The manufacturing overhead budget calculates the budgeted overhead cost for the year, but not the predetermined overhead allocation rate for the year

Grady Corporation provides the following financial information

Minimum acceptable operating income $556,600 Average total assets $2,000,000 Operating income $708,000 Return on investment 35.40% Net sales $900,000 Calculate the target rate of return. (Round your answer to two decimal places.) A) 27.83% B) 78.67% C) 35.40% D) 61.84%

Which statement concerning vending machines is correct?

a. Over 95 percent of vending machine sales involve hot and cold beverages and food items. b. Eighty-five percent of vending machine sales involve cigarettes. c. There has been significant growth in the sale of items priced above $5.00 in vending machines. d. Most vending machines are equipped with dollar bill changers.