Which of the following is the correct formula to compute residual income?
A) Average operating assets - Net operating income
B) Average operating assets - (Net operating income x Minimum required rate of return)
C) Net operating income x Minimum required rate of return
D) Net operating income - (Average operating assets x Minimum required rate of return)
D
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A(n) ________ is considered a less serious crime than a felony and is not inherently evil but prohibited by society
A) indictable offence B) violation C) felony D) misdemeanor
Business presentations can significantly reduce message distortion and misunderstanding because the audience is able to provide immediate feedback
Indicate whether the statement is true or false
In considering types of service delivery systems, the “face-to-face: total customization" approach leads to ______.
a. high degree of customer interaction b. high production efficiency c. high degree of regulatory compliance d. poor speed in obtaining customer feedback
Schriever Corporation is an oil well service company that measures its output by the number of wells serviced. The company has provided the following fixed and variable cost estimates that it uses for budgeting purposes. Fixed element per monthVariable Element per Well ServicedRevenue $4,500Employee salaries and wages$57,200 $1,100Servicing materials $600Other expenses$31,000 ?The planning budget for May was based on 36 wells serviced, but a total of 31 wells were actually serviced in May.?The activity variance for net operating income for May would have been closest to:
A. $14,000 U B. $9,800 U C. $14,000 F D. $9,800 F