Runyon Inc. reported the following results from last year's operations: Sales $ 16,800,000 Variable expenses 12,230,000 Contribution margin 4,570,000 Fixed expenses 3,394,000 Net operating income $ 1,176,000 The company's average operating assets were $7,000,000. Last year's turnover was closest to: Multiple Choice 0.42 14.29 0.07 2.40
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Runyon Inc. reported the following results from last year's operations: Sales $ 16,800,000 Variable expenses 12,230,000 Contribution margin ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
The word "util" has been used by economists in the past as an objective measure of utility. Today economists believe that A. utility cannot be measured objectively. B.
Answers (1)
Which sentence in the text signifies the 'tangibility' of goods?
Answers (1)
Chester's balance sheet has $71,143,000 in equity. Further, the company is expecting net income of 4,000,000 next year, and also expecting to pay $5,000,000 in dividends. If there is no new stock issued what will be Chester's book value?
Answers (1)
New communications technologies such as cell phones and the Internet give companies new media for interacting with targeted consumers, but these new technologies also give consumers more control over the advertising messages they receive.
Answers (1)
If there is a number of premium payments, such as 20-pay, 30-pay or the premium is payable for a specified period of time, such as, to age 65, after which no further premium is required to be paid, what premium paying method was used?
Answers (1)
New Questions in Business
In specialized fields, technical knowledge is more important to employers than communication skills when deciding whom to hire and promote. (A) True (B) False
Answers (1)
What would be the consequences if a health care organization follows the guidelines of transparency and allows the free flow of information?
Answers (2)
Marginal cost equals: a) total cost divided by quantity of output produced. b) total output divided by the change in total cost. c) the slope of the total cost curve. d) the slope of the line drawn from the origin to the total cost curve.
Answers (2)
Dependable Motors just purchased some MACRS five-year property at a cost of $216,000. The MACRS rates are. 2,.32, and. 192 for Years 1 to 3, respectively.
Answers (1)
For over 700 years, the city of granada and much of spain was ruled by which people?
Answers (2)