Use the Following Information for Questions
Custom Shoes Co -What Is the Desired ROI Per Pair of Shoes?
A)

question 75

Multiple Choice

Use the following information for questions
Custom Shoes Co. has gathered the following information concerning one model of shoe: $\begin{array}{ll}\text { Variable manufacturing costs } & \$ 40,000 \\\text { Variable selling and administrative costs } & \$ 20,000 \\\text { Fixed manufacturing costs } & \$ 160,000 \\\text { Fixed selling and administrative costs } & \$ 120,000 \\\text { Investment } & \$ 1,700,000 \\\text { ROl } & 30 \% \\\text { Planned production and sales } & 5,000 \text { pairs }\end{array}$
-What is the desired ROI per pair of shoes?

• A) $68
• B) $168
• C) $102
• D) $170

Calculate interest on notes payable and prepare related journal entries.

Explain and calculate the times interest earned ratio and interpret its implications for a company's financial risk.

Calculate employee taxes withheld and understand the employer's responsibilities regarding payroll deductions.

Explain the accounting and reporting requirements for estimated liabilities and provide examples.