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ruslelena [56]
3 years ago
9

Dartford Company reported the following financial data for one of its divisions for the year; average investment center total as

sets of $4,100,000; investment center income $700,000; a target income of 12% of average invested assets. The residual income for the division is:
Business
1 answer:
Alexandra [31]3 years ago
4 0

Answer:

$208,000

Explanation:

Calculation for Dartford Company residual income

Using this formula

Residual income=Investment center income -(Target income percentage of average invested assets ×Average investment center total assets)

Let plug in the formula

Residual income =$700,000-(12%×$4,100,000)

Residual income =$700,000 - $492,000

Residual income =$208,000

Therefore The residual income for the division is: $208,000

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At December 31, bright should record interest revenue of $100. Money gained by lending money or money acquired from depositing or investing can both be referred to as interest revenue.

Is interest revenue a liability or an asset?

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The demand for plumbers is the same in country A and country B, but the plumbers in country A earn less than the plumbers in cou
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Answer:The supply of plumbers in country A is greater than the supply of plumbers in country B.

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Answer:

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