5e sol10-03 - Ever-Tent KiddieKamp Projects Status Quo...

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Cost Management Hansen and Mowen Ex 10-3 Name: SOLUTION Enter the appropriate amounts in the shaded cells in columns D, F, H, and J. 1) Residual Income Ever-Tent KiddieKamp Operating income $55,000 $38,000 Less: Minimum income* 45,000 36,000 Residual Income $10,000 $2,000 2) Add Add Add Both Maintain Residual Income
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Unformatted text preview: Ever-Tent KiddieKamp Projects Status Quo Operating income $1,055,000 $1,038,000 $1,093,000 $1,000,000 Less: Minimum income* 945,000 936,000 981,000 900,000 Residual Income $110,000 $102,000 $112,000 $100,000 * Minimum income = Operating assets x Minimum required rate of return...
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This note was uploaded on 11/05/2009 for the course BUS ACC202 taught by Professor Achillies during the Spring '09 term at NC Wesleyan.

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