Le Sud Retailers has a current return on investment of 10% and the company has established an 8% minimum rate of return for the division. The division manager has two investment projects available, for which the following estimates have been made:
Project A - Annual controllable margin = $24,000, operating assets = $400,000
Project B - Annual controllable margin = $60,000, operating assets = $550,000
Which project should be funded?
a) Both projects
b) Project A
c) Project B
d) Neither project
c) Project B
Business
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James works at a lawn mower manufacturing company in St. Louis, Missouri, and his company imports component parts from Thailand and also ships final product to various countries. James's company is an example of a(n) _____ business.
Fill in the blank(s) with the appropriate word(s).
Business
All of the following are property, plant, and equipment except
A. machinery B. buildings C. supplies D. land
Business