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

Question

1 Approved Answer

An investment center of Gibson Corporation shows an operating income of $6,490 on total operating assets of $55,000. Required Compute the return on investment. (Round

image text in transcribed
image text in transcribed
An investment center of Gibson Corporation shows an operating income of $6,490 on total operating assets of $55,000. Required Compute the return on investment. (Round your answer to 2 decimal places. (i.e., 0.2345 should be entered as 23.45).) Return on investment

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

Management and Cost Accounting

Management and Cost Accounting

Authors: Alnoor Bhimani, Charles T. Horngren, Srikant M. Datar, Madhav V. Rajan

6th edition

1292063467, 978-1292063461

More Books

Students also viewed these Accounting questions

Question

★★★★★
Kamloops Company is a grocery wholesaler and is planning to expand its operations. The company has asked the bank for a loan to finance the expansion. Alphonzo, the companys manager, has prepared the...

Answered: 1 week ago

Question

★★★★★
An equimolar mixture of methane and propane is discharged from a compressor at 5,500 kPa and 90oC at the rate of 1.4 kg s -1. If the velocity in the discharge line is not to exceed 30 m s - 1, what...

Answered: 1 week ago

Question

★★★★★
37. If A in Prob. 35 is such that a ij > 0 for all i = 1, 2, ..., n show that A -1 > 0.

Answered: 1 week ago

Question

★★★★★
=+d) Which car would you produce and why?

Answered: 1 week ago

Question

★★★★★
Amir ante Inc. manufactures an X-ray machine with an estimated life of 12 years and leases it to Chambers Medical Center for a period of 10 years. The normal selling price of the machine is $411,324,...

Answered: 1 week ago

Question

★★★★★
Fresh Veggies, Incorporated (FVI), purchases land and a warehouse for $450,000. In addition to the purchase price, FVI makes the following expenditures related to the acquisition: broker's...

Answered: 1 week ago

Question

★★★★★
Jason Wood earns $800 per week for a five-day week, and he is entitled to 12 paid holidays and four weeks of paid vacation. a. Over how many weeks should the holiday pay and vacation pay be expensed?...

Answered: 1 week ago

Question

★★★★★
Your hospital has billed charges of $4,000,000 in February. If your collection experience indicates that 20 percent is paid in the month billed, 40 percent in the second month, 20 percent in the...

Answered: 1 week ago

Question

★★★★★
If a cost can be traced directly to its cost object, why might a company choose not to trace but to rather include the cost in the indirect cost category and allocate on some arbitrary basis? Let's...

Answered: 1 week ago

Question

★★★★★
READ the article, NBAA Humanitarian Emergency Response Operator (HEOR) Database (https://nbaa.org/aircraft-operations/hero-database/humanitarian-groups/ ), presented by the National Business Aviation...

Answered: 1 week ago

Question

★★★★★
23. Refer to BTZ Company. What is the net cash flow in Year 2? 12:28 a. Php298,813 b. Php473,813 c. Php498,813 d. Php626,875 050 145 VALUATION CONCEPTS AND METHODOLOGIES 24. Unicap Company is opening...

Answered: 1 week ago

Question

★★★★★
Explain the Stuxnet virus. Be sure to cover what its goals were thought to be, how successful it was in accomplishing those goals, the possible methods of initial system infections, how it was...

Answered: 1 week ago

Question

★★★★★
Anna, Luke, Charlotte, Diego and Emma share ownership of an apartment building under a tenancy in common, with equal shares of 20%. If Charlotte dies, which one of the following represents the...

Answered: 1 week ago

Question

★★★★★
If the value of the price index for the year 2015 equal to 114, and the price index for the year 2014 was 120, the annual inflation/deflation rate is. a. Deflation rate of 5%. b. Deflation rate of...

Answered: 1 week ago

Question

★★★★★
D Which of the following is considered part of the Controlling activity of managerial accounting? O Choosing to purchase raw materials from one supplier versus another O Choosing the allocation base...

Answered: 1 week ago

Question

★★★★★
Recall the steps in the accounting cycle.

Answered: 1 week ago

Question

★★★★★
Prepare interim statements.

Answered: 1 week ago

Question

★★★★★
Prepare a schedule of depreciation using the double-declining-balance method.

Answered: 1 week ago

Previous Question Next Question