The Electronics Division of Anton Company Reports the Following Results

question 41

Multiple Choice

The Electronics Division of Anton Company reports the following results for the current year: $\begin{array}{lrl}\text { Revenues } &\$ 800,000 \\\text { Operating expenses } & \$ 656,000 \\\text { Operating income } & \$ 144,000 \\\text { Operating assets } & \$ 1,200,000\end{array}$

Anton Company has set a target return on investment (ROI) of 11% for the Electronics Division. The Electronic Division's turnover (asset utilization) is:

• A) 0.1125.
• B) 0.12.
• C) 0.667.
• D) 0.18.

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Definitions:

Unionization

The process by which workers join together to form a union in order to negotiate collectively with their employer for better wages, benefits, and working conditions.

MRP Curve

The Marginal Revenue Product curve shows the additional revenue generated by employing one more unit of input or labor.

Wage Rate

The standard amount of pay given for work performed, typically expressed per hour, day, or piece.

Equilibrium

A balance between market demand and supply, resulting in steady prices.