Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Provide the answer and calculation/explanation please! 1. Maxwell Company established a center to provide its employee training seminars. Maxwell budgeted costs for a weekend training

Provide the answer and calculation/explanation please!

1. Maxwell Company established a center to provide its employee training seminars. Maxwell budgeted costs for a weekend training seminar for managers at $300 per employee. Actual costs were $315 per employee. The training center would be considered a (an)

a. asset center.

b. profit center.

c. cost center.

d. investment center.

2. Kennedy Aeronautics desires an 8% ROI on all investment projects. Details of a proposed investment include the following:

Sales Revenues $30,000

Expenses 27,000

Investment Turnover 1.5

Which of the following statements is accurate?

a. Based on ROI, the company should accept the investment project.

b. The investment project would have a 10% return.

c. The company should reject the investment project.

d. The company

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_2

Step: 3

blur-text-image_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

Financial Accounting Version 3.1

Authors: Joe Ben Hoyle, C.J. Skender, Leah Kratz

1st Edition

1453339442, 9781453339442

More Books

Students also viewed these Accounting questions