Quiz Ch 23_ 1909_AC202_D2 Accounting Principles II (Managerial).pdf - Quiz Ch 23 1909_AC202_D2 Accounting Principles II(Managerial Quiz Ch 23 Due Nov 27

Quiz Ch 23_ 1909_AC202_D2 Accounting Principles II (Managerial).pdf

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11/30/2019 Quiz Ch 23: 1909_AC202_D2 Accounting Principles II (Managerial) 1/6 Quiz Ch 23 Due Nov 27 at 11:59pm Points 20 Questions 10 Available until Nov 27 at 11:59pm Time Limit 45 Minutes Allowed Attempts 2 Instructions This quiz was locked Nov 27 at 11:59pm. Attempt History Attempt Time Score LATEST Attempt 1 13 minutes 20 out of 20 Answers will be shown after your last attempt Score for this attempt: 20 out of 20 Submitted Nov 27 at 10:27pm This attempt took 13 minutes. This quiz will cover Chapter 23. This quiz will consist of 10 questions worth 2 points each for a total of 20 points. No makeup quizzes will be allowed, nor will late quizzes be accepted. You will be allowed 2 attempts and 45 minutes and highest grade will be counted. Questions will shown one at a time and locked after answering. Answers will be released after the quiz due date. 2 / 2 pts Question 1 Lew Co. had sales of $400,000, variable costs of $200,000, and direct fixed costs totaling $100,000. The company's operating assets total $800,000, and its required return is 10%. How much is the residual income?
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