1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Rina8888 [55]
2 years ago
9

The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rat

e of return 3 % Return on investment (ROI) 5 % Sales $ 730,000 Turnover (on operating assets) 2 times What was the Legume Division's net operating income last year
Business
1 answer:
zaharov [31]2 years ago
3 0

Answer:

$18,250

Explanation:

In this question, we are asked to calculate the net operating income for a division of a firm.

We proceed as follows;

Turnover=Sales/Average operating assets

Average operating assets=(730,000/2)=$365000

Return on investment=net operating income/Average operating assets

Hence Average operating assets=($365000*5%)

which is equal to

=$18250.

You might be interested in
Regina pays her credit card balance in full each month. Last month her average daily balance was $345 and the APR is 11.2%. The
blondinia [14]

Answer: The correct answer is False.

Explanation: When a customer pays off their credit card balance in full each month there is not a finance charge, which makes this answer false. Interest in not charged to a credit card account until the prior month’s balance is not paid in full.

6 0
3 years ago
Interest is defined as
maks197457 [2]

Answer:

in·ter·est

/ˈint(ə)rəst/

Learn to pronounce

See definitions in:

All

Commerce

Law

noun

1.

the state of wanting to know or learn about something or someone.

"she looked about her with interest"

Similar:

attentiveness

undivided attention

absorption

engrossment

heed

regard

notice

scrutiny

curiosity

inquisitiveness

enjoyment

delight

Opposite:

boredom

2.

money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt.

"the monthly rate of interest"

Similar:

dividends

profits

returns

a percentage

Explanation:

3 0
3 years ago
Read 2 more answers
Kenny, Inc., is looking at setting up a new manufacturing plant in South Park. The company bought some land six years ago for $8
Alisiya [41]

Answer:

$35,010,000

Explanation:

Calculation for the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project

Cash flow = $11.4 million + $22.6 million + $1,010,000

Cash flow = $35,010,000

Therefore the proper cash flow amount to use as the initial investment in fixed assets when evaluating this project is $35,010,000

4 0
2 years ago
Schwartz Industry is an industrial company with 100 million shares outstanding and a market capitalization (equity value) of $4
Fudgin [204]
I have to think again about this answer. I will get back! 2.22
6 0
3 years ago
Which of the following is an advantage of a sole proprietorship?
FromTheMoon [43]
B.  Sole proprietorships are not very highly regulated, so they are easy to get started.   Most forms of business are easy to expand if they succeed!  Getting financing really depends on how likely the lenders think the business is to succeed, irrespective of format.  The owner is directly liable for the debts of a sole proprietorship, but even if you incorporate, the bank is likely to want a personal guarantee of the owner for any debt of a new corporation, so it's pretty much the same deal.   Taxes could be higher or lower, depending on how the business does and what other sources of income the proprietor has (like their day job!)
7 0
3 years ago
Other questions:
  • E11-22A (similar to) Question Help The Garver Restaurant Group manufactures the bags of frozen French fries used at its franchis
    6·1 answer
  • Steven is trying to save for a new car. What does he need to created to help him decide how much of his income needs to be used
    7·2 answers
  • Suppose the government increases taxes by ​$11110 billion and the marginal propensity to consume is 0.990. By how will equilibri
    13·1 answer
  • Depreciation is computed from the first of the month of acquisition to the first of the month of disposition. Land A and Buildin
    6·1 answer
  • Rob operates a small plumbing supplies business as a sole proprietor. In 2018, the plumbing business has gross business income o
    15·1 answer
  • Why must people make choices in economic situations?
    15·1 answer
  • Science explanation avout mesurement
    15·1 answer
  • Which economic term is considered a resource?
    7·1 answer
  • When recommending a 529 Plan to a client, the registered representative should inform the customer about the: A income-phase out
    8·1 answer
  • The Pirates of Penzance Company delivers goods to various areas around the world. The company has a great reputation for being p
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!