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Flashcard ACCT 505 Week 6 Quiz Segment Reporting and Relevant Costs for Decisions (DEVRY)
Question :
(TCO D) Return on investment (ROI) is equal to the margin multiplied by
2.
(TCO D) For which of the following decisions are opportunity costs relevant?
The decision to make or buy a needed part
The desision to keep or drop a product line
(A)
Yes
(B)
No
(C)
(D)
3.
(TCO D) Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the beginning of the year and $90,000 at the end of the year. What was the company's turnover, rounded to the nearest tenth?
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