Bogey CoRecorded Operating Data for Its Cheap Division for the Year

question 105

Multiple Choice

Bogey Co.recorded operating data for its Cheap division for the year.Bogey requires its return to be 10%. $\begin{array}{lr}\text { Sales } & \$ 1,400,000 \\\text { Controllable margin } & 160,000 \\\text { Total average assets } & 4,000,000 \\\text { Fixed costs } & 100,000\end{array}$ What is the ROI for the year?

• A)4%
• B)35%
• C)6%
• D)1.5%

Understand the principles behind estimators being unbiased and their importance in statistical analysis.

Understand how to use the CONFIDENCE.NORM function in Excel to calculate confidence intervals for population means.

Grasp the concept of unbiased estimators and identify the unbiased estimator of population proportion.

Calculate margins of error for confidence intervals given various population and sample conditions.

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Definitions:

Total Liabilities

The combined debts and obligations that a company owes to entities outside of the company.

Cash Flow From Operations

The net amount of cash generated by a company's normal business operations.

Accounts Receivable Turnover

A measure of how efficiently a company collects credit sales, calculated by dividing net credit sales by the average accounts receivable.

Sales

The total revenue a company generates from selling goods or services over a specific period.