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pochemuha
3 years ago
14

The Auto Division of Big Department Store had a net operating income of $560,000, a net asset base of $4,000,000, and a required

rate of return of 12%. Sales for the period totaled $3,000,000. The residual income for the period is: a.$360,000. b.$80,000. c.$120,000. d.$480,000.
Business
1 answer:
lora16 [44]3 years ago
6 0

Answer:

b.$80,000

Explanation:

The computation of the residual income is given below;

= net operating income - (required rate of return of net asset base)

= 560,000 - (4,000,000×12%)

=  $80,000

hence, the residual income is $80,000

Therefore the option b is correct

The same is relevant and considered too

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Answer:Evensplitia operated SOCIALISM

Explanation:

Socialism is a political and economic system where every individual in the society controls the factors of production, it's means and distribution eg machinery, tools, factories used to produce goods to directly satisfy human wants and needs.

Here, ownership is acquired either through a democratically elected government or through a cooperative or a public corporation and everyone has shares.

Distribution decisions are made by the government or public corporation and individuals depend on the state for every basic thing. The government determines the output and pricing levels of these goods and services for the benefit of the community.

8 0
3 years ago
ou need to have $25,000 for a down payment on a house 5 in years. If you can earn an annual interest rate of 4.7 percent, how mu
artcher [175]

Answer:

$19,870.39

Explanation:

To find the amount that you will have to deposit today, you have to use the formula to calculate the present value:

PV=FV/(1+i)^n, where

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According to this, the answer is that you will have to deposit today $19,870.39.

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3 years ago
On your way to a restaurant you notice a billboard advertising a local gym. There is a picture of a fit, young man and woman in
gregori [183]

Answer:

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Creative Advertising:

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