User Account

All Pages

What was zlm inc residual income for the year

Assignment Help Managerial Accounting
Reference no: EM132566666

Question 1: During the last fiscal year, ZLM Inc had revenues and expenses of $420,000 and $60,000 respectively. The company had net operating assets of $800,000. The company's required rate of return for approval of projects is 15%. What was ZLM Inc's residual income for the year?

Option a) $240,000

Option b) $40,000

Option c) $30,000

Option d) $120,000

Reference no: EM132566666

Questions Cloud

Emotional intelligence is the ability to identify : Emotional Intelligence (EQ) is the ability to identify, use, understand, and manage emotions in an effective and positive way
Decide on the top-10 strengths that best describe you : Decide on the top-10 strengths that best describe you. Place them in order from your greatest to your weakest strengths
What types of environmental factors : What types of environmental factors would cause students to not want to participate in activities in the classroom?
What was the annual growth rate : Annual dividends of AT&T Corp grew from $0.93 in 2000 to $1.54 in 2012. What was the annual growth rate? What is change in price
What was zlm inc residual income for the year : During the last fiscal year,The company's required rate of return for approval of projects is 15%. What was ZLM Inc's residual income for the year?
Petrarch scattered rimes : 1. What class of scholar was Petrarch identified with?
Discuss the problems inherent in interpreting statutes : Discuss the problems inherent in interpreting statutes and the Constitution. How do the courts try to resolve these problems?
What are the virtues tied to the four stars : 1. What are the virtues tied to the four stars in the southern hemisphere?
Calculating the contribution margin : Calculating the contribution margin and contribution margin percent using hypothetical values. explain how you would determine the company's contribution.

Reviews

Write a Review

Managerial Accounting Questions & Answers

  Manage budgets and financial plans

Explain the budgeting process and its importance to a business, identifying the components of different budgets, forecast estimates for inclusion in the budgets.

  Prepare a retained earnings statement

Prepare a retained earnings statement for the year and Prepare a stockholders' equity section of given case.

  Prepare a master budget for the three-month period

Prepare a master budget for the three-month period.

  Construct the companys direct labor budget

Construct the company's direct labor budget for the upcoming fiscal year, assuming that the direct labor workforce is adjusted each quarter to match the number of hours required to produce the forecasted number of units produced.

  Evaluate the predetermined overhead rate

Evaluate the Predetermined Overhead Rate

  Determine the company''s bid

Determine the company's bid if activity-based costing is used and the bid is based upon full manufacturing cost plus 30 percent.

  Compute the pool rates for the different activities

Complete the schedule to compute the pool rates for the different activities.

  Prepare Company financial statements

Prepare Company financial statements

  Prepare an analysis of terracycles

This individual assignment is based on the TerraCycle Inc.

  Discuss the ethical issues

Discuss the ethical issues

  Political resources in emerging markets

Calculate the GDP in Income Approach  and Expenditure Approach

  Management accounting - ehsan electronics company

A new plant accountant suggested that the company may be able to assign support costs to products more accurately by using an activity based costing system that relies on a separate rate for each manufacturing activity that causes support costs.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd