FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

14. oriole company had sales of $660000... Oriole Company had sales of $660000, variable costs of $460000, and direct fixed costs totaling $100000. The company's

14. oriole company had sales of $660000...
image text in transcribed
Oriole Company had sales of $660000, variable costs of $460000, and direct fixed costs totaling $100000. The company's average operating assets total $740000 and its required return is 10%. What is the company's residual income? $586000$26000$74000$386000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting

Intermediate Accounting

Authors: kieso, weygandt and warfield.

14th Edition

9780470587232, 470587288, 470587237, 978-0470587287

More Books

Students also viewed these Accounting questions

Question

★★★★★
Shirley Sixpack is in the habit of drinking beer each evening while watching The Best of Bowlerama on TV. She has a strong thumb and a big refrigerator, so she doesnt care about the size of the cans...

Answered: 1 week ago

Question

★★★★★
1. Were you precise in using facts and figures wherever possible?

Answered: 1 week ago

Question

★★★★★
You were recently hired as the assistant treasurer for Victor, Inc. Yesterday, the treasurer was injured in a bicycle accident and is now hospitalized, unconscious. Your boss, Mr. Fernandes, just...

Answered: 1 week ago

Question

★★★★★
14. oriole company had sales of $660000... Oriole Company had sales of $660000, variable costs of $460000, and direct fixed costs totaling $100000. The company's average operating assets total...

Answered: 1 week ago

Question

★★★★★
8. Your coin collection contains ten silver dollars referring to year 1949. If your grandparents purchased the coins for their face value when they were new, how much will your collection be worth...

Answered: 1 week ago

Question

★★★★★
Investigate a case where a seemingly stable numerical algorithm becomes numerically unstable under certain conditions. Explain why this occurs and propose modifications to improve its stability.

Answered: 1 week ago

Question

★★★★★
In conducting a stakeholder analysis, why is it important not only to identify those who will gain from the project's success, but also those who may gain from its failure? What is the purpose of...

Answered: 1 week ago

Question

★★★★★
Can you please provide an in-depth overview of the article strategy under uncertainty

Answered: 1 week ago

Question

★★★★★
Beginning inventory is $ 2 1 0 , 0 0 0 , purchases are $ 2 5 5 , 0 0 0 and sales total $ 4 2 0 , 0 0 0 . The normal gross profit percentage is 4 0 % . Estimate ending inventory using the gross profit...

Answered: 1 week ago

Question

★★★★★
Question 2 (2 points) Saved What is the purpose of a speech that invites audience members to do something they have not done before? A) discontinuance B) adoption C) continuance D) reinforcement B

Answered: 1 week ago

Question

★★★★★
C Construct a conversation that allows for relationship repair (based on the decision that you make regarding your independence). What might that conversation be like? What communication skills could...

Answered: 1 week ago

Question

★★★★★
Have you ever been able to restore a relationship that you thought was irreparably damaged? Have you ever ended a relationship but secretly believed that you would repair it at some point in the...

Answered: 1 week ago

Question

★★★★★
Do you post any personal information on social networking sites? What kind of information are you willing to reveal? What kind of information do you consider too private to share in mediated contexts?

Answered: 1 week ago

Previous Question Next Question