Answer:
Residual income is $53,500
Explanation:
To compute residual income, we have to find first the required minimum return by multiplying the value of an asset by the rate of return. Afterwards, we will deduct the minimum rate of return from the total net operating income of the period.
Residual income = net operating income - (minimum rate of return x value of an asset)
• = $85,000 - ( 14% x $225,000 )
• = $85,000 - $31,500
• = $53,500 (answer)
Answer:
The correct answer is: grocery stores and other retail and wholesale sales, legal services and entertainment.
Explanation:
A Tertiary Industry includes businesses that offer services to consumers. Those services are wide-ranging and include <em>legal, banking, healthcare, schools, transportation </em>and <em>restaurants</em>. The tertiary industry is split into two main categories: the first features businesses that make money including those in the financial industry; the other comprised of non-profit services such as public education.
Answer:
$16,650
Explanation:
The computation for the market value of one contract is shown below:
= Size of the contract × current quoted price
where,
The Size of the contract is 50,000 lbs
and, the current quoted price is 0.333
So, the market value of one contract
= 50,000 lbs × 33.3 ÷ 100
= $16,650
hence, the market value of one contract is $16,650
It would be better when doing business .
