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

Question

1 Approved Answer

laser Corporation had $1,045,000 in invested assets, sales of $1,223,000, operating income amounting to $227,000 , and a desired minimum return on investment of 13%.

laser Corporation had $1,045,000 in invested assets, sales of $1,223,000, operating income amounting to $227,000 , and a desired minimum return on investment of 13%. The return on investment (rounded to one decimal place) for Blaser Corporation is

a. 18.6%

b. 21.7%

c. 14.8%

d. 26.1%

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

Cost And Management Accounting An Introduction

Cost And Management Accounting An Introduction

Authors: Colin Drury

5th Edition

1861529058, 978-1861529053

More Books

Students also viewed these Accounting questions

Question

★★★★★
Kailua and Company is a legal services firm. All sales of legal services are billed to the client (there are no cash sales). Kailua expects that, on average, 20 percent will be paid in the month of...

Answered: 1 week ago

Question

★★★★★
_________ PepsiCo acquired Pizza Hut. What type of merger was this? a. Limited b. Syndicated c. Joint venture d. Horizontal e. Vertical

Answered: 1 week ago

Question

★★★★★
Gay, lesbian, bisexual, and transgender issues in sport

Answered: 1 week ago

Question

★★★★★
Harvest Cereals produces a wide variety of breakfast products. The companys three best-selling breakfast cereals are Double Bran Bits, Honey Wheat Squares, and Sugar King Pops. Each box of a...

Answered: 1 week ago

Question

★★★★★
Dividing Partnership Income Tyler Hawes and Piper Albright formed a partnership, investing $302,400 and $201,600, respectively. Determine their participation in the year's net income of $246,000...

Answered: 1 week ago

Question

★★★★★
Compare the American Institute of CPAs (AICPA) Statements on Tax Standards (SSTS) and the Treasury Department Circular 230 rules to practice before the Internal Revenue Service (IRS). Suggest which...

Answered: 1 week ago

Question

★★★★★
Q1) The cross section of member A-B is rectangle with sides 50 mm and 100 mm. 200 N/m 2m 1.5 m 100 mm 50 mm a) Draw the Free body diagram for member A-B b) Find the support (reactive forces at joint...

Answered: 1 week ago

Question

★★★★★
Describe the steps involved in modifying the default password policy in Oracle?Explain

Answered: 1 week ago

Question

★★★★★
With servant leadership, leaders strive to serve, making the needs of subordinates a priority over their own needs. According to Johnson (2009), servant leadership is centered on four interrelated...

Answered: 1 week ago

Question

★★★★★
Athena firm started the year with retained earnings of $1,300,000. Their net income during the year was $250,000. They paid dividends of $25,000. They also borrowed $100,000 that they will have to...

Answered: 1 week ago

Question

★★★★★
3. The identification of Critical-to-Quality (CTQ) Features and Key Characteristics is conducted as which phase of APQP? a. Plan and Define b. Product Design & Development c. Process Define &...

Answered: 1 week ago

Question

★★★★★
OUTCOME 4 Identify the major provisions of the laws and regulations affecting compensation.

Answered: 1 week ago

Question

★★★★★
3. Tommy Callahan Jr. recently graduated from college after seven years and returned home. His father, Big Tom Callahan, the owner of Callahan Motors, offers Tommy a job in the auto parts factory...

Answered: 1 week ago

Question

★★★★★
OUTCOME 1 Distinguish a strategic compensation program from one that is nonstrategic.

Answered: 1 week ago

Previous Question Next Question