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The following data are available for the South Division of Redride Products, Inc. and the single product it makes: Unit selling price $28 Variable cost

The following data are available for the South Division of Redride Products, Inc. and the single product it makes:

Unit selling price $28
Variable cost per unit $14.00
Annual fixed costs $291,200
Average operating assets $1,900,000

If South wants a residual income of $52,000 and the minimum required rate of return is 11.00%, the annual turnover will have to be (Round your intermediate calculations and final answer to 2 decimal places):

0.58

0.29

0.29

1.72

Chace Products is a division of a major corporation. Last year the division had total sales of $22,800,000, net operating income of $582,600, and average operating assets of $5,750,000. The company's minimum required rate of return is 12.00%.

The division's residual income is closest to:

$582,600

$1,272,600

$(2,153,400)

$(107,400)

The West Division of Shekarchi Corporation had average operating assets of $657,000 and net operating income of $84,500 in March. The minimum required rate of return for performance evaluation purposes is 14%. What was the West Division's residual income in March?

-$7,480

$11,830

-$11,830

$7,480

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