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Gant Manufacturing Company Has Provided the Following Financial Information What Is Gant's Residual Income?
A)$80,000

Question 48

Multiple Choice

Gant Manufacturing Company has provided the following financial information:  Sales $400,000 Variable Expenses $250,000 Fixed Expenses $50,000 Investment in Fixed Assets $300,000 Required Rate of Ret urn 5%\begin{array} { l r } \text { Sales } & \$ 400,000 \\\text { Variable Expenses } & \$ 250,000 \\\text { Fixed Expenses } & \$ 50,000 \\\text { Investment in Fixed Assets } & \$ 300,000 \\\text { Required Rate of Ret urn } & 5 \%\end{array} What is Gant's residual income?


A) $80,000.
B) $95,000.
C) $100,000.
D) $85,000.
E) None of the above.

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