The Following Information Pertains to Robert Company If Invested Capital Is Defined as Total Assets Minus Current

question 52

Multiple Choice

The following information pertains to Robert Company: $$\begin{array} { l r } \text { Total assets } & \$ 50,000 \\\text { Total current liabilities } & 10,000 \\\text { Total expenses } & 60,000 \\\text { Total liabilities } & 15,000 \\\text { Total revenues } & 80,000\end{array}$$ If invested capital is defined as total assets minus current liabilities, the residual income at an imputed interest rate of 20% is _____.

• A)$12,000
• B)$20,000
• C)$4,000
• D)$2,600

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Definitions:

Integrated Marketing Communications

Coordinating the promotion mix elements and synchronizing promotion as a unified effort.