Determine the April 20xx residual income for an investment center with the following information: Operating income for the month ended April 30, 20xx $14,900,000 Assets at March 31, 20xx 10,200,000 Assets at April 30, 20xx 13,150,000 Desired ROI 49% Actual ROI 60%
a. $8,456,500
b. $8,780,000
c. $9,179,250
d. $8,945,750
C
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Which of the following statements is true?
a. Only the effects of internal transactions must be recognized and recorded in the entity's accounting system. b. An internal event is a transaction between an entity and its environment. c. Not all recognizable events are supported by a standard source document. d. Only the effects of external events must be recognized, measured, and recorded in an entity's accounting system.
Which of the following methods of sales forecasting is most likely to be used to predict the economic performance of a country?
A) executive opinion B) Delphi method C) econometric models D) moving average
The idea behind ________ is that adults who indicate an intent to be bound by contracts entered while still minors should be bound to those contracts and denied the right to disaffirm thereafter.
A. emancipation B. ratification C. forbearance D. disaffirmance
Robert, a sales representative for JBR International, is giving a group sales presentation. Robert has gone through the opening steps of establishing the credibility of JBR. What should Robert most likely do next?
A. Provide an overview of the firm's growth B. Summarize the short-term and long-term benefits of the product C. Discuss the price for implementing the proposal D. Gather input about the criteria for making a purchase E. Use visual aids to discuss proposal specifics