Question
Please show all work Determine the October 2014 ROI for an investment center with the following information: Assets at September 30, 2014 $20,000,000 Assets at
Please show all work
Determine the October 2014 ROI for an investment center with the following information:
Assets at September 30, 2014 | $20,000,000 |
Assets at October 31, 2014 | 22,000,000 |
Assets at October 15, 2014 | 18,595,000 |
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Operating income for the month ended October 31, 2014 | 5,200,000 |
Round percentage answer to two decimal places.
a. | 26.8 percent |
b. | 22.8 percent |
c. | 24.8 percent |
d. | 28.8 percent |
Determine the April 2014 residual income for an investment center with the following information:
Operating income for the month ended April 30, 2014 | $2,300,000 |
Assets at March 31, 2014 | 10,200,000 |
Assets at April 30, 2014 | 13,150,000 |
Desired ROI | 18% |
Actual ROI | 20% |
a. | $655,650 |
b. | $688,000 |
c. | $198,500 |
d. | $704,750 |
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