Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 10, 2024

Suppose a company is working to improve its ROI and has increased sales by $100,000. The company currently has a contribution margin of 40% and

Suppose a company is working to improve its ROI and has increased sales by $100,000. The company currently has a contribution margin of 40% and an ROI of 10%. The effect of the sales increase on the ROI formula will be to

A.increase the numerator by $100,000.

B.increase the numerator by $10,000.

C. increase the numerator by $40,000.

D.decrease the denominator by $100,000.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Performance Auditing Of Public Sector Property Contracts

Authors: Lori Keating

1st Edition

0566089998, 978-0566089992

More Books

Students also viewed these Accounting questions

Question

★★★★★

On January 1, Patterson Inc. issued $5,000,000,9% bonds for $4,695,000.The market rate of interest for these bonds is 10%.Interest is payable annually on December 31.Patterson uses the...

Answered: 1 week ago

Question

★★★★★

Nixon Wholesale Corp. uses the LIFO cost flow method. In the current year, profit at Nixon is running unusually high. The corporate tax rate is also high this year, but it is scheduled to decline...

Answered: 1 week ago

Question

★★★★★

=+ (d) Let v(B)=[xv,(B)u(dx). Show that "(XX B) =v(B) and [() ()={[(>(dy)w (x).

Answered: 1 week ago

Question

★★★★★

Mahan Consulting is a service organization that specializes in the design, installation, and servicing of mechanical, hydraulic, and pneumatic systems. For example, some manufacturing firms, with...

Answered: 1 week ago

Question

★★★★★

Price Discrimination, Customer Costs Jorell, Inc., manufactures and distributes a variety of labelers. Annual production of labelers averages 360,000 units. A large chain store purchases about 30...

Answered: 1 week ago

Question

★★★★★

4.What is the True Average Annualized Return for the following return series? Semi-Annual Returns 0 2.50% 1 8.40% 2 1.87% 3 5.30% 4 2.77% 5 1.46% 6 6.03% 7 2.09% 8 4.47%

Answered: 1 week ago

Question

★★★★★

Help Save & Exit Submit Check my work E7-7 (Algo) Calculating Cost of Ending Inventory and Cost of Goods Sold under Periodic FIFO, LIFO, and Weighted Average Cost [LO 7-3] Oahu Kiki tracks the number...

Answered: 1 week ago

Question

★★★★★

1.2.8 A manufacturer can automate a certain process by replacing 20 employees with a machine. The employees each earn 24,000 per year, with payments on the last day of each month, with no sala- ry...

Answered: 1 week ago

Question

★★★★★

how can you obtain the following competencies through RTM (Hospitality, tourism, recreation management)work experiences and courses? Please explain each of them. 1) Community Knowledge 2)...

Answered: 1 week ago

Question

★★★★★

Pets-R-Us Adjusted Trial Balance 31-Dec-23 Accounts Debit Credit Cash $165,000 Accounts Receivable 130,100 Inventory 39,500 Land 67,300 Buildings 120,000 Accumulated Depreciation 10,400 Accounts...

Answered: 1 week ago

Question

★★★★★

Five districts make up a province with a 60- seat congress. District populations are given below. Use Jefferson's method to apportion the seats to the districts. How many seats go to District C?...

Answered: 1 week ago

Question

★★★★★

(Appendices) Visit Consumer Reports online or obtain an issue from your library and answer the following questions: (a) Who publishes the magazine? (b) Who advertises in the magazine? (c) How are...

Answered: 1 week ago

Question

★★★★★

(Appendices) Compute unit prices for the following pairs and determine which of the two is the better deal: (a) 3 for $0.98 or 8 for $2.99, (b) 4 for $1.00 or 12 for $3.39, (c) 24 oz. for $1.98 or 36...

Answered: 1 week ago

Question

★★★★★

(Appendices) Read the warranty or guarantee for a household product that your family has purchased (examples: coffee maker, blender, or electronic device). What does the manufacturer agree to do?...

Answered: 1 week ago

Previous Question Next Question