Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,130,000; sales of $4,555,000; cost of goods sold of $2,580,000; and operating expenses of $1,402,000. Assume a target income of 9% of average invested assets. Compute residual income for the division:

$201,300

Explanation:

Carter Company

Computation of the residual income for the division

First step

Using this formula

Sales -Cost of goods sold- expenses

Operating

Let plug in the formula

$4,555,000 - 2,580,000 - 1,402,000

= $573,000

Second step

Now let find the Residual Income

Residual income =$573,000 - ($4,130,000 * 9%)

Residual income = $573,000-$371,700

Residual income =$201,300

Therefore the residual income for the division will be $201,300

answer///the madrid protocol;

the answer is "b.the increased supply will create a surplus. "

the essential thought behind price controls is straightforward - utilize the power of law to modify the equilibrium of a market. for instance, the legislature may choose that the steel business needs to survive, and in this way pass a law to set a value floor on steel. this implies all steel sold must offer at or over the floor value, which must be set over the equilibrium cost for it to have any impact. the switch could likewise happen - the administration can choose that steel is excessively costly and set a value roof underneath its equilibrium value, with the goal that all steel must be sold at or beneath that ceiling.