The following information relates to last year's operations at the Legumes Division of Gervani Corporation: Minimum required rate of return 6% Return on investment (ROI) 6.8% Sales $ 870,000 Turnover (on operating assets) 2 times What was the Legume Division's net operating income last year

Based on the information given, Legume Division's net operating income last year will be $29580.

Firstly,we will calculate the turnover which will be:

= Sales / Operating costs

= $870000 / 2

= $435000

The return on investment will be:

= Net operating income / Operating assets

Therefore, the net operating income will be:

= $435000 × 6.8%

= $29580

Learn more about income on:

https://brainly.com/question/8549393

The Legume Division's net operating income last year was $29,580.

The net operating income is the income after deducting the cost of goods sold and operating expenses from sales revenue.

Minimum required rate of return = 6%

Return on investment (ROI) = 6.8%

Sales revenue = $870,000

Turnover on operating assets = 2 times

Operating assets = $435,000 ($870,000/2)

Net operating income = ROI x Operating Assets

= $29,580 ($6.8% of $435,000)

Thus, the Legume Division's net operating income last year was $29,580.

Learn more about Return on investment at https://brainly.com/question/22985922

If you wish to enter the field of soil and
forest conservation, what kind of
educational goal should you attain?

A. High school diploma
B. 2 year associate degree
C. 4 year college degree
D. Doctorate degree

The process of packing 316 ounce bottles of Hershey chocolate syrup in super size packages like those sold at Sam’s and Costco is an example of what type of packaging… Is it adaptive packaging allocating sorting out accumulating or accruing

Mean for in grouped data

HELP PLS












Which of the following is a explain a job responsibility for an engineer in a manufacturing plant.
A: Creating product designs
B: inspecting products
C: repairing machinery
D: supervising mechanics

Holly's salary is $80,000 per year. She contributes 10% of her salary to her 401(k) plan. Her employer contributes 5% of her salary to a profit share plan. She also contributes $2,500 per year to an IRA. Holly's savings ratio is

StylesQuestion 12 (Essay Worth 4 points)
(02.04 MC)
Which two investment options would be best if you are 45 years old, just starting to save, and want to retire when you are 65? Consider the kind of investment,
of return, level of risk, and other factors

Jack is a 74-year-old, single taxpayer whose income consists of $10,000 in wages and $31,000 in social security benefits. The maximum amount he can contribute to a Roth IRA for 2019 is: A) $0 B) $6,000 C) $7,000 D) $10,000

which situation would normally involve long-term financing?

A large St. Louis feed mill, Robert Orwig Processing, prepares its 6-month aggregate plan by forecasting demand for 50-pound bags of cattle feed as follows: January, 1,000 bags; February, 1,200; March, 1,250; April, 1,450; May, 1,400; and June, 1,400. The feed mill plans to begin the new year with no inventory left over from the previous year, and backorders are not permit ted. It projects that capacity (during regular hours) for producing bags of feed will remain constant at 800 until the end of April, and then increase to 1,100 bags per month when a planned expansion is completed on May 1. Overtime capacity is set at 300 bags per month until the expansion, at which time it will increase to 400 bags per month. A friendly competitor in Sioux City, Iowa, is also available as a backup source to meet demand—but can provide only 500 bags total during the 6-month period. Develop a 6-month production plan for the feed mill using the transportation method
Regular-time cost per bag (until April 30) $12.00
Regular-time cost per bag (after May 1) $11.00
Overtime cost per bag (during entire period) $16.00
Cost of outside purchase per bag $18.50
Carrying cost per bag per month $ 1.00