The increase in sales? General accounting The Family Restaurant chain had a 12% return on a $60,000investment in new ovens. The investment resulted in increasedsales and an increase in income that was 3% of the increase in sales.The increase in sales was:A. $15,000B. $240,000C. $180,000D. $7,200

Step 1: Define SalesSales is an activity performed by a company in which goods and services are sold…

Answered: The Family Restaurant chain had a 12%…

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter7: Corporate Valuation And Stock Valuation

Section: Chapter Questions

Problem 9MC

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What is the return on investment?
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What is the level of sales needed to achieve a 10% return on an investment of $10,000,000 for a restaurant (the restaurant has the following main products it sells: food, beverage and gift shop items) and cover all costs? Note the following information: Food generates 70% of sales and the food cost percent is 30. Beverages generate 25% of sales with a CMR of .82. Gift store items account for the rest of the sales with a CMR of .8. The fixed costs are $1,500,000 annually. What is the level of sales needed $3,000,000 $3,571,428.57 $5,434,782.61 $5,000,000
Sunrise Company sells 3, 650 frying pans per year. The owner has invested $80, 000 in the business and desires an 8% return on his investment (ROI = Net Income Investments). Product Costs VC $4.5 per pan FC $78,000 per year Selling and Administrative Costs VC $3.00 per pan FC $15,000 per year If Sunrise uses the income statement bottom-up forecasting to estimate revenue and absorption cost-based pricing, what is its selling price and markup percentage? A. 5.32% and $34.73 B. 34.25% and $34.73 C. 27.48% and $32.98 D. 363% and $34.73
9 During the past year Heart Company had a net income of $175,000. What is the ROI if the investment is $25,000? Select one: a. 2.500 b. 7.000 c. 0.142 d. 5.450 e. 5.140
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Jacob Products is a division of a major corporation. Last year the division had total sales of P26,800,000, net operating income of P1,768,800, and average operating assets of P8,000,000. The company's minimum required rate of return is 12%. 1. The division's margin is closest to:A) 1% B) 6.6% C) 29.9% D) 36.5% 2. The division's turnover is closest to: A) 22 B) 2.74 C) 15.15 D) 3.35 3. The division's return on investment (ROI) is closest to: A) 0% B) 5.1% C) 22.1% D) 1.5% 4. The division's residual income is closest to: A) P 808,800 B) P 1,768,800 C) P (1,447,200) D) P 2,728,800 Help me. Show solutions, thank you
The Burger Hut has sales of $29 million, total assets of $43 million, and total debt of $13 million. The profit margin is 11 percent. What is the return on assets?
Calculate Kajing's.....
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The Family Restaurant chain had a 12% return on a $60,000 investment in new ovens. The investment resulted in increased sales and an increase in income that was 3% of the increase in sales. The increase in sales was: A. $15,000 B. $240,000 C. $180,000 D. $7,200