The Nashville Division of Country Classics currently reports a profit of $3.6 million. Divisional invested capital totals $9.5 million; the imputed interest rate is 12%. On the basis of this information, Nashville's residual income is:
A. $1,140,000.
B. $432,000.
C. $2,460,000.
D. $708,000.
E. None of the answers is correct.
Answer: C
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A percentage of the invoice value of the product is known as ________________ duty.
Fill in the blank(s) with the appropriate word(s).
An analysis of the accounts disclosed the following transactions: 1 . production machinery was purchased for $4,500 cash; 2 . $10,000 was borrowed on a long-term note; 3 . 1,000 shares of $5 par value common stock were issued at par for cash; 4 . cash dividends of $2,000 were paid; 5 . an investment was sold for $23,000; 6 . $50,000 in bonds were retired at maturity at face value; 7 . a plant
asset was sold for $4,500 (at book value). The net cash provided from financing activities was a: a. $35,000 decrease. b. $14,000 decrease. c. $23,000 increase. d. $14,000 decrease. e. $37,000 decrease.
The deontological and humanist theories of ethical thought are similar in that both theories ________
A) take the view that human beings have valuable inherent traits B) apply principles of rule utilitarianism to determine ethical choices C) apply the categorical imperative to ethical decision making D) focus on consequences instead of actions or intentions
Which of the following statements about correlative conjunctions is inaccurate?
A) Correlative conjunctions join unequal sentence elements. B) When greater emphasis is desired, correlative conjunctions are used instead of coordinating conjunctions. C) Correlative conjunctions are always used in pairs.