Mountain High Ice Cream Company transferred $80,000 of accounts receivable to the Prudential Bank. The transfer was made with recourse. Prudential remits 90% of the factored amount to Mountain High and retains 10% to cover sales returns and allowances. When the bank collects the receivables, it will remit to Mountain High the retained amount (which Mountain estimates has a fair value of $7,000). Mountain High anticipates a $5,000 recourse obligation. The bank charges a 2% fee (2% of $80,000), and requires that amount to be paid at the start of the factoring arrangement.

Required:
Prepare the journal entry to record the transfer on the books of Mountain High assuming that the sale criteria are met.

Answers

Answer 1

Answer:

The answer is "$70,400 and  $7,600"

Explanation:

Given:

Debit Cash[tex]=\$70,400[/tex]

Debit Loss on Sale of Receivables[tex]= \$7,600[/tex]

Debit on receivable from Factor[tex]= \$7,000[/tex]

Credit on the recourse liability[tex]= \$5,000[/tex]

Credit on receivable accounts[tex]= \$80,000[/tex]

 [tex]\to (2\% \ of \ \$80,000) = 1,600[/tex]

Calculating the Debit cash:

[tex]\to (80,000 \times 0.90) - (80,000 \times 0.02) \\\\\to 72,000-1,600\\\\\to 70,400[/tex]

Calculating the Debit Loss on Sale of Receivables:

[tex]\to (5,000 + 80,000) - (70,400 + 7,000) \\\\\to 85,000 - 77,400 \\\\\to 7,600[/tex]


Related Questions

The total factory overhead for Bardot Marine Company is budgeted for the year at $820,850, divided into four activities: fabrication, $441,000; assembly, $152,000; setup, $122,850; and inspection, $105,000. Bardot Marine manufactures two types of boats: speedboats and bass boats. The activity-base usage quantities for each product by each activity are as follows:

Fabrication Assembly Setup Inspection
Speedboat 5,250 dlh 14,250 dlh 38 setups 66 inspections
Bass boat 15,750 4,750 277 459
21,000 dlh 19,000 dlh 315 setups 525 inspect

Each product is budgeted for 5,000 units of production for the year.

a. Determine the activity rates for each activity.
b. Determine the activity-based factory overhead per unit for each product.

Answers

Answer:

Bardot Marine Company

a. Activity rates for each activity:

Fabrication = $21

Assembly = $8

Setup= $390

Inspection = $200

b. The activity-based factory overhead per unit for each product:

Speedboat = $40.45

Bass Boat = $113.72

Explanation:

a) Data and Calculations:

Budgeted total factory overhead = $820,850

Fabrication,    $441,000

Assembly,      $152,000

Setup,            $122,850

Inspection,    $105,000

Total             $820,850

Activity-base Usage Quantities:

                                   Speedboat      Bass Boat           Total

Fabrication                 5,250 dlh        15,750 dlh          21,000

Assembly                  14,250 dlh          4,750 dlh         19,000

Setup                              38 setups        277 setups         315

Inspections                    66                    459                    525

Budgeted units of

production                 5,000                5,000              10,000

a) Activity rates for each activity:

                         Costs        Usage     Rates

Fabrication,    $441,000    21,000     $21

Assembly,      $152,000    19,000     $8

Setup,            $122,850          315     $390

Inspection,    $105,000         525     $200

b)                                     Speedboat                        Bass Boat  

Fabrication                    $110,250 ($21*5,250)      $330,750 ($21*15,750)

Assembly                         114,000 ($8*14,250)           38,000 ($8*4,750)

Setup                                 14,820 ($390*38)            108,030 ($390*277)

Inspections                       13,200 ($200*66)              91,800 ($200*459)

Total overhead costs $252,270                           $568,580

Budgeted units of

production                        5,000                                 5,000

Per unit overhead         $40.45                                 $113.72

According to the basic double entry principle of accounting, we
A Credit ever account and debt the receive account
B. Debit the Elver account and credit the receiver account
Credit the ever and receiver acce
D. Any of the above, depending on the transactions​

Answers

Answer:

D. Any of the above, depending on the transactions​

Explanation:

The double entry principle simply means that any accounting transaction has two records: one credit, and one debit, and it depends on the nature of the transaction, and of the accounts involved which specific value is credited and which one is debited.

For example, if a firm purchases 100$ of office supplies with cash, the credited account is cash, because cash is reduced by $100, while the office supplies account is debited by the same value.

If a firm sells 100$ of office supplies instead, the office supplies inventory is credited for this value, while the same amount of cash is debited for this same amount.

For Ruger Corporation, we will assume 750 of the 1,000 gold medallions in Job
A were shipped to customers by the end of the month for total sales revenue of
$225,000. Because 1,000 units were produced and the total cost of the job
from the job cost sheet was $158,000, the unit product cost was $158. WHAT The
following journal entries would recorded?

Answers

Answer:

hsjs

hshsjsoa

sjieieiw

You are asked to study the causal effect of hours spent on employee training​ (measured in hours per worker per​ week) in a manufacturing plant on the productivity of its workers​ (output per worker per​ hour).

Required:
a. Choose a random group of employees to receive ten hours per week in additional training for a period of four weeks.​ Then, estimate the difference in productivity between workers who received the additional training and those that did not. Option _______ best describes this statement.
b. Data on hours spent on training a group of ten different employees in a certain day. Option __________ best describes this statement.
c. Data on hours spent on training the same employee for seven consecutive days. Option________ best describes this
d. Data on hours spent training for a group of ten individual employees for seven consecutive days. Option________ best describes this statement.

1. an observational time series data set.
2. an observational cross — sectional data set.
3. an ideal randomized controlled experiment.
4. an observational panel data set.

Answers

Answer:

a. Option 3 best describes this statement.

This is because the option compares two different sets of employees receiving training and not receiving any training, it represents the case of an ideal randomized controlled experiment.

b. Option 2 best describes this statement.

This represents an observational cross sectional data set.

c. Option 1 best describes this statement.

This represents an observational time series data set because there are seven days track period of the employee.

d. Option 4 best describes this statement.

Since this represents a mixture of time series and cross sectional data set, it is panel data set.

describe a real or made up but realistic situation in which you would want to use revolving credit 2-4 sentences ​

Answers

Answer:

Kindly check explanation

Explanation:

The revolving credit concept is one in which one can continously borrow up to a specific amount while paying back an agreed portion of what is borrowed on a fixed basis. This credit concept can help in financing and molding a startup with very little personal capital.

A scenario whereby revolving credit may be if hugely considered may be for a business startup such as an export business which involves quite a large sum which the investor might not be able to afford or due to the nature of the market requires an amount beyind one's capital outky, the evolving credit allows repeated borrowing of money with only a portion being paid on a regular basis. This can help business survival and growth.

In December of 2005, the Eastman Kodak Corporation (EK) had a straight bond issue outstanding that was due in eight years. The bonds are selling for 108.126%, per bond and pay a semiannual interest payment based on 7.25% (annual) coupon rate of interest. Assume that the bonds remain outstanding until maturity and that the company makes all promised interest and principal payments in a timeley basis. What is the YTM to maturity to the bondholders in December of 2005?

Answers

Answer:

Yield to maturity = 6.42%

Explanation:

The yield to maturity (YTM) can be calculated using the following RATE function in

Excel:

YTM = RATE(nper,pmt,-pv,fv) .............(1)

Where;

YTM = yield to maturity = ?

nper = number of periods = Number of semiannuals = Number of years * Number of semiannuals in a year = 8 * 2 = 16

pmt = semiannual coupon payment = face value * semiannual coupon rate = 1000 * 7.25% = 72.50 (Note: This is an inflow to the bondholder and it is therefore a positive figure).

pv = present value = current bond price = -$1,000 * 108.126% = -1,081.26 (Note: This is an outflow to the buyer of the bond and it is therefore a negative figure).

fv = face value of the bond = 1000 (Note: This is an inflow to the bondholder

and it is therefore a positive figure).

Substituting the values into equation (1), we have:

RATE(16,72.20,-1081.26,1000)

YTM = RATE(16,72.50,-1081.26,1000) ............ (2)

Inputting =RATE(16,72.50,-1081.26,1000) into excel (Note: as done in the

attached excel file), the YTM is obtained as 6.42%.

Therefore, YTM is 6.42%.

Below are several transactions for Scarlet Knight Corporation. A junior accountant, recently employed by the company, proposes to record the following transactions.

External Transaction Accounts Debit Credit
1. Owners invest $12,500 in the company and receive common stock. Common Stock 12,500
Cash 12,500
2. Receive cash of $3,500 for services provided in the current period. Cash Service Revenue 3,500
3,000
3. Purchase office supplies on account, $250. Supplies 250
Cash 250

4. Pay $550 for next month's rent. Rent Expense 550
Cash 550

5. Purchase office equipment with cash of $1,950. Cash 1,950
Equipment 1,950

Required:
Assess whether the junior accountant correctly proposes how to record each transaction. If incorrect, provide the correction.

Answers

Answer:

Scarlet Knight Corporation

Correct postings:

Accounts                 Debit    Credit

1. Cash                    12,500

  Common Stock                 12,500

2. Cash                     3,500

   Service Revenue               3,500

3. Supplies                 250

  Cash                                      250

4. Rent Expense       550

   Cash                                    550

5. Equipment         1,950

   Cash                                 1,950

Explanation:

a) Data and Calculations:

Accounts                 Debit    Credit

1. Common Stock    12,500

  Cash                                   12,500

2. Cash                     3,500

   Service Revenue               3,000

3. Supplies                 250

  Cash                                      250

4. Rent Expense       550

   Cash                                    550

5. Cash                   1,950

   Equipment                        1,950

b) The accounting rule is to debit the value receiver and to credit the value giver.  Generally, assets, expenses, and losses normally have debit balances while liabilities, equities, incomes, and gains have credit balances.


2. When percentage change in quantity demanded is greater than percentage change in price then,
a) Consumers are relatively sensitive to price changes
b) Demand is inelastic
c) Coefficient of price elasticity is less than one
d) All of the above
e) None of the above​

Answers

Answer: A. Consumers are relatively sensitive to price changes

Explanation:

In a situation whereby the percentage change in quantity demanded is greater than the percentage change in price then, we can say that the demand for the product is elastic.

When demand is elastic, the consumers are relatively sensitive to price changes and the coefficient of price elasticity is greater than 1.


Which factor of production is LEAST likely labeled in the photo?
Ride Tools
A)
capital
B)
human resources
C)
entrepreneurship
D
natural resources

Answers

Answer:

Natural resources

Explanation:

Humans should bring an end to all ways of degradation. Cutting down on food waste would only increase the amount of atmospheric carbon dioxide. Alternatively, inspire people to grow more trees in order to maintain nature's harmony. Furthermore, it reduces electricity consumption around the board.

what are 3 Obstacles for becoming a tattoo artist? if this is the list for the process of becoming one.
1 Art skills
2 Learn How to Draw
3 Build a Portfolio
4Get an Art Education
5 Build a new Portfolio
6Apprenticeship
a Cleaning
b Secretarial work
7 Training with machines
a Practice on synthetic material
b Practice on volunteers
8 Learn Hygienic Work Practices
9 Get Licensed
10 Buy Your Own Tattoo Equipment
11 Establishing clientel and reputation

Answers

Answer:

Arts skills

get licensed

training with machines

Madison Park Co-op, a whole foods grocery and gift shop, has provided the following data to be used in its service department cost allocations:

Service Departments Operating Departments
Administration Janitorial Groceries Gifts
Departmental costs before allocations $200,000       $50,000      $3,850,000    $330,000    
Employee-hours          470             330              2,720             150    
Space occupied square feet          900              1,100            9,100           900  

Required:
Using the step-down method, allocate the costs of the service departments to the two operating departments. Allocate Administration first on the basis of employee-hours and then Janitorial on the basis of space occupied.

Answers

Answer:

Madison Park Co-op

Allocation of Departmental Costs:

                                Service Departments         Operating Departments

                               Administration   Janitorial     Groceries        Gifts

Departmental costs

before allocations   $200,000      $50,000     $3,850,000   $330,000

Administration          -200,000      206,250         1,700,000        93,750

Janitorial                                        -256,250           242,857         13,393

Total costs                     0                    0             $5,792,857     $437,143

Explanation:

a) Data and Calculations:

                                Service Departments             Operating Departments

                               Administration   Janitorial         Groceries        Gifts

Departmental costs

before allocations      $200,000    $50,000     $3,850,000   $330,000  

Employee-hours          470                330              2,720           150

Space occupied

 square feet               900               1,100              9,100          900

Administration costs:

Janitorial = $200,000 * 330/3,200 = $206,250

Groceries = $200,000 * 2,720/3,200 = $1,700,000

Gifts = $200,000 * 150/3,200 = $93,750

Janitorial costs:

Groceries = $256,250 * 2,720/2,870 = $242,857

Gifts = $256,250 * 150/2,870 = $13,393

Year P (bikinis) Q (bikinis) P (Speedos) Q (Speedos)
2000 $75 21 $50 10
2001 82 23 52 12
2002 88 28 55 15
2003 91 30 60 14

Using the data above, calculate real GDP for 2003 using the chain-weighted method.

Answers

Answer:

$2,950

Explanation:

assuming that year 2000 is the base year:

real GDP for 2003 = (bikini price 2000 x bikini quantity 2003) + (speedos price 2000 x speedos quantity 2003) = ($75 x 30) + ($50 x 14) = $2,950

base year's prices become the real prices of the economy, and any change in real GDP is given by changes in output

Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in 20X1. In 20X1, Loran deducted $4,000 in bad debts. Loran expects the timing difference to reverse $3,000 in 20X2 and $7,000 in 20X3. The income tax rate is 40%. Which of the following entries would be included for the deferred tax entry required at the end of 20X2?

Answers

Answer:

The answer is "2800".

Explanation:

The positive temporary difference at 20X2 end[tex]= 7000[/tex]

X Tax rate on revenue[tex]=40\%[/tex]

At the end of 20X2 deferred account of tax assets= [tex]2800[/tex]

A Canadian radio station asks listeners o call in to voice their option on whether a Canadian figure skater should have won gold. What bias might be present

Answers

Because it’s a Canadian radio station asking Canadians themselves if someone representing them should have won they will be more biased and likely to say the figure skater should have won first place. If they asked any other country or area outside of Canada, the results would drastically change.

The bias which is present here is Response bias. Thus option B is correct.

What is Sampling Bias?

Sampling bias occurs when certain members of a population are consistently more likely to be chosen for a sample than other members of the community. Ascertainment bias is another name for it in the medical areas.

Since sampling bias jeopardises external validity, particularly population validity, it restricts the generalizability of findings. In other words, conclusions drawn from bias samples can only be extrapolated to populations with similar traits of the sample. In probability sampling, each person in the population has a known chance of being chosen. To choose a straightforward random sample from your population, for instance, you may use a random number generator.

Therefore, we can conclude that B is the correct option.

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Your question is incomplete. But, most probably your complete question was:

A  Canadian radio station asks listeners to call in to voice their opinion on whether a Canadian figure skater should have won gold. What bias might be present:

A. Sampling

B. Response

C. Measurement

D. Non-response

Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task. This illustrates which of the following principles?

a. Latent learning
b. Self-fulfilling prophecy
c. Intermittent reinforcement
d. The overjustification effects
e. The law of effect

Answers

Answer:

d. The overjustification effects

Explanation:

Overjustification effect is a psychological phenomenon where an external incentive that is expected to motivate an individual actually reduces his intrinsic motivation to perform well.

The extrinsic motivation recieved now replaces the intrinsic motivation for the person. That is they don't focus anymore on performing well in the task. They rather enjoy the reward.

In the given scenario Students who enjoyed solving a puzzle were rewarded for doing so. Later, they played less with the puzzle than did their counterparts who were not rewarded for the same task.

The students lost motivation after being rewarded.

Which of the following statements about market segmentation is true the logic of market segmentation is that seldom meet the needs?

a. According to the model of market segmentation analysis,the process usually begins with deciding the segmentation strategy to be used.
b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.
c. The logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers.
d. According to the model of market segmentation analysis,the process begins with designing the marketing mix strategy.

Answers

Answer:

b. In the process of market segmentation,deciding the segmentation strategy precedes determining the consumer's needs and wants.

Explanation:

In the above stated statement, it is the truth about market segmentation due to the fact that, customers needs and wants differs. In other to ensure that those are met through segmentation of goods and services, there is need for the segmentation strategy to be adopted by the market. Without this segmentation strategy, their be conflicts between the needs and wants of the customers which would lead to not meeting their expectation.

The true statement about market segmentation is the logic of market segmentation is that a single product item can seldom meet the needs and wants of all consumers. Therefore, option c is correct.

Market segmentation is the process of dividing a broad market into distinct groups or segments based on certain characteristics or criteria.

This segmentation allows companies to target specific customer groups with tailored marketing strategies, products, and services that meet their unique needs and preferences.

By understanding the differences and preferences of various market segments, companies can create more effective marketing campaigns, develop products that resonate with their target audience, allocate resources efficiently, and ultimately increase customer satisfaction and profitability.

Market segmentation enables companies to focus their efforts and resources on the most relevant and profitable market segments.

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Use the following information to answer this question. Bayside, Inc. 2017 Income Statement ($ in thousands) Net sales $ 5,870 Cost of goods sold 4,270 Depreciation 335 Earnings before interest and taxes $ 1,265 Interest paid 31 Taxable income $ 1,234 Taxes 432 Net income $ 802 Bayside, Inc. 2016 and 2017 Balance Sheets ($ in thousands) 2016 2017 2016 2017 Cash $ 85 $ 190 Accounts payable $ 1,455 $ 1,420 Accounts rec. 960 800 Long-term debt 760 560 Inventory 1,565 2,010 Common stock 3,185 3,230 Total $ 2,610 $ 3,000 Retained earnings 830 1,080 Net fixed assets 3,620 3,290 Total assets $ 6,230 $ 6,290 Total liab. & equity $ 6,230 $ 6,290 How many dollars of sales were generated from every dollar of fixed assets during 2017?

Answers

Answer: $1.70

Explanation:

For us to know the amount of dollars of sales were generated from every dollar of fixed assets during 2017, we first find the average fixed assets and this will be:

= (3,620 + 3,290) / 2

= 6910/2

= 3455

Then , the dollars of sales generated from the fixed assets will be:

= Net sales / 3455

= 5870 / 3455

= 1.70

Example 31: S borrows 5,00,000 to buy a house. If he pays equal instalments for 20 years
and 10% interest on outstanding balance what will be the equal annual instalment?
Solution: We know​

Answers

Answer:

$58.729

Explanation:

To find the answer, we need to use the present value of an annuity formula.

The formula is:

P = X [(1 - (1 + i)^-n) / i ]

Where X is the annual instalment

P is the present value of the investment (500,000 in this case)(

i is the interest rate (10% in this case)

and n is the number of periods (20 years in this case)

We now plug the amounts into the formula:

500,000 = X [ (1 - (1 + 0.10)^-20) / 0.10 ]

500,000 = X [8.51356]

500,000 / 8.51356 = X

58,729 = X

So the value of the equal annual instalment will be $58.729

A company has non-current assets with a net book value totaling $820,000 at the start of the year. Assets costing $95,000 was disposed of. These assets were held for three years at a straight-line depreciation rate of 20%. The depreciation charge for the year was $150,000. If the closing balance for the total non-current assets (at net book value) at the end of the year was $975,000, what value of new assets were purchased during the year?

Answers

Answer:

343,000

Explanation:

The value of new assets purchased during the year is $ 400,000 which includes closing balance of non-current assets, depreciation, and cost of assets disposed minus the opening balance of assets.

What is an Asset?

A resource with the economic worth that an individual, company, or country possesses or controls with the hope of future gain is referred to as an asset.

In the given case, we need to calculate the value of assets purchased during the year:

[tex]\rm\,Value\,of\,new\,assets\,purchased\,during\,the\,year = Closing\,balance\,of\,Non\,Current\,assets\,+ \\\,Depreciation\,+ \,Cost\,of\,the\,goods\,sold\,- Beginning\,balance\,of\,Non\,Current\,assets\,\\\\= \$\,975,000\,+\,\$150,000\,+\,\$95,000\,-\,\$820,000\\\\=\$400,000[/tex]

Hence, the value of new assets that were purchased during the year is

$ 400,000.

To learn more about Assets, refer to the link:

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what do you mean byv painting​

Answers

Answer:

i don't know

really

Explanation:

Rustafson Corporation is a diversified manufacturer of consumer goods. The company's activity-based costing system has the following seven activity cost pools:

Activity Cost Pool Estimated Overhead Cost Expected Activity
Labor-related $52,000 8,000 direct labor-hours
Machine-related $15,000 20,000 machine-hours
Machine setups $42,000 1,000 setups
Production orders $18,000 500 orders
Product testing $48,000 2,000 tests
Packaging $75,000 5,000 packages
General factory $108,800 8,000 direct labor-hours

Required:
Compute the company's pre-determined overhead rate, assuming that the company uses a Single plantwide predetermined overhead rate based on direct labor-hours.

Answers

Answer:

$48.23 per direct labor hour

Explanation :

Pre-determined overhead rate = Budgeted Overheads ÷ Budgeted Activity

where,

Budgeted Overheads = $52,000 + $15,000 + $42,000 +  $18,000 + $48,000 + $75,000 + $108,800 = $358,800

Budgeted Activity (direct labor-hours) = 8,000 hours

therefore,

Pre-determined overhead rate = $358,800 ÷ 8,000 hours = $48.23 per direct labor hour

The company's pre-determined overhead rate, assuming that the company uses a Single plantwide predetermined overhead rate based on direct labor-hours is $48.23 per direct labor hour.

Pepper Enterprises owns 95 percent of Salt Corporation. On January 1, 20X1, Salt issued $220,000 of five-year bonds at 115. Annual interest of 10 percent is paid semiannually on January 1 and July 1. Pepper purchased $120,000 of the bonds on August 31, 20X3, at par value. The following balances are taken from the separate 20X3 financial statements of the two companies: Note: Assume using straight-line amortization of bond discount or premium. Pepper Enterprises Salt Corporation Investment in Salt Corporation Bonds $ 125,700 Interest Income 4,367 Interest Receivable 6,000 Bonds Payable $ 220,000 Bond Premium 20,600 Interest Expense 15,400 Interest Payable 12,000


Required:
a. Compute the amount of interest expense that should be reported in the consolidated income statement for 20X3.
b. Compute the gain or loss on constructive bond retirement that should be reported in the 20X3 consolidated income statement.
c. Prepare the consolidation worksheet consolidation entry or entries as of December 31, 20X3, to remove the effects of the intercorporate bond ownership.

Answers

Solution :

a).

Par value of the bonds outstanding                   220,000

Annual interest rate                                              x 10%

Interest payment                                                 220,000

Amortization of the bonds premium                     6600     [tex]$\left( \frac{220,000 \times 15\%}{5}\right)$[/tex]

Interest charged for full year                              15400

Less:interest on the bond purchased                  2567

by Online Enterprise (15400 x 1/2) x

(4 months / 12 months)

Interest expense included in the consolidated   12833

income statement

b).

Sale price of bonds, 1 Jan 20x1                           138,000

(120,000 x 115%)

Amortization of premium                                       9600    [tex]$\left(\frac{\$120,000 \times 15\%}{5 \ yrs} \times 2\frac{2}{3}\right)$[/tex]

Book value at time of purchase                         128,400

Purchase price                                                    120,000

Gain on bond retirement                                     8400

c).

Events   Accounts                               Debit            Credit

1           Bonds payable                       120,000

           Bonds premium                       6600

           interest income                        4367

          investment in Salt bonds                             120,000

          Interest expense                                           2567

          Gain on bond retirement                              8400

2      interest payable                            8100

      (4950+11900+8750)

      Interest receivable                                          8100

1. On January 1, 20x1, Entity A acquires 25% interest in Entity B for
₱800,000. Entity B reports profit of ₱1,000,000 and declares dividends of
₱100,000 in 20x1. How much is the carrying amount of the investment in
associate on December 31, 20x1?​

Answers

Answer: hfhf

Explanation:

According to the given data, the carrying amount of the investment in associate on December 31, 20x1 is $ 1,025,000. The correct option is (D).

What do you mean by dividends?

A dividend is a gift that a business provides to its shareholders, whether it be currency or something else. Dividends may be distributed in a number of ways, including equity dividends, cash payments, and other types. The board of directors of a business determines its payout, which needs stockholder approval.

The dividend yield, which is the dividend per share, is stated as a proportion of the share price of a business, for example, 2.5%.

If a common shareholder of a dividend-paying company owns the shares on the ex-dividend date or earlier, they are entitled to receive a payout.

Therefore, according to the given data, the carrying amount of the investment in associate on December 31, 20x1 is $ 1,025,000.

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This is an incomplete question the complete question is:

On  January   1,   20x1,  Entity  A  acquires  25%  interest  in   Entity   B  for  ₱800,000.   Entity B reports profit of ₱1,000,000 and declares dividends of ₱100,000 in 20x1. How much is the carrying amount of the investment in associate on December 31, 20x1?

a.800,000

b.1,250,000

c.1,000,000

d.1,025,000

is it essential to everyone to understand the correct perception on entrepreneurship

Answers

Answer:

yes

Explanation:

In order for entrepreneurs to be more successful long term, it is important for them to have an accurate perception of which skills are most important for each stage of a business.

Yes, it should be important for everyone to understand the correct & accurate perception of entrepreneurship.

The following information should be considered:

Perception should always play a significant role in the business. If it is applied and used in a proper way so it would help for the growth and survival of the business. Also, it gives the business having a perspective that could prosper in the future this results in business opportunities.

Therefore we can conclude that it should be important for everyone to understand the correct & accurate perception of entrepreneurship.

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Mr. and Mrs. Nabulsi are 44 and 41 years old, respectively. They have two children, 14 and 16 years old. They are successful and highly paid professionals. They have two primary investment objectives, retirement and providing for their two children's education. They plan to retire when they turn 65 years old. Their liquidity constraint is best described by which of the following phrases?

a. Since both of them are highly paid professionals, they have no significant concerns to address in their investor policy statement.
b. Their IPS should address the expected payments for their children's education, but need not account for it in the asset allocation.
c. Their IPS should address the expected payments for their children's education and account for it in the asset allocation.

Answers

Answer:

mnb   b

Explanation:

Among the top motivator driving corporation to engage in CSR includes all of the following reasons except

Answers

Answer: meeting or exceeding budget

Explanation:

The options include:

a. Meeting or exceeding budget

b. Ethical considerations

c. Innovation and learning

d. Employee motivation

Corporate social responsibility simply refers to the responsibility of organizations to the society. It is when companies contribute to the goals of the society at large by engaging in charitable deeds or supporting practices that are environmental friendly or ethically viable.

The motivator that drives organizations to engage in corporate social responsibility include ethical consideration, employees motivation, innovation and learning etc.

Therefore, the option that doesn't motivate companies to engage in corporate social responsibility is meeting or exceeding budget.

In an attempt to improve customer service, Alpha Toys Inc. decided to assign a team to investigate the kinds of services offered by competing companies. The team discovered that a smaller company, AB Games Co., seemed to have outstanding customer service. The team then determined the major differences between the two companies and developed a plan to incorporate the best elements of AB Games into Alpha Toys. Which of the following is being implemented by Alpha Toys?

a. environmental dynamism.
b. benchmarking.
c. strategic maneuvering.
d. cooperative action.
e. forecasting.

Answers

Answer:

A

Explanation:

Suzanne owns interests in a bagel shop, a lawn and garden store, and a convenience store. Several full-time employees work at each of the enterprises. As of the end of November of the current year, Suzanne has worked 150 hours in the bagel shop, 250 hours at the lawn and garden store, and 70 hours at the convenience store. In reviewing her financial records, you learn that she has no passive investments that are generating income and that she expects these three ventures collectively to produce a loss.

Required:
What recommendation would you offer Suzanne as she plans her activities for the remainder of the year?

Answers

Answer:

In order for Suzanne to be considered an active participant in her stores, she must work at least 31 hours more. That way, her total working hours will be above 500, and she can deduct any losses from her adjusted gross income.

If she doesn't work at least 31 hours more, these activities will be considered passive activities and can only offset passive income.

Explanation:

Latoya is riding her bicycle. She rides at a speed of 12.5 kilometers per hour for 5 hours. For how many kilometers does she ride?​

Answers

Answer:

2.5 Kilometers per hour

Explanation:

Answer:

[tex]\boxed {\boxed {\sf 62.5 \ kilometers}}[/tex]

Explanation:

Distance is the product of speed and time.

[tex]d=s*t[/tex]

The speed is 12.5 kilometers per hour and the time is 5 hours.

[tex]s=12.5 \ km/hr \\t= 5 \ hr[/tex]

Substitute the values into the formula.

[tex]d= 12.5 \ km/hr * 5 \ hr[/tex]

Multiply. Note that the unit of hours will cancel each other out.

[tex]d=62.5 \ km[/tex]

Latoya traveled 62.5 kilometers.

equity financing definition​

Answers

Equity financing is a means of obtaining new cash by selling firm shares to public, institutional, or financial entities.

Since they have earned ownership stake in the corporation, persons who buy shares are referred to as shareholders.

Equity finance is a means of acquiring capital to address an organization's liquidity needs by selling a company's equity in return for cash. The promoter's ownership in the firm would decide the percentage of the interest.

Apart from public offerings, one of the most popular ways to get funds is through venture capital. Venture Capital (VC) funding is a means of acquiring funds through high-net-worth people interested in a variety of investment options.

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