LA Fitness is a regional chain of health clubs. The manager of the clubs, who have the authority to make investments as needed are evaluated based on ROI. The company's NW DC club reported the follwoing results for the past year: Sales $12,500,000 Variable expenses 9,380,000 Contribution margin 3,220,000 Fixed expenses 2,716,000 Net operating income $504,000 Average operating assets $7,000,000 At the beginning of this year, the manager has a $750,000 investment opportunity with the following characteristics: Sales $560,000 Contribution margin ratio 50% of sales Fixed expenses $246,400 (Show your work) 1. What was last year's return on investment (ROI) for the club

Daniel owns 100 shares of abc corporation's common stock. abc uses the fair value option, and recent declines in the firm's credit rating have caused the value of the firm's outstanding bonds payable to drop by 10%. daniel feels this is good news, but he wants to know what you think about the situation. which of the following represents your best response? a : "this situation may be positive for you in that the change in abc's credit standing indicates that the value of the firm's assets is likely increasing. however, the drop in bond value may negate any positive effects on your bottom line, because it means your claim on the firm's assets is simultaneously decreasing." b : "actually, this is bad news all around. the drop in the value of abc's bonds payable means shareholders' claims on the firm's assets have decreased. moreover, abc's declining credit rating means that the firm's assets are probably also dropping in value, thus magnifying your losses even more." c : "on the surface, this seems like good news because it means your claim on the firm's assets has increased. however, the drop in creditworthiness may also indicate that abc's assets are declining in value, thus offsetting any gains associated with the drop in bonds payable." d : "you're right! this is good news because it means that abc's debtholders have a decreased claim on the firm's assets. as a result, the firm's existing shareholders"like you"have seen their claim on the firm's assets increase."

Compare the sources of consumer credit 1. consumers use a prearranged loan using special checks 2. consumers use cards with no interest and non -revolving balances 3. consumers pay off debt and credit is automatically renewed 4. consumers take out a loan with a repayment date and have a specific purpose a. travel and entertainment credit b. revolving check credit c. closed-end credit d. revolving credit

How do communism and socialism differ in terms of the role that government plays in the economy ?