Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Bramble Corp. recorded operating data for its auto accessories division for the year. Sales Contribution margin Total direct fixed costs Average total operating assets $790000

image text in transcribed
Bramble Corp. recorded operating data for its auto accessories division for the year. Sales Contribution margin Total direct fixed costs Average total operating assets $790000 260000 90000 250000 How much is ROI for the year if management is able to identify a way to improve the contribution margin by $30000, assuming fixed costs are held constant? 68.0% 11.4% 116.0% 80.0%

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

Fundamental Financial Accounting Concepts

Authors: Thomas P. Edmonds

11th Edition

1260786587, 9781260786583

More Books

Students also viewed these Accounting questions

Question

Find the derivative of the function. y = e 5x cos 3x

Answered: 1 week ago

Question

2. Recognize progress and improvement. Avoid nonspecific praise.

Answered: 1 week ago