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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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What are margin and turnover? Explain how these concepts can improve the evaluation of an investment center.

To determine

Describe the terms margin and turnover. Also, explain that these concepts can improve the investment center evaluation.

Explanation

Margin:

The proportion of operating income to the amount of sales revenue is known as margin. It represents the proportion of sales revenue left to cover taxes, interest, and profit.

Turnover:

Turnover can be defined as the amount of dollar sales earned by the company from investing every dollar in the operating assets...

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