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)

i believe that it is a 45% chance.

whole quiz

1. the sum of all activities involved in getting high-quality products into the marketplace

2.operations

3. the principle of looking at the supply chain as a whole in order to improve the overall flow through the system.

4. produced; performed

5. activities producing tangible products, such as radios, newspapers, buses, and textbooks.

6. activities producing intangible and tangible products, such as entertainment, transportation, and education.

7.   customer focus

8. analyzing a competitor's products to identify desirable improvements

9. the systematic direction and control of the processes that transform resources into finished projects that create value for and provide benefits to consumers.

10. operation management.

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