Question
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,700,000; sales of $8,075,000; cost of
Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $6,700,000; sales of $8,075,000; cost of goods sold of $4,125,000; and operating expenses of $1,507,000. Compute the division's return on investment:
Multiple Choice
30.2%.
18.7%
36.5%.
29.6%.
33.9%
Canfield Technical School allocates administrative costs to its respective departments based on the number of students enrolled, while maintenance and utilities are allocated per square feet of the classrooms. Based on the information below, what is the total amount allocated to the Welding Department (rounded to the nearest dollar) if administrative costs for the school were $68,000, maintenance fees were $30,000, and utilities were $7,800?
Department | Students | Classrooms | |||||
Electrical | 180 | 16,200 | sq. ft. | ||||
Welding | 100 | 21,600 | sq. ft. | ||||
Accounting | 80 | 10,800 | sq. ft. | ||||
Carpentry | 40 | 5,400 | sq. ft. | ||||
Total | 400 | 54,000 | sq. ft. | ||||
Multiple Choice
$0.
$26,450.
$32,120.
$42,320.
$48,600.
.
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