The Consumer Products Division's residual income in May is $1,300
<h3>What is residual income?</h3>
Residual income is the amount of money an individual or business has remaining after paying all expenses.
Given that:
Net operating income
= $81,300
Average operating assets
= $800,000
Minimum required return
= Average operating assets * Rate of return
= $800,000 * 10%
= $80,000
Residual income
= Net operating income - Minimum required return
= $81,300 - $80,000
= $1,300
Hence, the Consumer Products Division's residual income in May is $1,300
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Answer:
a. retained earnings was overstated and liabilities were understated.
Explanation:
Since in the cash dividend is declared also the same is not recorded by the company
So this error would impact the two account i.e. retained earnings and the liabilities
In this, the retained earning is overstated and the liabilities were understated
Therefore the correct option is a.
And, the rest of the options are wrong
Answer:
Compensation objectives shape pay policies.
Explanation:
Compensation management software can simplify planning processes to help you achieve all of the objectives listed above without overburdening HR. In addition, you can tailor it to your organization to prioritize the objectives that are most important to you.
The idea is to pay your employees fairly while staying in line with the company budget. However, understanding the ways in which compensation management affects business outcomes can help you leverage your compensation plan to achieve better results for your company.
Answer:
The purpose of this is to increase economic stability.
Answer:
B. each customer's reservation price.
Explanation:
Reservation price is the highest amount a buyer would be willing to pay for a good or service.
I hope my answer helps you
