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What are the respective residual incomes for the North and South Divisions

What are the respective residual incomes for the North and South Divisions
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ACCOUNTING

Multiple Choice

The Bandage Medical Supply Company has two divisions that operate independently of one another. The financial data for the year 20x3 reported the following results:

 

                        North   South

            Sales    $3,000,000      $2,500,000

            Operating income        750,000           550,000

            Taxable income           650,000           375,000

            Investment      6,000,000        5,000,000

 

            The company's desired rate of return is 10%. Income is defined as operating income.

 

What are the respective residual incomes for the North and South Divisions?

            a.         $30,000 and $50,000

            b.         $150,000 and $30,000

            c.         $150,000 and $50,000

            d.         $50,000 and a negative $150,000

 

FILE: MS WORD

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