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elixir [45]
3 years ago
10

Assume the Runnng Shoes division of the Shoes Corporation had the following results last year (in thousands). Management's targe

t rate of return is 30% and the weighted average cost of capital is 15%. Its effective tax rate is 40%. Sales............................ .......$6,000,000 Operating income..................1,800,000 Total assets..................... ......1,000,000 Current liabilities.......................810,000 What is the division's Return on Investment (ROI)? (1 Point)
Business
1 answer:
vivado [14]3 years ago
4 0

Answer: 180%

Explanation:

Return on investment = (operating income/sales) x (sales/total assets)

=>  operating income / total assets

given Operating income=1,800,000

Total assets.1,000,000

Current liabilities.=810,000

Return on investment=1,800,000/1,000,00=1.8 X 100= 180%

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Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 70% of its sales are
horsena [70]

Answer:

$1,756,600.

Explanation:

                                         P2 Jasper Company

                                     Budgeted cash Receipt

                                           For the 2nd quarter

                                                           April                   May                  June

Accounts Receivable                        $400,000

70% in the month of Sale                  $367,500          $374,500      $392,000

30% in the month after Sale                                        $110,250        $112,350

Budgeted cash receipt                     $767,500           $484,750       $504,350

Total budgeted cash receipt for the 2nd quarter = $767,500 + $484,750 + $504,350 = $1,756,600.

30% in the month after sale means 30% amount will be received in the following month.

6 0
3 years ago
Papa John's received negative publicity concerning the quality of the contents used in making their pizza. The information in th
andriy [413]

Answer: A blog

Explanation:

A blog is an online journal or website that displays information about a particular topic or product. A blog is an avenue for a writer to give their views on certain subject.

There are important reasons to start a blog. Blogging for projects or business, increases the visibility for the company. Blogging helps to get the attention of the consumers hence, connecting the company to it audience. It also boost traffic as the more one posts, the more the company is known.

6 0
3 years ago
A study by the Environmental Protection Agency looked at the costs and benefits of the Clean Air Act from 1970 to 1990. This stu
qwelly [4]

Answer: d. 44 times higher

Explanation:

The benefits of cleaner air was $22 trillion and the cost of reducing pollution was $500 billion.

The number of times that you would have to multiply this cost of reducing pollution to get to the benefits of cleaner air is:

= 22 trillion / 500 billion

= 22,000 billion / 500 billion

= 44 times higher

5 0
2 years ago
As a company manager for Claimstat corporation, there is a 0.40 probability that you will be promoted this year. There is a 0.72
kipiarov [429]

Answer:

(1) If you get a promotion, what is the probability that you will also get a raise?

25% or 0.25

(2) Are getting a raise and being promoted independent events? Explain using probabilities.

yes, they are independent events because you a given one probability for getting a raise (40%) and another one for getting both a raise and a promotion (25%). If they were dependent events, the probability would be the same but they are not.

(3) Are these two events mutually exclusive? Explain using probabilities.

No they are not, again the probability of getting both a raise and a promotion is 25%.  

3 0
2 years ago
On 12/31/2020, Heaton Industries Inc. reported retained earnings of $225,000 on its balance sheet, and it reported that it had $
USPshnik [31]

Answer:

$502,500

Explanation:

Heaton industries incorporation reported retained earnings of $225,000 on 12/31/2020

They also reported a net income of $172,500 during the year

On its previous balance sheet the company reported retained earnings of $555,000

Therefore the amount paid in dividends by Heaton during 2029 can be calculated as follows.

= $555,000+$172,500

= $727,500

$727,500-$225,000

= $502,500

Hence the amount paid in dividends by Heaton corporation during 2020 is $502,500

5 0
3 years ago
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