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
rewona [7]
3 years ago
12

Our company reported the following financial numbers for one of its divisions for the year; average total assets of $4,100,000;

sales of $4,525,000; cost of goods sold of $2,550,000; and operating expenses of $1,372,000. Assume a target income of 10% of average invested assets. Compute residual income for the division:
Business
1 answer:
mestny [16]3 years ago
7 0

Answer: $193,000

Explanation:

Given that,

Average total assets = $4,100,000

Sales = $4,525,000

Cost of goods sold = $2,550,000

Operating expenses = $1,372,000

Target income = 10% of average invested assets

Net operating income = Sales - Cost of goods sold - Operating expenses

                                     = $4,525,000 - $2,550,000 - $1,372,000

                                     = $603,000

Minimum required return on assets = 10%

Residual income:

= Net operating income - (Minimum required return on assets × Average total assets)

= $603,000 - (10% × $4,100,000)

= $193,000

You might be interested in
Chun Hei is carrying out a marketing research study. Even after seeking all reasonable available secondary data sources, she has
tekilochka [14]

Answer:

The correct word for the blank space is:  primary.

Explanation:

Primary data collection takes place when data is collected by researchers from direct sources using for that purpose surveys or interviews. Typically, primary data collection gathers the questions formulated on <em>secondary data</em> research since that is the basic step carried out for the data collection process.

8 0
3 years ago
Nathan is defending his first place ranking at the annual debate competition. Just minutes before his turn, Nathan gets nervous
satela [25.4K]

Answer:

The consideration which will be dictated for Nathan's self efficiency is:

C. Verbal persuasion

Explanation:

Here, in the question it is mentioned that Nathan has been defending his first place ranking in his annual debate competition.

Now, just some minutes before his turn in the annual debate competition he gets nervous and he cannot remember his arguments related to the debate topic.

His teacher comes and talk to him, teaches him, reminds him of his theories and topics. Also motivates him and make him remind his special skills and shore up his demoralised confidence.

By listening all these things he gets motivated and delivers his best and defends his title at his very best.

So, the consideration which will be dictated for Nathan's self efficiency is:

C. Verbal persuasion

7 0
3 years ago
Wythe is trying to decide whether he wants to purchase shares in General Motors, Ford, or Honda, all of which are auto manufactu
mylen [45]

Answer:

Security selection

Explanation:

Security selection is the process of choosing specific securities within a given asset class that individual can include in his portfolio .  For an individual to make securities selections, he has to  considers the risk, the return, the ethical implications, and other factors affecting both of the individual securities and the portfolio as a whole.

4 0
3 years ago
To reverse a downward trend in sales, Mazda introduced its MPV minivan. Mazda positioned its van as a cross between a standard m
vivado [14]

Answer:

C. Benefit

Explanation:

7 0
3 years ago
Money serves as a good store of value except when an economy experiences a period of _____.
Marat540 [252]
Money serves as a good store of value except when an economy experiences a period of INFLATION.
3 0
3 years ago
Other questions:
  • Which of these are functions of an entrepreneur?
    14·2 answers
  • The _____ section of a business plan should include ownership details.
    15·1 answer
  • Abigail, a department manager, is struggling trying to lead a cross-functional team. Most members are other department managers
    5·1 answer
  • The concept of market efficiency underpins almost all financial theory and decision models. When financial markets are efficient
    9·1 answer
  • The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. Th
    8·1 answer
  • List some ways (at least two (2)) to get money INTO your checking account.
    7·1 answer
  • Who wants me to follow them and give them points
    12·1 answer
  • Well-known responses to demands that occur in a normal, predictable way are known as.
    6·1 answer
  • Shaun oversees the marketing and sales activities for a company that sells products through its website. his job title is best d
    7·2 answers
  • How do delivery companies track packages?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!