Business
Business, 31.07.2019 20:30, ellie4678

The manager of synergy company's stock division projects the following for next year: sales $195,000 operating income 70,000 operating assets 385,000 the manager can invest in an additional project that would require $50,000 investment in additional assets and would generate $9,000 of additional income. the company's minimum rate of return is 15%. what is the residual income for the stock division without the additional investment? a. $12,250 b. $6,000 c. $13,450 d. $16,600 e. $18,000

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