Answer:
The appropriate answer is "N, B >= 0". A further explanation id provided below.
Explanation:
According to the question,
The linear programming model seems to be formulated as:
⇒ [tex]Max \ 0.07 \ N+0.06 \ B[/tex]
Now,
⇒ [tex]N+B<=85[/tex]
[tex]N<=55[/tex]
⇒ [tex]6N+4B<=410[/tex]
[tex]N,B>=0[/tex]
Thus, the above is the correct answer.
After visiting several automobile dealerships, Richard selects the used car he wants. He likes its $14,400 price, but financing through the dealer is no bargain. He has $3,500 cash for a down payment, so he needs an $10,900 loan. In shopping at several banks for an installment loan, he learns that interest on most automobile loans is quoted at add-on rates. That is, during the life of the loan, interest is paid on the full amount borrowed even though a portion of the principal has been paid back. Richard borrows $10,900 for a period of four years at an add-on interest rate of 12 percent. What is the total interest on Richard's loan? What is the total cost of the car?
Answer:
Richard
a. The total interest on Richard's loan is:
= $5,232.
b. The total cost of the car is:
= $19,632.
Explanation:
a) Data and Calculations:
Cost of car selected = $14,400
Down payment on car = 3,500
Loan obtained = $10,900
Interest rate = 12% add-on
Period of loan = 4 years
Total interest on the loan = $5,232 ($10,900 * 12% * 4)
Total cost of the car = $19,632 ($14,400 + $5,232)
b) Richard will be paying annual interest of $1,308 for four years, which will total $5,232 since interest is paid on the full amount borrowed for each year, despite the fact that some portion of the principal has been repaid.
where do queen bees lay eggs
Answer:
Queens begin laying their eggs in the center of the cell frame,
Explanation:
hope it's helpful for you ☺️
4. Fa-Hien, the Chinese pilgrim, visited India during the
time of
Answer:
Chandragupta II
..................................
At December 31, 2018, Oriole Company reported the following information on its balance sheet.
Accounts receivable $948,000
Less: Allowance for doubtful accounts 78,000
During 2019, the company had the following transactions related to receivables.
1. Sales on account $3,609,930
2. Sales returns and allowances 51,000
3. Collections of accounts receivable 2,756,000
4. Write-offs of accounts receivable deemed uncollectible 97,000
5. Recovery of bad debts previously written off as uncollectible 28,000
Compute the accounts receivable turnover for 2019, assuming the expected bad debt information provided in (c). (Round answer to 2 decimal places, e.g. 25.25.)
Answer:
Bad debt expense (Dr.) $68,930
Allowance for Doubtful Debt (Cr.) $68,930
Explanation:
Accounts Receivable :
Balance $948,000
Add: Sales $3,609,930
Less: Sales returns $51,000
Less: Collections $2,756,000
Less: Write offs $97,000
Add: Recovery of old Bad debts $28,000
Adjusted Balance $1,653,930
Bad Debts :
Balance $78,000
Less: Allowance for doubtful debts $97,000
Less: Recovery $28,000
Adjusted Balance $9,000
International trade currently involves about ______________ worth of goods and services moving around the globe.
Answer:
$20 trillion
Explanation:
International trade can be regarded as exchange of capital as well as goods, and services between different international borders/ territories. This is so since there would always be a need or want for a particular goods or services. In most countries,gross domestic product are been represented. Types of international trade are;
1)Export Trade
2)Entrepot Trade.
3)Import Trade
It should be noted that International trade currently involves about $20 trillion worth of goods and services moving around the globe.
You managed a risky portfolio with an expected rate of return of 28% and a standard deviation of 78%. The T-bill rate is 5%. Your client stipulates that the complete portfolio's standard deviation should be less than 12%. What proportion of your client's total investment should be invested in the risky portfolio
Answer:
Portfolio standard deviation = Weight in Risky portfolio * Standard deviation of Risky portfolio
12% = Weight in risky Portfolio * 78%
Weight in risky Portfolio = 12% / 78%
Weight in risky Portfolio = 0.1538
Weight in risky Portfolio = 15.38%
Stock Weight Return Weighted Return
Risky portfolio 0.1538 28.00% 4.31%
Risk free Asset 0.8462 5.00% 4.23%
Portfolio Return 8.54%
The balance sheet value of a firm's inventory is $70,000. Suppose that the firm purchases supplies at a cost of $2,000 and adds them to inventory. A day later, the market value of the recently purchased supplies changes to $3,500. Assuming no other changes to inventory, and using the historical cost method, what is the final balance sheet value of inventory?
Answer:
$72,000
Explanation:
Since it is given in the question that the inventory of firm in the balance sheet is $70,000 and the purchase cost of supplies is $2,000 that is added in inventory.
Also the market value of the inventory I.e currently purchased is $3,500 which represent that it changes rapidly
Here by using the historical method, the final amount if inventory that should be reported in the balance sheet is
= Value of the firm's inventory + Purchase cost of supplies
= $70,000 + $2,000
= $72,000
Wilson Dover Inc. The total value (debt plus equity) of Wilson Dover Inc. is $500 million and the face value of its 1-year coupon debt is $200 million. The volatility (σ) of Wilson Dover's total value is 0.60, and the risk-free rate is 5%. Assume that N(d1) = 0.9720 and N(d2) = 0.9050. Refer to the data for Wilson Dover Inc. What is the value (in millions) of Wilson Dover's debt if its equity is viewed as an option?
a. $167.57
b. $186.19
c. $204.81
d. $225.29
e. $247.82
Answer:
b. $186.19
Explanation:
Value of Nd1 = 0.9720
Value of Nd2 = 0.9050
Risk free rate = 5%
Value of the option = $500 million
Value of the coupon debt = $200 million
Value of option = [P*Nd1 - X*e^(risk free rate*time) * ND2]
Value of option = [500*0.9720 - 200*e^(-0.05) * 0.9050]
Value of option = [486-190.24 * 0.9050]
Value of option = $313.82 million
Value of Wilson Dover's debt = $500 million - $313.82 million
Value of Wilson Dover's debt = $186.18 million
1) What are the three primary determinants of behavior in organizations?
Answer:
The three primary determinants of behavior in organizations are employee dynamics, available resources and work environments.
Use the cost information below for Ruiz Inc. to determine the total manufacturing costs incurred during the year: Work in Process, January 1 $ 52,400 Work in Process, December 31 38,200 Direct materials used $ 13,700 Total factory overhead 6,700 Direct labor used 27,700 Multiple Choice
Answer:
$48,100
Explanation:
Computation of total manufacturing cost incurred during the year is seen below;
Direct materials used
$13,700
Direct labor used
$27,700
Total factory overhead
$6,700
Total manufacturing cost incurred
$48,100
Therefore, the total manufacturing cost incurred during the year is $48,100
East Coast Cleaners borrows $20,000 for 120 days and pays $400 interest. What is the effective rate of interest if the loan is discounted
According to the question, the effective rate of interest if the loan is discounted is more than 6% but less than 6.5%.
What do you mean by the effective rate of interest?The effective interest rate, often referred to as the yearly equivalent rate, is the amount of interest that a person actually pays or earns on a financial instrument.
It is determined by taking into account the impact of compounding over time.
When the benefits of compounding over time are taken into account, the real return on a savings account or any other interest-paying investment is known as the effective annual interest rate.
It also displays the actual percentage rate of interest owed on any outstanding debts, including credit card debt and loans.
Therefore, according to the question, the effective rate of interest if the loan is discounted is more than 6% but less than 6.5%.
To know more about the effective rate of interest, visit:
https://brainly.com/question/13735414
#SPJ2
What may cause charismatics to make mistakes in decision-making? Multiple choice question. They want to be totally sure before making a decision. They get swept away by their enthusiasm. They are too fearful of risk. They mistrust data.
Answer:
They get swept away by their enthusiasm
Explanation:
What may cause charismatics to make mistakes in decision-making is that "They get swept away by their enthusiasm"
Charismatics people in business are defined as people who inspire themselves and the people around them. They see positives in most situations and get highly focused on their mission or what they believe is the right decision for them.
However, they often face the challenges of overconfidence and too much enthusiasm on what they think is credible thereby ignoring other significant details that may jeopardize the outcome of their decision.
Lewis Co. reports the following results for May. Prepare a flexible budget report showing variances between budgeted and actual results. Budgeted Actual Sales $ 300 per unit $ 435,000 Variable expenses $ 120 per unit $ 172,000 Fixed expenses (total) $ 125,000 $ 122,000 Units produced and sold 1,200 1,400 List variable and fixed expenses separately. (Indicate the effect of each variance by selecting for favorable, unfavorable, and no variance)
LEWIS Co.
Flexible budget performance report
For month ended May 31
Flexible budget Actual results Variances Result
Sales $420,000 $435,000 $15,000 Fav
(1400*$300)
Variable expense $168,000 $172,000 $4,000 Unfav
(1400*$120)
Contr. margin $252,000 $263,000 $11,000 Fav
Fixed cost $125,000 $122,000 $3,000 Fav
Net Income $127,000 $141,000 $14,000 Fav
See similar solution here
brainly.com/question/14015382
2) Assume that you invest 5 percent of your salary and receive the full 5 percent match from East Coast Yachts. What EAR do you earn from the match
Answer:
The EAR you earn from the match is 100%.
Explanation:
Because you will receive a full 5% match if you invest 5% of your pay, this means you will earn 100% of the match up to 5%.
For instance, if you put in 5% of your salary which is determined to be $500 (i.e. $10,000 salary * 5%), East Coast Yachts will match that amount up to $500. This means that you will receive a 100 percent effective annual return (EAR) from the match.
As a result, the EAR you earn from the match is 100%.
The Williams Supply Company sells for $50 one product that it purchases for $20. Budgeted sales in total dollars for the year are $3,000,000. The sales information needed for preparing the July budget follows:
Month Sales Revenue
May $ 175,000
June 240,000
July 295,000
August 320,000
Account balances at July 1 include these:
Cash $ 125,000
Merchandise inventory 47,200
Accounts receivable (sales) 84,530
Accounts payable (purchases) 47,200
The company pays for one-half of its purchases in the month of purchase and the remainder in the following month. End-of-month inventory must be 40% of the budgeted sales in units for the next month. A 2% cash discount on sales is allowed if payment is made during the month of sale. Experience indicates that 60% of the billings will be collected during the month of sale, 25% in the following month, 12% in the second following month, and 3% will be uncollectible. Total budgeted selling and administrative expenses (excluding bad debts) for the fiscal year are estimated at $1,200,000, of which three-fourths is fixed expense (inclusive of a $36,000 annual depreciation charge). Fixed expenses are incurred evenly during the year. The other selling and administrative expenses vary with sales. Expenses are paid during the month incurred.
Part A
Part B
Part C
Part D
(a) Prepare a schedule of estimated cash collections for July.
(b) Prepare a schedule of estimated July cash payments for purchases. Hint: Start by doing a purchase budget.
(c) Prepare schedules of July selling and administrative expenses, separately identifying those requiring cash disbursements.
(d) Prepare a schedule of cash receipts over disbursements assuming no equipment purchases or loan payments.
Answer:
The Williams Supply Company
a. Estimated Cash Collections for July
58% sales month (60% -2%) $171,100 ($295,000 * 58%) July
25% ffg month 60,000 ($240,000 * 25%) June
12% second month 21,000 ($175,000 * 12%) May
Estimated cash collections = $252,100
b. Estimated July Cash Payments for Purchases:
July
Cost of purchases $122,000
50% purchase month 61,000
50% ffg month 47,200
Total payment for purchases $108,200
c. July Selling and Administrative Expenses:
Monthly fixed expenses $72,000
Variable expenses ($5 * 5,900) 29,500
Total selling and admin expenses $101,500
d. Cash Receipts Over Disbursements for July:
Beginning cash balance $125,000
Total cash receipts 252,100
Total cash available $377,100
Cash Disbursements:
Purchases $108,200
Selling and Admin. 101,500
Total cash disbursements $209,700
Cash balance $167,400
Explanation:
a) Data and Calculations:
Selling price of product = $50 per unit
Purchase cost of product = $20 per unit
Total budgeted sales for the year = $3,000,000
Total budgeted sales for the year (units) = 60,000 units
Month Sales Revenue Unit Sales
May $175,000 3,500 ($175,000/$50)
June 240,000 4,800 ($240,000/$50)
July 295,000 5,900 ($295,000/$50)
August 320,000 6,400 ($320,000/$50)
July 1 Account Balances:
Cash = $125,000
Merchandise inventory = $47,200
Accounts receivable (sales) = $84,530
Accounts payable (purchases) = $47,200
Payment of Purchases:
50% purchase month
50% ffg month
Cash collections from sales:
58% sales month (60% -2%)
25% ffg month
12% second month
Ending inventory = 40% of the budgeted sales in units in the next month
Total budgeted selling and administrative expenses (excluding bad debts) = $1,200,000
Fixed expense = $864,000 ($1,200,000 * 3/4) - $36,000
Monthly fixed expenses = $72,000 ($864,000/12)
Variable selling expenses = $300,000 ($1,200,000 - $900,000)
Variable selling expenses per unit = $5 ($300,000/60,000)
Purchases Budget
June July
Ending inventory 2,360 2,560
Sales 4,800 5,900
Units available for sale 7,160 8,460
Beginning inventory 1,920 2,360
Purchases 5,240 6,100
Cost of purchases $104,800 $122,000 (6,100 * $20)
The demand for textbooks is Q = 200 – P + 25 U – 50 P beer. Assume that the unemployment rate U is 8 and the price of beer P beer is $2. When the average price of a textbook is P = $100, the price elasticity of demand is:
Answer: -0.5
Explanation:
Based on the information given, the price elasticity of demand will be calculated as follows:
= dQ/dP × P/Q
where,
dQ/dP = -1
P = 100
Q = 200 – P + 25 U – 50 P beer
Q = 200 - 100 + 25(8) - 50(2)
Q = 200 - 100 + 200 - 100
Q = 200
Therefore, dQ/dP × P/Q
= -1 × (100/200)
= -1 × 1/2
= -1 × 0.5
= -0.5
The price elasticity of demand is -0.5.
the role of manager to organization is to?
Answer:
A manager has to perform functions like planning, organizing, staffing, directing and controlling. All these functions are essential for running an organization smoothly and achieving enterprise objectives. Planning is required for setting goals and establishing strategies for coordinating activities.
The Foster Insurance company developed standard times for processing claims. When a claim was received at the processing center, it was first reviewed and classified as simple or complex. The standard time for processing was:
Question Completion:
simple claim - 36 mins
complex claim - 1.25 hrs
Employees were expected to be productive 7.5 hrs per day. Compensation costs were $135 per day per employee. During July, which had 20 working days, the following number of claims were processed:
simple claims - 3,000 processed
complex claims - 960 processed
REQUIRED
a. Calculate the number of workers that should have been available to process July claims.
b. Assume that 23 workers were actually available throughout the month of july. calculate a labor efficiency variance expressed as both a number of workers and a dollar amount for the month.
Answer:
The Foster Insurance Company
a. The number of workers that should have been available to process July claims is;
= 20 workers.
b. Labor efficiency variance:
Number of workers = 3 U
Dollar value of variance = $8,100 U
Explanation:
a) Data and Calculations:
Standard time for processing simple claims = 36 minutes (0.6 hours)
Standard time for processing complex claims = 1.25 hours
Compensation costs per employee per day = $135
Expected number of hours per employee per day = 7.5 hours
Number of days worked in the month of July = 20 days
Number of simple claims processed = 3,000
Number of complex claims processed = 960
Total number of hours for processing claims in July:
Simple claims = 1,800 (3,000 * 0.6 hours)
Complex claims = 1,200 (960 * 1.25 hours)
Total hours worked in July = 3,000 hours
Hours worked per day = 150 hours (3,000/20 days)
Standard number of workers to process July claims = 20 (150/7.5)
Actual number of workers available for July claims = 23
Labor efficiency variance:
Number of workers = 3 U (20 - 23)
Dollar value of variance = $8,100 U (20 - 23) * ($135 * 20)
Koczela Inc. has provided the following data for the month of May: Inventories: Beginning Ending Work in process $ 29,000 $ 24,000 Finished goods $ 58,000 $ 62,000 Additional information: Direct materials $ 69,000 Direct labor cost $ 99,000 Manufacturing overhead cost incurred $ 75,000 Manufacturing overhead cost applied to Work in Process $ 73,000 Any underapplied or overapplied manufacturing overhead is closed out to cost of goods sold. The cost of goods manufactured for May is:
Answer:
cost of goods manufactured= $246,000
Explanation:
To calculate the cost of goods manufactured, we need to use the following formula:
cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP
cost of goods manufactured= 29,000 + 69,000 + 99,000 + 73,000 - 24,000
cost of goods manufactured= $246,000
Scenario: Roberto Baldwin As the owner and manager of Fantastic Toys, Roberto Baldwin is fascinated by all the changes occurring and transforming the workplace. Roberto is concerned about the important OB trends that he can understand and take advantage of in developing and positioning his company in the marketplace. If Roberto wants to study deep-level diversity in his organization, he should
Answer: increases its connectivity with people and organizations in other parts of the world.
Explanation:
You can check the options online on the site.
Deep-level diversity simply refers to the traits that are non-observable which such as norms, attitudes, beliefs, and values.
Since Roberto wants to study deep-level diversity in his organization, therefore, he should increases its connectivity with people and organizations in other parts of the world. This will help him in learning about the norms and values of other people.
On October 1, 2016, Adams Company paid $4,200 for a two-year insurance policy with the insurance coverage beginning on that date. As of December 31, 2016, which of the following account balances are correct after adjusting entries have been made?a. Prepaid insurance $4,200, and Insurance expense $0.b. Prepaid insurance $0, and Insurance expense $4,200.c. Prepaid insurance $2,100, and Insurance expense $2,100.d. Prepaid insurance $3,675, and Insurance expense $525.
Answer:
d. Prepaid insurance $3,675, and Insurance expense $525.
Explanation:
Preparation of the journal entry to determine which of the following account balances are correct after adjusting entries have been made
Based on the information given the account balances that are correct after adjusting entries have been made will be PREPAID INSURANCE $3,675, and INSURANCE EXPENSE $525.
First step is to calculate the amount the company pay per month
Amount pay per month=$4,200/24 months
Amount pay per month = $175 per month
Last step
Since Three months have been used which are October, November, and December which means that $175 per month × 3 months = $525 which will be recorded as INSURANCE EXPENSE while the balance in PREPAID INSURANCE will be $4,200 - $525 = $3,675
On September 1, Home Store sells a mower (that costs $120) for $420 cash with a one-year warranty that covers parts. Warranty expense is estimated at 6% of sales. On January 24 of the following year, the mower is brought in for repairs covered under the warranty requiring $29 in materials taken from the Repair Parts Inventory.
Required:
Prepare the September 1 entry to record the mower sale (and cost of sale) and the January 24 entry to record the warranty repairs.
Answer: See explanation
Explanation:
The entry is prepared below:
Sep-01
Dr Cash $420
Cr Sales revenue $420
(To record the mower sales)
Sep-01
Dr Cost of goods sold $120
Cr Finished goods inventory $120
(To record the cost of mower sales)
Sep-01
Dr Warranty expense (6% x $420) = $25.20
Cr Warranty liability $25.20
(To record the estimated warranty expense)
Jan-24
Dr Warranty liability $29
Cr Repair parts inventory $29
(To record the cost of warranty repairs)
Strohrmann, a large-scale bakery in Pennsylvania, is laying out a new production process for their packaged bread, which they sell to several grocery chains. It takes 10 minutes to bake the bread. How large an oven is required so that the company is able to produce 3859 units of bread per hour
Answer:
See below
Explanation:
Given the above information, computation of quantity of the oven is seen below;
Inventory = flow rate × Flow time
Inventory = 3,859 units per hour × 10 minutes × 1 hour / 60 minutes
Lin Corporation has a single product whose selling price is $140 per unit and whose variable expense is $70 per unit. The company’s monthly fixed expense is $31,600. Required: 1. Calculate the unit sales needed to attain a target profit of $8,300. (Do not round intermediate calculations.) 2. Calculate the dollar sales needed to attain a target profit of $10,000. (Round your intermediate calculations to the nearest whole number.)
Answer:
Results are below.
Explanation:
Giving the following information:
Selling price= $140
Unitary variable cost= $70
Fixed cost= $31,600
To calculate the number of units to be sold to obtain a profit of $8,300, we need to use the following formula:
Break-even point in units= (fixed costs + desired profit) / contribution margin per unit
Break-even point in units= (31,600 + 8,300) / (140 - 70)
Break-even point in units= 570
Now, the dollar sales for $10,000 profit:
Break-even point (dollars)= (fixed costs + desired profit) / contribution margin ratio
Break-even point (dollars)= (31,600 + 10,000) / (70/140)
Break-even point (dollars)= $83,200
Murphy started putting $100/month into his 401(k) earning 6% APR when he was 22 years old. How much will be in his account when he retires at age 62, if interest is compounded monthly?
Answer:
$199,149.08
Explanation:
a = 100, i=0.06/12=0.005, n=40*12=480, FVA = Future value of annuity
FVA = A*[(1+i)^n - 1/ i]
FVA = 100 * [(1+0.005)^480 - 1 / 0.005]
FVA = 100 * [9.957454/ 0.005]
FVA = 100 * 1991.4908
FVA = $199,149.08
So, the amount that will be in his account when he retires at age 62 is $199,149.08.
recurring sale and purchase is the Hallmark of the business justify the answer
Answer:
Recurring or Repeated transaction of purchase and sale means business due to following reasons :-
》Incentivize your customers with points.
》Grow your customer base through referral programs.
》Improve customer retention with VIP programs.
》Create exclusive discounts for loyal customers.
》Use email retargeting to win customers back.
》Boost repeat purchases through personalized campaigns.
During January, its first month of operations, Dieker Company accumulated the following manufacturing costs: raw materials $5,500 on account, factory labor $6,400 of which $5,800 relates to factory wages payable and $600 relates to payroll taxes payable, and factory utilities payable $3,100.
Prepare journal entries for each type of manufacturing cost.
Answer: See explanation
Explanation:
The journal entries for each type of manufacturing cost is prepared below:
Dr Raw material inventory $5500
Cr Account payable $5500
(To record purchase of raw material on account)
Dr Factory labor $6400
Cr Factory wages payable $5800
Cr Payroll taxes payable $600
(To record factory labor costs)
Dr Manufacturing overhead $3100
Cr Utilities payable $3100
(To record entry for utilities payable)
Blum Company produces three products: A, B, and C from the same process. Joint costs for this production run are $2,100. Pounds Sales price per lb. at split-off Disposal cost per lb. at split-off Further processing per pound Final sales price per pound A 800 $6.50 $3.00 $2.00 $7.50 B 1,100 8.25 4.20 3.00 10.00 C 1,500 8.00 4.00 3.50 10.50 If the products are processed further, Blum Company will incur the following disposal costs upon sale: A, $3.00; B, $2.00; and C, $1.00. Refer to Blum Company. Using a physical measurement method, what amount of joint processing cost is allocated to Product A (round to the nearest dollar)
Answer:
$416
Explanation:
Calculation to determine the amount of joint processing cost that is allocated to Product A
First step is to determine the split-off Total
Yards Sales price
at split-off Total
A 800 *$6.50= $5,200
B 1,100* $8.25= $9,075
C 1,500*$8.00=$12,000
Total $26,275
Now let determine the amount of joint processing cost that is allocated to Product A
Product A joint processing cost=($5,200/$26,275) * $2,100
Product A joint processing cost=$416
Therefore Using a physical measurement method, what amount of joint processing cost is allocated to Product A is $416
On January 1, 2012, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2012: (Chart) Kaltop earned net income for 2012 of $126,000 and paid dividends of $48,000 during the year. In Cale's accounting records, what amount would appear on December 31, 2012 for equity in subsidiary earnings
Answer:
The correct option is D) $127,000.
Explanation:
Note: This question is not complete. The complete question is therefore provided before answering the question as follows:
On January 1, 2012, Cale Corp. paid $1,020,000 to acquire Kaltop Co. Kaltop maintained separate incorporation. Cale used the equity method to account for the investment. The following information is available for Kaltop's assets, liabilities, and stockholders' equity accounts on January 1, 2012:
Book Value Fair Value
Current assets $120,000 $120,000
Land 72,000 192,000
Building (20yr life) 240,000 268,000
Equipment (10yr life) 540,000 516,000
Current Liabilities 24,000 24,000
Long-term Liabilities 120,000 120,000
Common Stock 228,000
Additional Paid-in Capital 384,000
Retained Earnings 216,000
Kaltop earned net income for 2012 of $126,000 and paid dividends of $48,000 during the year.
In Cale's accounting records, what amount would appear on December 31, 2012 for equity in subsidiary earnings?
A) $ 77,000.
B) $ 79,000.
C) $125,000.
D) $127,000.
E) $ 81,800.
The explanation of the answer is now provided as follows:
Total amortization of allocations for 2012 = ((Building fair value – Building book value) / 20 year) + ((Equipment fair value - Equipment book value) / 10 years) = (($268,000 - $240,000) / 20) + (($516,000 - $540,000) / 10) = -$1,000
Amount for equity in subsidiary earnings on December 31, 2012 = Kaltop earned net income for 2012 - Total amortization of allocations for 2012 = $126,000 - (-$1,000) = $126,000 + $1,000 = $127,000
The amount that would appear on December 31, 2012 for equity in subsidiary earnings is $127,000. Therefore, the correct option is D) $127,000.
Over the period of 1926 to 2017, small-company stocks had an average return of ________ percent. Group of answer choices
Answer:
12.1%
Explanation:
Over the period of 1926 to 2017, small-company stocks had an average return of ___12.1%_____ percent. 12.1% was the highest rate of small stock during the period of 1926 to 2017.