2293 Chapter 4 Textbook Solutions 292

2293 Chapter 4 Textbook Solutions 292 - $15,000 ROI 83 d...

Info iconThis preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Chapter 4 Textbook Solutions 4-13 Revenues ($896,432 –15,678) $880,754 Expenses: Food $ 244,108 Wages 366,733 610,841 Net income $269,913 There is no cost of goods sold account as the company is providing services rather than selling physical goods (such as inventory). Other expenses might include rent, wages, sales commissions, and advertising. 4-30 a) Return $37 Average investment $3000 ROI (for a 6 month period) 1.23% b) Return 10 x $0.30 + ($12.50-$12.00) x 10) $8 Average investment 10 x $12.00 $120 ROI 6.7% c) Return $50,000 x 25% $12,500 Average investment
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Background image of page 2
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: $15,000 ROI 83% d) Return $60,000 Average investment ($250,000 + $280,000)/2 $265,000 ROI 22.6% e) Return ($130,000 - $125,000) $5,000 Average investment $125,000 ROI 4% 4-31 a) Return ($50,000 x 10%) $5,000 Average investment $32,000 ROI 15.6% b) Return $686 Average investment $17,000 ROI 4.04% c) Return $ 3,420 Average investment $19,260 ROI 17.8% d) Return $15,000 Average investment $150,000 ROI (for a six month period) 10.0% e) Return $21,000 Average investment $35,000 ROI 60.0%...
View Full Document

{[ snackBarMessage ]}

Page1 / 2

2293 Chapter 4 Textbook Solutions 292 - $15,000 ROI 83 d...

This preview shows document pages 1 - 2. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online