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diamong [38]
3 years ago
11

Payne Company reported the following information for the current year: Sales $ 840,000 Average operating assets $ 340,000 Desire

d ROI 12 % Net income $ 54,000 The company's residual income was: Multiple Choice $40,800. $6,000. $13,200. $19,200.
Business
1 answer:
const2013 [10]3 years ago
4 0

Answer:

Residual income will be $13200

So option (c) will be correct answer

Explanation:

We have given Sales = $840000

Average operating assets = $340000

Desired ROI = 12%

Net income = $54000

We have to find the residual income

Residual income is given by

Residual income = Net income - ( Average operating assets× desired ROI )

= $54000 - ( $340000 ×0.12 ) = $13200

So option (c) will be correct answer

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Masja [62]

Answer with its Explanation:

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In real life, free money is can be availed by purchasing products from the suppliers if you are acting as a middle man in the distribution channel or you are a small customer and your borrowings doesn't impact the supplier. Almost all of the businesses lend free money in the form of products because allowing credit increases the sales of the organizations.

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3 years ago
Which important biochemical process receives a supply of nad ions from the fermentation process during anaerobic respiration?
Alexxandr [17]

Answer:

Glycolysis

Explanation:

Glycolysis is the process that receives a supply of NAD+ ions from the fermentation. When cells need energy but there is no oxygen for aerobic respiration than anaerobic respiration takes place.

5 0
2 years ago
Mildred was persuaded by a fast-talking salesperson to carry an expensive brand of yarns in her retail needlecraft shop. seldom
Makovka662 [10]
That would be confirmation bias :)
5 0
3 years ago
Suppose you pick people at random and ask them what month of the year they were born
Ray Of Light [21]
What is the question you are asking
8 0
3 years ago
​Ronald, Ross, and Carol opened a partnership firm. Ronald has a capital of​ $77,000; Ross has a capital of​ $119,000; and Carol
gtnhenbr [62]

Answer:

A. Carol, Capital is debited for $4,500

Explanation:

The question says to determine amount to be included in the journal entry to record Ronald's withdrawal from the partnership

Assumption: Equal Profit- loss sharing is the agreement between the existing partners.

First premise: Ronald's Capital in the Partnership = $77,000

However, Ronald received a payment of $86,000 meaning that there is an excess of $86,000-$77,000= $9,000

Since the agreement is equal profit and loss sharing, it means each of Ross and Carol will contribute 1/2 of the $9,000.

The journal entry to record this transaction is as follows:

Particulars                                          Debit                     Credit

Carol Capital Account                      $4,500

Ross Capital Account                       $4,500

Ronald Capital Account                                                  $9,000

Being the equal contribution of excess amount paid to Ronald on exit from the partnership by Carol and Ross.

Based on the multiple choices, the correct answer is Carol, Capital is debited for $4,500

4 0
3 years ago
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