Dacker Products is a division of a major corporation. The following data are for the most recent year of operations: Sales$36,480,000 Net operating income$2,808,960 Average operating assets$8,000,000 The company's minimum required rate of return 16%The division's turnover used to compute ROI is closest to:
A. 0.35
B. 4.56
C. 12.99
D. 3.37
Answer: B
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Piersall Company makes a variety of paper products. One product is 20 lb copier paper, packaged 5,000 sheets to a box. One box normally sells for $18. A large bank offered to purchase 3,000 boxes at $14 per box. Costs per box are as follows: Direct materials $8 Direct labor 3 Variable overhead 1 Fixed overhead 5 No variable marketing costs would be incurred on the order. The company is operating
significantly below the maximum productive capacity. No fixed costs are avoidable. Should Piersall accepts the order? A) Yes, income will increase by $6,000 B) Yes, income will increase by $9,000 C) No, income will decrease by $3,000 D) No, income will decrease by $6,000 E) It doesn't matter, there will be no impact on income
If price and demand are related by the function v = 15 + 15p and the fixed cost is $150 while the variable cost is $5, then the expression for profit is ________
Fill in the blank with correct word.
Bob lives and works in Newark, NJ. He travels to London for a three-day business meeting after which he spends three days touring Scotland. All of his airfare is deductible.
Answer the following statement true (T) or false (F)
If a vendor has correctly used marginal analysis to select its stock levels for the day (as in the newsperson problem in the text), and if the profit resulting from the last unit being sold (Cu) is $120 and the loss resulting from that unit if it is not sold (Co) is $360, which of the following is the probability of the last unit being sold?
A. Greater than 0.90 B. Greater than 0.25 C. Greater than 0.85 D. Greater than 0.75 E. None of these