1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kirill [66]
2 years ago
12

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

estment must be:
Business
1 answer:
PolarNik [594]2 years ago
7 0

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

You might be interested in
What is the definition of a meeting planner?
Yuliya22 [10]

Answer: Option (A) is correct.

Explanation:

An event planner or meeting planner is an individual who is responsible for bringing together every individual implicated in producing a get-together, incentive, special event. This individual understands the intent of the task, or organization's rationale. This requires working with a diverse range of people within the organization, also resources that are considered as external.

4 0
3 years ago
Memphis Company's May sales budget calls for sales of $870,000. The store expects to begin May with $47,000 of inventory and to
grigory [225]

Answer:

The budgeted cost of merchandise purchases is $527,000

Explanation:

The cost of merchandise purchases for May can be computed by first of all calculating the costs of goods sold,then by deducting closing inventory from costs of good sold and adding opening inventory,just like working backwards.

Sales                                              $870,000

less margin($870,000*40%)     ($348,000)

Cost of goods sold                       $522,000

Cost of goods sold =opening stock+purchases-closing stock

purchases=costs of goods sold+closing stock-opening stock

closing stock is $52000

opening stock is $47000

purchases =$522000+$52000-$47000

purchases= $527,000

 

6 0
3 years ago
Read 2 more answers
identify three challenges BRICKS CONSTRUCTION may encounter when trying to implement their corporate social investment plan in t
galina1969 [7]
<span>The correct answer for the question that is being presented above is this one: "Bricks Construction might not have enough funds to implement a project int he community, the employees also have difficulty in managing the program, then it will be a difficult to sustain most especially economic's downside."</span>
3 0
3 years ago
To adequately evaluate an investment​ center's financial​ performance, summary performance measures should include both the​ div
aleksklad [387]

Answer:

True

Explanation:

A company manager should be able to appraise its operations profit and capital used to generate the profit.

6 0
3 years ago
The going concern assumption:
scZoUnD [109]

Answer:

B

Explanation:

3 0
3 years ago
Other questions:
  • Bakeries and coffee bistros that offer pumpkin-flavored items only during the autumn season target their consumers primarily thr
    11·1 answer
  • Debra, age 51, is self-employed and has never made a lot of money. But, she has consistently saved $4632 per year into a traditi
    15·1 answer
  • Look at the circular flow diagram. Choose and define an environmental issue. Using the diagram as a guide, explain how the envir
    8·1 answer
  • Full employment means that there is no​ unemployment, so the unemployment rate would be zero. The​ "normal" underlying level of
    10·1 answer
  • In the absence of market failures, when the government taxes market participants, the effect is to move the market: Group of ans
    11·1 answer
  • Olivia was returning from her break when her boss saw her and stated, "I noticed your break was especially long this afternoon."
    12·1 answer
  • Bakerston Company is a manufacturing firm that uses job-order costing. The company's inventory balances at the beginning and end
    6·1 answer
  • Please help me with this!!
    11·1 answer
  • Sarah buys 500 shares of stock at $18 and sells the holding for a capital gain of $3,000. What was the share price at the time o
    7·1 answer
  • On October 1, 2017 Bartley Corporation issued 5%, 10-year bonds with a face value of $8,000,000 at 103. Interest is paid on Octo
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!