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
Liono4ka [1.6K]
3 years ago
14

The following data are for the Akron Division of Consolidated Rubber, Inc.: Sales $ 820,000 Net operating income $ 59,000 Averag

e operating assets $ 320,000 Stockholders' equity $ 82,000 Residual income $ 22,000 For the past year, the minimum required rate of return was: Multiple Choice 44.00% 11.56% 23.10% 7.20%
Business
1 answer:
VladimirAG [237]3 years ago
7 0

Answer:

11.56%

Explanation:

The computation of the minimum required rate of return is shown below:

Residual income = Net operating income - (Average operating assets × minimum required rate of return)

$22,000 = $59,000 - ($320,000 × minimum required rate of return)

After solving this the minimum required rate of return is 11.56%

By applying the above formula we can find out the minimum required rate of return

You might be interested in
Which of the following is a general two-year college-level degree?
inysia [295]

Answer:

an associate's degree

Explanation:

An associate's degree is an undergraduate, two-year degree program. The associate degree transposes into the first two years of a bachelor's degree. It intends to equip students with the necessary technical skills and academic knowledge required in the workplace. An associate degree prepares a student for further study in their chosen field.

A bachelor's degree takes four years, while a master's degree requires getting a bachelor's degree first.

8 0
3 years ago
Read 2 more answers
Ricky is 35 years old. He plans to retire when he is 63. He has opened a retirement account that pays 3.2% interest compounded m
Anna11 [10]

Answer:

Amount received = 217,043.56 (Approx)

Explanation:

Given:

Monthly deposit = $400

Interest rate = 3.2% / 12 = 0.002667 per month

Number of year = 63 year - 35 year = 28 year

Number of period = 28 × 12 month = 336 month

Computation:

Amount \ received = PMT[\frac{(1+r)^n-1}{r} ]\\\\Amount \ received = 400[\frac{(1+0.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{(1.002667)^{336}-1}{0.002667} ]\\\\Amount \ received =400[\frac{2.44713794-1}{0.002667} ]\\\\Amount \ received =400[\frac{1.44713794}{0.002667} ]\\\\Amount \ received =400[542.608901]\\\\Amount \ received =217,043.56\\\\

Amount received = 217,043.56 (Approx)

7 0
3 years ago
cyber security systems had sales of 3,700 units at $75 per unit last year. the marketing projects of a 10 percent increase in un
jasenka [17]

Answer:

$393,162

Explanation:

Units sold last year were 3,700

the projection for this year is an increase of 10% in volume.

projected units sales for this year will be

=110% of 3,700

=1.1 x 3,700

=4,070 units

The selling price last year was $75.

projected price this year is an increase by 40%

price for this year will be 140% of $75

=140/100 x $75

=1.4 x $75

=$105

Projected sales in dollar will be sales volume x selling price

= 4070units x $105

=$427,350

Purchase return = 8% of projected sales in dollars

=8/100 x  $427,350

=34,188

Net projected sales

= $427,350 - $34,188

=$393,162

6 0
3 years ago
An open-market purchase of securities by the Fed results in ________ in reserves and ________ in the supply of money. Group of a
qaws [65]

Answer:

an increase; an increase

Explanation:

Open market operations is a monetary policy instrument which is used by the Fed to control the money supply in an economy. In open market operations, there is a buying and selling of government securities from the public through banks.

If Fed purchases the government securities from the market then this will increase the money supply in an economy and there is a flow of money from Fed to public. This purchase of securities will also increase the reserves of the banks which they can utilized in lending to the individuals and other organisations.

7 0
3 years ago
Some of the team members took great delight in stirring the pot at team meetings. They knew just how to get each team member agi
Sedaia [141]

Answer: C) Interactionist view of conflict.

Explanation:

The Interactionist view of conflict is a conflict school of thought that pushes the idea that conflict within a group can be a good thing.

It even goes further to state that conflict is necessary for a group to function effectively because it gets the group to compete and try to be the best thereby improving the general effectiveness of the group.

Some of those team members who took great delight in stirring the pot at team meetings are indeed steering up conflict and do look like they subscribe to this school of thought.

4 0
3 years ago
Other questions:
  • Morrow Corp. has an EBIT of $925,000 per year that is expected to continue in perpetuity. The unlevered cost of equity for the c
    7·1 answer
  • Harry's Pepperoni Pizza Parlor produced 10,000 large pepperoni pizzas last year that sold for $10 each. This year Harry's again
    9·1 answer
  • (a) What factors determine a
    7·1 answer
  • The listing agreement in which a broker is entitled to a commission no matter who sells the property is known as
    13·1 answer
  • When a dividend is not declared on preferred stock, and the common share­holders cannot receive a dividend until all past and cu
    8·1 answer
  • A company has a beginning inventory of​ $20,000 and purchases during the year of​ $140,000. The beginning inventory consisted of
    5·1 answer
  • During a reporting period, a computer manufacturing company used raw materials of $50,000, had direct labor costs of $75,000, an
    7·1 answer
  • In the decision-making process, you must take into account several cultural variables. Describe one of the variables associated
    10·1 answer
  • When Zappos focused on aligning and maximizing customer service, distribution, product selection, and other key areas, they were
    7·1 answer
  • Anyone want to talk im bored
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!