"Columbia Corp.'s required ROI is 10%. Its East Division has operating assets of $7,500,000, profit margin of 15%, and asset turnover of 0.80. Calculate the East Division's operating income."

East Division operating income = $900,000

Explanation:

Profit margin = Net operating income/Sales    

Asset turnover = sales/average operating assets  

0.80= x/7,500,000    

x = 7500000*0.80    

= 6000000      

Thus, sales = 6,000,000    

Profit margin = net operating income/Sales    

15% = x /6,000,000    

x= 6,000,000*15%    

=900,000

Net operating income = 900,000

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.

answer; normative economics;