Question: Monte, Inc. recorded operating data for its Sandtrap division for the year. Monte requires its return to be 9%. Sales $1,440,000 Controllable margin 110,000 Total

Monte, Inc. recorded operating data for its Sandtrap division for the year. Monte requires its return to be 9%. Sales $1,440,000 Controllable margin 110,000 Total average assets 930,000 Fixed costs 90,000 How much is residual income for the year?

Sales $1,440,000 Controllable margin 110,000 Total average assets 930,000 Fixed costs 90,000

How much is residual income for the year?

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