1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Which of the following is most likely a topic of discussion in macroeconomics?an increase in the price of a hamburgera decrease
otez555 [7]

Answer:

a decrease in the unemployment rate

Explanation:

Macroeconomics is a branch of economics that studies the economy as a whole. Economic variables studied in macroenomics includes GDP, unemployment, inflation etc

Microeconomics is a branch of economics that studies the behaviour of economic agents- individuals and firms in the economy.

I hope my answer helps you

4 0
2 years ago
Dr. Peabody recorded an $82 telephone bill that he will pay within thirty days. Which of the following statements is correct?
lana66690 [7]

Answer:

A. Telephone expense is debited $82; accounts payable is credited $82.

Explanation:

Mr. Peabody has incurred a debt of $82 on telephone expenses. His expenses have increased by $82, and his debts(liabilities) have also increased by $82.

An increase in expenses is recorded by debiting the relevant expense account. Mr. Peabody will debit the telephone expense account by $82.

Liabilities have increased by $82. An increase in liabilities is recorded by crediting the liabilities account. Mr. Peabody will complete this transaction by crediting the liabilities account by $82.

7 0
2 years ago
• what downsizing targeting methods do you feel are the most effective? • which are the least effective, and why? • if you had t
vovangra [49]
<span>When downsizing employee the most effective method I feel will be to based the decision on facts or documented evidence that may be difficult to dispute. The source of data can be used maybe the last few performance appraisal results, absenteeism , productivity rate and other soft skills to measure suitability to the job. Create a matrix identifying the criteria and measure the grade of each employee based on the criteria. In a way this is a measured evaluation. The least effective i would think are those decisions based on emotional considerations.</span>
7 0
3 years ago
The stock is currently selling for $15.25 per share, and its noncallable $1,000.00 par value, 20-year, 9.00% bonds with semiannu
ANTONII [103]

Answer:

12.8%

Explanation:

Ra=Rf+(Rm-Rf)*Ba

Ra=?

Rf=5.5%

Rm=11.5%

Ba=1.22

Ra=5.5%+(11.5%-5.5%)*1.22

Ra=12.8%

7 0
3 years ago
The Tanner Company's April 30 pre-reconciliation cash balance on its books was $35,000. While preparing the April 30 bank reconc
Natalija [7]

Answer:

$38,950

Explanation:

Given that,

Cash balance on its books = $35,000

Outstanding checks = $11,000

Deposits in transit = $7,000

Bank service charges = $50

Tanner's April 30 cash balance per the bank statement:

= Cash balance in books + outstanding checks - Deposits in transit - Bank service charge

= $35,000 + $11,000 - $7,000 - $50

= $38,950

Therefore, cash balance as per bank statement is $38,950.

6 0
3 years ago
Other questions:
  • Outdoor Adventure, a company that designs and manufactures sportswear, focuses their marketing efforts on people who participate
    11·1 answer
  • The economy is growing far too quickly, as high aggregate demand is causing inflation. a. What fiscal policy should be pursued i
    14·1 answer
  • When maggie joined techno-nerds, inc., she automatically joined an employee team. team members each had base salaries, but they
    5·1 answer
  • An example of an ongoing cost is _____.
    7·2 answers
  • A primary characteristic that distinguishes governments from businesses is a) The need to generate revenues equal to or in exces
    9·1 answer
  • Pederson Company reported the​ following: Manufacturing costs $ 2,800 Units manufactured 56,000 Units sold 44,000 units sold for
    8·1 answer
  • The Bears Corporation has provided you the following information:Increase in accounts receivable balance 50,000 Net sales 500,00
    9·1 answer
  • Lusk Corporation produces and sells 15,500 units of Product X each month. The selling price of Product X is $25 per unit, and va
    11·1 answer
  • Betty and Barbara own a business called Betsy. They each invest $30,000 into their business. The concept of owner’s investment i
    14·1 answer
  • Marshmallow, inc., accounted for an investment in sweet wheat cracker co. using the equity method. during the current year, mars
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!