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Sylva company had sales of 500000 variable costs of 240000

Question - Sylva Company had sales of $500,000, variable costs of $240,000, and direct fixed costs totaling $120,000. The company's operating assets total $960,000, and its required return is 12%. How much is the residual income?

a. $ 24,800

b. $115,200

c. $140,000

d. $320,000

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Accounting Basics: Sylva company had sales of 500000 variable costs of 240000

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Accounting Basics: Sylva company had sales of 500000 variable costs of 240000

Reference No:- TGS02592918

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