The Consumer Products Division of Goich Corporation had average operating assets of $1,450,000 and net operating income of $133,100 in May. The minimum required rate of return for performance evaluation purposes is 9%. What was the Consumer Products Division's residual income in May?

Answers

Answer 1

Answer:

Consumer Products Division's residual income in May is $2,600

Explanation:

Residual Income is the dollar amount of the divisional operating profit over its cost of acquiring capital to purchases its operating assets.

Residual Income = Operating Income - (Operating Assets × Cost of Capital)

Therefore,

Residual Income = $133,100 - ($1,450,000 × 9.00%)

                            = $2,600

Answer 2

Answer: 130,500

Explanation: Operating Assets / Performance Evaluation

1,450,000 / 0.09 = 130,500


Related Questions

The study of group __________ helps us to recognize the formation of a group and states how the group should be organized, lead and promoted. Fill in the blank.

Answers

Answer:

dynamics

Explanation:

Group dynamics is a term that is used in describing the formation and the actual nature or characteristics of a group in connection to every member of the group and or in relation to how the group interacts with other groups.

Hence, the study of group DYNAMICS helps us to recognize the formation of a group and states how the group should be organized, lead, and promoted.

When the Group of  dynamics may be a term that's utilized in describing the formation and also the actual nature or characteristics of a bunch in connection to each member of the group and or in respect to how the group interacts with other groups.

Dynamics

Hence, the study of social psychology that is Dynamics helps us to acknowledge the formation of a gaggle and states how the group should be organized, lead, and promoted.

Thus, the correct answer is Dynamics

Find out more information Dynamics here:

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ou decide to run a landing page experiment to test a new carousel which highlights your top performing products. Which two reports could you use to determine which products to highlight?

Answers

Answer:

Product Performance

E-Commerce Overview

Explanation:

Product Performance Report is the online instrument available to the consumers to interact with the product in the online market. It basically facilitates to record the performance of each product, as which is the maximum selling product or which the lowest selling product, etc:

E-commerce Overview report lays down the statistics of how many people actually visited to view the product vs. how many actually bought the product.

Accordingly both these tools shall help to highlight the products which perform the best. As both have the relevant data for the provided situation.

A firm's demand for labor is derived in part from Group of answer choices the value of the firm's stock price. the firm's sunk costs. consumer demand for the firm's product. worker preferences for jobs. the level of monthly union dues.

Answers

Answer:

consumer demand for the firm's product.

Explanation:

Derived demand is demand for a good or service as a result of the demand for another good and service. The demand for labour and factors of production is an example of a derived demand.

In order to produce a good or service, there is need for factors of production. Labour is one of the factors of production. Goods would only be produced as a result of people demanding for the good. If there is no demand for a good, firms would not produce the good and as a result there would be no need to demand for labour to help in producing the good

What activities are FBLA-PBL members most likely to participate in?

Answers

Answer:

FBLA-PBL members most likely to participate in business competitions and leadership conferences.

Answer:

leadership conferences

business competitions

Explanation:

X Company purchased land for cash from Y Company. Based on this information alone, the number of reporting entities is ______.

Answers

Answer:

2 (two)

Explanation:

Company X and Company Y are known as reporting entities because they have to prepare financial statements based on their transactions. Company X is the buyer and Company Y is the Seller.

Too much focus on your organizational vision can lead to missed opportunities. __________ helps keep the company focused on ideas from the external environment.

Answers

Answer:

Strategic management

Explanation:

Vision is a kind of future imagination that a company desires and serves as a parameter for measuring a progressive growth. However . it could lead to missed opportunities if it does not accommodate flexibility , and this is why strategic management comes to play .

Strategic management entails a business to develop strategies that will guide it towards the creation of values for all stakeholders. The strategies should be able to analyse the internal and external environment for best decisions towards business growth.

"A customer buys a Brokered CD for $100,000. Upon receipt of his next account statement, the customer sees that the market value of the CD is shown as $99,800. This would occur because:"

Answers

Answer:

market rates have increased

Explanation:

Bonds as well as brokered CDs are priced depending on the market's interest rates for similar investments. For example, the CD pays a 3% interest, and then the market rate increases to 3.1% (or more), the CD's price will decrease. On the other hand, if the market rates decrease to 2.9% (or less), the CD's price will increase.

Which is a steppingstone towards future education

A. A high school diploma
B. On the job training
C. Vocational courses
D. Technical courses

Answers

Answer:

a high school diploma or on the job training

Burt's company is in the process of developing what he feels is a complex and risky project. Burt has decided to use a development sequence in which functional areas consecutively complete their development tasks. That way each set of activities can be easily tracked. What type of development path is Burt using?

Answers

Answer: sequential

Explanation:

A Sequential product development is simply defined as a method used in designing and developing a product whereby every stage of the process will have to leads to the next stage as there won't be overlap.

Since we are informed that Burt has decided to use a development sequence in which functional areas consecutively complete their development tasks and that each set of activities can be easily tracked, it shows that the sequential development path is used.

On average, households in China save 40% of their annual income each year, whereas households in the United States save less than 5%. Production possibilities are growing at roughly 9% annually in China and 3.5% in the US. Use graphical analysis of "present goods" versus "future goods" to explain the differences in growth rates.

Answers

Answer:

According to economic theory, economic growth depends largely on the rate of investment in the economy, which in turn depends on the rate of saving, because all investments must be financed by previous savings.

China's average GDP growth is much higher than American GDP growth, and while there are many other reasons for this, the difference in the rate of savings of household incomes in the two countries are part of the explanation.

Chinese households save a much larger percentage of their income than American households, meaning that they rate of growth of loanable funds for investments in China is higher than in the U.S., which boosts Chinese economic growth.

A top performer routinely arrives late to work. When questioned, rather than providing an explanation, she just says that she'll take a shorter lunch hour. Because of her performance, her manager allows this behavior to continue. Which risk does the manager take by failing to apply policy consistently

Answers

Answer:

the manager risks legal enquiry for unjust dismissal of other employees for lateness as well.

Explanation:

Irrespective of an employee's performance, good or bad, a manager has to company policy regarding any misdemeanour should be meted out as at when due. This will ensure and give other employees the sense of responsibility to assume and resume as at when due and that no one in the organization is above the law.

Cheers

What significances do you attached to Tom Brady’ Answer ""I don’t believe I cheated ""?

Answers

Answer:

Tom Brady was an innocent man who does not cheated anyone in his life from his action.

Explanation:

The statement "I don't believe I cheated" is seen more complex statement. This statement has various meanings. In this statement it is said that Mr. Brady is innocent man based on his statement. He never cheated anyone in his life. He self believed that he never cheated anyone in his life.

Whatever the action Mr. Brady and his team has been taken was right because they did nothing wrong with any one with their actions. But on the other hand if we see this statement can be prove that someone is guilty who cheated. It is may be proven that the new actions of Brady is guilty, may be he cheated which is proven from his eyes.

Dr. Lifeson has taken a job consulting with Omega Inc. The managers at Omega want to know why employee morale is so low in their manufacturing division, and they want Dr. Lifeson to design the appropriate studies and collect the necessary data to answer that question. In which field is Dr. Lifeson most likely a specialist

Answers

Answer: Industrial/Organizational psychology.

Explanation:

Industrial or organizational psychologists are the people who use research methods and psychological principles to solve problems that occurs in the workplace and also help in improving quality of life.

They help in studying the productivity at workplace and working styles of both the management and employes. They also study company's morale and personality.

Jocko has a high school diploma and owns a corporation that nets over a million dollars a year. In view of this, what is the best description of Jocko based on middle-class standards?

Answers

Answer:

Jocko is status inconsistent because his level of education, which is not consistent with his rank in property and power.

Explanation:

Status inconsistency occurs when the social position has both negative and positive impact on his social status.

It occurs when an individual is socially respected in one way and not another. For example a teacher may earn small amount of money but he is respected in society as a learned person.

Status in insistence occurs as a result of profession, income, education and social circles.

In this scenario Jocko has a high school diploma and owns a corporation that nets over a million dollars a year.

His income makes him someone that is highly respected in society, however educationally he will not have as much respect because he only has a diploma.

Cultural convergence says that media companies will continue to produce messages for large audiences, but according to this view, audiences will more frequently receive what

Answers

Answer: Personalized messages which will be tailored to individual needs

Explanation:

Cultural convergence is a theory which simply implies that as two cultures interact together often, they will increasingly become somewhat similar as their arts, ideas, values will almost be thesame.

Cultural convergence says that media companies will continue to produce messages for large audiences, but according to this view, audiences will more frequently receive Personalized messages which will be tailored to individual needs.

Help me please please please

Answers

Answer:

1 ) $17.14

2) $41.8

3) $39.2

4) 12%

Explanation:

1-3) 100% is full. subtract the percent off by 100. For example #1 is 25%, we would 100% - 25% = 75%. then multiply the percentage by the price which is $22.85 x 0.75 = $17.14

same for the rest

4) use the formula

Discount = original price - selling price

$399 - $350 = $49

then use the formula

% = discount/original price multiply by 100%

$49/$399 which is 0.1228 then multiply it by 0.100 which is 12%

check your answer by 100 - 12 = 88 then 399*0.88 = 351.12

they round the price so it is $350

Tim, who works for Peachtree Realty, referred a buyer to a broker who works for Pinetop Realty. The referring agent is to receive 25%of buyer side commission when the transaction closes. The buyer purchased a $350,000 home, and the 7% commission was split as follows: listing brokerage, 2%; listing agent, 2%; buyer's brokerage, 1.5%; buyer's agent, 1.5%. How much was the referring agent paid

Answers

Answer:

$1,312.50

Explanation:

Calculation for How much was the referring agent paid

First step is to find the buyer agent amount by using the buyer's agent percentage to multiply the buyer purchased amount of the home

Using this formula

Buyer agent amount =Buyer's agent percentage× Home purchased amount

Let plug in the formula

Buyer agent amount=1.5%×$350,000

Buyer agent amount=$5,250

The last step is to find How much was the referring agent paid

Using this formula

Amount referring agent paid =Buyer agent amount× Percentage of buyer side commission

Let plug in the formula

Amount referring agent paid=$5,250×25%

Amount referring agent paid=$1,312.50

Therefore the amount that the referring agent paid will be $1,312.50

What should be done with equipment that is at the end of its life cycle and that is being donated to a charity?

Answers

Answer:

C. Sanitize it.

Explanation:

Devices should be sanitized to ensure they do not contain any confidential data before they hit the end of their life cycle. Erasing CDs and DVDs is one of the sanitation processes but other device components, such as disc drives, must also be assessed to ensure confidential information is not included.

Trying to remove software licences or implementing the original software is not generally necessary unless it's needed by the sanitization process of the organization.

hence, the correct option is C. sanitize it

When communicating significant deficiencies in internal control noted in a financial statement audit of a nonissuer, the communication should indicate that

Answers

Answer:

The report should state that the communication is intended solely for the use of management, those charged with governance, and others within the organization.

Explanation:

Such notice is important because it involves significant deficiencies in internal control which is the primary responsibility of management to handle.

For example, if an auditor reveals such information to those not charged with governance, and who are outside the organization he likely will face a backlash from the management.

A homeowner receives a tax bill that includes an amount for the police district, taxed at $2.50 per $1,000, and the fire protection district, taxed at $1.80 per $1,000. How much does the taxpayer have to pay for these two items if the property's taxable value is $77,000?

Answers

Answer:

$331.1

Explanation:

The property's taxable value are the financial worth attributed to a property by the tax authority , which serves as the basis on which tax returns are computed for such property.

Workings

Taxable value of the property = $77,000

Police district tax calculated at $2.5 per $1,000 = 77,000/1000*2.5 = 192.5

Fire protection district tax at $1.8 per $1,000 = 77,000/1000* 1.8 = 138.6

Tax liability due for payment = $331.1

Your client's investment portfolio is 50% growth stocks, 10% foreign stocks, and 40% blue-chip stocks. If the client is interested in further diversification, which mutual fund would best meet that goal

Answers

Your client's investment portfolio is 50% growth stocks, 10% foreign stocks and 40% blue chip stocks. If the client is interested in further diversification which mutual fund would best meet that goal? Aggressive growth fund. Emerging market fund.

Adam has $200 to spend and wants to buy either a new amplifier for his guitar or a new cell phone. Both the amplifier and the cell phone cost $200, so he can only buy one. This illustrates the basic concept that:

Answers

Answer:

people face trade offs

Explanation:

Because wants are unlimited and the resources used to satisfy those wants are limited, people have to face trade offs. these trades off are opportunity costs.

Opportunity cost or implicit is the cost of the option forgone when one alternative is chosen over other alternatives.

In this question, the wants are a cell phone or an amplifier. the resource is $200. If the amplifier is bought, the cell phone cannot be purchased. This is an example of a trade off

What’s the missing step in setting up a Recurring Transaction in QuickBooks Online? 1.­­­­­­______________ 2. Select New and select the transaction type 3. Fill in the template name and select whether it’s scheduled, unscheduled or a reminder 4. Finish filling out the template

Answers

Answer: d. Select the Gear icon then Recurring Transactions

Explanation:

Quickbooks is an accounting software/service that helps small to medium businesses with their accounting.

In Quickbooks one can create a recurring transaction for things such as expenses.

To do so the very first step would be to go to settings ( gear icon) and then under lists, click the Recurring Transactions button.

What refers to marketing via the Internet using company websites, online advertising and promotions, email marketing, online video, and blogs

Answers

Answer: Online marketing

Explanation:

Online marketing simply means marketing via the Internet using company websites, online advertising and promotions, email marketing, online video, and blogs.

It is also called internet marketing and through the internet, a brand or business can be promoted by using tools that will help the business drive leads, traffic, and sales.

On August 1 of Year 1, a company paid $1,200 cash in exchange for an insurance policy that protects the company from loss due to fire for a one year term. Based solely on this information, how will the December 31, Year 1 financial statements be affected

Answers

Answer:

The statement of cash flows will show $1,200 outflow from operating activities.

The balance sheet will show $700 of prepaid insurance.

The income statement will show $500 of insurance expense.

Explanation:

Solely based on the information given above, the financial statements of the firm will show an insurance expense under the heads of current year for an amount of $500; whereas, the financial statements will show prepaid expenses of $700 in the assets side of the balance sheet as on December 31.

What is the significance of financial statements?

Financial statements can be referred to or considered as statements that express the status of the financial position of a company on a given date during the financial year. It gets affected with one single transaction as well.

As per the accounting standards, an insurance expense for only the current year benefit, i.e., $500 will be recorded in the financial statements, whereas, the remaining amount of $700 will be forwarded to the next financial period as prepaid expenses.

Therefore, the significance regarding financial statements has been aforementioned.

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The Buy America Act specifies that government agencies must give preference to American products when putting contracts for equipment out for bid unless the foreign products have a significant advantage.

a. True
b. False

Answers

The correct answer is True

The president of Deal Corporation wrote to Boyd, offering to sell the Deal factory for $300,000. The offer was sent by Deal on June 5 and was received by Boyd on June 9. The offer stated it would remain open until December 20. The offer:

Answers

Answer:

is valid until December 20, but it can be revoked by Deal any time before that date unless Boyd has accepted it.

Explanation:

An offer can be revoked by the offeror at any time as long as the following two conditions exist:

the offeror notifies the offeree that the offer is being revokedthe offeree has not yet accepted the offer

What kind of life insurance policy pays a specified monthly income to a beneficiary for 30 years and then pays a lump sum benefit at the end of that 30 years

Answers

Answer:

Family Maintenance Policy

Explanation:

A family maintenance policy refers to the policy in which it generates the income for a beneficiary for the particular period of time after considering the death of the insured person

After maturing the given period, the insurer provides the money to the beneficiary i.e. equal to the face value of the policy

Therefore according to the given situation, it represents the  family maintenance policy

For the year ending December​ 31, 2018, Sparks Electric expects net cash provided by operations of ​, net cash used by investing activities of ​, and net cash provided by financing activities of . Sparks plans to spend to add a warehouse for its operations and pays in cash dividends. What is the amount of free cash​ flow?

Answers

Answer: C) $40,000

Explanation:

The free cash flow to a company is that amount of cash that it has generated from its operations that it can therefore use to purchase assets and pay off dividends.

Cash from operations = $328,000

Dividends = $31,000

Spending on warehouse (asset) = $257,000

Free cash flow = 328,000 - 257,000 - 31,000

= $40,000

Consider the equation for present value. if you wished to increase the present value of a future amount by changing only one variable, which of the following actions should you take?

a. increase the time period
b. decrease the future value
c. decrease the interest rate
d. this statement cannot be answered with the information provided

Answers

Answer:

C

Explanation:

The formula for calculating present value

= FV x (1 + r)^-n

FV = Future value  

P = Present value  

R = interest rate  

N = number of years  

To answer this question, let me illustrate with some examples

Scenario 1 :

FV = $100 r = 5% n = 1 PV = $95.24

Scenario 2 : increase the time period

FV = $100 r = 5% n = 2 PV = $90.70

Scenario 3 : decrease the interest rate

FV = $100 r = 4% n = 1 PV = $96.15

Scenario 4 : decrease the future value

FV = $90 r = 5% n = 1 PV = $85.71

We can see that it is in scenario 3 that the present value increased

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