Answer:
12%
Explanation:
Calculation for the division's return on investment
Using this formula
Return On Investment = Operating income /Average total assets
Let plug in the formula
Return on investment= $636,000/$5,300,000
Return on investment= 0.12*100
Return on investment=12%
Therefore the division's return on investment will be $12%
Answer:
<u>True</u>
Explanation:
Note that she specified the route she wanted, Brad<em> did not</em> ask for permission his employer Angelina.
Therefore, whatever the result of sue brought by Billy Bob against Angelina, <u>she could then passed the cost on Brad who went to another route without her permission.</u>
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Answer:
$18,900
Explanation:
With regards to the above, Accounts receivables balance at the end of the period is computed as
= Accounts receivables at the beginning of the accounting period + Collections - Service provided during the period
= $13,800 + $69,300 - $64,200
= $18,900
The effective interest rate on a discounted note is
.. 1/(1-r) = 1/0.9 ≈ 11.11%
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The amount and time have nothing to do with it for simple interest.