After solving the profit equation to isolate price, you have:

If a company reports profit margin of 33.1% and investment turnover of 1.20 for one of its investment centers, the return on inv

PolarNik [594]

If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%.

Using this formula

Return on investment = Profit margin ×Investment turnover

Where:

Profit margin=33.1% or 0.331

Investment turnover=1.20

Let plug in the formula

Return on investment = 0.331×1.20

Return on investment = 0.3972×100

Return on investment = 39.72%

Inconclusion If the investment turnover is 1.20 for one of its investment centers, the return on investment must be: 39.72%

Learn more about return on investment here: brainly.com/question/23823344

7 0

2 years ago

Leon exchanges an office building which he held as investment property for a bowling alley. His office building has a basis of $

exis [7]

Answer:

According to Section 1031 of Internal Revenue Code, an exchange of like-kind property is referred to as like-kind exchange, if the exchange meets the following criteria:

The property should be exchanged only for the 'like-kind' (same class) property.
The 'like-kind' property that is in exchange should be either used in operations of business or held for investment purposes.
The exchange should be done under specific timing restrictions or requirements (for indirect exchanges through third parties).

Explanation:

A) Explanation: Since both the properties in exchange are real properties which are used in business, this is a like-kind exchange

B)

Description Amount ($)

Fair market value of bowling alley 120,000

Add: Mortgage value L is relieved off 40,000

Amount reali7ed 160,000

Less: Adjusted basis (175:000)

Realized loss by L (15,000) 

C) Explanation: Since the loss realized is due to exchange, the loss is not recognized.

D) Explanation: Since the loss is not recognized, the character of gain or loss could not be

E) Explanation: The total of realized loss, $15,000 (From Requirement (b)) is deferred.

F) Determine the basis of property acquired in exchange, bowling alley.

Description Amount ($)

Fair market value of bowling alley 120,000

Add: Deferred loss 15,000

Basis of bowling alley 135,000

8 0

3 years ago

In about 100 words, outline the advantages of using RFID technology instead of bar code scanning technology in managing the inve

STatiana [176]

Answer:

(1) RFID TAGS FROM A GREATER DISTANCE THAN BARCODE WHEN TAGGING INVENTORIES.

(2) RFID TAGS CAN BE READ AT A FARTHER DISTANCE THAN BARCODE.

(3) RFID TAG MUST NIT BE IN LINE WITH THE SCANNER FOR IT TO IDENTIFY AND READ INVENTORIES.

Explanation:RFID(RADIO FREQUENCY IDENTIFICATION) uses electromagnetic fields to track and identify by reading and capturing the information stored on a tag attached to an object. It is a generally accepted and has been widely used in variety of industries including Supply chain,Human resources, inventory management etc

(1) RFID TAGS FROM A GREATER DISTANCE THAN BARCODE WHEN TAGGING INVENTORIES.

(2) RFID TAGS CAN BE READ AT A FARTHER DISTANCE THAN BARCODE.

(3) RFID TAG MUST NOT BE IN LINE WITH THE SCANNER FOR IT TO IDENTIFY AND READ INVENTORIES.

7 0

3 years ago

A truck acquired at a cost of $69,000 has an estimated residual value of $12,000, has an estimated useful life of 300,000 miles,

Anuta_ua [19.1K]

Answer:

A. $57,000

B. Depreciation rate per mile is $0.19

C. Depreciation is $14,630

Explanation:

a. cost of the truck less the residual value.

Cost of the truck $69,000

Less: Residual value $12,000

$57,000

b. Depreciation rate per mile is computed by dividing cost of the truck less the residual value over the estimated useful life.

$57,000 / 300,000 miles = $0.19

c. Units-of-activity depreciation for the year is computed by multiplying miles driven for the year by depreciation rate per mile.

77,000 miles x $0.19 = $14,630

6 0

3 years ago

Assume that MTA Sandwiches sells sandwiches for $7.20 each. The cost of each sandwich follows. Materials $ 2.70 Labor 0.90 Varia

VARVARA [1.3K]

Answer:

MTA Sandwiches

a. A Schedule:

Special Order Regular Production Total

Total contribution $540 $18,900 $19,440

Fixed overhead 0 10,800 10,800

Profit $540 $8,100 $8,640

Profits increased by $540 with the special order.

b. The lowest price per sandwich at which this special order of 400 sandwiches can be filled without reducing MTA's profits is $4.05. This is equal to the unit variable cost. At this price, neither profit will be generated nor loss incurred from the special order.

Explanation:

a) Data and Calculations:

Cost of each sandwich:

Materials $ 2.70

Labor 0.90

Variable overhead 0.45

Fixed overhead

($10,800 per month,

6,000 units per month) 1.80

Total costs per sandwich $ 5.85

b) Computation of total profit for special order and regular production:

Special Order Regular Production Total

Selling price = $5.40 7.20

Variable (Relevant) cost:

Materials $ 2.70

Labor 0.90

Variable overhead 0.45 $4.05 $4.05

Contribution per unit $1.35 $3.15

Total contribution ($1.35*400) $540 $18,900 ($3.15*6,000) $19,440

Fixed overhead 10,800

Profit $8,640

5 0

3 years ago