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Lemur [1.5K]
3 years ago
10

Griffin corp. is evaluating its piquette division, an investment center. the division has a $60,000 controllable margin and $400

,000 of sales. how much will griffin's average operating assets be when its return on investment is 10%?
Business
1 answer:
liberstina [14]3 years ago
6 0
Given:
Controllable margin = 60,000
sales = 400,000
return on investments = 10%

Return on investments = net profit / average operating assets

10% = 60,000 / ave. operating assets.

Average operating assets = 60,000 / 10%
Average operating assets = 600,000

Griffin's average operating assets will be 600,000 when its return on investment is 10%.
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Answer:

Direct labor cost= $31,200

Explanation:

Giving the following information:

Production= 48,000 units

Standard time= 3 minutes per unit

Rate= $13 per hour

First, we need to calculate the number of hours required:

The proportion of minuted per hour= 3/60= 0.05

Number of hours= 48,000*0.05= 2,400 hours

Now, the direct labor cost:

Direct labor cost= 2,400*13= $31,200

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Answer:

Some costs have been incurred already, and therefore do not change across alternatives in some current or future decision.

Explanation:

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My Notes Your small farm encompasses 110 acres, and you are planning to grow tomatoes, lettuce, and carrots in the coming planti
maw [93]

Answer:

For maximum profit, we'll take tomato.

Explanation:

Total = 110 Acres

                               Toamto         Lettuce        carrots

Fertilize                   5                    4                  2

Labour                    4Hr/W            2Hr/W         2Hr/W

Fertilize                  5x+4x+2X=440 it means, x=40.

                              5(40); 4(40) : 2(40)

Labour                    4x+2x+2x= 550 it means, x=68.75

                               4(68.75); 2(68.75); 2(68.75);

Profit                       3000                1400           400

Expenses               475                   297.5          217.5

Differemce of profit  2525            1102.5          232.5

Hence tomatos are best profitable.

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