Nasser Inc. reported the following results from last year's operations: Sales$12,600,000Variable expenses 7,760,000Contribution margin 4,840,000Fixed expenses 3,706,000Net operating income$ 1,134,000Average operating assets$6,000,000Last year's return on investment (ROI) was closest to:
A. 9.0%
B. 18.9%
C. 47.6%
D. 80.7%
Answer: B
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A system to encourage employers to provide regular employment to workers is called a(n)
a. optimizing system; b. employment-rating system; c. welfare system; d. full-factoring system; e. experience-rating system.
If you were thinking about an oven as a system, which of the following represents the output?
A. A light indicating that the oven has reached the preheated temperature. B. The oven running at 350 degrees for 20 minutes. C. The uncooked food. D. The cooked food.
Fraud in the inception is a type of personal defense
Indicate whether the statement is true or false
Larry leaves his hat under the seat at the movie theater. Is this a bailment?
A) No, because the theater manager does not have physical control of the area in which Larry left the hat B) No, because Larry did not pay the theater to keep his hat C) Yes, if the theater manager finds the hat D) Yes, since the theater controls the building