This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Assume the Cell Phone Division of the First Electronics Corporation had the following results last ... (Read 57 times)

Mr.Thesaxman

  • Hero Member
  • *****
  • Posts: 514
on: Jan 5, 2020
Assume the Cell Phone Division of the First Electronics Corporation had the following results last year (in thousands). Management's target rate of return is 10% and the weighted average cost of capital is 7%. Its effective tax rate is 30%.

Sales $6,000,000
Operating income      900,000
Total assets   3,000,000
Current liabilities      750,000


What is the First Electronics Corporation cell phone division's profit margin?
◦ 200.00%
◦ 30.00%
◦ 25.00%
◦ 15.00%
Managerial Accounting, Canadian Edition ¦ Braun, Tietz, Pyper ¦ 2nd Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Mr.Thesaxman on Jan 5, 2020

sarahccccc

  • Sr. Member
  • ****
  • Posts: 318
Reply #1 on: Jan 5, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Mr.Thesaxman

  • Member
  • Posts: 514
Reply 2 on: Jan 5, 2020
Thanks for the timely response, appreciate it

DylanD1323

  • Member
  • Posts: 314
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

Elderly adults are living longer, and causes of death are shifting. At the same time, autopsy rates are at or near their lowest in history.

Did you know?

Pope Sylvester II tried to introduce Arabic numbers into Europe between the years 999 and 1003, but their use did not catch on for a few more centuries, and Roman numerals continued to be the primary number system.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Did you know?

It is believed that the Incas used anesthesia. Evidence supports the theory that shamans chewed cocoa leaves and drilled holes into the heads of patients (letting evil spirits escape), spitting into the wounds they made. The mixture of cocaine, saliva, and resin numbed the site enough to allow hours of drilling.

The division of labour in insect societies. The division of labour in insect societies.
Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes Sickle cell anemia. The clinical manifestations of sickle cell anemia result from pathologic changes
A Prototype Hydrogen Fuel Cell Car A Prototype Hydrogen Fuel Cell Car
Apple Corporation, Macintosh computer, Cupertino, California. Apple Corporation, Macintosh computer, Cupertino, California.
Major cell types in the human body. Major cell types in the human body.
Cell Division Vector Icon Cell Division Vector Icon
Video: Hormonal regulation of pregnancy - weeks 17 through 38

For a complete list of videos, visit our video library