W5 A3 5 - 6

5. In November, the Universal Solutions Division of Keaffaber Corporation had average operating assets of $480,000 and net operating income of $46,200. The company uses residual income, with a minimum required rate of return of 11%, to evaluate the performance of its divisions. What was the Universal Solutions Division's residual income in November? A -$6600 B$5082 C$6600 D -$5082

6. Sunk costs are costs that have proven to be unproductive. True and False