20. All other things equal, a company's return on investment (ROM) would generally increase when: a: average operating assets increase. b: sales decrease c: operating expenses decrease. d: operating expenses increase 21: A company's return on investment is the: a: Margin divided by turnover b: margin multiplied by turnover c: turnover divided by average operating assets. d: turnover multiplied by average operating assets. 22: More company has two division, L and M. During July, the contribution margin in Division L was $6000. The contribution margin ratio in division M was 40% and its sales were $250,000 Division M's segment margin was $60,000. The common fixed expenses were $50,000 and the company net income was $20,000. The segment margin for Division L was: a: $0 b: $10,000 C: $50,000 d: $60,000 23: All other things being equal, if a division's traceable fixed expense increase: a: the division's contribution margin ratio will decrease b: the division's segment margin ratio will remain the same c: the division's segment margin will decrease. d: the overall company profit will remain the same. 24: The Lantern Corporation has 1,000 obsolete lanterns that are carried in inventory at a manufacturing cost of $20,000. if the lanterns are remacbined for $5,000, they could be sold for $9,000. Alternatively, the lanterns could be sold for scrap for $1,000. Which alternative is more describe and what are the total relevant costs for that alternative? a: remachine and $5,000 b: remachine and $ 25,000 c: scrap and $2,000 d:scrap and $19,000