Please select the correct answers. 1) Georgetown Berbice Income before tax. 20,000 75,000 Required rate of return. 12% 12% Investment 100,000 500,000 Calculate the residual income for Georgetown a.1,500 b.15,000 c.8,000 d.150,000
Please select the correct answers. 1) Georgetown Berbice Income before tax. 20,000 75,000 Required rate of return. 12% 12% Investment 100,000 500,000 Calculate the residual income for Georgetown a.1,500 b.15,000 c.8,000 d.150,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Please select the correct answers.
1)
Georgetown Berbice
Income before tax. 20,000 75,000
Required
Investment 100,000 500,000
Calculate the residual income for Georgetown
a.1,500
b.15,000
c.8,000
d.150,000
2)
Variances are known to arise because of the following types of errors:
a.modelling errors
b.All of the responses are correct
c.prediction errors
d.implementation errors
3)
The benefits of measuring performance is
a.Useful for making decisions about salaries and bonuses
b.Can assist in making good planning and control decisions.
c.All of the responses are correct
d.Motivates managers to strive to achieve the goals used in their evaluation.
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