Worsell inc. reported the following results from last year’s operations: sales $ 11,000,000 variable expenses 8,200,000 contribution margin 2,800,000 fixed expenses 2,360,000 net operating income $ 440,000 average operating assets $ 5,000,000 the company’s minimum required rate of return is 10%. last year's residual income was closest to: multiple choice $440,000 $490,000 ($638,000) ($60,000)

The selling price of houses would be most likely to decrease if there were first a decrease in which of the following? a. new-housing construction. b. mortgage interest rates. c. the unemployment rate. d. construction workers' wages. 2b2t

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.

When the benefit of one particular use of a resource is greater than the opportunity cost, then that resource is which of the following? a. not scarce b. being used efficiently c. a normal good d. non-excludable