Sousa Corporation Provides the Following Financial Information Calculate the Residual Income of Sousa Corporation

question 242

Multiple Choice

Sousa Corporation provides the following financial information: $$\begin{array} { | l | r | } \hline \text { Minimum acceptable operating income } & \$ 560,000 \\\hline \text { Average total assets } & \$ 2,000,000 \\\hline \text { Operating income } & \$ 715,000 \\\hline \text { Return on investment } & 36 \% \\\hline \text { Net sales } & \$ 850,000 \\\hline\end{array}$$ Calculate the residual income of Sousa Corporation.

• A) $1,440,000
• B) $290,000
• C) $155,000
• D) $554,125

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Definitions:

Asymmetric Carbon

A carbon atom bonded to four different groups, leading to molecules with chirality and the possibility of existing as enantiomers.

Solvolysis Reaction

A chemical reaction in which the solvent plays the role of one of the reactants, typically involving the cleavage of a bond and the addition of a solvent molecule.

Alkyl Chlorides

Organic compounds where a chlorine atom has replaced one hydrogen atom in an alkane, creating a haloalkane.

Rearrangement

A type of chemical reaction in which the structure of a molecule is rearranged to form a new molecule without the removal or addition of elements.