Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 28, 2024

What is the Return on Investment (ROI) for the division below? You must show your work. Computer Division Operating Income $90,000 Total Assets Jan 1

What is the Return on Investment (ROI) for the division below? You must show your work.

		Computer Division
Operating Income		$90,000
Total Assets Jan 1		$600,000
Total Assets Dec 31		$710,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 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

Auditing and Assurance services an integrated approach

Authors: Alvin a. arens, Randal j. elder, Mark s. Beasley

14th Edition

133081605, 132575957, 9780133081602, 978-0132575959

More Books

Students also viewed these Accounting questions

Question

★★★★★

Based on the data in Exercise assume that management has established an 8% minimum acceptable rate of return for invested assets. In Exercise, The income from operations and the amount of invested...

Answered: 1 week ago

Question

★★★★★

Are Americans superstitious? A Harris (Feb. 2013) poll of over 2,000 adult Americans was designed to answer this question. One survey item concerned the phrase "see a penny, pick it up, all day long...

Answered: 1 week ago

Question

★★★★★

3. Did economic output start growing faster than population from the beginning of the human inhabitation of the earth? When did modern economic growth begin? Have all of the worlds nations...

Answered: 1 week ago

Question

★★★★★

Paula Company acquires 100% of the common stock of Shannon Company for $190,000 cash. On the acquisition date, Shannons ledger shows Common Stock $120,000 and Retained Earnings $70,000. Complete the...

Answered: 1 week ago

Question

★★★★★

Polaski Company manufactures and sells a single product called a Ret. Operating at capacity, the company can produce and sell 3 6 , 0 0 0 Rets per year. Costs assoclated with this level of production...

Answered: 1 week ago

Question

★★★★★

Section A continued (compulsory): Financial Accounting scenario The Statement of Financial Position (Balance Sheet) of Fenton as at 31 July 2021 is shown below. Fenton Balance Sheet as at 31 July...

Answered: 1 week ago

Question

★★★★★

Chantal Sinclairworks for Blossom Cosmetics inAlbertaand is paid an annual salary of$55,142.00on abi-weeklybasis. Earlier this yearChantalreceived a performance bonus of$3,375.00. She was recently...

Answered: 1 week ago

Question

★★★★★

Should the external auditors make sure that controls over the purchasing and procurement processes are in place at an organization during the annual audit process? A. No, because internal controls...

Answered: 1 week ago

Question

★★★★★

Suppose flu breaks out in a school system and the number of students becoming ill is increasing. A student asks whic is worse: that the number of students with the flu is increasing arithmetically or...

Answered: 1 week ago

Question

★★★★★

Suppose a Ferris Wheel has a diameter of 30 meters, the center is 19 meters off the ground and it makes 2 revolutions per min. Draw this Ferris Wheel, labeling the radius, height, and center....

Answered: 1 week ago

Question

★★★★★

Using the 'Child Development' dataset in the Math 12 group in StatCrunch, construct 2 boxplots using 'weight age 9' variable for each males and females. Compare the 2 boxplots. Choose the correct...

Answered: 1 week ago

Question

★★★★★

6. Diagram a market in which the equilibrium dollar price of 1 unit of fictitious currency zee (Z) is $5 (the exchange rate is $5 = Z1). Then show on your diagram a decline in the demand for zee....

Answered: 1 week ago

Question

★★★★★

10. Other things equal, if the United States continually runs trade deficits, foreigners will own U.S. assets. LO41.6 a. More and more. b. Less and less. c. The same amount of.

Answered: 1 week ago

Question

★★★★★

2. China had a $214 billion overall current account surplus in 2012. Assuming that Chinas net debt forgiveness was zero in 2012 (its capital account balance was zero), by how much did Chinese...

Answered: 1 week ago

Previous Question Next Question