Solved: How much is the residual income, Accounting Basics

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How much is the residual income

The given selected data pertain to Beck Co.'s Beam Division for last year:

Sales $2,000,000
Variable expenses $780,000
Traceable fixed expenses $750,000
Average operating assets $420,000
Minimum required rate of return 20%

Note: the traceable fixed expenses do not include any interest expense.

How much is the residual income?

$393,500
$381,000
$398,000
$386,000

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Accounting Basics: How much is the residual income

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