The West Division of Cecchetti Corporation had average operating assets of $240,000 and net operating income of $42,200 in August. The minimum required rate of return for performance evaluation purposes is 19%.What was the West Division's minimum required return in August?

A. $53,618
B. $42,200
C. $45,600
D. $8,018


Answer: C

Business

You might also like to view...

Google introduced which of the following changes to its search algorithm to weed out low quality sites from search results?

A. Penguin B. Hummingbird C. Panda D. Knowledge Graph

Business

Accounts that appear in the balance sheet are often called temporary (nominal) accounts.

Answer the following statement true (T) or false (F)

Business

Truck jobbers are limited-service merchant wholesalers who would most likely handle which of the following?

A) building materials B) fruits and vegetables C) coal and lumber D) cosmetics E) magazines

Business

The proportion of world trade accounted for by Asia has ____ since 1980.

A. seen an overall decline B. increased by 20 percent C. increased fivefold D. almost doubled E. tripled

Business