Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Aug 07, 2023

EVE, Inc. reported a return on investment of 20%, a sales margin of 25%, and residual income of $480,000. The required rate of return on

EVE, Inc. reported a return on investment of 20%, a sales margin of 25%, and residual income of $480,000. The required rate of return on invested capital is 8%. On the basis of this information, the company's sales revenue was?

Step by Step Solution

★★★★★

3.45 Rating (161 Votes )

There are 3 Steps involved in it

Step: 1

To calculate the sales revenue of EVE Inc we need to use the formula for residual income Residual In... 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

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

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students explore these related Accounting questions

Question

Read the case study below and answer ALL the questions that follow. Recruitment and selection at Enterprise Rent-A-Car Introduction Enterprise Rent-A-Car (Enterprise) was founded by Jack Taylor in...

Answered: 3 weeks ago

Question

The following exchange occurred just after the finance staff at Diversified Electronics rejected a capital investment proposal. David Parker (Product Development) : I just don't understand why you...

Answered: 3 weeks ago

Question

The following additional information is available for the Dr. Ivan and Irene Incisor family from Chapters 1-5. Ivan's grandfather died and left a portfolio of municipal bonds. In 2012, they pay Ivan...

Answered: 3 weeks ago

Question

A restaurant records the following data over a month for its food: Opening inventory: $31,000 Purchases: $88,000 Closing Inventory: $28,000 Transfers in: $800 Transfers out: $200 Employee meals:...

Answered: 3 weeks ago

Question

Develop, debug, and test a program in either a high-level language or macro language of your choice to multiply two matrices that is, [X] = [Y] [Z], where [Y] is m by n and [Z] is n by p. Test the...

Answered: 3 weeks ago

Question

Consider the EOQ model with planned shortages, as presented in Sec. 19.3. Suppose, however, that the constraint S/Q 0.8 is added to the model. Derive the expression for the optimal value of Q.

Answered: 3 weeks ago

Question

If Y is the variable that represents the number shown in the counter, write down the probability function of Y, and hence find its mean and variance. (The distribution of Y in this exercise is an...

Answered: 3 weeks ago

Question

Alomar Company manufactures four products from a joint production process: barlon, selene, plicene, and corsol. The joint costs for one batch are as follows: Direct materials.... $67,900 Direct labor...

Answered: 3 weeks ago

Question

incorporated, for the current year: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway. 4....

Answered: 3 weeks ago

Question

Which series has the highest beta. BraveNewCoin Liquid Index for Bitcoin 1D BNC Trading Brave Ne Yellow Green Blue Orange

Answered: 3 weeks ago

Question

please answer both parts. i only have one try to get them correct. thank you! Required information Treasury securities are issued and backed by the US government and therefore, are considered to be...

Answered: 3 weeks ago

Question

Question 1: (5 Marks) A particle moves along a straight line with a velocity given by (t) = 51 - 4t+2. where v(t) is in meters per second and f is in seconds (a) Determine the acceleration of the...

Answered: 3 weeks ago

Question

1 : WHY PTERIDOPHYTES ARE CALLED VASCULAR CRYPTOGAMS ? 2 : WHAT ARE THE MIST IMPORTANT ADVANTAGE OF PTERIDOPHYTES ?

Answered: 3 weeks ago

Question

Globex Corporation creates, sells, and maintains of digital solutions for customers. It has 16,000 employees spread over 32 geographical locations. The organization has 12,000 company owned devices...

Answered: 3 weeks ago

Question

A concrete block making company is developing an aggregate capacity plan from the following sales forecast for its 6" and 8" concrete blocks. Product Sales Forecasts (Concrete Blocks) 6" Block 1st...

Answered: 3 weeks ago

Question

1. Define "Push" and "Pull" production systems. Which is better in current production and service environment and why ? 2. What is "Kanban"? What are some of its benefits ? 3. As shown in the video,...

Answered: 3 weeks ago

Question

BioWare's year-end unadjusted trial balance shows accounts receivable of $17,000 and sales of $150,000. Uncollectibles are estimated to be 2% of sales. Prepare the December 31 year-end adjusting...

Answered: 3 weeks ago

Question

After Theorem 1.5 we note that multiplying a row by 0 is not allowed because that could change a solution set. Give an example of a system with solution set S0 where after multiplying a row by 0 the...

Answered: 3 weeks ago

Question

Kent Pham, CPA, is a 45-year-old single taxpayer living at 169 Trendie Street, La Jolla, CA 92037. His Social Security number is 865-68-9635. In 2012, Kent's W-2 as the controller of a local...

Answered: 3 weeks ago

Question

Van makes an investment in a partnership in 2012. Van's capital contributions to the partnership consisted of $30,000 cash and a building with an adjusted basis of$70,000, subject to a nonrecourse...

Answered: 3 weeks ago

Question

Frederick (Freddy) Freeweights (age 42) owns and operates a health club called ''Treadmills West.'' The business is located at 4321 Arnold Street, Alpine, CA 91901. Freddy had the following income...

Answered: 3 weeks ago

Question

Use your ES-M model to calculate the standard deviation of Profit for Order-Quantity values 600, 650, 700, 750, and 800. Compare those with the corresponding standard deviations using the extended...

Answered: 3 weeks ago

Question

A decision maker is working on a problem that requires her to study the uncertainty surrounding the payoff of an investment. There are three possible levels of payoff $1,000, $5,000, and $10,000. As...

Answered: 3 weeks ago

Question

Consider the statement In simulation models, the values for the uncertain cells are chosen randomly. Why is this statement incorrect, strictly speaking?

Answered: 3 weeks ago

Previous Question Next Question