Joseph Company Reported the Following Information for the Current Year

question 37

Multiple Choice

Joseph Company reported the following information for the current year: The company's operating income was:
$$\begin{array} { |l | r| } \hline\text { Sales } & \$ 787,000 \\\hline \text { Average Operating Assets } & \$ 375,000 \\\hline \text { Desired ROI } & 12 \% \\\hline\text { Residual Income } & \$ 11,250 \\\hline\end{array}$$

• A)$94,440.
• B)$56,250.
• C)$45,000.
• D)$33,750.

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Definitions:

Paying Attention

The process of focusing cognitive resources on a specific aspect of the environment while ignoring other perceivable information.

Organised

Having one's thoughts, actions, and possessions in order so as to operate efficiently and effectively.

Wernicke's Area

A region of the brain important for language development, located in the temporal lobe, responsible for the comprehension of speech.

Pituitary Gland

A small, pea-sized gland located at the base of the brain, considered the master gland because it produces hormones that regulate many functions of other endocrine glands.