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

Question

1 Approved Answer

With complete solution please Lampent Lightings Company recorded for the past year sales of P522,500 and average operating assets of P250,000. The margin that Lampent

With complete solution please
image text in transcribed
Lampent Lightings Company recorded for the past year sales of P522,500 and average operating assets of P250,000. The margin that Lampent needed to earn in order to achieve an ROI of 12.75% is %. Round-off final answer to 2 decimal places. For uniformity of answers, use 5 decimal places for interim calculations

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

Accounting Volume 1

Accounting Volume 1

Authors: Charles T. Horngren, Walter T. Harrison, Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood

9th Canadian edition

978-013309863, 9780133128338, 013309863X, 133128334, 978-0132690096

More Books

Students also viewed these Accounting questions

Question

★★★★★
Why is there credit risk in a repo transaction?

Answered: 1 week ago

Question

★★★★★
Warren Ltd. has two production departments, Building A and Building B, and two service departments, Maintenance and Cafeteria. Direct costs for each department and the proportion of service costs...

Answered: 1 week ago

Question

★★★★★
=+3. Explain the critical role of time in global communication efforts

Answered: 1 week ago

Question

★★★★★
(Effective-Interest Method) Samantha Cordelia, an intermediate accounting student, is having difficulty amortizing bond premiums and discounts using the effective-interest method. Furthermore, she...

Answered: 1 week ago

Question

★★★★★
With complete solution please Lampent Lightings Company recorded for the past year sales of P522,500 and average operating assets of P250,000. The margin that Lampent needed to earn in order to...

Answered: 1 week ago

Question

★★★★★
Whispering Winds Corporation, which operates an amusement park, is considering a capital investment in a new ride. The ride would cost $143,000 and have an estimated useful tife of 5 years. The park...

Answered: 1 week ago

Question

★★★★★
2. Assume that you are planning to build a House for your family. List out the important events (at least 8) of this project with the time and cost estimates. You can use any open source data to...

Answered: 1 week ago

Question

★★★★★
land value for 2022 was 110,00 and for 2023 is 104,000. the land was sold with a a gain of 7,400. Calculate amounts to enter in a statement of cash flows for 2023

Answered: 1 week ago

Question

★★★★★
(C) Three pinned-end columns have the same material, same length and same cross-sectional area as shown in Fig. 2. The columns are free to buckle in any direction. The columns have cross sections as...

Answered: 1 week ago

Question

★★★★★
Diego Company manufactures one product that is sold for $77 per unit in two geographic regions-the East and West regions. The following information pertains to the company's first year of operations...

Answered: 1 week ago

Question

★★★★★
Variance analysis, multiple products. The Robin's Basket operates a chain of Italian gelato stores. Although the Robin's Basket charges customers the same price for all flavors, production costs...

Answered: 1 week ago

Previous Question Next Question