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Other Fields Homework Help Accounting Topic started by: bernie2981 on Nov 14, 2015



Title: The following data relates to Haven Corporation and its Northern Division.Light Bulb Division sales$
Post by: bernie2981 on Nov 14, 2015
The following data relates to Haven Corporation and its Northern Division.

Light Bulb Division sales   $8,500,000
Light Bulb Division operating income   $950,000
Light Bulb Division total assets    $4,000,000
Light Bulb Division current liabilities    $750,000
Corporate target rate of return   15%
Corporate weighted average cost of capital   10%

What is the Northern Division's Residual Income (RI)?
A) $950,000
B) $350,000
C) $400,000
D) $600,000


Title: Re: The following data relates to Haven Corporation and its Northern Division.Light Bulb Division sa
Post by: nuclei on Nov 21, 2015
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Title: Re: The following data relates to Haven Corporation and its Northern Division.Light Bulb Division sales$
Post by: bernie2981 on Dec 1, 2015
You're such a dedicated member, I very much appreciate the help.

Marking this solved ✓


Title: Re: The following data relates to Haven Corporation and its Northern Division.Light Bulb Division ...
Post by: Azad Aboobacker on May 29, 2020
Ok


Title: Re: The following data relates to Haven Corporation and its Northern Division.Light Bulb Division ...
Post by: Josh Lowry on Apr 12, 2021
Awesome