Compute the Average Assets Invested for the Hi Ho Investment

question 2

Multiple Choice

Compute the average assets invested for the Hi Ho investment center as shown below. $\begin{array}{lr} & \text { Hi Ho Subsidiary } \\\text { Total sales } & \$ 20,000 \\\text { Operating income } & \$ 5,000 \\\text { Beginning assets invested } & \$ 14,000 \\\text { Ending assets invested } & \$ 14,600 \\\text { Average assets invested } & \$ ? \\\text { Desired ROI } & 25 \% \\\text { Residual income } & \$ ?\end{array}$

• A) $14,400
• B) $14,450
• C) $14,350
• D) $14,300

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Definitions:

Work Accomplished

The actual progress or achievements made on a project or task, often measured against planned objectives.

Scope Of Work

A detailed document or section of a document that outlines all aspects of what needs to be accomplished in a project.

Technical Expertise

The specialized knowledge, skills, and abilities in a specific field or technology required to perform complex tasks effectively.

Analytical Skills

The ability to systematically examine information or data and draw conclusions, crucial for problem-solving, decision-making, and evaluating outcomes in various contexts.