![ellisc7044](/avatars/31034.jpg)
ellisc7044
07.04.2020 •
Business
Juniper Design Ltd. of Manchester, England, is a company specializing in providing design services to residential developers. Last year, the company had net operating income of $410,000 on sales of $2,100,000. The company’s average operating assets for the year were $2,300,000 and its minimum required rate of return was 16%.Required:a.Compute the company’s residual income for the year.b.Average Operating Assets-c.Net Operating Income-d.Minimum required return-e.residual income-
Solved
Show answers
More tips
- H Health and Medicine AKDS Vaccination: Ensure Your Child s Safety...
- H Health and Medicine Naskol ko Opasen Ukus Kleshcha i Kak Ego Raspoznat...
- H Health and Medicine 10 Ways to Cleanse Your Colon and Improve Your Health...
- D Dating, Love, Relationships How to Overcome Jealousy: Tips and Tricks...
- H Health and Medicine Angina: Causes, Symptoms, and Treatment...
- C Computers and Internet How to Learn to Type Fast?...
- F Food and Cooking Delight for Gourmets: How to Prepare Liver Pate...
- S Style and Beauty How to braid friendship bracelets?...
- H Health and Medicine Mercury Thermometer Danger: What to do when a thermometer breaks?...
- F Food and Cooking Which Calamari Salad is the Most Delicious?...
Answers on questions: Business
- S Spanish Can someone please write a summary about Spain for me? It has to be at least two paragraphs long. It would really help me out, thank you!...
- M Mathematics Is Dana school closes a phone tree is used contact each students family the secretary calls three families then each family calls 3 other families and so on, how many families will...
- H Health Which area of the physical activity pyramid can be most easily incorporated into an individuals every day activities...
- B Business How many of the hockey team payrolls exceeded $20 million (Note: Assume that no payroll was exactly $20 million)...
Ответ:
a, Residual income = $48,000
b, Average Operating Assets = $2,300,000
c, Net Operating Income = $410,000
d, Minimum required return = 16%
Explanation:
Given that:
Net operating income: $410,000Sales: $2,100,000.Required rate of return: 16% = 0.16Average operating assets: $2,300,000a, As we know that, residual income for the year is calculated as:
Residual income = Net operating income - Imputed cost of capital
<=> Residual income = $410,000 - 16% x 2,300,000
<=> Residual income = $42,000
b, Average Operating Assets = $2,300,000
c, Net Operating Income = $410,000
d, Minimum required return = 16%
Ответ:
s is my answer hope it helps
Explanation: