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
Paraphin [41]
3 years ago
13

Planet Company had operating income of $12,000, average operating assets of $125,000, and sales of $45,000. What is Planet's ret

urn on investment (ROI)
Business
1 answer:
Vadim26 [7]3 years ago
4 0

Answer:

36.36%

Explanation:

Return on investment is given as;

Profit / Cost of goods sold × 100%

Given that profit is $12,000 and sales is $45,000 ;

Cost of goods sold

= $45,000 - $12,000

= $33,000

Therefore, return on investment is

= 12,000 / 33,000 × 100%

= 36.36%

You might be interested in
One primary focus of substantive tests in the finance and investment cycle is on:
Arlecino [84]
This Finance Test is designed to help you assess your knowledge on important finance concepts, terminology definitions, and frequently used calculations. We strongly encourage any students who are planning or are beginning their FMVA certification program to take this test to determine whether you will need to take the prerequisite finance courses including Reading Financial Statements, Introduction to Corporate Finance, and Math for Corporate Finance. This is also a useful resource for employers to examine the technical knowledge of the candidates during a finance interview.

If you pass this test with 80% or above (16 questions or more), it is likely that you have a strong background in finance and are good to go ahead with our core courses!

 



 

Finance Test Questions

1. The concept of present value relates to the idea that*

The discount rate is always higher when you invest now than in the future

The discount rate is always higher when you invest in the future than now

The money you have now is worth less today than an identical amount you would receive in the future

The money you have now is worth more today than an identical amount you would receive in the future

2. The formula for calculating future value (FV) is*

FV = PV/(1+r)^n

FV = PV/(1+r)*n

FV = PV x (1+r)^n

FV = PV x (1+r)*n

3 0
3 years ago
The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society
lara31 [8.8K]

Answer:

Milton Friedman.

Explanation:

Milton Friedman is an American economist born on the 31st of July, 1912 in New York, United States of America. Milton is a Nobel laureate for his notable work on monetary history and theory, consumption analysis and the complexity of stabilization policy.

The idea that the mission of business is to produce goods and services at a profit, thus maximizing its contribution to society is associated with Milton Friedman.

This ultimately implies that, most business firms have a mission of producing goods and services that meets the need or requirements of the consumer, as well as generating profit to the business firm.

3 0
2 years ago
Vaughn Manufacturing has fixed costs of $30000 per year. Its warehouse sells wine with variable costs of 90% of its unit selling
oksian1 [2.3K]

Answer:

$300,000

Explanation:

Calculation for How much in sales does Vaughn need to break even per year

Using this formula

Sales needed to break even=Fixed cost/(1-Unit selling price Variable costs)

Let plug in the formula

Sales needed to break even=$30,000 / (1 -.9)

Sales needed to break even=$30,000 / (0.1)

Sales needed to break even=$300,000

Therefore How much in sales does Vaughn need to break even per year will be $300,000

8 0
3 years ago
Please help ASAP will give 25 points.
m_a_m_a [10]

Answer:

c

Explanation:

cuz dahvvhjfjhasjvgdvdsGHGhgdyhhgvlkmn,vzcnfdmndmdfnbdfbhcdhjcbcbdbnf

4 0
3 years ago
Marie saved $51. on wednesday, she spent $8 of her savings. what ratio represents the portion of her total savings that she stil
ASHA 777 [7]

43.51

hope this helps

6 0
3 years ago
Other questions:
  • The purpose of the snapple video is to help students understand how _________ is an effective strategy implementation tool.
    8·1 answer
  • Market research should be conducted:
    11·1 answer
  • Frankie is in charge of writing a script for a television show, along with six other writers. The script must be finished by the
    8·1 answer
  • In a small​ economy, consumption spending is​ $6,000, government purchases are​ $1,200, gross investment is​ $1,500, exports are
    10·2 answers
  • A boss tells her employee, "If you don't get me those figures in the next five minutes, you're fired!" This is an example of whi
    13·1 answer
  • One of the advantages of being a limited partner in a real estate investment venture is that you have __________ liability. limi
    10·1 answer
  • Assume Joe Harry sells his 25 percent interest in Joe's S Corporation, to Tyrone on January 29. Using the specific identificatio
    11·1 answer
  • A census helps the CPI in what way?
    6·1 answer
  • The dean of a school of business is forecasting total student enrollment for this year's summer session classes based on the fol
    8·1 answer
  • What does the slope of the production possibilities curve represent? (1 point)
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!