The static budget for our company shows a sales volume of 2,000 units and a sales price of $60 per unit. Actual sales for the year totaled 2,100 units, and the actual sales price was $58 per unit. What is the flexible budget variance for sales revenue on the Flexible Budget Performance Report?

A) $4200 Favorable

B) $4200 Unfavorable

C) $6000 Favorable

D) $6000 Unfavorable

The following information is available for our company for the current year:

• operating income, $75,000;
• average total assets, $500,000;
• net sales, $750,000; and
• required rate of return, 12%.

Calculate the return on investment (ROI) rounded to two decimal places.

A) 6.67%

B) 10.00%

C) 15.00%

D) 16.67 %