Sky field Division of Elara Technologies had average operating assets of $720,000 and net operating income of $108,000 in October. The minimum required return for performance evaluation is 16%. What is the minimum required return in dollar terms?

Sky field Division of Elara Technologies had average operating assets of $720,000 and net operating income of $108,000 in October. The minimum required return for performance evaluation is 16%. What is the minimum required return in dollar terms?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter10: Decentralization: Responsibility Accounting, Performance Evaluation, And Transfer Pricing

Section: Chapter Questions

Problem 18E: The following selected data pertain to the Argent Division for last year: Required: 1. How much is...

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Question

I need help with this financial accounting question using standard accounting techniques.

Sky field Division of Elara Technologies had average operating assets
of $720,000 and net operating income of $108,000 in October. The
minimum required return for performance evaluation is 16%. What is
the minimum required return in dollar terms?

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