1) Mad Dog Fence company expects to sell 300 fences p/yr for $1000 each. Monthly sales are 20% cash and 80% credit. Oper

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1) Mad Dog Fence company expects to sell 300 fences p/yr for
$1000 each. Monthly sales are 20% cash and
80% credit. Operating expenses are: variable costs of $450 p/fence
and annual fixed costs of $80,000.
Mad Dogs total assets are worth $200,000. This include hammers,
saws, post hole diggers and a truck and
trailer for hauling equipment to work sites. James, the owner
expects a 16% rate of return of return on
assets. What is Mad Dog’s annual Return on Investment? 10
a. 43%
b. 83%
c. 55%
d. 32%
2) Mad Dog Fence company expects to sell 300 fences p/yr for $1000
each. Monthly sales are 20% cash and
80% credit. Operating expenses are: variable costs of $450 p/fence
and annual fixed costs of $80,000.
Mad Dogs total assets are worth $200,000. This include hammers,
saws, post hole diggers and a truck and
trailer for hauling equipment to work sites. James, the owner
expects a 16% rate of return of return on
assets. What is Mad Dog’s Sales Margin? 10
a. 55%
b. 28%
c. 43%
d. 66%