User Account

All Pages

Calculate the residual income for northern last year

Assignment Help Accounting Basics
Reference no: EM132182030

Question - The Southern Division of Smith Company had average operating assets totaling $670,000 last year. If the minimum required rate of return is 12%, and if last year's net operating income at Northern was $77,500, then calculate the residual income for Northern last year?

a. $2,900.

b. ($2,900).

c. $9,300.

d. ($9,300).

Reference no: EM132182030

Questions Cloud

Examples from personal experience : Provide examples from personal experience, if possible. Why are clarity and certainty necessary to each flow's proper function?
What is the amount of gain or loss on redemption : Bonds Payable has a balance of $11,376. If the issuing corporation redeems the bonds at 98, what is the amount of gain or loss on redemption
Show a persuasive argument for stance : Use examples where appropriate to help show a persuasive argument for your stance.
Constructive portion to manage here : If you avoid, the conflict will get worse. There appears to be no constructive portion to manage here. This conflict must be resolved.
Calculate the residual income for northern last year : The Southern Division of Smith Company had average operating assets totaling $670,000 last year. Calculate the residual income for Northern last year
Discuss three major audiences for which you will need : Compare and contrast the information that goes into the 3 types of documentation that you will deliver for each audience.
How can human resource management strategically contribute : How can human resource management strategically contribute to the organization's mission and vision on a daily basis?
Research business communications systems : Research business communications systems, and provide positions supported by research.
What is the amount accrued by the company : Medical Insurance deductions are $1500. Given these facts, what is the amount accrued by the company for salaries payable for the current period

Reviews

Write a Review

Accounting Basics Questions & Answers

  What is william tax liability without the ancg

William is single and has no dependents. Without considering his $18,000 adjusted net capital gain (ANC) his taxable income, which includes no investment income

  What is the balance in miller investment account

Miller corporation acquired 30% of the outstanding common stock of Crowell Corporation for $160,000 on January 1, 2016, and obtained significant influence.

  Discuss the ways a realistic budget will benefit the owner

discuss the ways a realistic budget will benefit the owner, Prepare a sales budget for the LABabycakesstore for the 4th quarter of 2016. Present the number

  Compute the residual income for each division

If performance is being measured by ROI, which division or divisions will probably accept the opportunity? Reject? Why

  How is average collection period computed

How is accounts receivable turnover computed? How is average collection period computed?

  Determining the Ace Mining net income

Consolidated Financial Statements Ace Mining Company (the parent) acquired 100% of the common stock of Alberta Development (the subsidiary) for $300,000.

  Questiongray amp greene company is a relatively small

questiongray amp greene company is a relatively small private company with annual sales of 25000000 on a total asset

  Prepare an absorption costing income statement of the

a. debits credits cash 48000 accounts rec. 224000 inventory 60000 buildings and equ. 370000 accounts payable 93000

  How should tony consolidated financial statement

How should Tony's consolidated financial statement reflect the value of the expensed computer programs

  Net present value method lo4 hamilton control systems will

net present value method lo4 hamilton control systems will invest 90000 in a temporary project that will generate the

  Lorge company bottles and distributes livit a diet soft

lorge company bottles and distributes livit a diet soft drink. the beverage is sold for 50 cents per 16-ounce bottle to

  Find the actual number of customers served

Strategy, balanced scorecard, merchandising operation. Gianni & Sons buys T-shirts in bulk, applies its own trendsetting silk-screen designs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd