Concert Division reported a residual income of $200,000 for the year just ended. The division had $8,000,000 of invested capital and $1,000,000 of income. On the basis of this information, the imputed interest rate was:
A. 20.0%.
B. 2.5%.
C. 12.5%.
D. 10.0%.
E. None of the answers is correct.
Answer: D
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Murton Industries Murton Industries, Inc reported the following information on its recent balance sheet. Common stock, $10 par, 100,000 shares authorized, 75,000 shares issued and outstanding Refer to the information for Murton Industries. What is the effect of a 2-for-1 stock split if the market value of the common stock is $20 per share at the time the stock split is declared?
A) A stock split has no impact on any of the stockholders' equity account balances. B) Total stockholders' equity increases $750,000. C) Cash increases $750,000. D) $1,500,000 of retained earnings is transferred to the capital stock accounts.
?Apple has made a success from anticipating what consumers would want in new technological advances, convenience, and ease of use. The introduction of the iPad was an example of a _____ for Apple, something that an organization does extremely well and may give a company an advantage over its competition.
A. ?benchmark B. ?sustainable competitive advantage C. ?core competency D. ?strategic vision E. ?marketing opportunity
A classic and important example of strict scrutiny of classifications based upon race is the desegregation case of:
A) Board of Curators of the University of Missouri v. Horowitz. B) Silkwood v. Kerr-McGee Corporation. C) New York Times v. Sullivan. D) Brown v. Board of Education of Topeka.
Your current exam mean is 95. If you receive a 95 on the next exam, this will have the effect of
a.Increasing your mean b.Decreasing your mean c.Having no effect on your mean d.Cannot be determined