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BigorU [14]
3 years ago
12

Jamison Company had sales revenue and operating expenses of $5,000,000 and $4,200,000, respectively, for the year just ended. If

invested capital amounted to $6,000,000, the firm's ROI was:_________
A. 13.33%.
B. 83.33%.
C. 120.00%.
D. 750.00%.
Business
1 answer:
Evgesh-ka [11]3 years ago
4 0

Answer:

A,. 13.33%.

Explanation:

Return on Investment (ROI) which gives the efficiency of a particular investment

We were given invested capital amounted as $6,000,000, and operating expenses as $5,000,000

We can calculate net income by substracing equal sales revenue from operating expenses

net income can be calculated as = ($5000000-$420000)

= $800000

ROI can be calculated as

net income/Capital investment

$800000/$6000000

=. 13.33%.

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The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
Naddik [55]

Answer:

$11.165 unfavorable

Explanation:

The formula to compute the variable overhead efficiency variance is shown below:

= (Actual direct labor hours - standard direct labor hours) × variable overhead per hour

where,  

Actual direct labor hours is 2,975

And, the standard direct labor hours equal to

= 250 units × 9

= 2,250

Now put these values to the above formula  

So, the value would equal to

= (2,975 - 2,250) × $15.40

= $11.165 unfavorable

6 0
3 years ago
When Peter celebrated his 25th anniversary at the company, he felt that the gold watch he was given was just a meaningless trink
Marysya12 [62]

Answer:

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Explanation:

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7 0
3 years ago
Once a company has prepared an adjusted trial balance it is ready to prepare financial statements. Which financial statement is
Sloan [31]

Answer:

A

Explanation:

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8 0
3 years ago
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ziro4ka [17]
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7 0
3 years ago
What is market power?
Sedbober [7]
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8 0
3 years ago
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