Bungert Inc The Company's Minimum Required Rate of Return Is 12% and \begin{array}{lr}
\text

question 113

Multiple Choice

Bungert Inc. reported the following results from last year's operations: $\begin{array}{lr}\text { Sales } & \$ 15,200,000 \\\text { Variable expenses } & 9,470,000 \\\text { Contribution margin } & 5,730,000 \\\text { Fixed expenses } & 4,818,000 \\\text { Net operating income } & \$ \quad 912,000 \\\end{array}$ The company's minimum required rate of return is 12% and its average operating assets were $8,000,000. Last year's residual income was closest to:

• A) $912,000
• B) ($48,000)
• C) $992,000
• D) ($972,800)

---

Definitions:

Municipal Solid Waste

Municipal solid waste refers to the everyday garbage or trash produced by households, businesses, and institutions within a municipality.

Hazardous Wastes

Materials that pose potential risks to public health or the environment due to their toxic, corrosive, or flammable properties, requiring special disposal methods.

Perpetual Storage

the concept of storing something indefinitely, often used in the context of waste management or carbon sequestration.

Incineration

The process of burning waste materials to reduce their volume and mass and sometimes to generate energy, though it can produce harmful emissions.