Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

An investment centre generated a contribution margin of $199500, controllable fixed costs of $100800 and sales of $995000. The centre's average operating assets were $493500.

image text in transcribed
An investment centre generated a contribution margin of $199500, controllable fixed costs of $100800 and sales of $995000. The centre's average operating assets were $493500. How much is the return on investment? 20% 61 141% 40%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

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

Auditing And Assurance Services

Authors: Robert Ramsay, Timothy J Louwers

4th Edition

007739657X, 978-0077396572

More Books

Students also viewed these Accounting questions

Question

What are some of the topics they study?

Answered: 1 week ago

Question

Identify some of the global differences when negotiating.

Answered: 1 week ago

Question

Describe the team performance model.

Answered: 1 week ago