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What is residual income on these facts? ...

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Question

Accounting

What is residual income on these facts?

Return on investment (ROI)

20%

Sales

$400,000

Margin

5%

Minimum required rate of return......

16%

Group of answer choices

$ 20,000

$ 4,000

$10,000

$16,000

$ 8,000

Answer & Explanation Solved by verified expert
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