Register
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $5,100,000; investment center income $850,000; a target income of
135k views
3 votes
Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $5,100,000; investment center income $850,000; a target income of 12% of average invested assets. The residual income for the division is: Multiple Choice $1,462,000. $748,000. $714,000. $238,000. $952,000.

User Sam Hanes
by
4.9k points

1 Answer

6 votes

Answer:

$238,000

Step-by-step explanation:

Residual income= Net income-Equity return required

=$850,000-$5,100,000*12%

=$238,000

User TheKingOfAtlantis
by
5.7k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

5.8m questions

7.6m answers

Other Questions

_____ reminds customers and clients that they made a good choice in selecting a company with which to do business, or it reminds them of the good qualities of their purchase.​
Demonstrate how binomial nomenclature is related to classification systems by identifying the genus name and the specific name of the domestic cat felis catus
On august 1 the darius co. purchased a photocopy machine for $8,000. the estimated annual depreciation on the machine is $1,680. if the company prepares annual financial statements on december 31, the
When president obama was elected, the u.s. economy was in trouble, and has slid into a recession. consumer spending was low and getting worse. in an effort to stop the decline, president obama proposed
Ensuring that an individual is who they claim to be is the function of _____. select one: a. confidentiality b. authorization c. availability d. authentication e. nonrepudiation
Link Copied!