Lock IncHas Collected the Following Data Concerning One of Its Products

question 116

Multiple Choice

Lock Inc.has collected the following data concerning one of its products: $\begin{array}{ll}\text { Unit sales price } & \$ 145 \\\text { Total sales } & 15,000 \text { units } \\\text { Unit cost } & \$ 115 \\\text { Total investment } & \$ 1,800,000\end{array}$
-The ROI percentage is

• A)20%.
• B)25%.
• C)30%.
• D)35%.

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Definitions:

Projected Benefit Obligation

Projected Benefit Obligation (PBO) is a measure of the estimated total amount a pension plan needs to cover future pension benefits owed to employees, based on expected future salary increases.

Plan Assets

The resources that a pension plan has accumulated to cover future obligations to participants.

Amortization of Prior Service Costs

The process of gradually writing off the initial costs of services received or obligations incurred in the past, over the service periods of the involved employees.