Blancher Corporation Had $495,000 Invested in Assets, Sales of $660,000

question 21

Multiple Choice

Blancher Corporation had $495,000 invested in assets, sales of $660,000, income from operations amounting to $99,000, and a desired minimum rate of return of 15%. The rate of return on investment for Blancher is:

• A) 16%.
• B) 20%.
• C) 18%.
• D) 15%.

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Definitions:

Employee Identification Badges

Physical or digital badges that display essential identifying information about employees, used for security and identification purposes.

Remittance Advices

Remittance advices are documents sent by customers to businesses indicating that an invoice has been paid, often including details of the payment.

Mail Receipts

Incoming payments or documents received through postal services, often associated with business transactions or official correspondences.

Documentation Procedures

The formal processes used for recording and maintaining evidence of transactions and activities, essential for audit and control purposes.