Robichau inc. reported the following results from last year’s operations: sales $ 6,300,000 variable expenses 4,930,000 contribution margin 1,370,000 fixed expenses 803,000 net operating income $ 567,000 average operating assets $ 3,000,000 at 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 sales fixed expenses $ 306,000 the company’s minimum required rate of return is 20%. last year's residual income was closest to:
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Business, 22.06.2019 07:30
Why has the free enterprise system been modified to include some government intervention?
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Business, 22.06.2019 19:40
The martinez legal firm (mlf) recently acquired a smaller competitor, miller and associates, which specializes in issues not previously covered by mlf, such as land use and intellectual property cases. given the increase in the firm's size and complexity, it is likely that its internal transaction costs willa. decrease. b. increase. c. become external transaction costs. d. be eliminated.
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Business, 22.06.2019 22:20
What type of negotiating strategy requires the supplier to open its books to the purchasers? a. competitive biddingb. cost-based price modelc. price-based modeld. market-based price modele. transparent negotiations
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Business, 23.06.2019 02:20
Required information lansing company’s 2017 income statement and selected balance sheet data (for current assets and current liabilities) at december 31, 2016 and 2017, follow. lansing company income statement for year ended december 31, 2017 sales revenue $130,200 expenses cost of goods sold 53,000 depreciation expense 17,500 salaries expense 29,000 rent expense 10,100 insurance expense 4,900 interest expense 4,700 utilities expense 3,900 net income $7,100 lansing company selected balance sheet accounts at december 31 2017 2016 accounts receivable $6,700 $8,000 inventory 3,080 2,090 accounts payable 5,500 6,800 salaries payable 1,100 810 utilities payable 440 270 prepaid insurance 370 500 prepaid rent 440 290 required: prepare the cash flows from operating activities section only of the company’s 2017 statement of cash flows using the indirect method. (amounts to be deducted should be indicated with a minus sign.)
Answers: 1
Robichau inc. reported the following results from last year’s operations: sales $ 6,300,000 variabl...
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