Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jul 08, 2024

An investment center has income of $13,500,000 and average assets of $60,000,000. Return on investment is:

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Using QuickBooks Online For Accounting 2021

Authors: Glenn Owen

4th Edition

0357442164, 9780357442166

More Books

Students also viewed these Accounting questions

Question

★★★★★

Mike works at Cheesecake King. He earns $11 per hour as a busboy. The waiters he helps give him 25% of their tips a. If Mike worked 6 hours today, how much did he earn, without tips? b. The waiters...

Answered: 1 week ago

Question

★★★★★

=+The service department charge rate for the service department costs was based on revenues. Since the revenues ofthe two divisions were the same, the service department charges to each division were...

Answered: 1 week ago

Question

★★★★★

=+b) An airline company solicited customers to join their frequent flyer and loyalty program and studied whether the new members did make use of the offers the company made to this group in...

Answered: 1 week ago

Question

★★★★★

The intangible assets section of Willingham Company at December 31, 2014, is presented below. Patents ($100,000 cost less $10,000 amortization) ...... $ 90,000 Copyrights ($60,000 cost less $24,000...

Answered: 1 week ago

Question

★★★★★

Which of the following types of commands can be used within a Linux shell script function? Retinal scan Verbal Conditional statements Object instantiation

Answered: 1 week ago

Question

★★★★★

vit 4. Two waves are superposed in a medium. If the displacement from one wave is 7 units up, while the resultant displacement is 3 units down, then what is the displacement of the other wave?

Answered: 1 week ago

Question

★★★★★

The professional football club, Highbury Academicals, is considering acquiring a highly successful German international footballer. The transfer fee will be 42m, half of which is payable immediately...

Answered: 1 week ago

Question

★★★★★

Alexandria is evaluating an idea to open her own business. The initial investment is estimated to be $100,000. The investment horizon is 5 years. She will use a 5-year straight-line depreciation...

Answered: 1 week ago

Question

★★★★★

identify ARB (4x4 company) international strategy What are the positive and negatives of their internationalization strategy what would you do diffrently?

Answered: 1 week ago

Question

★★★★★

Quarter Demand (units) 1 2,300 2 2,400 3 2,600 4 2,100 Beginning Inventory 200 units Inventory holding cost $10 per unit at end of quarter Hiring workers $4 per unit Firing workers $8 per unit unit...

Answered: 1 week ago

Question

★★★★★

The rational number 22/7 has been used as an approximation to the number since the time of Archimedes. First, show that: L x(1-x)4 1+x dx = 22 7 - . We will now use properties of this integral to see...

Answered: 1 week ago

Question

★★★★★

Know the role of human resources in performance appraisal, including the times in the process when a department manager becomes involved

Answered: 1 week ago

Question

★★★★★

Be able to schedule and conduct a performance appraisal interview

Answered: 1 week ago

Question

★★★★★

Know the two most common approaches to appraisal timing

Answered: 1 week ago

Previous Question Next Question