Business, 12.08.2019 19:20 jordanrini
Sorrento corporation’s balance sheet indicates that the company has $700,000 invested in operating assets. during 2018, sorrento earned operating income of $98,000 on $1,400,000 of sales. required compute sorrento’s profit margin for 2018. compute sorrento’s turnover for 2018. compute sorrento’s return on investment for 2018. recompute sorrento’s roi under each of the following independent assumptions: (1) sales increase from $1,400,000 to $1,680,000, thereby resulting in an increase in operating income from $98,000 to $110,880. (2) sales remain constant, but sorrento reduces expenses, resulting in an increase in operating income from $98,000 to $100,800. (3) sorrento is able to reduce its invested capital from $700,000 to $560,000 without aff
Answers: 1
Other questions on the subject: Business
Business, 21.06.2019 23:30, rbriezz
The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo
Answers: 3
Business, 21.06.2019 23:30, Mikec123
Select the correct answer. joshua runs a large manufacturing business that is listed on the stock exchange. his company made good profits in the previous financial year. he now plans to reward his shareholders with handsome dividends. under which category of activities in the cash flow statement would the company’s accountants place this outflow of cash? a. investing activities b. operating activities c. financing activities d. non-operating activities
Answers: 3
Business, 22.06.2019 11:00, cedricevans41p4j3kx
The following information is available for ellen's fashions, inc. for the current month. book balance end of month $ 7 comma 000 outstanding checks 700 deposits in transit 4 comma 500 service charges 120 interest revenue 45 what is the adjusted book balance on the bank reconciliation?
Answers: 2
Business, 22.06.2019 14:30, benjaminmccutch
Turtle corporation produces and sells a single product. data concerning that product appear below: per unit percent of sales selling price $ 150 100 % variable expenses 75 50 % contribution margin $ 75 50 % the company is currently selling 5,600 units per month. fixed expenses are $194,000 per month. the marketing manager believes that a $5,300 increase in the monthly advertising budget would result in a 190 unit increase in monthly sales. what should be the overall effect on the company's monthly net operating income of this change?
Answers: 1
You know the right answer?
Sorrento corporation’s balance sheet indicates that the company has $700,000 invested in operating a...
Questions in other subjects:
Advanced Placement (AP), 07.08.2019 18:30
