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pduvin pduvin
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6 years ago
A corporation has a required rate of return of 13% for all subsidiaries. The Calgary subsidiary earned residual income of $200,000 in year 1, and $300,000 in year 2 on an investment base of $4,500,000. What rate of return did the Calgary subsidiary earn in years 1 and 2 respectively?
A) 17.4% and 19.7%
B) 4.4% and 6.7%
C) 13.0% and 13.0%
D) 7.9% and 10.9%
E) 10.00% and 13.00%
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Cost Accounting: A Managerial Emphasis, Canadian Edition

Cost Accounting: A Managerial Emphasis, Canadian Edition


Edition: 7th
Authors:
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btpsandbtpsand
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pduvin Author
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6 years ago
Smart ... Thanks!
ky
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Yesterday
Thanks
Marctheshark
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2 hours ago
Good timing, thanks!
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