Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. margin and turnover are important concepts in unde

Margin and turnover are important concepts in understanding how a manager can affect ROI. Consider...

50.1K

Verified Solution

Question

Accounting

Margin and turnover are important concepts in understanding how a manager can affect ROI. Consider that the sales of the Omega Branch of the Reed Companys sales for the year 2012 totaled $150,000 and its return on investment (ROI) was 12%. If the Companys turnover was 3, then its margin (Net operating income) in terms of dollars for the year 2012 was what amount?

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

In the titration of 30.0 mL of 0.200 M (CH3)2NH with 0.300 M HI. Determine the pH...

Chemistry
1.2K views

Given the thermodynamic data in the table below, calculate the equilibrium constant (at 298 K) for...

Physics
1.2K views

A 2.25

Physics
1.2K views

B 517 nm C 1010 nm D 205 nm The thereshold frequency vo for a...

Physics
1.2K views

A particle of mass m is driven by a machine that delivers a constant power...

Geometry
1.2K views

1 Determine the volume of the composite figure below 2 cm 3 cm 1 5...

Calculus
1.2K views

Of all points (x, y, z) that satisfy x + 4y + 3z=21, find the...

Calculus
1.2K views

a calculator to evaluate 29C plify your answer Type an integer or a fraction

Accounting
1.2K views

1) Which of the following statements does not properly describe a defined benefit...

Accounting
1.2K views

View routes Current Attempt in Progress Oriole Company was organized on January 1. During the...

Accounting
1.2K views

q.1 Your parents will retire in 14 years. They currently have $300,000, and they think...

Finance
1.2K views

You are celebrating your 50th birthday this month. You knew that you wanted to have...