Cabell Products is a division of a major corporation. Last year the division had total sales of $25,320,000, net operating income of $1,924,320, and average operating assets of $6,000,000. The company's minimum required rate of return is 10%.The division's return on investment (ROI) is closest to:
A. 6.1%
B. 2.4%
C. 32.1%
D. 135.5%
Answer: C
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Bartosiewicz Clinic uses client-visits as its measure of activity. During January, the clinic budgeted for 3,500 client-visits, but its actual level of activity was 3,490 client-visits. The clinic has provided the following data concerning the formulas used in its budgeting and its actual results for January:Data used in budgeting: Fixed element per monthVariable element per client-visitRevenue - $38.20 Personnel expenses$33,600 $11.00Medical supplies 1,900 6.20Occupancy expenses 10,200 1.90Administrative expenses 6,600 0.30Total expenses$52,300 $19.40?Actual results for January: ?Revenue$127,218 Personnel expenses$71,860?Medical supplies$24,058?Occupancy expenses$17,371?Administrative expenses$7,547???The activity variance for net operating
income in January would be closest to: A. $188 U B. $7,118 U C. $7,118 F D. $188 F