Business, 22.03.2021 20:20 emmamood

25. Beery Inc. reported the following results from last year's operations: Sales $ 11,400,000 Variable expenses 8,180,000 Contribution margin 3,220,000 Fixed expenses 2,422,000 Net operating income $ 798,000 Average operating assets $ 6,000,000 At the beginning of this year, the company has an opportunity to invest in $800,000 of additional assets which will create additional revenues and expenses with the following characteristics: Sales $ 2,880,000 Contribution margin ratio (contribution margin/sales) 30 % Fixed expenses $ 720,000 The company's minimum required rate of return is 12%. If the company pursues the investment opportunity, this year's combined residual income for the entire company will be closest to:

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25. Beery Inc. reported the following results from last year's operations: Sales $ 11,400,000 Variab...

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