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Perfect Products Provided the Following Selected Information About Its Consumer

question 111

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Perfect Products provided the following selected information about its consumer products division for the current year:
 Desired ROI 14% Net income $220,000 Residual income $15,000\begin{array} { | l | l r | } \hline \text { Desired ROI } & & 14 \% \\\hline \text { Net income } & \$ & 220,000 \\\hline \text { Residual income } & \$ & 15,000 \\\hline\end{array} Required:
Based on this information,calculate the company's investment amount.Round your answer to the nearest dollar.


Definitions:

Research and Development

The iterative process of systematic work aimed at increasing knowledge to develop new products or improve existing ones.

Multidomestic Strategy

A strategy in which operating decisions are decentralized to each country to enhance local responsiveness.

Transnational Strategy

A strategy that combines the benefits of global-scale efficiencies with the benefits of local responsiveness.

Inventory Decisions

Choices made by a company regarding the amount and type of inventory to keep on hand to meet customer demand while minimizing cost.

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