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Please answer through 15 to 19. QUESTION 17 A responsibilly center in which the department manager has responsibility for and authority over revenues and costs
Please answer through 15 to 19.
QUESTION 17 A responsibilly center in which the department manager has responsibility for and authority over revenues and costs is a: a. cost center b. investment center C. volume center d. profit center QUESTION 18 ABC Company has $495,000 invested in assets, sales of $660,000, income from operations amounting to $98,000, and a desired minimum rate of return of 15%. The rate of return on investment (ROI) for ABC Company is: a. 16% b. 20% c. 15% d. 18% QUESTION 19 True Corporation has $1,000,000 in invested assets, sales of $550,000, income from operations amounting to $175,000, and a desired minimum rate of return of 15%. The residual income for True Corporation is: a. 50,000 b. $25,000 c. 15,000 d. $150,000 Step by Step Solution
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