Youns Incorporated Reported the Following Results from Last Year's Operations

question 103

Multiple Choice

Youns Incorporated reported the following results from last year's operations: The company's average operating assets were $5,000,000.At the beginning of this year, the company has a $1,400,000 investment opportunity that involves sales of $2,800,000, fixed expenses of $616,000, and a contribution margin ratio of 30% of sales. If the company pursues the investment opportunity and otherwise performs the same as last year, the combined turnover for the entire company will be closest to:

• A) 9.50
• B) 1.64
• C) 2.66
• D) 2.08

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Definitions:

Agreeableness

One of the five major dimensions of personality, characterized by attributes such as kindness, empathy, and a willingness to cooperate and get along with others.

Extraversion

A personality trait characterized by outgoingness, high energy, and positive emotions; extraverts tend to enjoy being around people.

Biology

the scientific study of life and living organisms, encompassing their structure, function, growth, evolution, and distribution.

Genetics

The study of heredity and the variation of inherited traits among living organisms.