Reference: 12-01
the Following Information Is Available on Company A

question 57

Multiple Choice

Reference: 12-01
The following information is available on Company A: $$\begin{array} { | l | l | } \hline \text { Sales } & \$ 900,000 \\\hline \text { Net operating income } & 36,000 \\\hline \text { Stockholders' equity } & 100,000 \\\hline \text { Average operating assets } & 180,000 \\\hline \text { Minimum required rate of return } & 15 \% \\\hline\end{array}$$
-Company A's residual income is?

• A)$45,000.
• B)$9,000.
• C)$21,000.
• D)$24,000.

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Definitions:

Totalitarian Government

A form of government in which the state holds total authority over society and seeks to control all aspects of public and private life wherever possible.

Authoritarian Government

A system of governance where power is concentrated in the hands of a single ruler or a small elite, with limited political freedoms.

Political Scientists

Scholars who study the origin, development, and operation of political systems and public policy.

Digital Citizenship

The conscientious application of technology by individuals utilizing computers, the Internet, and digital gadgets to interact with the community at any capacity.