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Mahim Products has a division that generated $10,000,000 in sales and operating income of $2,000,000 on average operating assets of $6,000,000. The company's management team expects division managers to generate sufficient income to guarantee a minimum return of 30 percent.
Required: Answer the following and show computations.
1. What is the division's return on investment (ROI)?
Prepare the journal entry in amortized cost method. The management of NBI truly believes in taking care of its customers when possible.
All sales were on account. Net cash provided by operating activities for 2014 was $245,880. Capital expenditures were $136,060, and cash dividends were $57,618
Identify 4 areas of business risks for Immuron and give a brief explanation of the identified risks. Discuss how these risks can lead to risk of material
Operating expenses were $120,000. The ending balance of the Accounts Receivable account was $20,000. The gross profit margin was
Determine which accounts is considered a permanent account? Interest Revenue, Prepaid Insurance, Insurance Expense, Supplies Expense
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Invesco preferred offers preferred dividend of 5.74% based on a $10 value. This dividend will be paid, How much does a share of preferred stock cost today?
Prepare and post the closing entries for the General Fund. Prepare a Statement of Revenues and Changes in Fund Balance for the year ended December 31, 2015.
The pawnshop adds 1.5 percent to loan balances for every two weeks a loan is outstanding. What is the effective annual rate they are charging
Running a business presents challenges such as managing finances from a broad scale, including ensuring the bills are paid, credit is not misused, and keeping the doors open. Do you think there are ways to combat such challenges without having to lay..
Found to be the best choice with the Net Present Worth (NPW), must it also be the best choice based on the discounted payback method
What is the main essential purpose behind a gaining organization to procure an objective organization? To acquire economies of scale
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