FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Joseph Company has an investment in assets of $915,000, operating income that is 10% of sales, and an ROI of 15%. From this information the

image text in transcribed

Joseph Company has an investment in assets of $915,000, operating income that is 10% of sales, and an ROI of 15%. From this information the amount of operating income would be: Multiple Choice $237,700. O $152.250. O $137,250. O Impossible to determine from the information given

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

Using QuickBooks Online For Accounting 2021

Using QuickBooks Online For Accounting 2021

Authors: Glenn Owen

4th Edition

0357442164, 9780357442166

More Books

Students also viewed these Accounting questions

Question

★★★★★
A manufacturing company is considering removing a large forest. What impact, if any, would this have on the carbon cycle? What would be the effects, if any, if the wood from those trees were used as...

Answered: 1 week ago

Question

★★★★★
1. The jobs listed in the first column of the accompanying table are waiting at work center 16. The shop works 16 hours per day. a. Arrange the jobs in priority sequence according to the lowest...

Answered: 1 week ago

Question

★★★★★
Tell me about an ethical dilemma you have encountered in the past. How did you address it?*

Answered: 1 week ago

Question

★★★★★
Schmidt, operating a sole proprietorship, has a large piece of used farm equipment for sale. He offers to sell the equipment to Barry for $10,000. Discuss the legal effects of the following events on...

Answered: 1 week ago

Question

★★★★★
You are considering a stock investment in one of two firms (AllDebt, Inc., and AllEquity, Inc.), both of which operate in the same industry and have identical operating income of $8.00 million....

Answered: 1 week ago

Question

★★★★★
In a live, web-based simulation (Links to an external site.), you'll play the role of a founder of a new startup company in the exciting and competitive clean tech sector. As part of the simulation,...

Answered: 1 week ago

Question

★★★★★
1. Assemble the electro-pneumatics circuit based on the diagram given. YO A 24V SW1 F K1 K1 SW2 F--) OV AQ A1 20 YI 21 K2 BO A1 81 AO YO Y1 K1 ZO Z1 Results/Discussions. Figure 5.1: Two cylinders...

Answered: 1 week ago

Question

★★★★★
Describe Porter's Five Forces and how they show a company's competitive advantage

Answered: 1 week ago

Question

★★★★★
(15 points) A few weeks after the limits and average case performance were established and agreed upon by the study team, the Authority commissions another round of observations (see below) to...

Answered: 1 week ago

Question

★★★★★
Problem 1 of 2 [60 points] a. Create a hand drawing on a blank sheet with all necessary orthographic views of the object shown below, using your geometry set and compass. Make sure the views are...

Answered: 1 week ago

Question

★★★★★
The rear suspension of a motorcycle can be analyzed as an inverted slider-crank mechanism. The frame of the motorcycle is link 1, and the tire assembly (tire and rim) is attached to link 2 at point...

Answered: 1 week ago

Question

★★★★★
6.3 Explain the importance of application forms.

Answered: 1 week ago

Question

★★★★★
6.1 Define recruitment and discuss the increasing use of employer branding.

Answered: 1 week ago

Question

★★★★★
3. Do you forecast alabour shortage or surplus? Develop a clear plan to help address the forecasted labour shortage or surplus. goods chain is feeling the effects oftechnology, with more and more...

Answered: 1 week ago

Previous Question Next Question