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

Question

00
1 Approved Answer

Monte inc, recorded operating data for its Sandtrap division for the year. Monte requires its return to be 8%. Sales $600,000 controllable margin 80,000 total

Monte inc, recorded operating data for its Sandtrap division for the year. Monte requires its return to be 8%.

Sales $600,000

controllable margin 80,000

total average assets 200,000

fixed costs 40,000

How much is ROI for the year?

  1. 40%
  2. 20% ch
  3. 33%
  4. 13%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered 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

Students also viewed these Accounting questions

Question

10.74 Use Table 4 in Appendix I to bound the following p-values: a. P(11.2) with 5 df b. P(12) + P(t 0.6) with 12 df

Answered: 1 week ago

Question

★★★★★
EyeGuard Equipment Inc. (EEI) manufactures protective eyewear for use in commercial and home applications. The product is also used by hunters, home woodworking hobbyists, and in other applications....

Answered: 1 week ago

Question

★★★★★
myChar is a character variable and is the only declared variable. Which assignment is valid?Multiple choice 1 5 Question 1 myChar = ' t ' ; myChar = " t " ; myChar = t; myChar = ' tx ' ;

Answered: 1 week ago

Question

★★★★★
Two events are independent if the probability of one event is influenced by whether or not the other event occurs. TRUE or FALSE What is the correct answer ?

Answered: 1 week ago

Question

★★★★★
1. Prepare for the appraisals Begin by reviewing and printing out the previously completed Performance Appraisal for Terry, Giselle and Prem. Review the Team Performance Appraisals completed by your...

Answered: 1 week ago

Question

★★★★★
On January 1st, 2017, Sands Company purchased a construction lathe at a cost of $625,000. It was estimated that the machine would have a useful life of 25 years, and a residual value at the end of...

Answered: 1 week ago

Question

★★★★★
MTV's network has become a symbol of globalization. Established in 1981, the US based music TV network has been expanding outside of its North American base since 1987; when it first opened MTV...

Answered: 1 week ago

Question

★★★★★
How to solve it???......... 4. On Dec. 31, 20x1, the petty cash fund of Bark Co., with a P30,000 leger balance, consists of the following: Currencies and coins 1,020 Vouchers for various PCF...

Answered: 1 week ago

Question

★★★★★
Estimate 99 by using a linear approximation of f(x) = x about the value x = 100. Round your answer to four decimal places, if necessary.

Answered: 1 week ago

Previous Question Next Question