Figure 19-3
the Following Results for the Year Pertain to the Maddox

question 38

Multiple Choice

Figure 19-3
The following results for the year pertain to the Maddox Division of Ryan Ltd.: $\begin{array}{lr}\text { Sales } & E 640,000 \\\text { Variable expenses } & 160,000 \\\text { Fixed expenses } & 300,000\end{array}$ The weighted average cost of capital is 12 per cent. The firm's minimum required rate of return is 14 per cent. Taxes for the firm are 40 per cent.
-Refer to Figure 19-3. If average operating assets are £1,000,000, return on investment for the Maddox Division is

• A)48%.
• B)34%.
• C)18%.
• D)16%.

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Definitions:

Moderately Liberal

Holding political or social views that are open to reform and progress, but not to an extreme level; supporting moderate changes within the framework of the existing system.

Primed In Memory

Refers to the process of activating particular representations or associations in memory just before carrying out an action or task.

Meta-Cognition

Reflecting on one’s own thought processes.

Contamination

Contamination refers to the presence of undesired substances in or on a material, surface, or environment that can cause harm or damage.