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Pine Corp. has revenues of $580,000 resulting in an operating income of $91,640. Invested assets total $698,000. Residual income is $22,000. Calculate the new residual
Pine Corp. has revenues of $580,000 resulting in an operating income of $91,640. Invested assets total $698,000. Residual income is $22,000. Calculate the new residual income if sales increase by 10% and the profit margin and invested assets remain the same. (Do not round your intermediate calculations.) Multiple Choice ces $31,164 $11,004 $o $69,640 Holiday Corp. has two divisions, Quail and Marlin, Quail produces a widget that Marlin could use in its production. Quail's variable costs are $5.70 per widget while the full cost is $8.70. Widgets sell on the open market for $15.40 each. If Quail has excess capacity, what would be the cost savings if the transfer were made and Marlin currently is purchasing 185,000 units on the open market? Multiple Choice $1,794,500 $2,849.000 $1,609.500 $0
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