Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 05, 2024

Atlanta corporatuon had sales of $444,800 and average operating assets of $278000 for the past period. Q: What is the margin that Atlanta Corporation needed

Atlanta corporatuon had sales of $444,800 and average operating assets of $278000 for the past period.

Q: What is the margin that Atlanta Corporation needed to earn in order to achieve an ROI of 22.4%?

A. 22.4%

B. 14.00 %

C. 1.60%

D. 4.46%

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

Disruption In The Audit Market

Authors: Krish Bhaskar, John Flower

1st Edition

0367220660, 978-0367220662

More Books

Students also viewed these Accounting questions

Question

★★★★★

What is meant by consumer misbehavior? List ways in which consumers misbehave.

Answered: 1 week ago

Question

★★★★★

Name five ways that food production depends upon oil.

Answered: 1 week ago

Question

★★★★★

5. Some clinicians who treat substance use disorders adopt a harm reduction approach with adults. Why might harm reduction be controversial when it is used with adolescents?

Answered: 1 week ago

Question

★★★★★

Engineering Associates billed clients for 11,000 hours of engineering work for the month. Actual fixed overhead costs for the month were $435,000, and 11,850 hours were worked. At the beginning of...

Answered: 1 week ago

Question

★★★★★

1. Which of the following treasures are NOT stored underground by Iron Mountain? a) Government patents b) Michael Jackson's studio masters c) Bill Gates' first computer program 2. The definition of...

Answered: 1 week ago

Question

★★★★★

problem 7 A large contract is to be completed in five stages. The completion stage at the end of an accounting period shows the present position. It is a fixed price contract without any escalation...

Answered: 1 week ago

Question

★★★★★

In 2022, Jose received $300,000 from his mother in order to be able to afford his first house. Last month, Jose's mother asked when he would start paying the loan back. Jose replied 'I thought it was...

Answered: 1 week ago

Question

★★★★★

The Orlando Corporation is assembling information to determine its Cash Collection Budget for next year. Orlando has the following information it obtained for the third quarter: a Beginning Cash...

Answered: 1 week ago

Question

★★★★★

The stockholder's equity section of Patrick Trash Hauler's Balance sheet is below Common Stock - $17.00 par value 200,000 shares authorized? shares issued and outstanding Additional Paid in Capital...

Answered: 1 week ago

Question

★★★★★

Pedro is an employee of a soft drink company. He has been working in the organization in the human capital area for 15 years. Recently, he began to reflect on how the human capital area has evolved...

Answered: 1 week ago

Question

★★★★★

You are on the coast of Long Island, facing south. Hurricane Jessica is moving north toward you and is expected to make landfall with a forward speed of 30 mi/hr. Which of the two scenarios below (a)...

Answered: 1 week ago

Question

★★★★★

5. Understand how cultural values influence conflict behavior.

Answered: 1 week ago

Question

★★★★★

e. What do you know about your ethnic background?

Answered: 1 week ago

Question

★★★★★

3. How have the worldviews of researchers influenced how they studied intercultural communication?

Answered: 1 week ago

Previous Question Next Question