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mariarad [96]
3 years ago
7

U.S. Products operates two divisions with the following sales and expense information for the month of May: North Division: Sale

s $240,000; Operating income $72,000, Operating assets $600,000. South Division: Sales $160,000; Operating income $80,000, Operating assets $800,000. U.S. Products expects a minimum return of 10% should be earned from all investments. North Division’s return on investment for May is:
Business
1 answer:
IgorC [24]3 years ago
3 0

Answer:

12%

Explanation:

The income earned over on the investment made in the business is known as the return on Investment. it is calculated by dividing net income for the period with the total investment made in the business.

In this question we have operating income and operating asset to calculate the return on investment.

North division

Return on Investment = (Operating Income / Operating Assets) x 100

Return on Investment = ( $72,000 / $600,000 ) x 100 = 12%

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2 years ago
In which of the following situations is having a good credit score important
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When it comes to financing something, like a home or a car.
7 0
3 years ago
purchased equipment on January​1, 2018​,for $ 27 comma 419.Suppose Duck Pond Golf Club Sold the equipment for $ 19 comma 000 on
ale4655 [162]

Answer:

31 December 2019

Cash                                      19000 Dr

Accumulated depreciation  12186 Dr

            Equipment                        27419 Cr

            Gain on disposal              3767 Cr

Explanation:

Straight line depreciation method charges a constant depreciation expense through out the useful life of the asset.

To calculate the gain or loss on disposal/sale of an asset like this, we need to first determine the book value or carrying value of asset on that day.

Carrying value = Cost - Accumulated depreciation

Carrying value = 27419 - 12186

Carrying value = $15233

Gain or (loss) on disposal = Cash/Sale proceeds - Carrying Value

Gain or (loss) on disposal = 19000 - 15233

Gain or (loss) on disposal = $3767 Gain

3 0
2 years ago
Ben works at a top accounting firm in Salt Lake City and his responsibilities include developing reports for each salesperson, p
kipiarov [429]

Answer:

Information granularities

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Information granularities refers to the level of detail used in modelling of situations or straight decision making process.

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3 0
3 years ago
In Russia, suppose GDP per capita grows by 9.0 % per year for 31 years . By how many times does this economy grow?
makkiz [27]

Answer:

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Explanation:

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Number of years = n = 31 years

Number of time economy grow = ( 1 + growth rate )^number of years

Number of time economy grow = ( 1 + g )^n

Number of time economy grow = ( 1 + 0.09 )^31

Number of time economy grow = 14.46 times

So, Russian Economy will grow by 14.46 times using 9% per year growth for 31 years.

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3 years ago
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