Plamba Corporation Had $250,000 in Invested Assets,sales of $490,000,income from Operations

question 95

Multiple Choice

Plamba Corporation had $250,000 in invested assets,sales of $490,000,income from operations amounting to $70,000,and a desired minimum rate of return of 15%.The residual income for Plamba is:

• A)$32,500.
• B)$10,500.
• C)$59,500.
• D)$37,500.

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Definitions:

ICD

The International Classification of Diseases, a system used by healthcare providers to classify and code all diagnoses, symptoms, and procedures.

Inferences

The process of drawing conclusions or making logical judgments based on evidence or reasoning.

Logical

Pertaining to or characterized by clear, sound reasoning.

Succinct

Characterized by clear, precise expression in few words; concise and to the point.