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inysia [295]
3 years ago
8

Crane Company is evaluating its Piquette division, an investment center. The division has a $66000 controllable margin and $4800

00 of sales. How much will Crane’s average operating assets be when its return on investment is 10%?
Business
1 answer:
liberstina [14]3 years ago
8 0

Answer:

$600,000

Explanation:

Data provided in the question:

Controllable margin = $66,000

Sales = $480,000

Return on investment = 10%

Now,

Return on investment  = Controllable Margin ÷ Average Operating Assets

or

10% = $60,000 ÷ Average Operating Assets

or

Average Operating Assets = 60000 ÷ 10%

or

Average Operating Assets = 60000 ÷ 0.01

or

Average Operating Assets = $600,000

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Solnce55 [7]

Answer:

(B) What must be given up to acquire it

Explanation:

Opportunity cost, in a simple language, means trade-off or an income or savings that we need to forego.

It is the amount or value of a certain event or activity that must be given off due to choosing one alternative over another.

In this case, the salary of $50,000 per year is the opportunity cost.

8 0
3 years ago
Mortimer loves sushi. he loves sushi so much that he asks his congressional representative to work for passage of a binding pric
Flauer [41]

First option.

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8 0
3 years ago
If the buyer also paid a 3% real estate agent commission, what was the total amount paid at closing? a. $2,499 b. $5,550 c. $6,4
nika2105 [10]

Based on the various costs paid at closing, the total amount that was paid was <u>d. $7,499.</u>

<h3>Commission paid to agent</h3>

= Cost of house x Commission

= 3% x 180,000

= $5,550

<h3>Total amount paid at closing</h3>

= Commission + Loan origination + Title insurance +Attorney fees + Appraisal cost + Recording fees

= 5,550 + 275 + 528 + 750 + 275 + 121

= $7,499

In conclusion, the total paid at closing is $7,499.

Find out more on closing costs at brainly.com/question/26133271.

5 0
2 years ago
When the operating activities section of the statement of cash flows is reported using the direct method: Multiple Choice Footno
sp2606 [1]

Answer:

Operating cash receipts minus operating cash payments equals net cash provided (used by) operating activities.

Explanation:

A statement of cash flows is also known as cash flow statement and it is a financial statement which is used to illustrate how changes in income and various account of the balance sheet affect cash and cash equivalents.

The statement of cash flows is also used by financial experts or accountants to breakdown the cash-flow analysis into;

1. Cash-flow from financing activities: it represents the cash flow from debt or equity. Typically, it's the costs used in a financing a business.

2. Cash-flow from investing activities: it represents the cash flow from investment such as proceeds from the sale of plant, equipments, etc.

3. Cash-flow from operating activities: it represents cash-flow and transactions from operational business activities such as employee salary, sales of goods, etc.

In Financial accounting, the direct method of reporting operating cash flows uses actual cash inflows and outflows from the operating activities of a company by generating data from the income statement (cash receipts and cash disbursements/payments).

Hence, when the operating activities section of the statement of cash flows is reported using the direct method; operating cash receipts minus operating cash payments (disbursements) equals net cash provided, that is typically used by operating activities.

4 0
3 years ago
Which of the following are the two main types of contracts?
Lana71 [14]

Answer:

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