The Hum Division of the Ho Company reported the following data for last year:

-What was the West Division's minimum required return in August?
A) $45,600
B) $42,200
C) $53,618
D) $8,018

Name: The Hum Division of the Ho Company reported the following data for last year: -What was the West Division's minimum required return in August? A) $45,600 B) $42,200 C) $53,618 D) $8,018
Brand: Quizplus
Rating: 4.8 (38 reviews)

Question

The Hum Division of the Ho Company reported the following data for last year:
 
-What was the West Division's minimum required return in August?
A) $45,600 
B) $42,200 
C) $53,618 
D) $8,018

Quizplus · Accepted Answer

Minimum required return = Average operating assets × Minimum required rate of return
= $240,000 × 19% = $45,600

The Hum Division of the Ho Company Reported the Following