Question
What is residual income on these facts? Return on investment (ROI) 20% Sales $800,000 Margin 5% Minimum required rate of return...... 16% Group of answer
What is residual income on these facts?
|
| Return on investment (ROI) | 20% |
|
| Sales | $800,000 |
|
| Margin | 5% |
|
| Minimum required rate of return...... | 16% |
Group of answer choices
a. $ 8,000
b. $10,000
c. $32,000
d. $ 6,000
e. $ 40,000
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Intermediate Accounting Volume 1
Authors: Thomas H. Beechy, Joan E. Conrod, Elizabeth Farrell, Ingrid McLeod-Dick, Kayla Tomulka, Romi-Lee Sevel
8th Edition
1260881237, 9781260881233
