The Consumer Products Division of Mickolick Corporation Had Average Operating

question 67

Multiple Choice

The Consumer Products Division of Mickolick Corporation had average operating assets of $450,000 and net operating income of $38,700 in August. The minimum required rate of return for performance evaluation purposes is 10%. What was the Consumer Products Division's minimum required return in August?

• A)$3,870
• B)$38,700
• C)$48,870
• D)$45,000

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Definitions:

Authoritarian

A governing or parental style characterized by strict obedience to authority, at the expense of personal freedom.

Reactive Aggression

Aggressive behavior that is displayed in response to a perceived threat or provocation, often impulsive and without premeditation.

Bullying

Aggressive, unwanted behavior among school-aged children that involves a real or perceived power imbalance.

Concern

The feeling of worry, interest, or care about someone or something.