Residual income for Beck Co.'s Beam Division
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Question 20: (1 point)
The following selected data pertain to Beck Co.'s Beam Division for last year:
Sales $2,000,000
Variable expenses $780,000
Traceable fixed expenses $750,000
Average operating assets $420,000
Minimum required rate of return 20%
Note: the traceable fixed expenses do not include any interest expense.
How much is the residual income?
$393,500
$381,000
$398,000
$386,000
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