Chetek corp has an roi of 15 and a residual income of 10000

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1) Chetek Corp. has an ROI of 15% and a residual income of $10,000. If operating income equals $30,000, what is average invested assets?

2) Bloomer Company has an operating income of $100,000 on revenues of $1,000,000. Average invested assets are $500,000 and Bloomer Company has an 8% cost of capital. What is the investment turnover?

3) Albertville has a direct labor standard of 2 hours per unit of output. Each employee has a standard wage rate of $22.50 per hour. During July, Albertville paid $189,500 to employees for 8,890 hours worked. 4,700 units were produced during July. What would the flexible budget amount for direct labor be?

Reference no: EM13582694

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