The executive team, the administration board and the shareholders meet with the rest of the departments when there is need to adress matters concerning the firms productivity
Check.
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Answer:
$180,000
Explanation:
Residual Income is the difference between net income of the company and the required rate of return. It determines the excess of income generate than the minimum return. The residual income serve a company to track its performance. It is a financial metric to assess company's internal performance. The formula to calculate the residual income is,
RI = Net operating Income - (Required rate of return * Cost of operating assets)
RI = $420,000 - (15% * $1,600,000 )
RI = $180,000
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Rossini Company has budgeted production for next year as follows: Quarter First Second Third FourthUnits to be sold 53,400 80,200 94,000
At the end of each quarter, Rossini would like to have an inventory equal to 10% of the sales units of the next quarter.
Production:
2nd Quarter= 80,200
Ending inventory= (94,000*0.10)= 9,400
Beginning inventory= (80,200*0.10)= 8,020 (-)
Total= 81,580 units
