Acme Global sent 100 workers to training to decrease defects on the assembly line. In the past year, there have been 2,000 defective products created at a cost of $100 each. In the year following training, only 1,000 defective products were created. Training cost $100 per worker. What is the ROI on the training?

What will be an ideal response?


Cost of investment = $10,000
Gain from investment = $100,000
ROI = ($100,000 - $10,000)/$10,000 = 9 or 900 percent

Business

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An intensive growth strategy involving marketing current products to new markets is a market-development strategy

Indicate whether the statement is true or false

Business

Frank Company experienced an event that affected its financial statements as indicated below:Assets=Liabilities+EquityRevenue-Expense=Net income5,000=n/a+5,0005,000-n/a=5,000Which of the following transactions caused the indicated effects?

A. The cost of units sold was recorded. B. Units were completed and moved to finished goods. C. Completed units were sold. D. None of these answers are correct.

Business

Mark, a resident of Nebraska, was driving through Oklahoma when his car struck Katherine's vehicle. If Katherine resides in Oklahoma, in which court should she file a case to claim damages?

A) the U.S. Supreme Court B) a U.S. federal district court in Nebraska C) a Nebraska state trial court D) an Oklahoma state trial court

Business

Micro Electronics completed the following stock issuance transactions

June 7 Issued 4,000 shares of $3 par value common stock for cash of $12 per share Aug. 16 Issued 400 shares of no-par preferred stock for $25,000 cash Sept. 19 Received equipment with a market value of $75,000 in exchange for 5,000 shares of the $3 par value common stock Prepare the journal entries to record these transactions. Explanations are not required. What will be an ideal response

Business