NUBD Division reported a residual income of P200,000 for the year just ended.  The division had P8,000,000 of invested capital and P1,000,000 of income.  On the basis of this information, the required rate of return was: (round-off to 1 decimal places

Survey of Accounting (Accounting I)
8th Edition
ISBN:9781305961883
Author:Carl Warren
Publisher:Carl Warren
Chapter14: Decentralized Operations
Section: Chapter Questions
Problem 3SEQ: Division A of Kern Co. has sales of $350,000, cost of goods sold of $200,000, operating expenses of...
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NUBD Division reported a residual income of P200,000 for the year just ended.  The division had P8,000,000 of invested capital and P1,000,000 of income.  On the basis of this information, the required rate of return was: (round-off to 1 decimal places)

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