The Axle Division of LaBate Company Makes and Sells Only

question 94

Multiple Choice

The Axle Division of LaBate Company makes and sells only one product. Annual data on the Axle Division's single product follow:
-If Axle sells 16,000 units per year, the return on investment should be:

• A) 12%
• B) 15%
• C) 16%
• D) 18%

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Definitions:

Budget

An estimate of income and expenditure for a set period of time.

Budget Line Equation

An economic model that represents all combinations of goods and services that a consumer may purchase given current prices within their income level.

Entertainment Budget

An estimate of the money allocated for leisure and entertainment activities within a certain period.

Electronic Matrix

A spreadsheet.