Chapter 22 Saved 12 Average Assets $6,000,000 22,100,000 13,100,000 13,800,000 N

Question

Chapter 22 Saved 12 Average Assets $6,000,000 22,100,000 13,100,000 13,800,000 Net Cameras and camcorders Phones and communications Computers and accessories 1,703,000 900,000 0.85 points Assume a target income of 13% of average invested assets. eBook Required: Compute residual income for each division. (Enter losses with a minus sign.) Print Computers and Phones and Camcorders CommunicationsAccessories Target Income return Target income Cameras and Camcorders Communications Phones and Computers a Residual Income Residual income (loss)

Explanation / Answer

Calculate residual income :

Cameras and camcorders Phones and communications Computers and accessories Average operating assets 22100000 13100000 13800000 Target return 13% 13% 13% Target income 2873000 1703000 1794000 Residual income Cameras and camcorders Phones and communications Computers and accessories Actual income 6000000 1703000 900000 Target income 2873000 1703000 1794000 Residual income 3127000 0 -894000

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