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

Question

1 Approved Answer

The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 7 % Return on investment

The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 7 % Return on investment (ROI) 8.7 % Sales $ 710,000 Turnover (on operating assets) 3 times What was the Legume Division's net operating income last year?

  • $61,770

  • $20,590

  • $49,700

  • $12,070

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

Dynamical Corporate Finance

Dynamical Corporate Finance

Authors: Umberto Sagliaschi, Roberto Savona

1st Edition

3030778525, 9783030778521

More Books

Students also viewed these Accounting questions

Question

★★★★★
Is it appropriate to look at a bank's holding of cash and government securities as a measure of its liquidity risk?

Answered: 1 week ago

Question

★★★★★
Imagine you learn that a person in your class is transgender. What could you do to make that person feel more accepted?

Answered: 1 week ago

Question

★★★★★
Under what conditions would using ???? = 0.01 be preferable to using ???? = 0.05 as the significance level of a hypothesis test?

Answered: 1 week ago

Question

★★★★★
Edwards Construction currently has debt outstanding with a market value of $70,000 and a cost of 8%. The company has EBIT of $5600 that is expected to continue in perpetuity. Assume there are no...

Answered: 1 week ago

Question

★★★★★
1. You currently collect $613 a month in rent for an apartment that you lease. You expect rents to grow at 7.53% per year. If correct, how much will you charge in monthly rent in year 8? 2. You...

Answered: 1 week ago

Question

★★★★★
MATH019801-F22R-6943: HW 1.2 X + X C A ilearn.sfsu.edu/ay2223/mod/Iti/view.php?id=230696 GAO R ... E iLearn Rafael Barajas Mendoza MATH019801-F22R- Score on last try: 0.8 of 1 pts. See Details for...

Answered: 1 week ago

Question

★★★★★
Vignana Corporation manufactures and sells hand-painted clay figurines of popular sports heroes. Shown below are some of the costs incurred by Vignana for last year: Cost of clay used in production $...

Answered: 1 week ago

Question

★★★★★
Jennifer Prescott, age 47, has developed chest pain and difficulty breathing Jennifer has had several episodes of coughing up thick blood-tinged sputum A diagnostic bronchoscopy is performed and a...

Answered: 1 week ago

Question

★★★★★
Which option best describes traits of adaptive/agile development approaches? A) Iterative and incremental development approaches, constant feedback loops, changes are expected B) Planning,...

Answered: 1 week ago

Question

★★★★★
SECTION 2 READING STUDY GUIDE Economic Choice Today: Opportunity Cost Before You Learned The economic problem of scarcity guides economists to ask and answer basic questions about the economy. Now...

Answered: 1 week ago

Question

★★★★★
Which of the following statements is not true regarding incremental and iterative development approaches? A) Both incremental and iterative approaches are used in adaptive projects. B) Both...

Answered: 1 week ago

Question

★★★★★
3. Discuss the pros and cons of at least eight performance appraisal methods.pg 87

Answered: 1 week ago

Question

★★★★★
3. What performance appraisal system would you develop for the secretaries if you were Rob Winchester? Defend your answer.pg 87

Answered: 1 week ago

Question

★★★★★
8. Discuss the pros and cons of using various potential raters to appraise an employees performance.pg 87

Answered: 1 week ago

Previous Question Next Question