Multiple Choice
Speedy Ltd has an imputed interest rate of 12 per cent. Division Z of Speedy Ltd has invested capital of $800 000 and a return on investment of 15 per cent. What is the residual income?
A) ($24 000)
B) $24 000
C) $96 000
D) None of the given answers
Correct Answer:
Verified
Correct Answer:
Verified
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