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2 years ago

Which of the following is an objection to relying solely on Return on Market Investment (ROMI) results?

1 answer:

4 0

The statement that is an objection to relying that solely on Return on Market Investment (ROMI) results is that "ROMI requires knowing what would have happened without the marketing expenditure." ROMI is the contribution to profit attributable to marketing (net of marketing spending), divided by the marketing 'invested' or risked.

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If the owner contributes $19,400 and net income is $15,900, how much did the owner withdraw (owner, withdrawals)

NeX [460]

Answer:

The owner withdrew $8,300

Explanation:

As per given Data

_______________ Assets ____Liabilities

Beginning of Year: $25,000 ___$17,000

End of Year: _____$62,000 ___$27,000

First, we need to the Beginning and Ending Equity value using following formula

Equity = Assets - Liabilities

Beginning Equity = Beginning Assets - Beginning Liabilities

placing values in the formula

Beginning Equity = $25,000 - $17,000 = $8,000

Ending Equity = Ending Assets - Ending Liabilities

placing values in the formula

Beginning Equity = $62,000 - $27,000 = $35,000

Now use the following formula to calculate the amount of drawing

Ending Equity = Beginning Equity + Contribution + Net Income - Owner withdrawal

Placing values in the formula

$35,000 = $8,000 + $19,400 + $15,900 - Owner withdrawal

$35,000 = $43,300 - Owner withdrawal

Owner withdrawal = $43,300 - $35,000

Owner withdrawal = $8,300

3 0

2 years ago

You just started working for a company, where should you first look to find a confidentiality policy concerning information you

mrs_skeptik [129]

B. Employee Handbook

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2 years ago

The production plant for Ace Manufacturing has been located in the same place for over 100 years. It has just completed its new

Reptile [31]

Answer:

True

Explanation:

A single use plan is basically a one time business transaction that is supposed to take place only once and should not be repeated in the future. In this case, the production plant has been used for more than 100 years, but once it is sold, its history and the company should no longer have any type of relationship with it.

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2 years ago

Excess cash is cash that is excess to the operations of a company and is considered "negative debt" because the cash could be us

Harrizon [31]

Answer:

True

Explanation:

Excess cash is a term used in the for the residual cash flow of operation. It is calculated after adding the non cash expenses in the net income of the company and deducting all the capital expenditures. This is the cash balance which is available for the reinvestment purpose and for distribution to the stockholders. This cash can also be used to reduce the gearing of the company and there is a cost attached to it if used for payment of loan, which is the rate or return from the reinvestment of these cash flows.

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2 years ago

Read 2 more answers

Joneen owns a farm. in a signed writing, joneen gave sue the irrevocable right to use a road on his farm so that sue could more

nadezda [96]

Joneen gave Sue a cartway claim to access her own property across a portion of Joneen's property. This type of easement allows an individual to access their property via another, privately owned parcel for the purposes of accessing landlocked property.

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2 years ago