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dmitriy555 [2]
3 years ago
12

Division A of Chacha Company has sales of $140,000, cost of goods sold of $83,000, operating expenses of $43,000, and invested a

ssets of $150,000. The investment turnover for Division A is:______
a. 10.7
b. 9.3
c. 1.07
d. 0.93
Business
1 answer:
KiRa [710]3 years ago
6 0

Answer:

d. 0.93

Explanation:

Investment turnover is a measurement of how a company is able to generate revenue as a result of using the money invested in the company.

Investment turnover is computed by

= Net sales ÷ Invested assets

Given that;

Sales = $140,000

Invested assets = $150,000

Investment turnover = $140,000 ÷ $150,000

Investment turnover = 0.93

Therefore, investment turnover for Division A is 0.93

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Answer:

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7 0
3 years ago
A company has two options for manufacturing boots. The manual process has monthly fixed costs of $26,380 and variable costs of $
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Answer:

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Break even point in units is calculated using this formula:  

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6 0
3 years ago
Hunter Company reported a net loss of $12,000 for the year ended December 31, 2017. During the year, accounts receivable decreas
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Answer:

$50,000

Explanation:

The preparation of the operating activities under the indirect method is shown below:

Cash flows from operating activities

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The options are incorrect. The right answer is shown above

4 0
3 years ago
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