Solved

Plamba Corporation Had $250,000 Invested in Assets,sales of $490,000,income from Operations

Question 80

Multiple Choice

Plamba Corporation had $250,000 invested in assets,sales of $490,000,income from operations amounting to $70,000,and a desired minimum rate of return of 15%.The rate of return on investment for Plamba is:


A) 14%.
B) 28%.
C) 20%.
D) 15%.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q38: A responsibility center in which the authority

Q58: The profit center income statement should include

Q75: How much would Division A's income from

Q77: The minimum amount of desired divisional income

Q79: Materials used by Ford Company in producing

Q85: In a cost center,the manager has responsibility

Q163: In an investment center, the manager has

Q180: The process of measuring and reporting operating

Q199: Which of the following expressions is termed

Q200: Under the cost price approach, the transfer