Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 11, 2024

For the past year, Allargando Company recorded sales of $693,900 and average operating assets of $257,000. What is the margin that Allargando Company needed to

For the past year, Allargando Company recorded sales of $693,900 and average operating assets of $257,000. What is the margin that Allargando Company needed to earn in order to achieve an ROI of 29.7%?

29.7%

3.37%

11%

2.7%

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

Implementing And Auditing The Internal Control System

Authors: D. Chorafas

2001edition

0333929365, 978-0333929360

More Books

Students also viewed these Accounting questions

Question

★★★★★

Find the general solution to the linear system du/dt = Au for the following incomplete coefficient matrices: (a) (b) (c) (d) (e) (f) (g) (h) 3 2t) 9 -4 (1 3) 4 -5 2 425 013 110 1030 1100 0110 1001...

Answered: 1 week ago

Question

★★★★★

Do you believe that researchers should explore whether stereotypes are accurate? Why or why not?

Answered: 1 week ago

Question

★★★★★

The U.S. government subsidizes flood insurance because those who want to buy it live in the flood plain and cannot get it at reasonable rates. What inefficiency does this create?

Answered: 1 week ago

Question

★★★★★

For the past year, Allargando Company recorded sales of $693,900 and average operating assets of $257,000. What is the margin that Allargando Company needed to earn in order to achieve an ROI of...

Answered: 1 week ago

Question

★★★★★

Describe a past situation when an "ending" did not provide a fresh starting point for you. What were the unfinished transitions associated with your situation? Is it possible to still complete them?...

Answered: 1 week ago

Question

★★★★★

1. 2. San Jose Inc. uses a weighted-average process costing system. All materials are introduced at the start of manufacturing, and conversion cost is incurred evenly throughout production. The...

Answered: 1 week ago

Question

★★★★★

A cake maker has determined that the cost of producing wedding cakes is $61.50 per wedding cake plus $16620 per month in fixed costs. The cake maker sells each wedding cake for $200. Step 2 of 4:...

Answered: 1 week ago

Question

★★★★★

Research about Park Hyatt Melbourne . Would you be able to help me with these questions below with a link attached to each question so I can have a look if I need to find more information? Customer...

Answered: 1 week ago

Question

★★★★★

The sheet metal part has the dimensions shown. Determine the z-coordinate (z bar) of its centroid. Given that a=5.1 m, b=7.7 m and c=4.5 m. Round off the answer to 2 decimal places and use the unit...

Answered: 1 week ago

Question

★★★★★

Write the formulation only to Maximize the volume of the rectangle, given that the area is 6 mm^2, using NON-LINEAR PROGRAMMING

Answered: 1 week ago

Question

★★★★★

c. What were you expected to do when you grew up?

Answered: 1 week ago

Question

★★★★★

d. How were you expected to contribute to family life?

Answered: 1 week ago

Question

★★★★★

e. What do you know about your ethnic background?

Answered: 1 week ago

Previous Question Next Question