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
son4ous [18]
3 years ago
11

Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,

880,000 Net operating income $ 3,508,960 Average operating assets $ 9,400,000 The company's minimum required rate of return 14 % The division's margin used to compute ROI is closest to:
Business
1 answer:
Mandarinka [93]3 years ago
7 0

Answer:

See below

Explanation:

Given the above information, margin is computed as;

Margin = Net operating income / Sales

Sales = $37,880,000

Net operating income = $3,508,960

Then,

Margin = $3,508,960 / $37,880,000

Margin = 9.26%

Therefore, the division's margin used to compute ROI is closest to 9.26% approximately

You might be interested in
Which of the following identifies the portion of.people in the United States working in agribusiness
trasher [3.6K]

Answer: it would be about one fourth

Explanation:

7 0
3 years ago
In 2020, HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account bal
Ray Of Light [21]

Answer:

The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.

Explanation:

The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:

Income tax payable                                                          $90 million

deduct;increase in deferred tax asset($170-$130)         ($40 million)

Add;unrealized deferred tax asset($170*30%)                $51 million

Income tax expense for 2021 income statement            $101 million

6 0
2 years ago
Recording partner's original investment Instructions Kimberly Payne and Arionna Maples decide to form a partnership by combining
levacccp [35]

Answer and Explanation:

The Journal entry is shown below:-

Cash A/c Dr, $20,000  

Accounts Receivables A/c Dr, $140,000

($145,000 - $5,000)

Inventory A/c Dr, $101,700  

Equipment A/c Dr, $81,200.

     To Allowance for doubtful Accounts $4,400

     To Payne's Capital A/c $338,500

(Being assets contributed by partner in business is recorded)

For recording the assets contributed by partner in business we simply debited the cash account, accounts Receivables, Inventory and Equipment as increase the assets while we credited the Allowance for doubtful Accounts as it decreasing the assets and Payne's Capital as increasing the stockholder equity.

7 0
2 years ago
You have been pricing an MP3 player in several stores. Three stores have the identical price of $500. Each store charges 24 perc
Alja [10]

Answer:

Store A = $9

Store B = $8

Store C = $10

Explanation:

Finance charges calculated by average daily balance finance charges basis, adjusted balance method finance charges basis and Previous Balance Method Finance Charge basis is calculated as follows

Store A:

Average Daily Balance Finance Charge basis = ($500 + $400) /2

Average Daily Balance Finance Charge basis = $450

Finance Charges = $450 x (24% / 12)

Finance Charges = $9

Store B:

Adjusted Balance Method Finance Charge basis = $500 - $100

Adjusted Balance Method Finance Charge basis = $400

Finance Charges = $400 x (24% / 12)

Finance Charges = $8

Store C:

Previous Balance Method Finance Charge basis = $500 - $0

Previous Balance Method Finance Charge basis = $800

Finance Charges = $500 x (24% / 12)

Finance Charges = $10

3 0
3 years ago
When the price of insulin was $10 consumers demanded 100 units, when the price was $15 consumers demanded 100 units, and when th
Flura [38]
Very straightforward
8 0
3 years ago
Other questions:
  • You are depositing $4,500 today at an annual interest rate of 7.2 percent. How much additional interest will you earn if you lea
    11·1 answer
  • At orange​ photography, determining the purpose of your communication is paramount. this represents​ __________ of the writing p
    12·1 answer
  • A manufacturing company leases a building for $100,000 per year for its production facilities. In addition the machinery used in
    9·1 answer
  • What special precautions or practices should a private practitioner adopt in order to minimize professional liability and ensure
    12·1 answer
  • A US firm is bidding for a contract required by the Swiss government. The firm will not know until three months from now, whethe
    12·1 answer
  • Artificial intelligence (A.I.) is a powerful tool for aiding human decision making. This activity is important because managers
    13·1 answer
  • The income statement of Whitlock Company is presented here.
    15·1 answer
  • Which of the following is an insurance company?
    10·2 answers
  • Xunder the original constitution, congress could not ban the slave trade until ________.
    7·1 answer
  • Exercise 4-36 (Algo) Application of Overhead [LO 4-4, 4-6]
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!