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
Semenov [28]
3 years ago
8

Mason Corporation had $1,150,000 in invested assets, sales of $1,228,000, income from operations amounting to $226,000, and a de

sired minimum rate of return of 12%. Round your answer to two decimal places. The investment turnover for Mason Corporation is a.0.85 b.1.07 c.1.28 d.1.60
Business
1 answer:
ohaa [14]3 years ago
6 0

Answer:

b.1.07

Explanation:

Investment turnover ratio determines the times when the portfolio of investment is sold during a particular period of time e.g Monthly, Annually, etc. The higher turnover results in more commission earned by the broker who is selling the portfolio.

Investment Turnover = Sales / Invested Assets

Investment Turnover = $1,228,000, / $1,150,000

Investment Turnover = 1.067826

Investment Turnover = 1.07 ( Rounded off to 2 decimals places )

You might be interested in
An attractive business climate is defined by only one dimension: it minimizes the political risk to a company.
kari74 [83]
I believe the correct answer is false. <span>An attractive business climate is not defined by only one dimension: it minimizes the political risk to a company. Other than this, there are other indicators present. Hope this answers the question. Have a nice day.</span>
4 0
3 years ago
The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products
Serga [27]
I believe the correct answer from the choices listed above is option B. <span>The phase of the Technology Product Development Cycle that describes key technology that has been integrated into many products is the mature phase. Hope this answers the question.</span>
4 0
3 years ago
Read 2 more answers
If you need to confiscate a PC from a suspected attacker who does not work for your organization, what legal avenue is most appr
kirill115 [55]

Answer:

The correct answer is

b) Consent agreement signed by employees.

good luck ❤

8 0
3 years ago
Some clouds do not rain and others do because the clouds that do not rain do not have enough water in them
Alekssandra [29.7K]
That’s wise i like it
6 0
3 years ago
Clayborn Company deposits all cash receipts on the day they are received and makes all cash payments by check. At the close of b
Aleks04 [339]

Answer:

$27,900

Explanation:

The computation of adjusted cash balance is shown below:-

Adjusted cash balance = Balance at May 31 - bank service fees - NSF check

= $28,525 - $25 - $600

= $27,900

Therefore for computing the adjusted cash balance we simply deduct the bank service fee and NSF check from balance at may 31

Hence, the adjusted cash balance is $27,900

7 0
3 years ago
Other questions:
  • Kevin purchased a lawn mower. The blades were so dull that the mower could not cut the grass in his backyard. Due to the existen
    9·1 answer
  • Discuss the effectiveness of the human resources function at your organization or at one with which you are familiar. What, if a
    11·1 answer
  • Mortgages, loans taken to purchase a property, involve regular payments at fixed intervals and are treated as reverse annuities.
    14·1 answer
  • In 2000, a star major-league baseball player signed a 10-year, $266 million contract with the Texas Rangers. Assume that equal p
    14·1 answer
  • Companies typically start their international foray with ________, which involves working through independent intermediaries who
    10·1 answer
  • Language usage, delivery, and presentation aids fall under the ______ stage of informative speaking.
    12·1 answer
  • Bond P is a premium bond with a coupon rate of 9 percent. Bond D has a coupon rate of 5 percent and is currently selling at a di
    9·1 answer
  • The Bell Weather Co. is a new firm in a rapidly growing industry. The company is planning on increasing its annual dividend by 1
    7·1 answer
  • The City of Mayville had total fund balance in its General Fund of $200,000 on December 31, 2019. The City of Maysville's Genera
    10·1 answer
  • Roger works as a sales manager for Hi-Tech Solutions, a company that performs software consulting services. While working for Hi
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!