Answer:
Petra Co.
Petra Co.
Statement of Cash Flows for the year ended December 31
Operating activities:
Net income for the year 2020 $51,000
Depreciation for the year 2020 57,000
Loss from sale of equipment 5,000
Changes in working capital:
Accounts receivable (net) 7,000
Inventories (11,500)
Accounts payable 3,500
Net cash flow from operations $ 112,000
Investing activities:
Purchase of equipment ($125,000)
Sale of equipment 15,000
Net cash flow from investing ($110,000)
Financing activities:
Issue of common stock $32,000
Cash Dividend (12,000)
Net cash flow from financing $20,000
Net cash inflows $22,000
Reconciliation of cash balances:
Beginning cash balance $ 78,000
Net cash inflows 22,000
Ending cash balance $100,000
Explanation:
a) Data and Calculations:
Year Year
2020 2019 Change
Cash $100,000 $ 78,000 +$22,000
Accounts receivable (net) 78,000 85,000 -7,000
Inventories 101,500 90,000 +11,500
Equipment 410,000 370,000 +40,000
Accumulated depreciation (150,000) (158,000) (-8,000)
$539,500 $465,000
Accounts payable $ 58,500 $ 55,000 +$3,500
Cash dividends payable 5,000 4,000 +1,000
Common stock, $10 par 200,000 170,000 +30,000
Paid-in capital in excess of par 62,000 60,000 +2,000
Retained earnings 214,000 176,000 +38,000
$539,500 $465,000
Additional information
1. Purchase of equipment $125,000
2. Sale of equipment $15,000
3. The stock was issued for cash.
4. Net income for the year 2020 = $51,000
5. Depreciation for the year 2020 = $57,000
6. Loss from sale of equipment = $5,000
7. Cash dividends paid for 2020 = $12,000
What kinds of barriers get in the way of "following your dreams"?
Answer: A. Individuals may not have the talents or resources to simply do whatever they dream of doing.
The kind of obstacles that prevent people from "following their ambitions" It's possible that some people lack the skills or resources necessary to pursue their dreams.
What kinds of skills are examples?making excellent choices despite having little knowledge. recognizing other people's viewpoints and interacting with various types of people successfully. Setting objectives, keeping track of progress, and making an effort to enhance your job. generating original answers and imaginative concepts to address issues.
What does human resources talent mean?Talent management, which includes a variety of HR procedures throughout the employee life cycle, is the attraction, selection, and retention of personnel. It includes hiring, onboarding, succession planning, learning and development, performance management, workforce planning, and employee engagement.
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Answer:
Individuals may not have the talents or resources to simply do whatever they dream of doing.
Explanation: Just took the test
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. Holding all else constant, the effect of this tax would be to _____ in the District of Columbia.
Answer:
b. decrease Amazon sales
Explanation:
Note: "Options the question is attached as picture below"
In 2016, Amazon began charging a 5.75% sales tax on products it sells in the District of Columbia. If we hold all else equal, the effect of this tax would be to decrease Amazon Sales In the District of Columbia.
This action will consequentially increase the sales in local Market and then discourage online shopping along with it In Columbia district; it will decrease sales overall.
The comparative balance sheets of Greenvale Games, Inc. show a net decrease in unexpired insurance of $400 and a net decrease in interest payable of $250. In order to reconcile net income with net cash flow from operating activities, net income should be:
Answer:
$150 increase
Explanation:
According to the scenario, computation of the given data are as follows,
Decrease in unexpired insurance = $400
Decrease in interest payable = $250
So, we can calculate the net income to reconcile by using following formula,
Net income = Decrease in unexpired insurance - Decrease in interest payable
= $400 - $250
= $150 ( Positive means increase)
So, net income should be increased by $150.
A company reported total stockholders' equity of $163,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $21,700, declared and paid a cash dividend of $5700, declared and distributed a 10% stock dividend with a $6700 total market value, and issued additional common stock for $33,000. What is total stockholders' equity as of December 31, 2019
Answer:
$212,000
Explanation:
Stockholders' equity = December 31, 2018 stockholders'equity + 2019 net income - 2019 cash dividend declarations + 2019 common stock issue
Stockholders' equity = $163,000 + $21,700 - $5,700 + $33,000
Stockholders' equity = $212,000
So, the total stockholders' equity as of December 31, 2019 is $212,000
10. Which of the principles of successful decision making emphasizes "buy-in" rather than consensus?
O A. Participation
B. Clarity
C. Focus on action
O D. Measure and reward
A company had net income of $209800. Depreciation expense is $26500. During the year, Accounts Receivable and Inventory increased $16700 and $41500, respectively. Prepaid Expenses and Accounts Payable decreased $4500 and $5500, respectively. There was also a loss on the sale of equipment of $1900. How much cash was provided by operating activities?
Answer:
$2,000
Explanation:
Cash flow from Operating Activities
Net Income $209800
Adjustment to non-cash items :
Depreciation expense $26500
Adjustment for Changes in working capital :
Accounts Receivable ($16700)
Inventory increased ($41500)
Yellow Press, Inc., buys paper in 1,500-pound rolls for printing. Annual demand is rolls. The cost per roll is $, and the annual holding cost is percent of the cost. Each order costs $. a. How many rolls should Yellow Press order at a time? Yellow Press should order nothing rolls at a time. (Enter your response rounded to the nearest whole number.) b. What is the time between orders? (Assume workdays per year.) The time between orders is nothing days. (Enter your response rounded to one decimal place.)
Answer:
A. 44 rolls at a time
B. 5.8 days
Explanation:
A. Calculation to determine How many rolls should Yellow Press order at a time
Using this formula
EOQ=√2*Annual demand*holding cost /Carrying cost
Let plug in the formula
EOQ=√2*2,750*$35/$625*16%
EOQ=√$192,500/100
EOQ=44 rolls at a time
Therefore How many rolls should Yellow Press order at a time is 44 rolls at a time
B. Calculation to determine time between orders
Time between orders=5.8 days
Hotaling Corporation is analyzing a capital expenditure that will involve a cash outlay of $146,040. Estimated cash flows are expected to be $30,000 annually for seven years. The present value factors for an annuity of $1 for 7 years at interest of 6%, 8%, 10%, and 12% are 5.582, 5.206, 4.868, and 4.564, respectively. The internal rate of return for this investment is:
Answer:
The solution shows that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%.
Explanation:
The IRR or internal rate of return is the rate at which NPV or Net Present Value of the investment becomes zero. We are provided with the initial outlay for the project and the annual cash inflows along with time period. Using the annuity factors given below, we need to find out the factor which makes the NPV zero. The NPV is calculated as follows,
NPV = Present Value of Cash Inflows - Initial Outlay
We can try out each annuity factor and see what NPV is generates.
1. 6% rate (Annuity factor = 5.582)
NPV = (30000 * 5.582) - 146040
NPV = $21420
2. 8% rate (Annuity factor = 5.206)
NPV = (30000 * 5.206) - 146040
NPV = $10140
3. 10% rate (Annuity factor = 4.868)
NPV = (30000 * 4.868) - 146040
NPV = $0
So, from the above solution we can see that a rate of return of 10% which provides an annuity factor of 4.868 generates an NPV which is equal to zero. Thus, our IRR or internal rate of return is 10%
The accounts in the ledger of Monroe Entertainment Co. are listed below. All accounts have normal balances.
Accounts payable $598 Fees Earned $3,129
Accounts receivable 717 Insurance Expense 543
Supplies 500 Rent expense 1,500
Prepaid insurance 2,195 Land 2,773
Cash 2,002 Wages expense 651
Office equipment 1,800 Retained earnings 5,500
Dividends 701 Common stock 5,855
Unearned rent 1,600
Prepare a trial balance. The total of the debits is:
a. $11,200
b. $13,900
c. $12,700
d. $9,700
The following information relates to a product produced by Orca Company: Fixed selling costs are $1,000,000 per year. Although production capacity is 500,000 units per year, Orca expects to produce only 400,000 units next year. The product normally sells for $80 each. A customer has offered to buy 60,000 units for $60 each. The customer will pay the transportation charge on the units purchased. If Orca accepts the special order, the effect on operating profits would be a:
Answer,:
increase in operating income by $840,000
Explanation:
The computation is shown below:
Offer price per unit $60
Less: Variable costs per unit:
Direct materials ($20)
Direct labor ($14)
Variable overhead ($12)
Variable selling $0
Incremental profit per unit (a) $14
Units offered to sell (b) 60,000
Effect on Operating Income (Increase) (a × b) $840,000
Therefore, in the case when the special order is accepted, the effect on operating income would be increase by $840,000
A firm is considering taking a project that will produce $13 million of revenue per year. Cash expenses will be $4 million, and depreciation expenses will be $1 million per year. If the firm takes that project, then it will reduce the cash revenues of an existing project by $2 million. What is the free cash flow on the project, per year, if the firm is in the 30 percent marginal tax rate
Answer:
$5.2 million
Explanation:
The computation of the free cash flow is shown below:
We know that
Free cash flow = EBIT × (1 -Tax Rate) + Depreciation & Amortization
Here
EBIT = Revenues - decreased amount of cash revenues - cash expenses - depreciation
= $13 million - $2 million - $4 million - $1 million
= $6 million
Now the free cash flow is
= $6 million × ( 1 - 30%) + $1 million
= $4.2 million + $1 million
= $5.2 million
Wilson Company reported net income of $105,000 for the year ended December 31, 2014. During the year, inventories decreased by $15,000, accounts payable decreased by $20,000, depreciation expense was $18,000 and a gain on disposal of equipment of $9,000 was recorded. Net cash provided by operating activities in 2014 using the indirect method was
Answer:
$109,000
Explanation:
Particulars Amount
Net income $105,000
Add: Depreciation expense $18,000
Less: Gain on disposal of equipment ($9,000)
Add: Inventory decrease $15,000
Less: Accounts payable decrease ($20,000)
Net cash provided by operating activities $109,000
Condensed balance sheet and income statement data for Jergan Corporation are presented here.
Jergan Corporation
Balance Sheets
December 31
2020 2019 2018
Cash $ 30,600 $ 17,300 $ 17,300
Accounts receivable (net) 50,900 44,500 48,600
Other current assets 90,100 94,800 64,900
Investments 54,700 70,600 44,600
Plant and equipment (net) 500,600 370,000 358,700
$726,900 $597,200 $534,100
Current liabilities $85,600 $79,000 $70,700
Long-term debt 144,200 85,000 50,900
Common stock, $10 par 384,000 319,000 308,000
Retained earnings 113,100 114,200 104,500
$726,900 $597,200 $534,100
Jergan Corporation
Income Statement
For the Years Ended December 31
2020 2019
Sales revenue $736,500 $605,600
Less: Sales returns and allowances 40,200 31,000
Net sales 696,300 574,600
Cost of goods sold 424,600 372,000
Gross profit 271,700 202,600
Operating expenses (including income taxes) 181,181 150,886
Net income $ 90,519 $ 51,714
Additional information:
1. The market price of Jergan’s common stock was $7.00, $7.50, and $8.50 for 2018, 2019, and 2020, respectively.
2. You must compute dividends paid. All dividends were paid in cash.
(a) Compute the following ratios for 2019 and 2020. (Round Asset turnover and Earnings per share to 2 decimal places, e.g. 1.65. Round payout ratio and debt to assets ratio to 0 decimal places, e.g. 18%. Round all other answers to 1 decimal place, e.g. 6.8 or 6.8%.)
2019 2020
(1) Profit margin % %
(2) Gross profit rate % %
(3) Asset turnover times times
(4) Earnings per share $ $
(5) Price-earnings ratio times times
(6) Payout ratio % %
(7) Debt to assets ratio % %
Answer:
1. 2020
Gross Margin Ratio = Gross Profit/Net Sale
Gross Margin Ratio = $271,700/$696,300
Gross Margin Ratio = 0.3902054
Gross Margin Ratio = 39.02%
2019
Gross Margin Ratio = Gross Profit/Net Sale
Gross Margin Ratio = $202,600/$574,600
Gross Margin Ratio = 0.35259311
Gross Margin Ratio = 35.26%
2. 2020
Profit Margin Ratio = Net Income / Net Sale
Profit Margin Ratio = $90,519/$696,300
Profit Margin Ratio = 0.13
Profit Margin Ratio = 13%
2019
Profit Margin Ratio = Net Income / Net Sale
Profit Margin Ratio = $51,714/$574,600
Profit Margin Ratio = 0.09
Profit Margin Ratio = 9%
3. 2020
Asset Turnover Ratio = Net Sales / Average Assets
Asset Turnover Ratio = $696,300 / [726900+597200)/2]
Asset Turnover Ratio = $696,300 / $662050
Asset Turnover Ratio = 1.05
2019
Asset Turnover Ratio = Net Sales / Average Assets
Asset Turnover Ratio = $574,600 / [(597200+534100)/2}
Asset Turnover Ratio = $574,600 / $565,650
Asset Turnover Ratio = 1.02
4. 2020
Earning per share = Net Income / Weighted Average Share
Earning per share = $90,519 / [(38400+31900)/2]
Earning per share = $90,519 / $35,150
Earning per share = 2.58
2019
Earning per share = Net Income / Weighted Average Share
Earning per share = $51,714 / [(31900+30800)/2]
Earning per share = $51,714 / $31,350
Earning per share = 1.65
5. 2020
Price Earning Ratio = Price/EPS
Price Earning Ratio = $8.50/2.58
Price Earning Ratio = 3.30
2019
Price Earning Ratio = Price/EPS
Price Earning Ratio = $7.50/1.65
Price Earning Ratio = 4.55
6. 2020
Debt Equity Ratio = Debt/Equity
Debt Equity Ratio = $229,800/$497100
Debt Equity Ratio = 0.46
2019
Debt Equity Ratio = Debt/Equity
Debt Equity Ratio = $164,000/$433200
Debt Equity Ratio = 0.38
(1 point) Your rich uncle bequests to you a continuous, constant income stream of $6000 per year for the next 10 years. The terms of the bequest require that this income stream be paid continuously into a specific savings account that will not be available to you for 10 years. This account earns 5.2% interest, compounded continuously. What is the present value of the bequest
Answer:
The present value of the bequest is:
= $45,883.70
Explanation:
a) Data and Calculations:
Constant income stream per year = $6,000
Period of investment = 10 years
Interest rate earned = 5.2% compounded continuously
From an online calculator:
N (# of periods) 10
I/Y (Interest per year) 5.2
PMT (Periodic Payment) 6000
FV (Future Value) 0
Results
PV = $45,883.70
Sum of all periodic payments $60,000.00
Total Interest $14,116.30
The present value of the bequest is $61,178.27.
Here, we are going to use the MS Excel to determine the present value of the bequest.
Given Information
Rate = 5.2%
Nper = 10
Pmt = -8000
PV = ?
Present value of the bequest = PV(Rate, Nper, -Pmt)
Present value of the bequest = PV5.2%, 10, -8000)
Present value of the bequest = $61,178.2701
Present value of the bequest = $61,178.27
Therefore, the present value of the bequest is $61,178.27.
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Lee, Brad, and Rick form the LBR Partnership on January 1 of the current year. In return for a 25% interest, Lee transfers property (basis of $15,000, fair market value of $17,500) subject to a nonrecourse liability of $10,000. The liability is assumed by the partnership. Brad transfers property (basis of $16,000, fair market value of $7,500) for a 25% interest, and Rick transfers cash of $15,000 for the remaining 50% interest.
Required:
a. After the contribution, Lee's basis in his interest in the partnership is $_________
b. Brad's basis in his interest in the partnership is $__________
c. Rick's basis in his interest in the partnership is $________
Answer and Explanation:
The computation of the partners basis is given below:
a. Lee basis
= ($15,000) - ($10,000 ÷ 4 × 3)
= $7,500
b. Brad basis
= $16,000 + (10,000 × 25%)
= $18,500
c. Rick basis is
= $15,000 + ($10,000 × 50%)
= $20,000
In this way each partners basis should represent their interest in the partnership
The same is to be considered
Drag each label to the correct location on the image.
Identify the features of stocks and bonds.
coupon rate
face value
closing price
maturity date
Stock
Bond
Answer:
The answer is "face value".
Explanation:
FACE VALUE was its common characteristic of stocks and bonds.
For an inventory, that original cost of stock indicated on the certification was its face value. That facial value for securities refers to the amount paid to the owner just at the expiry date.
Its book value, as well as the factor, is the distinctive function of shares, while the factor of bonds is a discount rate, duration, or factor value.
Answer:
Stock- closing price
Bond- maturity date, coupon rate, and face value
Explanation:
Got it right on the test :)
Computech Corporation is expanding rapidly and currently needs to retain all of its earnings; hence, it does not pay dividends. However, investors expect Computech to begin paying dividends, beginning with a dividend of $1.25 coming 3 years from today. The dividend should grow rapidly - at a rate of 22% per year - during Years 4 and 5; but after Year 5, growth should be a constant 6% per year.
Required:
What is the value of the stock today?
Answer:
$52.75
Explanation:
the discount rate for this question was not provided. the discount rate used is 10%
Value of the stock in year 1 and 2 = 0
value of the stock in year 3 = $1.25
value of the stock in year 4 = ($1.25 x 1.22) / 1.10^4 = $1.04
value of the stock in year 5 = ($1.25 x 1.22^2) / 1.10^5 = $1.16
value of the stock in perpetuality = ($1.25 x 1.22^2 x 1.06) / (0.1 - 0.06) = $49.30
Value of the stock today = $49.30 + $1.16 + $1.04 + $1.25 = $52.75
A stock's returns have the following distribution: Demand for the Company's ProductsProbability of This Demand OccurringRate of Return If This Demand Occurs Weak0.1(48%) Below average0.2(15) Average0.317 Above average0.331 Strong0.163 1.0 Assume the risk-free rate is 4%. Calculate the stock's expected return, standard deviation, coefficient of variation, and Sharpe ratio. Do not round intermediate calculations. Round your answers to two decimal places. Stock's expected return: % Standard deviation: % Coefficient of variation: Sharpe ratio:
Answer:
Stock's expected return = 12.90%
Standard Deviation = 29.68%
Coefficient of variation = 2.30
Sharpe ratio = 0.30
Explanation:
Note: See the attached excel file for the calculations of the Stock's expected return and Variance.
Given:
Risk-free rate = 4%.
From the attached excel file, we have:
Stock's expected return = Total of Stock's Expected Return = 0.1290, or 12.90%
Variance = Total of F = 0.0880890, or 8.8089%
Standard Deviation = Variance^0.5 = 0.0880890^0.5 = 0.2968, or 29.68%
Coefficient of variation = Standard Deviation / Stock's expected return = 29.68% / 12.90% = 2.30
Sharpe ratio = (Stock's expected return - Risk-free rate) / Standard Deviation = (12.90% - 4%) / 29.68% = 0.30
Economic Condition
The President &
The federal Reserve Monetary Roller
Fiscal polyester
Government
Rate
1. High Unemployment
Phase
Type of Policy
2. Mation
Phase:
Type of policy
3. Decreasing Production,
Phase:
Type of Policy
4. Prices increasing
Phase:
Type of Policy
5. Economy "overheating”
Phase:
Type of Policy
6. Business Inventories increasing
Rapidly
Phase
Type of Policy
7. Business Sales increasing
Phase
Type of Policy
8. Economy"Cooling or
Phase:
Type of policy
9. Credit and Borrowing Expanding
Phase
Type of Policy
10 Full Employment
Phase
Type of Policy
Explanation:
9. credit and borrowing expanding
A central characteristic of management by objectives (MBO) is that: Group of answer choices employees are given complete freedom to set their own goals as long as they are consistent with guidelines approved by the CEO. it assumes that management must motivate employees, since employees are incapable of motivating themselves. goals are set by top management and followed without question by others within the organization. goals are set through a process involving members of the organization.
Answer:
goals are set through a process involving members of the organization.
Explanation:
Management by objectives (MBO) refers to the management where there is a strategic management model that focuse to improve the organization performance by defining the goals & objectives and the same would be by both management and employees.
so here according to the given options, the last option is correct as it represents the characteristic of the MBO
So the same would be selected
Suppose that an investor with a 10-year investment horizon is considering purchasing a 20-year 8% coupon bond selling for $900. The par value of the bond is $1000. The original YTM on the bond is 10%, but the investor expects that he can reinvest the coupon payments at an annual interest rate of 7% and that at the end of the investment horizon this 10-year bond will be selling to offer a yield of 9%. What is the total return for this bond
Answer:
8.67%
Explanation:
PMT (Semi-annual coupon) = par value*coupon rate/2 = 1,000*8%/2 = 40
N (No of coupons paid) = 10*2 = 20
Rate (Semi-annual reinvestment rate) = 7%/2 = 3.5%
Future value of reinvested coupons = FV(PMT, N, Rate)
Future value of reinvested coupons = FV(40, 20, 3.5%)
Future value of reinvested coupons = $1,131.19
FV = 1,000
PMT (Semi-annual coupons) = 40
N (No of coupons pending) = 10*2 = 20
Rate (Semi-annual YTM) = 9%/2 = 4.5%
Price of the bond after 10 years = PV(FV, PMT, N, RATE)
Price of the bond after 10 years = PV(1000, 40, 20, 4.5%)
Price of the bond after 10 years = $934.96
Total amount after 10 years = Future value of reinvested coupons + Price of the bond after 10 years
Total amount after 10 years = $1,131.19 + $934.96
Total amount after 10 years = $2,066.15
Amount invested (Price of the bond now) = $900.
Total Annual Return = [(Total amount after 10 years / Amount invested)^(1/holding period)] -1
Total Annual Return = [($2,066.15/$900)^(1/10)] -1
Total Annual Return = [2.295722^0.1] - 1
Total Annual Return = 1.08665561792 - 1
Total Annual Return = 0.08665561792
Total Annual Return = 8.67%
trade industry short note
An industry is a group of manufacturers or businesses that produce a particular kind of goods or services. ... Industry comes from the Latin industria, which means "diligence, hard work," and the word is still used with that meaning.
A bank loans Kellie's Print Shop $350,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is
Answer: b. an asset for the bank and a liability for Kellie's Print Shop. The loan does not increase the money supply.
Explanation:
Banks make money by loaning out money to people and companies. This means that loans are an asset to banks because it enables them to generate cash.
Kellie's Print Shop will have to pay back to loan however which means that it is a liability to them because they owe the bank.
This loan will not increase the money supply because if not explicitly stated that it does, we assume that the loan was made from bank deposits by other bank customers which means that it is already part of the money supply.
You are preparing a presentation on networking for a professional development seminar that your company is hosting for its employees. You look at the attendance list and see that you have good relationships with all of the registered seminar participants. Additionally, this presentation is a follow-up presentation that was requested by previous participants. You know you will have a friendly audience.
1. What organizational pattern would be best for this situation?
a. Be brief. Use no more than three points
b. An indirect pattern with minimal audience contact
c. Any pattern, particularly with audience involvement
2. What delivery style should you use?
a. Warm, pleasant, and open
b. Even and slow speech
c. Confident, small gestures
Answer:
c. Any pattern, particularly with audience involvementa. Warm, pleasant, and openExplanation:
As this is a follow-up presentation, it would be best to find out how the participants have fared in relation to the subject since the last presentation. For this reason, the main focus is audience involvement so any patter is fine so long as audience participation is emphasized.
The delivery style that would best work here is a warm, pleasant and open one. This would encourage audience involvement and it can be more easily pulled off because you have good relationships with all the registered participants.
At the end of the quarter, a company made an adjusting entry to recognize $1000 of interest costs that have been incurred this quarter in constructing a new piece of production equipment. What is the correct journal entry?
A. Dr. interest expense 1000 or Cr. Interestrest Payable $1000.
B. Dr. Equipment $1000 Cr. Interest Payable $1000.
C. No entry is needed.
D. Dr. work in Process $1000 Cr. Interest Payable $1000.
E. Dr. Interest Expense $1000 Cr.Cash $1000.
Answer:
The correct journal entry is:
B. Dr. Equipment $1000 Cr. Interest Payable $1000.
Explanation:
The company will debit the interest cost to its Equipment under construction account with the sum of $1,000 while the Interest Payable is credited with the same amount. The adjustment of the interest cost helps the company to capitalize the $1,000 with a debit to its asset account and a credit to the liability account since the amount has not been paid out to the finance house affected. By capitalizing the interest cost, the asset's value is increased while the interest payable increases the current liability of the company as at the date of the adjustment.
On January 1, 2020, Grand Haven, Inc., reports net assets of $790,800 although equipment (with a four-year remaining life) having a book value of $452,000 is worth $520,000 and an unrecorded patent is valued at $54,900. Van Buren Corporation pays $730,960 on that date to acquire an 80 percent equity ownership in Grand Haven. If the patent has a remaining life of nine years, at what amount should the patent be reported on Van Buren's consolidated balance sheet at December 31, 2021
Answer:
The answer is "42700".
Explanation:
1 January 2020 Patent of Fair Value [tex]54900[/tex]
Less: 2020 and 2021 amortisation[tex]=54900\times \frac{2}{9} \ \ \ \ \ \ =12200[/tex]
December 31, 2021 Patent reported amount [tex]42700[/tex]
Many unethical behaviors lead to the passage of legislation that makes those
behaviors legal.
TRUE OR FALSE
These unethical behavior examples help identify what is not considered These are just some of the many different examples of unethical behavior that could occur. Double standard which makes it unethical and causes a black eye to law .In verse 14 it says Truth has fallen in the public squares (KJ says streets. So true
Hope this helps have a great day :)
The board of directors of Capstone Inc. declared a $0.60 per share cash dividend on its $1 par common stock. On the date of declaration, there were 50,000 shares authorized, 20,000 shares issued, and 3,200 shares held as treasury stock. What is the entry for the dividend declaration?
Answer:
See below
Explanation:
The journal entry is shown below;
Dividend payable $10,080
_________To Cash $10,080
(Being the payment of dividend paid)
The computation is shown below;
= (20,000 shares - 3,200 shares) × $0.6
= $10,080
Dividend payable was debited as it decreases liabilities and credited cash as it reduced the assets.
Shareholders, customers, suppliers, and employee groups are considered
A. indirect stakeholders
B. convertible stakeholders
C. direct stakeholders
D. formal stakeholders
Answer: its “direcr stakeholders”
Explanation: bcs it is
Loren is in charge of implementing a wellness program for his organization. In formulating the plans for the wellness program, Loren visits and studies a number of other businesses that have successfully implemented such programs. When it is time to actually start the program in his organization, which of the following services or benefits is Loren LEAST likely to include?
a. Smoking cessation programs
b. Nutrition and weight-loss seminars
c. Cancer treatments including chemotherapy and radiation therapies
d. Stress management workshop sessions
Answer:
c. Cancer treatments including chemotherapy and radiation therapies
Explanation:
A wellness.program is defined as a set of activities.aomed at improving the quality of life of individuals through exercise, proper diet, and stress management.
The main idea behind a wellness program is prevention of illness with a healthy routine.
In the given scenario the other options are wellness initiatives except Cancer treatments including chemotherapy and radiation therapies.
This is excluded because it is study of a full blown illness and not preventive strategies to stay healthy.