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Digiron [165]
2 years ago
13

The Consumer Products Division of Goich Corporation had average operating assets of $800,000 and net operating income of $81,300

in May. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's residual income in May
Business
1 answer:
Alex73 [517]2 years ago
8 0

The Consumer Products Division's residual income in May is $1,300

<h3>What is residual income?</h3>

Residual income is the amount of money an individual or business has remaining after paying all expenses.

Given that:

Net operating income

= $81,300

Average operating assets

= $800,000

Minimum required return

= Average operating assets * Rate of return

=  $800,000 * 10%

= $80,000

Residual income

= Net operating income - Minimum required return

= $81,300 - $80,000

= $1,300

Hence, the Consumer Products Division's residual income in May is $1,300

Learn more about residual income here: brainly.com/question/22985922

#SPJ1

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We calculate the advances form the customer to be reported as the current liability as on Dec. 31, 2009 in the balance sheet as follows :

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Customer advances the balance Dec 31, 2008                           110

Add : advances that is  received with 2009 orders is                 195

Less : advances applicable to the orders in 2009                      -180

Less : advances from orders that are canceled in 2009          <u>  -45  </u>

Advances from the customers liability Dec. 31, 2009                  80

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2 years ago
You and your friends want to buy a condo at the beach to time share. Each of you has single peaked preferences with a most prefe
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Answer:

Individual                   Cost                                Shares to be enjoyed

Mabel                      $10,000                            10000 / 150000 =  6.67%

Gertrude                 $20000                            20000 / 150000 = 13.3%

Myron                      $30000                            30000 / 150000 = 20%

Wilber                      $40000                            40000 / 150000 = 26.6%

You                          $50000                            50000 / 150000 = 33.3%

Explanation:

peaked preferences

Most preferred value to spend :

Mabel = $10,000

Gertrude = $20,000

Myron = $30,000

Wilber = $40,000

you = $50,000

cost of Condo = $150,000

<u>Implementing a Uniform rule mechanism to allocate costs and shares </u>

The uniform rule ; ∑ j∈I Uj (p) = Ω.

where Ω = fixed amount of resource

hence the summation of all allotment should = Ω ( $150,000 )

Number of friends = 5

cost of condo  = $150,000

If divide equally each person will have to pay ; $150,000 / 5 = $30,000

Total money to be spent by friends = 10,000 + 20,000 + 30,000 + 40,000 + 50,000  = $150,000

Individual                   Cost                                shares to be enjoyed

Mabel                      $10,000                            10000 / 150000 =  6.67∑%

Gertrude                 $20000                            20000 / 150000 = 13.3%

Myron                      $30000                            30000 / 150000 = 20%

Wilber                      $40000                            40000 / 150000 = 26.6%

You                          $50000                            50000 / 150000 = 33.3%

∑shares ≈ 100% ( 150,000 )

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9. The ultimate tax-burden bearer in question 8 is <u>(d) the tenants</u>.

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Learn more about tax systems at brainly.com/question/12890967

#SPJ1

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