The following information relates to the Corner Division of Hometown Enterprises: Income for the period just ended: $1,500,000 Invested capital: $12,000,000 If the company has an imputed interest rate of 11%, Corner's residual income would be:
A. $150,000
B. $165,000.
C. $180,000.
D. $187,500.
E. None of the answers is correct.
Answer: C
Business
You might also like to view...
A preferred stock with a $5 dividend rate, $100 face value, and $80 market value has a current yield of
A) 5.00%. B) 6.25%. C) 5.56%. D) 25.00%.
Business
Plant patents require which of the following elements?
a. Distinctiveness. b. Novelty.. c. Nonobviousness. d. All of these.
Business
Can a debtor be held liable for any of her debts that have been outlawed by the statute of limitations?
Business
What is mobile social network and how does it extend the reach of popular social networks?
What will be an ideal response?
Business