/$5,100,000 = 15.02%

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The following information pertains to Lightning Inc., at the end of December: Credit Sales $ 20,000 Accounts Payable 10,000 Acco
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Answer:

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Explanation:

The appropriate amount of Bad Debt Expense can be calculated as follows:

Bad debt expense = (Percentage of accounts receivable not yet due it will not collect * Accounts receivable not yet due) + (Percentage of receivables up to 30 days past due it will not collect * Amount of receivables up to 30 days past due) + (Parentage of receivables of receivables greater than 30 days past due it will not collect * Amount of receivables greater than 30 days past due) - Allowance for Uncollectible Accounts (credit) ……………………… (1)

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3 0
2 years ago
You have $7,600 to deposit. Regency Bank offers 12 percent per year compounded monthly (1.0 percent per month), while King Bank
Goryan [66]

Answer:

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8 0
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