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

Question

1 Approved Answer

Q28. Alpha Division's profit is $3959614 and invested capital is $36457702 for the year. With the purchase of a new equipment for $926104, the divisional

Q28. Alpha Division's profit is $3959614 and invested capital is $36457702 for the year. With the purchase of a new equipment for $926104, the divisional profits increased by $40382 due to the use of the new equipment. Calculate the return on investment of the new equipment. (Present the final answer as a percentage, to 2 decimal places.)

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

Managerial Accounting

Managerial Accounting

Authors: Karen W. Braun, Wendy M. Tietz

3rd edition

132890542, 978-0132890540

More Books

Students also viewed these Accounting questions

Question

★★★★★
Ask survey subjects to estimate the length of 1 minute without looking at a watch or clock. Each subject should say go at the beginning of the minute and then stop when he or she thinks that 1 minute...

Answered: 1 week ago

Question

★★★★★
The realization principle determines when a business should recognize revenue. Listed next are three common business situations involving revenue. After each situation, we give two alternatives as to...

Answered: 1 week ago

Question

★★★★★
=+3. How is the Florida State University mascot issue unique?

Answered: 1 week ago

Question

★★★★★
3. Model strategies for students. Talk about how you handle anger, disappointment, or anxiety.

Answered: 1 week ago

Question

★★★★★
A gas-turbine power plant operates on the simple Brayton cycle between the pressure limits of 100 and 700 kPa. Air enters the compressor at 30C at a rate of 12.6 kg/s and leaves at 260C. A diesel...

Answered: 1 week ago

Question

★★★★★
Identify DU - Pairs for variable y ( I need it in table like this ) Show all images Show all images Show all images done loading

Answered: 1 week ago

Question

★★★★★
Chapter 3 introduces a variety of "Instruments of Public Policy" Please provide an example of each of these instruments in use. For your convenience, the instruments discussed include Regulation,...

Answered: 1 week ago

Question

★★★★★
Why is Disneys ROE lower than Netflixs in 2019? Should Antonia Crowley be concerned? Explain why she should or should not be concerned?

Answered: 1 week ago

Question

★★★★★
Solve 14 (solve significant digits and proper units) 14. Mr. Richmond is attempting a death defying stunt by firing himself out of a cannon. The cannon will launch Mr. Richmond with a speed of...

Answered: 1 week ago

Question

★★★★★
Dr. McGinnis was involved in the Clean Lakes Study at Lake Allatoona, Georgia, and facilitated the creation of a collaborative network of federal, state, regional, and local agencies and...

Answered: 1 week ago

Question

★★★★★
4.1 A centrifugal pump is used to pump water from one tank to another. The difference in height between these tanks is 140m. What is the theoretical minimum power required to pump 15,000kg of water...

Answered: 1 week ago

Question

★★★★★
Kiera has reached a solution and has implemented her plan to minimize angry outbursts during group time. Using the Five-Step Learning Cycle, what next step should Kiera take? Group of answer choices...

Answered: 1 week ago

Question

★★★★★
2.485 ineeces en the loon. Whar would be the balance of the houn at the beginaing of the second year? Preblem 23 Yeu pun beeren ed 445,900 and apeed to riake yealy paymens for 10 yewes en an amontiod...

Answered: 1 week ago

Question

★★★★★
Cobb Manufacturing Company uses a process cost system and average costing. The following production data is for the month of June 2011. Production Costs Work in process, beginning of the month:...

Answered: 1 week ago

Question

★★★★★
Julie Ford operates a catering company in Glendell, Ohio. Julie provides food and servers for parties. She also rents tables, chairs, dinnerware, glassware, and linens. The children of Bob and...

Answered: 1 week ago

Question

★★★★★
Marcus Fibers Inc., specializes in the manufacture of synthetic fibers that the company uses in many products such as blankets, coats, and uniforms for police and firefighters. Marcus has been in...

Answered: 1 week ago

Question

★★★★★
Data for Maricopa Company are as follows: Required: 1. Calculate the sales price variance. 2. Calculate the price volume variance. 3. Suppose that the product is at the end of the maturity stage of...

Answered: 1 week ago

Previous Question Next Question