Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. howard has an roi of 25% based on revenues of $404

Howard has an ROi of 25% based on revenues of $404,000. The investment turnover is...

60.1K

Verified Solution

Question

Accounting

Howard has an ROi of 25% based on revenues of $404,000. The investment turnover is 2. What is the residual income if the cost of capital is 17%?

a. $101000 b. $68680 c. $16160 d. ($6160)

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

Lynbrook West, an apartment complex, has 100 two-bedroom units. The monthly profit (in dollars) realized from...

Basic Math
Q

3 Spanish colonizers drove out the Incas MAA

Biology
Q

A sphere of refractive index 2 is kept in a space whose centre is O...

Physics
Q

Senior management is responsible for the overall implementation of any HIT or HIS project implementation...

Basic Math
Q

If the probability of an event is 33/59 what is the probability of the event...

Statistics
Q

Spring An object suspended from a spring is oscillating up and down The distance from...

Algebra
Q

Solve the inequality algebraically x 7 9 20 List the intervals and sign in each...

Algebra
Q

The graph of the boundary equations for the system of inequalities is shown with the...

Algebra
Q

Generally, the budgeting process concludes with the preparation of the Select one: A. cash budget....

Accounting
Q

A cash budget, by quarters, is given below for a retail company (000 omitted). The...

Accounting
Q

Anne Sugar makes large ceramic pots for use in outdoor landscaping. She currently has two...

Accounting
Q

An investment of $10,000 provides average net cash flows of $500 with zero salvage value....

Accounting