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
torisob [31]
3 years ago
14

Given the following data: Average operating assets $ 1,372,000 Total liabilities $ 144,060 Sales $ 1,029,000 Contribution margin

$ 535,080 Net operating income $ 164,640 Return on investment (ROI) is:
a. 16.0%
b. 12.0%
c. 52.0%
d. 39.0%
Business
1 answer:
slavikrds [6]3 years ago
6 0

Answer:

b. 12.0%

Explanation:

ROI=Net operating income/Avg operating assets = 164640/1372000 = 12%

You might be interested in
Andrews Corporation uses the weighted-average method of process costing. The following information is available for February in
marissa [1.9K]

Answer:

The cost for conversion as per equivalent unit of production is $5.85

Explanation:

Formula for cost of conversion per equivalent unit of production =

Total cost / Equivalent units of production

Equivalent cost of production for conversion is given = 95,000 UNITS

CALCULATING TOTAL COST =

Cost of beginning work in progress + Cost incurred in February ( conversion )

= $36,000 + $ 520,000

= $556,000

Putting the values of total cost and equivalent units of conversion in formula-

= $ 556,000 / 95,000

= $5.85

4 0
3 years ago
Quintina decided to increase the deduction percentage of her federal income tax rate from 14% to 16%. Quintina’s gross pay per m
lora16 [44]
Since you gave no table,

her federal income in 14 % Rate = 14 % x 2,100
                                                         = $ 294

Her federal tax in 16 % Rate = 16 % x 2,100
                                                 =  $ 336
4 0
3 years ago
Read 2 more answers
What is the main commodity on the JEB - property/ shares/ gold/ oil ?
lyudmila [28]
<span>Gold is the main commodity on the JEB. Right now gold is trading around the $1250 level.</span>
6 0
3 years ago
Select the FALSE statement from below: A. The National Response Framework explains how, at all levels, the nation effectively ma
vlada-n [284]

Answer: The Statement A. is FALSE.

Explanation: The National Response Framework explains how, at all levels, the nation effectively manages the all-hazards response, is the FALSE statement.

The United States National Response Framework is essential to the National National Security Strategy, it helps to give all domestic response partners a response to disasters and emergencies.

7 0
3 years ago
Read 2 more answers
Crich Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direct
Rama09 [41]

Answer:

$1,524 underapplied

Explanation:

Predetermined overhead rate = Estimated Manufacturing Overhead ÷ Estimated Activity.

                                                  = $560,324 ÷ 22,060

                                                  = $25.40

Applied Overheads = Predetermined overhead rate × Actual Activity

                                 = $25.40 × 22,000

                                = $558,800

<em>Where,</em>

Actual Overheads are  $560,324 (given)

<em>Conditions :</em>

If Actual Overheads > Applied Overheads, we say overheads are under-applied and if Actual Overheads < Applied Overheads, we say that overheads are over-applied.

<em>Therefore ,</em>

In our case, Actual Overheads : $560,324 > Applied Overheads : $558,800. Overheads have been under-applied by $1,524 ($560,324 - $558,800).

8 0
3 years ago
Other questions:
  • Given the following information, calculate the net present value:Initial outlay is $50,000; required rate of return is 10%; curr
    14·1 answer
  • The executive managers of Auto International, a U.S.-based multinational car manufacturer, want to reduce the vulnerability of t
    9·1 answer
  • Select the appropriate response tim is confined to a nursing home but doesn't have a terminal illness. which life insurance ride
    7·1 answer
  • Access to lifesaving medicine is very limited in parts of Africa; as a result, over 10% of children do not reach the age of five
    7·1 answer
  • Many organizations are adapting to the environment by developing more of a(n) _____ relationship rather than a(n) _____ relation
    8·1 answer
  • PLEASE HELP???
    9·1 answer
  • Which of the following is NOT a benefit of a social media presence for a brand? Group of answer choices Social media allows comp
    10·1 answer
  • El factor productivo naturaleza se considera originario debido a que??
    13·1 answer
  • An examination of the reasons given by people willing to accept the risks of entrepreneurship indicates that: A)the desire to ea
    6·1 answer
  • An agent made written disclosure to his employing broker-dealer that he intends to execute a series of private securities transa
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!