Holo Company reported the following financial numbers for one of its divisions for the year; average total assets of $5,800,000; sales of $5,375,000; cost of goods sold of $3,225,000; and operating expenses of $1,147,000. Assume a target income of 15% of average invested assets. Compute residual income for the division:
A. $150,450.
B. $100,300.
C. $196,750.
D. $150,500.
E. $133,000.
Answer: E
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On January 2, 2014 the board of directors of Moorehaven Mining Corporation declared a cash dividend of $1,200,000 to stockholders of record on January 18, 2014, and payable on February 10, 2014 . The dividend is permissible by law in Moorehaven's state of incorporation. Selected data from Moorehaven's December 31 . 2013 . balance sheet follow: Accumulated depletion
................................. $ 200,000 Capital stock ......................................... 1,100,000 Additional paid-in capital ............................ 800,000 Retained earnings ..................................... 500,000 The $1,200,000 dividend includes a liquidating dividend of a. $800,000. b. $700,000. c. $600,000. d. $200,000.
Office Max's "Elf Yourself" campaign is an example of
A) a successful in-store coupon program. B) a traditional advertising strategy. C) an unsuccessful MPR effort. D) a personal selling tactic. E) viral marketing.
The budget procedure that requires all levels of management to start from zero in estimating sales, production, and other operating data is called zero-based budgeting
Indicate whether the statement is true or false
Why did management in less developed countries traditionally not put a lot of energy into training women ?
a. Women don’t have the same skills as men therefore they required more investment in education b. Women were expected to stay at home and take care of the family, if they did work it was considered temporary until they started raising a family c. Women in the workplace were distracting and it’s slow down productivity d. Women had higher demands and needed special accommodations