Joseph Company reported the following information for the current year:    Sales$800,000? Average operating assets$388,000? Desired ROI 13?%Residual income$11,900? The company's operating income was:

A. $38,540.
B. $62,340.
C. $104,000.
D. $50,440.


Answer: B

Business

You might also like to view...

Which of the following account groups are all considered nominal accounts?

A) Cash, Fees Earned, Unearned Revenues B) Prepaid Expenses, Unearned Revenues, Fees Earned C) Capital Account, Drawing Account, Income Summary D) Drawing Account, Fees Earned, Rent Expense

Business

Walking trails will be constructed to connect all the facilities. In order to preserve the natural beauty of the camp (and to minimize the construction time and cost), the directors want to determine which paths should be constructed

What is the minimum number of paths (in tens of yards) that must be built to connect each facility? A) 54 B) 56 C) 60 D) 65

Business

Suppose that the right-hand-side value of a given binding constraint is increased by one unit and within the lower and upper limit

Instead of rerunning the solution, the decision maker can simply check the shadow price to know the exact change of the objective function. a. True b. False

Business

Corporate venture capital funds are subsidiaries of financial institutions, particularly banks, set up to help young firms grow and, it is hoped, become major customers of the institutions

Indicate whether the statement is true or false

Business