Determine the April 2014 residual income for an investment center with the following information: Operating income for the month ended April 30, 2014 $2,300,000 Assets at March 31, 2014 10,200,000 Assets at April 30, 2014 13,150,000 Desired ROI 18% Actual ROI 20%
A) $655,650
B) $688,000
C) $198,500
D) $704,750
C
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While negotiating, a compromiser gives up less than a competing person but more than an accommodating person.
Answer the following statement true (T) or false (F)
Which of the following statements regarding leases is false?
a. Lease agreements are a popular form of financing the purchase of assets because leases do not require a large initial outlay of cash. b. Accounting recognizes two types of leases—operating and capital leases. c. If a lessor classifies a lease as a capital lease, then the lessee records a lease liability on its balance sheet. d. If a lease is classified as an operating lease, the lessee records a lease liability on its balance sheet.
Computer packages like SPSS, SAS, EXCEL, and MINITAB can be programmed to identify out-of-range values for each variable and print related code information to make it easy to check each variable systematically for out-of-range values
Indicate whether the statement is true or false
A promissory note and a security agreement
A) must go together on any consumer loan. B) are actually the same thing one is used with a credit card while the other applies to a cash loan. C) are different the promissory note shows details of the loan while the security agreement gives the creditor an interest in the collateral supporting the loan. D) are part of the loan agreement the borrower gives a promissory note and in return receives a security.