Asked by
Matthew Allen
on Dec 16, 2024
Verified
Suppose the manager of the Axle Division desires a return on investment of 22%. In order to achieve this goal, the Axle Division must sell how many units per year?
A) 18,250.
B) 16,750.
C) 14,500.
D) 19,500.
Return on Investment
A performance measure used to evaluate the efficiency or profitability of an investment, calculated by dividing net profit by the cost of the investment.
Units per Year
A measure of production output or activity volume, indicating the number of units produced or sold within a year.
- Acquire knowledge on the concept of return on investment (ROI) and how to calculate it.
- Review performance metrics, specifically margin and turnover.
Verified Answer
EQ
Learning Objectives
- Acquire knowledge on the concept of return on investment (ROI) and how to calculate it.
- Review performance metrics, specifically margin and turnover.