In the South Division of Occident Company, segment income for the most recent year exceeded residual income by $15,000 . Also, return on investment exceeded the target rate of return by 10%. What was the level of investment in the South Division for the most recent year?
a. $ 15,000
b. $100,000
c. $150,000
d. An answer can't be determined from this information.
C
$15,000/0.10 = $150,000
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