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

Question

1 Approved Answer

Waterway Company recorded the following operating data: Sales $1241000 Contribution margin 471650 Total direct fixed costs 395000 Total operating assets Jan. 1, 2020 751000 Total

Waterway Company recorded the following operating data:

Sales $1241000
Contribution margin 471650
Total direct fixed costs 395000
Total operating assets Jan. 1, 2020 751000
Total operating assets Dec. 31, 2020 782000
Waterway Companys desired return 15%

What is Waterway Companys ROI, rounded to the nearest whole number?

10%

15%

53%

51%

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

Cost Accounting A Managerial Emphasis

Cost Accounting A Managerial Emphasis

Authors: Charles T. Horngren, George Foster, Srikant M. Datar

9th Edition

0306457229, 978-0306457227

More Books

Students also viewed these Accounting questions

Question

★★★★★
Consider the ring-shaped body of Fig. 12.35. A particle with mass m is placed a distance x from the center of the ring, along the line through the center of the ring and perpendicular to its plane....

Answered: 1 week ago

Question

★★★★★
(x = 14,500 psi, (y = 1070 psi, Txy = 1900 psi (a) Determine the principal stresses and show them on a sketch of a properly oriented element. (b) Determine the maximum shear stresses and associated...

Answered: 1 week ago

Question

★★★★★
How did the researcher address the limitations of each kind of data?

Answered: 1 week ago

Question

★★★★★
In the direct labor variance matrix, there are three factors: (1) Actual hours Actual rate, (2) Actual hours Standard rate, and (3) Standard hours Standard rate. Using the numbers, indicate the...

Answered: 1 week ago

Question

★★★★★
A company issued bonds with 8.2% coupons paid annually (once per year), $1,000 face value, and 10 years left to maturity. If the YTM in the market for similar bonds is 10.2%, what is the current bond...

Answered: 1 week ago

Question

★★★★★
An investor believes the volatility of firm A will be lower than what the market expects. What is an appropriate options trading strategy the investor should employ? Group of answer choices None of...

Answered: 1 week ago

Question

★★★★★
1. A firm has 1,000,000 shares outstanding with a price per share of $25.10 (previous to any dividend payment). It decides to pay out cash dividend of $2,100,000. What will the share price be after...

Answered: 1 week ago

Question

★★★★★
QWE Bank Limited originates a pool of 250 mortgages, each with 30-year maturity and averaging $250,000 with an annual mortgage coupon rate of 6 percent. The mortgage backed security insurance fee is...

Answered: 1 week ago

Question

★★★★★
On 15 November 2019, a wheat farmer became concerned that by the time her 200 metric tonne crop was ready for delivery in April 2020 that the price would fall below $335 per tonne - her break-even...

Answered: 1 week ago

Question

★★★★★
Your firm-has A/P with credit terms of 1/15, net 30. What is the annualized cost of skipping the discount on day 15 and paying the full invoice amount on day 30? 24.6% 37.2% 18.6% 8.1%

Answered: 1 week ago

Question

★★★★★
total monthly production costs are 10,000 on a lot of 250 units. you sell each unit for $150. If all 250 units sell each month, how would you calculate your annual profit

Answered: 1 week ago

Question

★★★★★
1. Who is your target audience? (everyone cannot be an answer here)

Answered: 1 week ago

Question

★★★★★
What problems have created the client's needs?

Answered: 1 week ago

Question

★★★★★
create simple design pieces exhibiting visual and rhetorical focus.

Answered: 1 week ago

Previous Question Next Question