If Randolph co. has sales of $3,000,000, net income of $200,000, and total asset turnover of 1. 5x
<u>Return on Assets</u>:
ROA = Profit margin x Asset turnover
ROA=($200,000/$3,000,000) x 1.5 = 0.099
Return on assets compares the asset worth of a company with the profits it makes over a predetermined time period. Managers and financial analysts use return on assets as a measure to assess how well a company is utilizing its resources to generate profits.
An effective indicator for assessing a single company's performance is return on assets. When a company's ROA increases over time, it shows that it is extracting more profit from every dollar of assets it owns. Typically, a ROA of 5% or above is seen as good; a ROA of 20% or higher is regarded as great.
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<h2> WHAT IS <em>MARGINAL </em><em>VALUE</em></h2>
- it is a consumer's value of the last unit of consumption. In the demand curve in the industry it is the value of good to the consumer who buys the product but what it only accepts is low value from consumption.

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Answer:
The 90% confidence interval is c) $45.3637, $62.6363
Explanation:
Hi, since we need to find the Z value from the standard deviation table that would substract an equal area from both size of the normal distribution graph, we can tell that the probability that we have to rate into account is 5% (I mean, 10%, which we substract from both sides 5%), and the Z number for a probability of 5% is -1.645 which is the lower end of the interval, and due to symmetry, the higher end of the interval would be 1.645.
Now, we need to use the following formula in order to find the lower and higher ends of the interval.

Where:
C.L = Confidence Level
Mean = in our case, $54
StdDev = $21
n = sample sizes, in our case, that would be 16
So, the lower level would be


Therefore:


So, the interval in order to have 90% confidence is c. [$45.3637, $62.6363]
Answer:
$446,000
Explanation:
Factory overhead are indirect costs incurred by a company during production which can not be easily be traced to units produced.
factory overhead cost calculation :
Indirect factory wages $151,000
Supervisor salaries $56,000
Power and light $113,000
Depreciation of plant and equipment $74,000
Indirect materials $20,000
Insurance and property taxes $32,000
Total $446,000