Quincy Corp. earned controllable margin of $ 500,000 on sales of $ 6,400,000. The division had average operating assets of $ 5,200,000. The company requires a return on investment of at least 8 %. How much is residual income? =================================================== ACC 556 Final Part 2( 100 % Correct Answers)
Question 23
If the board of directors authorizes a $ 100,000 restriction of retained earnings for a future plant expansion, the effect of this action is to Question 24
Which one of the following items is not necessary in preparing a statement of cash flows? Question 25
Quincy Corp. earned controllable margin of $ 500,000 on sales of $ 6,400,000. The division had average operating assets of $ 5,200,000. The company requires a return on investment of at least 8 %. How much is residual income? =================================================== ACC 556 Final Part 2( 100 % Correct Answers)
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Final Part 2 Question 1
A manager of a cost center is evaluated mainly on Question 2
Bogey Co. recorded operating data for its Cheap division for the year. Bogey requires its return to be 10 %.
Sales |
$ 1,400,000 |
Controllable margin |
160,000 |
Total average assets |
4,000,000 |