Using the Information Below, Calculate the Residual Profit A) $24 000
B) $51 000
C) $48 000
D)

question 22

Multiple Choice

Using the information below, calculate the residual profit.
$$\begin{array} { l r } \text { Sales } & \$ 240000 \\\text { Operating profit } & \$ 60000 \\\text { Average operating assets } & \$ 80000 \\\text { Shareholders' equity } & \$ 60000 \\\text { Minimum required rate of return } & 15 \%\end{array}$$

• A) $24 000
• B) $51 000
• C) $48 000
• D) $60 000

---

Definitions:

Functional Team

A group of individuals with specific roles and expertise, working together towards a common business task or objective, typically within the same department or functional area.

Determinant

An element or factor that decisively affects the nature or outcome of something, often used in the context of identifying causal factors in various fields of study.

Trust and Cooperation

The relationship between individuals or groups characterized by mutual confidence and teamwork towards common goals.

Group Decision

A decision made collectively by two or more individuals in a group setting, usually involving discussion, negotiation, or consensus.