The sales needed to achieve a 10% return on investment and a 24% net operating income with a 4% margin is $3,210,000.
The net operating income is calculated by subtracting the operating expenses from the sales. To solve for sales, we can use the formula: Sales = (Net Operating Income + Operating Expenses) / Margin. In this case, we have: Sales = (380,000 + Operating Expenses) / 0.04. Solving for Sales, we get: Sales = (380,000 + Operating Expenses) / 0.04 = $3,210,000. Therefore, the sales needed to achieve a 10% return on investment and a 24% net operating income with a 4% margin is $3,210,000.
Investments are defined as assets bought or invested in with the goal of increasing wealth and setting aside funds from salary or capital gains. The main goal of an investment is to generate additional revenue or to make money on the investment over a certain amount of time.
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