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zavuch27 [327]
3 years ago
14

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

e of return 12% Return on investment (ROI) 15% Sales $ 900,000 Turnover (on operating assets) 3 times What was the Legume Division's net operating income last year
Business
1 answer:
Lubov Fominskaja [6]3 years ago
4 0

Answer: $45000

Explanation:

Firstly, the operating asset will be calculated which will be:

Operating asset = Sales / Turnover

= 900,000/3

Operating assets = $300,000

Then, the net operating income will be: Return on investment × Operating assets

Net operating income = 300,000 × 15%

= 300,000*0.15

= $45,000

Therefore, Legume Division's net operating income last year is $45000

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kvasek [131]

Answer:

Open Communication

Explanation:

Open communication, increases team bonding and improve productivity. Managers who have open and sincere communications with subordinates are more likely to motivate subordinates, while achieving productivity goal.

6 0
3 years ago
You are a monopolist that sells textbooks to undergraduate students. Currently you sell 100 books at a price of $100 each, for r
emmasim [6.3K]

Answer:

Consider the following calculations

Explanation:

(1)  Elasticity of demand = % Decrease in quantity demanded / % Increase in price

0.5 = % Decrease in quantity demanded / 10%

% Decrease in quantity demanded = 10% x 0.5 = 5%

New price = $100 x 1.1 = $110

New quantity = 100 x 0.95 = 95

New revenue = $110 x 95 = $10,450

(2)  If elasticity of demand is 2, which is higher than 1, it signifies that demand is elastic. With elastic demand, total revenue will increase if price is decreased, so I should lower price.

3 0
3 years ago
Personnel forecasting is a functional area information system contained within the ________ department of an organization.
Alika [10]
The answer to this question is <span>Human Resources
The functional area of an information system usually directly related to the current operation of the company, such as what responsibilities that each employees have, the chain of commands that must be followed, how to handle relationship with co-workers, etc.</span>
4 0
4 years ago
Joseph will start school on 9/1/14. He is expected to attend school for four years and will need to pay tuition of $50,000 on Se
My name is Ann [436]

Answer:

e. $153,156

Explanation:

From 9/1/14, he needs $50,000 every year for 4 years to fund the tuition fees. Therefore, present value of the amount needed at 9/1/14 using the Present value of annuity due formula

= 50,000 * {1+ (1/(1.05)^4) } / 0.05 * (1.05)

= $186,162

$186,162 is the amount needed after 4 years. Amount you need to invest today to have this amount in four years = $186,162/(1.05)^4 = $186,162/1.21550625 = $153,156.40

6 0
3 years ago
On February IN , Marshak's investment account has a balance Of $19,800. He deposited ,200 on April I and $2,600 on May l . He wi
lesya692 [45]

The dollar-weighted annual yield for this nine-month period is -2.7%.

<u>Solution:</u>

The investment of deposit on April 1 (Feb, March = 2 months)

\Rightarrow\frac{(9-2)}{9}\times1200=\frac{(7)}{9}\times1200

The investment of deposit on May 1 (Feb, March, April = 3 months)

\Rightarrow\frac{(9-3)}{9}\times1200=\frac{(6)}{9}\times1200

Therefore, Dollar-weighted annual yield for this nine-month period,

\Rightarrow \frac{\text{Total interest}}{\text{Total investments}}

On plugging-in the values,

\Rightarrow\frac{14820-(19800+1200+2600-8400}{19800+\frac{7}{9}(1200)+\frac{6}{9}(2600)-8400}=-0.027

In percentage notation,

-0.027=(-0.027\times100)\frac{1}{100}=-2.7\% (\because \frac{1}{100}=\%)

6 0
3 years ago
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