Dartford Company reported the following financial data for one of its divisions for the year; average investment center total assets of $5,400,000; investment center income $895,000; a target income of 12% of average invested assets. The residual income for the division is:

Sam robinson borrowed $21,000 from a friend and promised to pay the loan in 10 equal annual installments beginning one year from the date of the loan. sam’s friend would like to be reimbursed for the time value of money at a 9% annual rate. what is the annual payment sam must make to pay back his friend?

The role of the credit department includes: a. evaluating customers' credit applications to determine whether they meet the company's approval standards. b. approving all credit applications in order to avoid losing sales. c. collecting cash from customers. d. following unwritten approval standards for processing customers' credit applications.

Atrough in the business cycle occurs when