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ACCT 505 WEEK 6 QUIZ-2.
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ACCT 505 WEEK 6 QUIZ-2.
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ACCT 505 WEEK 6 QUIZ-2Grade Details - All Questions
1. Question : (TCO D) A company that has a profit can
increase its return on investment by
Student Answer:
increasing sales revenue and operating
expenses by the same dollar amount.
increasing average operating assets and
operating expenses by the same dollar amount.
increasing sales revenue and operating
expenses by the same percentage.
decreasing average operating assets and
sales by the same percentage.
Instructor Chapter 12
Explanation:
Points 5 of 5
Received:
Comments:
2. Question : (TCO D) Given the following data, what would
ROI be?
Sales $50,000
Net operating income $5,000
Contribution margin $20,000
Average operating assets $25,000
Stockholder's equity $15,000
Student
Answer: 10%
20%
16.7%
80%
Instructor See Chapter 12. ROI = Net operating
Explanation: income / Average operating assets =
$5,000 / $25,000 = 20.0%
Points 5 of 5
Received:
, Comments:
3. Question : (TCO D) Given the following data: What is the
return on investment (ROI)?
Sales $150.000
Net operating income $15,000
Contribution margin $30,000
Average operating assets $50,000
Stockholder's equity $100,000
Student
Answer: 10%
15%
60%
30%
Instructor ROI = Net operating income / Average operating
Explanation: assets = $15,000 / $50,000 = 30.0%
Points 5 of 5
Received:
Comments:
1. Question : (TCO D) Financial data for Beaker Company for
last year appear below.
Beaker Company
Statement of Financial Position
BeginningEnding
Balance Balance
Assets
Cash $50,000 $70,000
Accounts receivable 20,000 25,000
Inventory 30,000 35,000
Plant and Equipment (net) 120,000 110,000
Investment in Cedar Company 80,000 100,000
Land (undeveloped) 170,000 170,000
Total Assets $470,000 510,000
Liabilities and Owners'
Equity
Accounts payable $70,000 $90,000
Long-term debt 250,000 250,000
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