COMPUTATION OF RETURN ON INVESTMENT (ROI) For the year ended December 31, 2017, Reese Company reports the following: Sales $6,000,000 Variable costs 3,200,000 Controllable fixed costs 2,000,000 Average operating assets 5,000,000 Instructions: Compute ROI for each of the following situations. Show all computations. 1. For the year ended December 31, 2017. 2. For 2018 assuming the following independent courses of action: (a) Sales will increase 10% with no change in the contribution margin ratio. (b) Variable costs and controllable fixed costs will both be reduced 10%. (c) Average operating assets will be reduced 20%.

Employers hiring for entry-level positions in hospitality and tourism expect workers to

Which of the following is an example of formal management controls? answers: a firm's culturethe willingness of employees to monitor each otherbudgeting and reporting activitiesmanagerial motivation

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.