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VladimirAG [237]
2 years ago
10

Division G of Elephant Preservation Inc. has sales of $895,000, cost of goods sold of $475,000, operating expenses of $79,500, a

nd invested assets of $750,000. Required: Calculate: (a) The rate of return on investment for Division G. Round your answer to one decimal place. % (b) The profit margin for Division G. Round your answer to one decimal place. % (c) The investment turnover for Division G. Round your answer to two decimal places.

Business
1 answer:
mihalych1998 [28]2 years ago
3 0

Answer:

a. 45.4%

b. 38.0%

c.    1.19

Explanation:

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In 2004, researchers Marianne Bertrand and Sendhil Mullainathan sent fictitious resumes in response to employers' help-wanted jo
Neporo4naja [7]

The results of this study indicate that employment decisions of some employers might not be status blind and could indicate illegal discrimination under Civil Rights Act of 1964.

<u>Explanation:</u>

An important act in US is The Civil Rights Act of 1964. This law came into act on 2nd July, 1964. This law has rules and regulations that are against the inequalities and discrimination that prevails in schools, public areas and also in employment areas. The inequality may be based on the gender, nationality, religion,race or color.

In the example given, the discrimination of employment occurs based on the names that belongs to white and black. It has been stated that the names related to whites will get 50% of callbacks when compared to the names of the blacks. Hence, the decisions that are taken by the employers should not be status blind  and this illegal inequalities comes under Civil Rights Act of 1964.

8 0
2 years ago
Early in 20x3, Shifter, Inc. wrote put options for 1,000 shares of its common stock. Purchasers of the options can sell Shifter
OLEGan [10]

Answer: shifter discovers a loss of $3000

Explanation:

Because Shifter paid $5,000 more for the treasury stock than its fair value: 1,000 shares × ($20 − $15). The $2,000 fee (1,000 × $2) offsets that loss yielding a net loss of $3,000

7 0
2 years ago
Server Corporation is a majority-owned subsidiary of Proxy Corporation. Proxy acquired 75 percent ownership on January 1, 20X3,
kirill115 [55]

Answer:

1/1/2013

Dr Investment in server corporation $133,500

Cr Cash $133,500

1/1/2013

Dr Investment in server corporation $22,500

Cr Cash $22,500

1/1/2013

Dr Cash $9000

Cr Investment in server corporation $9000

1/1/2013

Dr Investment in server corporation $3000

Cr Investment income from serverbcorporation $3000

Explanation:

Preparation of the journal entries

1/1/2013

Dr Investment in server corporation $133,500

Cr Cash $133,500

(To record cash invested)

1/1/2013

Dr Investment in server corporation $22,500

($30,000*75/100)

Cr Cash $22,500

( To record cash invested according to net income)

1/1/2013

Dr Cash $9000

Cr Investment in server corporation $9000

( To record cash received)

1/1/2013

Dr Investment in server corporation $3000

Cr Investment income from serverbcorporation $3000

( To record cash recieved from income)

7 0
2 years ago
Which scenario is an example of market saturation? The single coffee shop in town usually has a long line of customers and tends
Reptile [31]
The scenario that is an example of market saturation is B. there are three shoe stores on one block in town, and they have trouble finding customers and making a profit.
Market saturation refers to the fact that there is a lot of the same product, so that it is really unnecessary. Here, having three stores which sell the same product on the same block is too much, as people aren't going to visit all three of them, so all of them are going to lack customers, and thus they aren't going to profit at all. 
6 0
2 years ago
Read 2 more answers
The journal entry to record applying overhead during the production process is: a. Manufacturing Overhead XXX Work In Process XX
elixir [45]

Answer:

d. Work in Process                              Dr. XXX

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Explanation:

Work in process inventory is a current asset. A debit of current asset accounts increase their balance while a credit reduces it.

Manufacturing overheads refer to indirect costs. Examples would include such as gas electricity used in manufacturing process which represents an indirect cost.

In the given case, the journal entry would be:

Work in Process A/C                                            Dr.

     To Manufacturing Overheads

(Being application of manufacturing overheads recorded)

The entry means manufacturing costs i.e indirect costs have been used, transferred and added to cost of work in process.

5 0
2 years ago
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