The return on investment for this division is (B) 20%.
<h3>
What is the return on investment (ROI)?</h3>
- Return on investment (ROI) or return on costs (ROC) is a ratio of net income to investment over time (costs resulting from an investment of some resources at a point in time).
- A high ROI indicates that the benefits of the investment outweigh the costs.
- ROI is used as a performance indicator to evaluate the efficiency of an investment or to compare the efficiencies of several investments.
- It is one method of connecting profits to capital invested in economic terms.
<h3>To find the return on investment for this division:</h3>
= income/average invested assets
= $40,000/$200,000
= return on investment
= 20%
Therefore, the return on investment for this division is (B) 20%.
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Correct question:
The Midwest Division of Grainger Company has an investment center average invested assets of $200,000 and an investment center income of $40,000. What is the return on investment for this division?
(A) 500%
(B) 20%
(C) 25%
(D) 80%
Answer:
$11,000
Explanation:
Fabricating Department budgeted direct labor = $9,280
Depreciation remains constant at any level of production.
Budgeted labor rate = Budgeted direct labor ÷ Hours of production
= $9,280 ÷ 640
= $14.5 per hour
Direct labor cost = completed hours of production × Budgeted labor rate
= 600 × $14.5
= $8,700
Budget for the Fabricating Department at 600 hours of production:
Budgeted cost = Direct labor cost + Equipment depreciation
= $8,700 + $2,300
= $11,000
Answer:
Socially responsible business
Explanation:
The company is investing in save the enviroment, so it is assuming his role inside the society. It is performing a policy which does not seek profit, it seeks to generate a better and sustainable community and world.
It reduces waste and promotes recicling
Answer:
$2960 yearly savings
Explanation:
From the values given and from mathematical manipulation, he or she needs a contribution of at least $2900 every year in order to achieve his goal of $50,000.
EXPLANATION
- If the child is 5yr old now, in 13years time, she will be 18yr old.
- for the next 13years, it would have amount to $38350
- remember the bank will give an annual interest rate of 2%
- so for 13years, that's 26% = 0.26
- In the 13th year, he would have saved $38350, add the 26% interest for the duration of 13years = 26% x $38350 + $38350 = $48321
- His savings will fall between $2950 - $2960 yearly.
Companies create a division of labor among employees in order to allow each employee to perform one task at a high level
<h3>What is division of labor?</h3>
It involves Sharing of duties or job among individuals or employee.
An employee is allowed to handle a particular task for efficiency.
Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level
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