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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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Answer:

c. liable on the ground that Mesa is an intended third-party beneficiary

Explanation:

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            In the context, Mesa is a third party beneficiary. The Mesa County enters into a contract with New Construct Inc. to construct a court house. Now New Construct Inc. again hires the firm Odell to excavate the land site.

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3 years ago
On January 1, 2017, Sunland Industries had cash and common stock of $196000. At that date the company had no other asset, liabil
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Answer:

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Explanation:

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So in this question we considered the dividend and unrealized holding gain as an comprehensive income

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Answer:

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Alphonse is attending college next year. He received this offer from a university. His parents told him they would pay for his r
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Answer:

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