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

Question

1 Approved Answer

The current controllable margin for Kirkland Corporation is $48,000. Its current operating assets are $660,000. The company is considering purchasing equipment for $82,000 that will

The current controllable margin for Kirkland Corporation is $48,000. Its current operating assets are $660,000. The company is considering purchasing equipment for $82,000 that will increase annual controllable margin by an estimated $13,000. If the equipment is purchased, what will be the company's new ROI?

8.22%

9.24%

6.47%

15.85%

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

Financial Accounting Fundamentals

Financial Accounting Fundamentals

Authors: John Wild, Ken Shaw, Barbara Chiappetta

6th edition

ISBN: 1259726916, 978-1259726910

More Books

Students also viewed these Accounting questions

Question

★★★★★
Aldstadt Company has the following internal control procedures over cash receipts. Identify the internal control principle that is applicable to each procedure. (a) All over-the-counter receipts are...

Answered: 1 week ago

Question

★★★★★
Most businesses, institutions, and organizations gather information from and about their customers, constituents, or members. Many businesses also want information about potential customers and may...

Answered: 1 week ago

Question

★★★★★
Explain Galens pneuma concept of the soul.

Answered: 1 week ago

Question

★★★★★
Following is a portion of the computer output for a regression analysis relating y = maintenance expense (dollars per month) to x = usage (hours per week) of a particular brand of computer terminal....

Answered: 1 week ago

Question

★★★★★
You take out a 30-year mortgage for $70,000 at 9.75%, to be paid off monthly. Find the unpaid balance at the end of the first 15 years. (Round your answer to the nearest cent.)

Answered: 1 week ago

Question

★★★★★
Exercise 2-12 (Algo) Computing Predetermined Overhead Rates and Job Costs [LO2-1, LO2-2, LO2-3] Moody Corporation uses a job-order costing system with a plantwide predetermined overhead rate based on...

Answered: 1 week ago

Question

★★★★★
Comparison of APPLE and MICROSOFT corporate governance. To what extent the corporate governances are similar and to what extent they are different, how they reflect good governance principles such as...

Answered: 1 week ago

Question

★★★★★
Victor and George are friends who have recently graduated from Greenstreet University with a degree in fashion design. They discuss an idea of setting up a fashion design business in London. Having...

Answered: 1 week ago

Question

★★★★★
research at least 2 of the following codes of ethics: (ISC)2 Code of Ethics The International Council of Electronic Commerce Consultant (EC-Council) System Administration, Networking, and Security...

Answered: 1 week ago

Question

★★★★★
Problem 1 (20 points). In a warehouse, it is required to locate a temporary storage area for 5 shelves operations that are located in the following coordinates (1, 4), (1, 8), (1, 12), (4, 4) and (4,...

Answered: 1 week ago

Question

★★★★★
Game Z Ltd has 3 sources of capitals - Common shares, Preferred shares and corporate bonds. The market value of its common shares is $50 per share while its Preferred shares are valued at $45 per...

Answered: 1 week ago

Question

★★★★★
Find two unit vectors orthogonal to both (9, 3, 1) and (-1, 1, 0). (smaller i-value) X (larger i-value) XFind a vector equation and parametric equations for the line. (Use the parameter t.) The line...

Answered: 1 week ago

Question

★★★★★
4. In the next communication situation you are in, already think through three different communication strategies, which will make you achieve greater flexibility. Then practice on these as soon as...

Answered: 1 week ago

Question

★★★★★
2. Now imagine a real situation in your workplace or home situation where someone gives you feedback. a. Did you perceive the feedback as a hidden criticism? b. Did you perceive the feedback as a...

Answered: 1 week ago

Question

★★★★★
2. In this chapter, the reader should reflect on the following concepts: feedback and flexibility as a basis for change, intention and communication as a basis for change and behavioural patterns as...

Answered: 1 week ago

Previous QuestionNext Question