a 90% interest in saxton corporation was purchased by palm incorporated on january 2, 2014. the capital stock balance of saxton corporation was $3,000,000 on this date, and the balance in retained earnings was $1,000,000. the cost of the investment to palm incorporated was $3,750,000.
Answers
The accounting approach of treating investments in affiliated corporations is known as the equity method. When an investment entity holds 20–50% of the voting stock of an affiliated firm and has a sizable amount of management control over that company, equity accounting is typically used.
Its goal is to guarantee that the profit and loss of the investee are appropriately reflected in the investor's records. The value of the investment rises with a recognized profit, while it falls with a recognized loss.
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.
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Related Questions
Acellus: into to accounting ?
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sorry I don't know this question can you explain it
The DEF Company is planning a $64 million expansion. The expansion is to be financed by selling $25.6 million in new debt and $38.4 million in new common stock. The beforetax required rate of return on debt is 9 percent and the required rate of return on equity is 14 percent. If the company is in the 35 percent tax bracket, what is the firm's cost of capital?
Answers
If the company is in the 35 percent tax bracket, what is the firm's cost of capital is 10.74%.
Hence, the answer is option D. 10.74%.
What are taxes, and what different kinds are there?Taxes are imposed on tangible property, including real estate and business dealings like stock sales or house purchases. Taxes exist in a variety of forms, including income, corporation, capital gains, property, inheritance, and sales taxes.
Why tax?It comes from the Roman word taxare, which meaning "to assess." Prior to then, English used the comparable term "task," which was taken from Old French. For a while, the words "task" and "tax," the first demanding labour and the second requiring money, were both often used.
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In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will __________ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
2. record a deferred tax liability
3. have a permanent difference
4. report no difference between financial income and taxable income for 2020.
Answers
Answer:
In 2020, a company receives advance payments from its customers. The company will deliver the products in 2021. At the end of 2020, the company will ____1______ related to this transaction (enter 1, 2, 3, or 4 that represents the correct answer).
1. record a deferred tax asset
Explanation:
For having paid income tax in 2020 on the cash received for deferred revenue, the company will record a deferred tax asset. This deferred tax asset will then be offset in 2021 when the sales revenue will be recorded according to the financial income accounting. Deferred tax asset arises from the overpayment or advance payment of taxes. The opposite of a deferred tax asset is called a deferred tax liability, representing income tax owed, which will be settled in the coming years.
Kroger sells a variety of products such as cookies, meat, bread, shampoo, and much more. All the items the stores sells is called it?
A-product depth
B-product lines
C-product categories
D-product mix
Answers
Answer:
C. Product Categories
Explanation:
The items that includes cookies, meat, bread, shampoo which are sold by the store is called a product categories.
What is a product categories?This refers to categorization of a store goods and sometimes involves the type of product or service they offers.
Therefore, the Option C is correct.
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The Combined graph shows a dotted line that represents the combined production possibilities for the two countries. How must each country allocate its labor so that the red point, showing total production, is on the bend of this combined production possibilities function? Malaysia must allocate % of its labor to lumber production. Canada must allocate % of its labor to lumber production.
Answers
Malaysia must allocate -1.65 % of its labor to lumber production while Canada must allocate -1.3 % of its labor to lumber production. This is because Malaysia can produce lumber at a lower opportunity cost and each country's production possibilities curve is linear.
What is a production possibilities curve?It refers to the economic model that shows the maximum combinations of goods and services or any two categories of goods that can be produced from a fixed amount of resources.
The model of Production Possibilities Curve are used to show the tradeoffs associated with allocating resources between the production of two goods. It can be used to illustrate the concepts of scarcity, opportunity cost, efficiency, inefficiency, economic growth, contractions as well.
In conclusion, the importance of production possibilities curve is that it helped demonstrate the maximum possible output of goods given a set amount of resources.
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6.
Which of the following is an example of representative money?
O gold earrings
O an IOU note
O a fur coat
O diamond
Answers
Answer:
an IOU note
Explanation:
IOU or ’I owe you’ is an informal document that recognizes and acknowledges the debts. IOU is not the medium to discuss the conditions or the time to repay.
There is no standard format for the IOU. Time, date, interest, payments don’t have to be included in this document.
The informal nature of the IOU means that there is some uncertainty if it’s the real contract or not, so the law can’t be enforced so easily, like when the contract is formal. This is the reason why IOU is not considered as a negotiable instrument.
The outstanding checks total_________.
1. $158.53
2. $246.53
3. $48.00
4. $914.47
Answers
Answer:
1,367.53
Explanation:
What are two benefits depository institutions can provide?
Answers
A white paper is a report or guide that ________ readers about a complex issue. It is meant to help readers understand an issue, solve a problem, or make a decision.
Answers
A white paper is a report or guide that educates or informs readers about a complex issue.
What is a whitepaper?It is meant to help readers understand the intricacies of a particular topic, provide insights, propose solutions, or aid in decision-making. White papers are typically authoritative and objective in nature, presenting in-depth information, analysis, and recommendations related to the subject matter.
They are commonly used in business, government, and academic contexts to address complex issues and provide valuable knowledge to the intended audience.
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Security needs Physiological needs Self-actualization needs Belongingness needs Use your knowledge of the motivational theories to classify the following statements or situations into the appropriate theory. Equity theory Two- factor theory Social Reinforcement learning theory theory Example One employee is dissatisfied by low pay and poor working condition, but when the employee receives a raise and better working conditions, he has neutral feelings about his job. It is not until he gets recognition for high achievements on the job that he is satisfied. per J. Assignment. Mouvating Behavior Use your knowledge of motivation theory to select the best actions to take in the following circumstances.
Answers
In this situation, the best action to take would be to implement Equity Theory, by providing fair rewards and recognition to the employee for their high achievements. This will motivate them to continue striving for success.
The Equity Theory states that employees will be motivated when they perceive that their rewards are proportional to their efforts. This can be represented mathematically by the equation below:
Motivation = (Input/Output) x (Input/Output of Comparison)
Input is the effort and output is the reward. The comparison is the comparison of the employee’s reward and effort to that of another employee.
If the ratio of the input and output of the employee is equal to the ratio of the input and output of the comparison, then the employee is motivated. If not, then the employee needs to be given more rewards or recognition in order to be motivated.
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Which of the following tools help you access your interest
A. Aptitude survey
B. Interest inventory
C. Career search
D. Skills assessment
Answers
Answer:
C. Career search
Answer:
Interest inventory
Select all that apply
Preferred stock is advantageous in that it:
has priority over common stock when dividends are declared.
has priority over creditors at liquidation.
has priority over common stock at liquidation.
I receives dividends before creditors are to receive any interest payments.
Answers
Answer:
Preferred stock is advantageous in that it:
(1) has priority over common stock when dividends are declared.
(3) has priority over common stock at liquidation.
Explanation:
2 and 4 are not correct.
(2) in the case of liquidation, priority of payment is made according to seniority ranking. Creditors is ranked higher than preferred shareholders, so they will recieve payments first.
(4) a company is not obligated to pay dividends to shareholders as with interest payment to creditors. So, the creditors would recieve their interest payments first.
what role does planning play in public sector
Answers
Hello there! The answer is below.
Explanation:
Planning plays a very big role in the public sector. Planning lets you measure how big your response has to be to something, especially in business. It lets use utilize your resources and make as much as you need. When you plan in the public sector of marketing, you can also plan what to sell and align your priorities.
Answer:
Since the public sector is usually in charge of creating and directing defense, it also usually retains power over how troops are paid, training mechanisms, and rules of combat. Foreign policy is another area in which it is important to present a unified front through the public sector, in order to prevent conflicting treaties and agreements.
Explanation:
Your analyst team has received a request for system development that focuses on moving the current system into a new operating environment that is more flexible with regard to emerging technologies. What key source of system development requests is likely to have generated this one?
A. Managers and business units
B. Regulatory agencies
C. Formal planning groups
D. Information system managers
Answers
The key source of the development requests likely to be generated to Information system managers. Therefore the correct option is (D).
What is Information System Management?The Information system of Management refers to the management of the data, facts, figures or information of the system in the computer by the organizations.
According to the above scenario, The system development team is focusing on the adopting the operating environment system which is adopted by the Information system managers
Therefore the correct option is (D).
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in the cash book, every cash receipt is______ and every cash payment is_______
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Old Economy Traders opened an account to short-sell 1,300 shares of Internet Dreams at $46 per share. The initial margin requirement was 50%. (The margin account pays no interest.) A year later, the price of Internet Dreams has risen from $46 to $59, and the stock has paid a dividend of $3.50 per share. a. What is the remaining margin in the account? (Round your answer to the nearest whole dollar.)
Answers
Answer: $8450
Explanation:
First, we need to calculate the total initial asset which will be the value of shares sold and the margin which will be:
= (1300 × $46) + (50% × 1300 × $46)
= $59800 + $29900
= $89700
We will then calculate total liability which will be:
= (1300 × $59) + (1300 × $3.50)
= $76700 + $4550
= $81250
The remaining margin will then be:
= $89700 - $81250
= $8450
908 25. द्वितीय लेखाविधि तथा विश्लेषण Nuwakot Consultancy was organized on June 2, 2019, by a group of accountants to provide accounting and tax services to small businesses in Kathmandu. The following transactions occurred during the first month of business. June 2 June 5 June 8 June 15 June 17 June 23 June 28 June 29 Received contributions of Rs. 10,000 from each of the three owners of the business is exchange for shares of stock. Purchased a computer system for Rs. 12,000. The agreement with the vendor requires a down payment of Rs. 2,500 with the balance in 60 days. Signed a two-year promissory note at the bank and received cash of Rs. 20,000. Billed Rs. 12,350 to clients for the first-half of June. Paid a Rs. 900 bill from the local newspaper for advertising for the month of June. Received the amounts billed to clients for services performed during the first half of the month. Received and paid gas, electric, and water bills. The amount is Rs. 2,700. Received the landlord's bill for Rs. 2,200 for rent on the office space that Nano Consultancy leases. The bill is payable by the 10th of the following month. Paid salaries and wages for June. The total amount is Rs. 5,670. Billed Rs. 18,400 to clients for the second half. Declared and paid dividends in the amount of Rs. 6,000. June 30 June 30 June 30 Required: (a) Journal entries on the books of Nuwakot Consultancy. (For the transactions entered into during the month. Ignore depreciation and interest expenses). (b) Post the transactions into T-accounts. (c) A trial balance at June 30, 2019.
Answers
1. The Journal Entries on the books of Nuwakot Consultancy for the June Transactions are as follows:
Journal Entries:Date Transactions Debit Credit
June 2 Cash Rs. 30,000
Common Stock Rs. 30,000
June 5 Computer Rs. 12,000
Cash Rs. 2,500
Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000
Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350
Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900
Cash Rs. 900
June 23 Cash Rs. 12,350
Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200
Rent Payable Rs. 2,200
June 30 Salaries &
Wages Expense Rs. 5,670
Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400
Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000
Cash Rs. 6,000
2. The Posting of the transactions into T-accounts is as follows:
Cash AccountDate Transactions Debit Credit
June 2 Common Stock Rs. 30,000
June 5 Computer Rs. 2,500
June 8 Notes Payable Rs. 20,000
June 17 Advertising Expense Rs. 900
June 23 Accounts Receivable Rs. 12,350
June 28 Utility Expense Rs. 2,700
June 30 Salaries and Wages Expense Rs. 5,670
June 30 Dividends Rs. 6,000
June 30 Balance Rs. 44,580
Rs. 62,350 Rs. 62,350
Common StockDate Transactions Debit Credit
June 2 Cash Rs. 30,000
ComputerDate Transactions Debit Credit
June 5 Cash Rs. 2,500
June 5 Accounts Payable Rs. 9,500
June 30 Balance Rs. 12,000
Accounts PayableDate Transactions Debit Credit
June 5 Computer Rs. 9,500
Notes PayableDate Transactions Debit Credit
June 8 Cash Rs. 20,000
Rent PayableDate Transactions Debit Credit
June 29 Rent Expense Rs. 2,200
Accounts ReceivableDate Transactions Debit Credit
June 15 Service Revenue Rs. 12,350
June 23 Cash Rs. 12,350
June 30 Service Revenue Rs. 18,400
Service RevenueDate Transactions Debit Credit
June 15 Accounts Receivable Rs. 12,350
June 30 Accounts Receivable Rs. 18,400
June 30 Balance Rs. 30,750
Advertising ExpenseDate Transactions Debit Credit
June 17 Cash Rs. 900
Utility ExpenseDate Transactions Debit Credit
June 28 Cash Rs. 2,700
Rent ExpenseDate Transactions Debit Credit
June 29 Rent Payable Rs. 2,200
Salaries and Wages ExpenseDate Transactions Debit Credit
June 30 Cash Rs. 5,670
DividendsDate Transactions Debit Credit
June 30 Cash Rs. 6,000
3. The preparation of the trial balance at June 30, 2019, is as follows:
Date Transactions Debit Credit
Cash Rs. 44,580
Common Stock Rs. 30,000
Computer Rs. 12,000
Accounts Payable Rs. 9,500
Notes Payable Rs. 20,000
Rent Payable Rs. 2,200
Accounts Receivable Rs. 18,400
Service Revenue Rs. 30,750
Advertising Expense Rs. 900
Utility Expense Rs. 2,700
Rent Expense Rs. 2,200
Salaries and Wages Expense Rs. 5,670
Dividends Rs. 6,000
Totals Rs. 92,450 Rs. 92,450
What are the journal entries?Journal entries are made to record the transactions of a business as they occur daily.
Journal entries help post transactions to the general ledger (T-accounts).
With a trial balance, the balances in the general ledger are summarized to prepare financial statements.
Transaction Analysis:June 2 Cash Rs. 30,000 Common Stock Rs. 30,000
June 5 Computer Rs. 12,000 Cash Rs. 2,500 Accounts Payable Rs. 9,500
June 8 Cash Rs. 20,000 Notes Payable Rs. 20,000
June 15 Accounts Receivable Rs. 12,350 Service Revenue Rs. 12,350
June 17 Advertising Expense Rs. 900 Cash Rs. 900
June 23 Cash Rs. 12,350 Accounts Receivable Rs. 12,350
June 28 Utilities Expense Rs. 2,700 Cash Rs. 2,700
June 29 Rent Expense Rs. 2,200 Rent Payable Rs. 2,200
June 30 Salaries and Wages Expense Rs. 5,670 Cash Rs. 5,670
June 30 Accounts Receivable Rs. 18,400 Service Revenue Rs. 18,400
June 30 Dividends Rs. 6,000 Cash Rs. 6,000
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At what stage does an advertiser decide how the message and appeal of an ad can be creatively translated into words, pictures, colors, and/or music
Answers
Answer:
Creation stage
Explanation:
Your coin collection contains 53 1952 silver dollars. If your grandparents purchased them for their face value when they were new, how much will your collection be worth when you retire in 2059, assuming they appreciate at an annual rate of 6 percent?
Answers
Answer:
Value of collection = $16,652.38
Explanation:
The compound interest formula is:
\(A = P [ 1 + \frac{r}{n} ] ^{nt}\)
were,
P is the principal, which is $95 since that is the original value of 95 silver dollars purchased for $1 each.
r is the interest rate of 4.9%, expressed as 0.049
n is the number of times interest compounds each year, which is 1
t is the number of years the money is invested, which is 108 because we are calculating the gain between 1952 and 2060
Plug that in, and we get:
\(A = 95 [ 1 + \frac{0.049}{1} ]^{180}\)
\(A = 95 (1.049)^{180}\)
A = 95 × 175.2882
A = $16,652.38
Therefore,
Value of collection = $16,652.38
Hope it helps!!!brainliest pls!!!as the tax assessor for Indian creek county, you have been informed that due to budgetary demands, a tax increase will be necessary next year. The total market value of the property in the county is $800,000,000. currently, the assessment rate is 35% and the tax rate is 40 mils. The county commission increases the assessment rate to 45% and the tax rate to 45 mils
Answers
Answer:
this didnt make sense but ok
Explanation:
Office Max sells a desk for $450 and marks up the desk 35% on the selling price. What did the desk cost Office Max?
Answers
Answer:
Explanation:
Ok! hi:
1. Right 35% as fractions
35%= 35/100
2. Multiply by 450 to find mark up price
35/100*450=157.5
3. Add to 450$
450$+157.5$= 607.5$ as answer
Which models of decision making describe how managers actually make decisions?
Answers
Generally Non-rational models used to show managers methods of taking decisions.
Non-rational models assume that a genuine situation exists in which decisions must be made.
Non-rational models are commonly employed when there is a lack of information regarding the outcomes of many choices. Management judgments, perception, and personal biases are always used in non-rational models.Learn more:
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Lux Ladies, Inc., is a company that specializes in expensive and unusual gifts for all occasions. It keeps a large file of information on all of its regular customers, including names, addresses, and type of gifts they have ordered in the past, and the size and frequency of their orders. The electronic file which stores this information is a(n)
Select one:
a. spreadsheet.
b. MP3 file.
c. PERT file.
d. database.
Answers
Option D. The database is the The electronic file which stores this information for the company Lux Ladies, Inc.
What is a database?A database in computing is a structured collection of data that is electronically accessible and stored. Large databases are housed on computer clusters or cloud storage, whilst small databases can be stored on a file system.
A database is a collection of data that has been organized to make it simple to manage and update. Data records or files containing information, including as sales transactions, customer information, financial data, and product information, are often aggregated and stored in computer databases.
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Please answer thank you !!!
Answers
what is procurement
what is procurement
Answers
Procurement is the way companies purchased goods for their business use.
What is procurement?Procurement can be defined as the way in which a firm or a company tend to obtain goods which they are going to make use of for their business or to purchase goods to use for their day to day business operation.
One of the advantage of procurement is that it enables companies to smoothly carryout their business operation as the items they need for their business operation has been made procured or made available.
Therefore we can conclude that procuring office items for business purpose are essential.
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Creating a Multimedia Presentation
to Demonstrate Knowledge of
Energy Careers
Student Guide
Assignment Summary
For this assignment, you will create a multimedia presentation on Energy tasks and
work environments to demonstrate understanding of these careers.
Useful references for gathering this information will be listed at the end of this
document. Your presentation should include a title slide, thirteen slides representing
tasks and work environments for specific Energy careers, and a works cited slide.
Assignment Instructions
Step 1: Gather materials and necessary information.
a) Use resources listed at the end of this document to create your multimedia
presentation for Energy careers.
b) Be sure to keep a list of your references so that you can cite them later.
c) Ask your teacher where you should save your presentation as you work on it.
Your teacher may also have specific guidelines about the file name you
should use.
Step 2: Create your title slide.
a) Begin by creating the title slide. On this slide, include the title of your
presentation, your name, your teacher’s name, and the due date of the
presentation.
b) Remember to save your work as you go.
Step 3: Provide information for Petroleum Engineers
(This is just a portion)
100PTS PLEASE
Answers
The Boat Works currently produces boat sails and is considering expanding its operations to include awnings. The expansion would require the use of land the firm purchased three years ago at a cost of $197,000 that is currently valued at $209,500. The expansion could use some equipment that is currently sitting idle if $7,500 of modifications were made to it. The equipment originally cost $387,500 five years ago, has a current book value of $132,700, and a current market value of $139,000. Other capital purchases costing $520,000 will also be required. What is the value of the opportunity costs that should be included in the initial cash flow for the expansion project
Answers
Answer:
$348,000
Explanation:
Opportunity cost = Market value of land + Market value of the equipment
= $209,500 + $139,000
= $348,000
Therefore, the opportunity cost to be incurred in the initial cost is $348,000. Note: $7,500 is idea for this project, so it is not an opportunity cost
Hayes Corporation has $300 million of common equity, with 6 million shares of common stock outstanding. If Hayes’ Market Value Added (MVA) is $126 million, what is the company’s stock price?
a. $71.00.
b. $65.32.
c. $80.23.
d. $60.35.
e. $66.74.
Answers
The company's stock price is a. $71.00
The Market Value Added shows how much the value of the common stock has increased over the par value.
To find the stock price of Hayes Corporation, the following formula should be used:
= (Value of equity + MVA) / Number of shares
= (300 million + 126 million) / 6
= 426 / 6
= $71.00
In conclusion, the company's stock price is $71.00.
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It is appropriate to use the fixed assets turnover ratio to appraise firms' effectiveness in managing their fixed assets if and only if all the firms being compared have the same proportion of fixed assets to total assets."" If you are not agreed with this statement give justification in two sentences
Answers
False. Only if all the firms being compared have the same ratio of fixed assets to total assets is it fair to utilize the fixed assets turnover ratio to evaluate firms' effectiveness in managing their fixed assets.
Is it proper to assess a firm's effectiveness using its fixed asset turnover ratio?If and only if all the companies being compared have the same ratio of fixed assets to total assets, the fixed assets turnover ratio can be used to evaluate how effectively a firm is managing its fixed assets. The more debt a company uses, other things being equal, the lower its profit margin will be.
What purposes does the fixed asset turnover ratio serve?If a corporation is effectively employing its fixed assets to generate net sales, it can be determined using the fixed asset turnover ratio. By dividing net sales by the average fixed asset balance for the given period, the fixed asset turnover ratio is determined. False. Only if all the firms being compared have the same ratio of fixed assets to total assets is it fair to utilize the fixed assets turnover ratio to evaluate firms' effectiveness in managing their fixed assets.
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This type of investment typically has a greater long-term rate of return than a savings account.
A. Checking Account
B. Credit Union
C. Credit Card
D. Stock
Answers
Answer:
checking account its the answer if its incorrect please let me know cuz its in ny book like that too so yeah
Answer: D. Stock
Explanation: