Robichau Inc. reported the following results from last year's operations: Sales$6,300,000Variable expenses 4,930,000Contribution margin 1,370,000Fixed expenses 803,000Net operating income$ 567,000Average operating assets$3,000,000At the beginning of this year, the company has a $900,000 investment opportunity with the following characteristics: Sales$1,530,000 Contribution margin ratio 30% of salesFixed expenses$306,000 The company's minimum required rate of return is 20%.If the company pursues the investment opportunity and otherwise performs the same as last year, the combined ROI for the entire company will be closest to:
A. 14.5%
B. 18.5%
C. 3.9%
D. 24.0%
Answer: B
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a. Unlimited life; b. Mutual agency; c. Taxation of earnings; d. Transferable ownership units; e. Both B and D
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______ benefits are the type of benefits that are required by law.
A. Statutory B. Domestic C. Cultural D. Structural
Direct order is usually the best arrangement of points for ______.
A. proposals B. negative news C. routine reports D. long formal reports