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Author Question: Care Inc., has two divisions that operate independently of one another. The financial data for the ... (Read 64 times)

mia

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on: Mar 6, 2021
Care Inc., has two divisions that operate independently of one another. The financial data for the year 2015 reported the following results:

NorthSouth
Sales$6,000,000$5,000,000
Operating income1,900,0001,800,000
Taxable income1,500,000800,000
Investment14,000,00011,000,000

The company's desired rate of return is 10%. Income is defined as operating income.
What are the respective residual incomes for the North and South Divisions?
◦ $60,000 and $100,000
◦ $300,000 and $60,000
◦ $300,000 and $100,000
◦ $500,000 and $700,000
Horngren's Cost Accounting: A Managerial Emphasis ¦ Datar, Rajan ¦ 16th Edition
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Marked as best answer by mia on Mar 6, 2021

emily12345

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Reply #1 on: Mar 6, 2021
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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mia

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Reply 2 on: Mar 6, 2021
YES! Correct, THANKS for helping me on my review

hollysheppard095

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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