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DIA [1.3K]
3 years ago
5

For a recent year L’Oreal reported operating profit of €3,385 (in millions) for its Cosmetics division. Total assets were €12,88

8 (in millions) at the beginning of the year and €13,099 (in millions) at the end of the year. Compute return on investment for the year. (Enter answer in millions and Round your answers to nearest whole number)
Business
1 answer:
aivan3 [116]3 years ago
8 0

Answer:

The correct answer is 26.05%.

Explanation:

According to the scenario, the given data are as follows:

Beginning Assets = 12,888 ( million)

Ending Assets = 13,099 (million)

Operating profit = 3,385 (million)

So, Average Assets for the year = (12,888 + 13,099) ÷ 2 = 12,993.5 (million)

So, we can calculate the return on investment by using following formula:

Return on investment = Operating profit ÷ Average assets for the year

By putting the value, we get

Return on investment = 3,385 ÷ 12,993.5 (million)

= 0.2605 or 26.05%

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The Italian Bread Company purchased land as a factory site for $70,000. An old building on the property was demolished, and cons
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Answer:

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Explanation

Land

Demolition of old building $9,000

Sale of salvaged materials (1,100)

Legal fees (for title investigation of land) 3,000

Purchase price of land $70,000

Total $80,900

Building

Architect fees (for new building) 20,000

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Interest cost related to the construction 23,000

Total $643,000

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Which options are available when using a combo box rather than a list box? Check all that apply.
kobusy [5.1K]

Answer:

The combo box includes a drop-down menu

Explanation:

A combo box contains a text box field, so choices not on the list can be typed in. The exception is when the DropDownStyle property is set to DropDownList. In that case, the control will select an item if you type its first letter. In addition, combo boxes save space on a form

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3 years ago
Read 2 more answers
Novak Corp. received a check for $21960 on July 1, which represents a 6-month advance payment of rent on a building it rents to
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Answer:

Debit Unearned Rent Revenue, $3660; credit Rent Revenue, $3660

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Cash collected in advance results in the debit in cash account and a credit to Unearned Rent Revenue.

To recognized revenue when it is earned, the entries required are credit revenue and debit Unearned Rent Revenue with the amount earned.

Revenue earned by Novak Corp

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Entries required are debit Unearned Rent Revenue, $3660; credit Rent Revenue, $3660

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Answer:

take on "one-time" tasks that are often complex and require input from members with different types of training and expertise.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.

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The fundamentals of Project Management includes;

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3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

Basically, it is very important and essential that project managers in various organizations, businesses and professions form a project team, so as to successfully achieve their aim, objectives and goals set for a project.

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