12 Inves Average Assets Cameras and cancorders Phones and communications Compute

Question

12 Inves Average Assets Cameras and cancorders Phones and communications Computers and accessories $4,900,088 2, 327,0e 800,000 20,800,000 17,980,0e0 18,400,e00 0.85 points Assume a target income of 13% of average invested assets. eBookRequired: Compute residual income for each division. (Enter losses with a minus sign.) Hint Print References Cameras a Camcorders Communications Accessories Target Income nd Phones and Computers and Targeted return Target income Residual Income Cameras and Phones and Computers and Camcorders Communications Accessories Residual income (loss)

Explanation / Answer

Compute residual income :

Target income Cameras and camcorders Phones and communications Computers and accessories Average operating assets 20000000 17900000 18400000 Targeted return 13% 13% 13% Target income 2600000 2327000 2392000 Residual income Cameras and camcorders Phones and communications Computers and accessories Actual income 4900000 2327000 800000 Target income 2600000 2327000 2392000 Residual income (loss) 2300000 0 -1592000

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