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

Author Question: The Tandem division of the Great Adventures Cycles Company had the following results last year (in ... (Read 63 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jan 5, 2020
The Tandem division of the Great Adventures Cycles Company had the following results last year (in thousands).

Sales $4,000,000
Operating income $480,000
Total assets $2,000,000
Current liabilities $300,000

Management's target rate of return is 10% and the weighted average cost of capital is  8%. Tandem's effective tax rate is 35%.


What is the Tandem division's profit margin?
◦ 24.00%
◦ 200.00%
◦ 7.50%
◦ 12.00%
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 lbcchick on Jan 5, 2020

Pamela.irrgang@yahoo.com

  • Sr. Member
  • ****
  • Posts: 323
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 29% of students answer this correctly


lbcchick

  • Member
  • Posts: 550
Reply 2 on: Jan 5, 2020
Great answer, keep it coming :)

scottmt

  • Member
  • Posts: 322
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

On average, someone in the United States has a stroke about every 40 seconds. This is about 795,000 people per year.

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

When blood is exposed to air, it clots. Heparin allows the blood to come in direct contact with air without clotting.

Division of mitochondria by binary fission Division of mitochondria by binary fission
Graphic display of hypothetical results of a predator removal experiment. Graphic display of hypothetical results of a predator removal experiment.
C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and C:N ratios differ a great deal among the tissues of pines and between the woody tissues of pines and
Reproductive Cell Division: Meiosis I Reproductive Cell Division: Meiosis I
Perform the indicated division (long division polynomials) Perform the indicated division (long division polynomials)
A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ... A non-interest-bearing five-year note for $54600.00 issued May 1, 2015, is discounted April 1, ...
Video: Role of the urinary system - acidosis and alkalosis

For a complete list of videos, visit our video library