Answers
Related Questions
Problem-6; (chapter 3) SS Ltd. obtained significant influence over YY Ltd by buying 30% of Y's 100,000 outstanding ordinary shares at a cost of Br 18 per share on January 1, 2022. On May 15, YY declared and paid a cash dividend of Br 150,000. On December 31, YY reported net income of Br 270,000 for the year. (a) record acquisition of shares (a) record revenue and dividends
Answers
(a) Record acquisition of shares: Investment in YY Ltd. Dr. Br 540,000, Cash Cr. Br 540,000.
(a) Record revenue and dividends: Dividend Receivable Dr. Br 45,000, Revenue from Investment in YY Ltd. Cr. Br 45,000; Investment in YY Ltd. Dr. Br 81,000, Revenue from Investment in YY Ltd. Cr. Br 81,000.
(a) To record the acquisition of shares by SS Ltd. on January 1, 2022:
Investment in YY Ltd. (30% of 100,000 shares * Br 18) Dr. Br 540,000
Cash Cr. Br 540,000
This journal entry records the purchase of 30% of YY Ltd.'s outstanding shares for a total cost of Br 540,000.
(b) To record revenue and dividends for the year:
On May 15, YY Ltd. declared and paid a cash dividend of Br 150,000. This dividend represents the portion of the company's earnings that will be distributed to its shareholders.
Dividend Receivable Dr. Br 45,000 (30% of Br 150,000)
Revenue from Investment in YY Ltd. Cr. Br 45,000
This entry recognizes the dividend revenue earned by SS Ltd. from its investment in YY Ltd.
On December 31, YY Ltd. reported net income of Br 270,000 for the year. As SS Ltd. has significant influence over YY Ltd., it needs to adjust its investment account for its share of the net income.
Investment in YY Ltd. Dr. Br 81,000 (30% of Br 270,000)
Revenue from Investment in YY Ltd. Cr. Br 81,000
This entry records the revenue earned by SS Ltd. from its share of YY Ltd.'s net income.
For more question on Investment visit:
https://brainly.com/question/29547577
#SPJ8
Which of these is an example of a monopoly? Utility companies Soda companies Airlines Computer companies
Answers
Utilities firms are one example of a monopoly among the possibilities given. When they are the exclusive provider of these necessary services in a certain region, utility firms, such as those that provide electricity, water, or natural gas, frequently act as Monopoly. As a result, customers are virtually forced to adopt the services offered by the local utility company since they have no other alternatives.
The Landlord's Game, which was developed by Lizzie Magie in the United States in 1903 to advance Henry George's economic theories, particularly his views on taxation, and to show that an economy that rewards Utilities individuals is preferable to one in which monopolies hold all the wealth, is the source of Monopoly.
The Landlord's Game originally featured two sets of rules, one that included taxes and another that serves as the foundation for the present regulations.
Learn more about monopoly, from :
brainly.com/question/31918762
#SPJ1
Provide an argument for how Coke's disastrous marketing campaign for New Coke might actually have been a good thing for the company's core product.
Answers
How often should a business prove cash?
O A. as often as necessary
OB. only once a year
OC. only once a month
D. only after a bank reconciliation
Answers
Answer:The answer is A
Explanation:
A company issued 10-year bonds three years ago with a coupon of 7 percent. If the current
market rate is 8 percent and the bonds make annual coupon payments, what is the current
market value of one of these bonds? what is the current market value of one of these bonds if it
was a zero-coupon rate? (2.5 Marks)
Answers
The current market value of one of these bonds with a 0% coupon rate is approximately $540.60.
What is market value?Market value is the amount that an asset would sell for on the open market or the estimation that the financial community makes of a specific equity or company.
To calculate the current market value of a bond with a coupon rate, we can use the present value of an annuity formula:
P = C / r * (1 - 1 / \((1 + r)^n\)) + FV / \((1 + r)^n\)
For a bond with a face value of $1,000, a coupon rate of 7%, and a market interest rate of 8%, the annual coupon payment is $70 ($1,000 x 7%).
The number of years to maturity is 7 (10 years - 3 years). Using these values in the formula, we get:
P = $70 / 0.08 x (1 - 1 / \((1 + 0.08)^7\)) + $1,000 / \((1 + 0.08)^7\)
P = $70 / 0.08 x 4.868 + $1,000 / \(1.08^7\)
P = $70 / 0.08 x 4.868 + $508.43
P = $759.73
Therefore, the current market value of one of these bonds with a 7% coupon rate is approximately $759.73.
For a zero-coupon bond, we can use the formula:
P = FV / \((1 + r)^n\)
P = $1,000 / \((1 + 0.08)^7\)
P = $540.60
Therefore, $540.60 is the current market value of one of these bonds with a 0% coupon rate.
For more details regarding market value, visit:
https://brainly.com/question/15148120
#SPJ9
Mrs Lopez is an independent agent
Answers
The statement that best describes the responsibilities of Ms. Lopez is: Ms. Lopez is considered a marketing representative of BestCare and thus is obligated to comply with CMS marketing requirements, including using only approved call scripts.
Who is a marketing representative?A marketing representative can be defined as someone whose duties is to advertise product to potential customers by creating brand or product awareness so as to attract buyers to the product.
Mrs lopez is a marketing representative of BestCare since we were told that Ms. Lopez tend to returns calls to individuals who contact MarketCo in response to its mailers promoting BestCare health plan.
Therefore the statement that best describes the responsibilities of Ms. Lopez is: Ms. Lopez is considered a marketing representative of BestCare and thus is obligated to comply with CMS marketing requirements, including using only approved call scripts.
Learn more about marketing representative here:https://brainly.com/question/28441662
#SPJ1
The complete question is:
Ms. Lopez is an independent agent under contract with MarketCo, a third-party marketing organization. MarketCo has a contract with BestCare health plan, a Medicare Advantage (MA) organization, to offer marketing services through its contracted agents and agencies. Ms. Lopez returns calls to individuals who contact MarketCo in response to its mailers promoting BestCare health plan. Which of the following best describes the responsibilities of Ms. Lopez?
Natalie had a very busy December. At the end of the month, after journalizing and posting the December transactions and adjusting entries, Natalie prepared the following adjusted trial balance.
COOKIE CREATIONS
Adjusted Trial Balance
December 31, 2021
Debit
Credit
Cash
$1,230
Accounts Receivable
910
Supplies
360
Prepaid Insurance
1,260
Equipment
1,200
Accumulated Depreciation—Equipment
$40
Accounts Payable
80
Salaries and Wages Payable
58
Interest Payable
15
Unearned Service Revenue
310
Notes Payable
2,100
Owner’s Capital
830
Owner’s Drawings
520
Service Revenue
4,623
Salaries and Wages Expense
1,046
Utilities Expense
130
Advertising Expense
170
Supplies Expense
1,065
Depreciation Expense
40
Insurance Expense
110
Interest Expense
15
$8,056
$8,056
Using the information in the adjusted trial balance, do the following.
(a1)
Prepare an income statement for the 2 months ended December 31, 2021. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).)
COOKIE CREATIONS
Income Statement
choose the accounting period
select an opening name for section one
enter an income statement item
$enter a dollar amount
select an opening name for section two
enter an income statement item
$enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
enter an income statement item
enter a dollar amount
select a closing name for section two
enter a total amount for section two
select a closing name for this statement
$enter a total net income or loss amount
eTextbook and MediaAssistance Used
eTextbook 1
eTextbook 2
List of Accounts
Attempts: 0 of 3 used
(a2)
(a3)
(b)
(c)
Answers
The income statement for the 2 months ended December 31, 2021 is $2,047.
Income statementRevenue:
Service revenue (A) 4,623
Operating expenses:
Add: Salaries and wages expense 1,046
Add: Utilities expense 130
Add: Advertising expense 170
Add: Supplies expense 1,065
Add: Depreciation expense 40
Add: Insurance expense 110
Total operating expenses (B) 2,561
Operating income (C = A - B) 2,062
(4,623-2,561)
Less: Interest expense 15
Net income $2,047
Inconclusion the income statement for the 2 months ended December 31, 2021 is $2,047.
Learn more about income statement here:https://brainly.com/question/24498019
Beverly Mills has decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accom-modate a variety of driving patterns. All the leases are for 3 years and require no money at the time of signing the lease. The first option has a monthly cost of $330, a total mileage allowance of 36,000 miles (an average of 12,000 miles per year), and a cost of $0.35 per mile for any miles over 36,000. The following table summarizes each of the three lease
options:
(See photos below)
Answers
Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
Beverly Mills decided to lease a hybrid car to save on gasoline expenses and to do her part to help keep the environment clean. The car she selected is available from only one dealer in the local area, but that dealer has several leasing options to accommodate a variety of driving patterns.All the leases are for 3 years and require no money at the time of signing the lease.
The three lease options available to Beverly Mills are as follows:
Option 1:Monthly cost: $330Total mileage allowance: 36,000 miles (an average of 12,000 miles per year)Cost for any miles over 36,000: $0.35 per mile
Option 2:Monthly cost: $460Total mileage allowance: 45,000 miles (an average of 15,000 miles per year)Cost for any miles over 45,000: $0.45 per mile
Option 3:Monthly cost: $540Total mileage allowance: 60,000 miles (an average of 20,000 miles per year)Cost for any miles over 60,000: $0.55 per mile
Therefore, Beverly Mills has three leasing options to choose from. Each of these options differs in terms of the monthly cost, the total mileage allowance, and the cost for any miles over the set mileage allowance. Depending on her driving patterns, Beverly Mills can select the option that suits her the best.
For more such questions on allowance
https://brainly.com/question/14191260
#SPJ8
Data mining would be most helpful to a manager that wants to
Answers
Data mining would be most helpful to a manager that wants to discover unexpected relationships among the data stored by his/her organization.
Businesses employ the technique of data mining to transform unstructured data into information that is useful. Organization may learn more about their consumers to create more profitable campaigns, boost sales, and save expenses by utilizing software to explore for patterns in massive quantities of data. The efficient gathering, storage, and processing of data are essential for data mining.
Based on user requests, data mining tools examine correlations and patterns in data. An organization may employ data mining software to produce information classifications, for instance. As an example, consider a restaurant that wishes to utilize data mining to figure out when to run specific specials. It examines the data it has gathered and establishes classifications according to the frequency of client visits and the items they purchase.
Learn more about Data Mining here:
https://brainly.com/question/2596411
#SPJ1
Explaining your business partner has decided he wants to merge your business-healthy foods-with former competitor beta burger. He’s told you about the advantages, but you’ve got your doubts. What possible disadvantages about the merger would you explain to your partner before you both make your decision?
Answers
Prior to deciding upon a merger with Beta Burger, certain potential drawbacks should be examined:
What possible disadvantages about the merger would you explain to your partner before you both make your decision?Brand Misrepresentation: Merging with a formerrival could bewilder patrons regarding the values of your business. They may possibly associate it with cheap fast-food outlets, conversely deterring those desirous of eating healthy meals.
Cultural Contradiction: Should the cultures at both companies be contrary in nature, it could result in arguments and an absence of collaboration among workers from either side. This discord could then have an adverse impact on morale and productivity for the staff.
Read more on merger here:https://brainly.com/question/1977165
#SPJ1
pls help!!! will give brainly!!!!
Carlita studied mechanics in school and has a background in sales. What company in the Transportation and Logistics cluster might be interested in hiring Carlita?
a large port looking for a logistical engineer
a company that makes and sells railway cars looking for a representative
a government agency in need of a safety inspector
a shipping company looking for a warehouse manager
Answers
Answer:
Warehouse manager
Explanation:
Answer:
A company that makes and sells railway cars looking for a representative
Explanation:
Carlita has a background for sales, and she also studies mechanics. The company makes and sells railway cars, just like Carlita.
If you are a self-employed professional, which plan would work for you?
Answers
If you are a self-employed professional, the plan that would work for is solo 401(k), also known as an independent 401(k) plan.
One possibility If you are self-employed, you should consider a solo 401(k), which is referred to as an independent 401(k). In fact, the Solo 401(k) possesses some advantages over other types of self-employment retirement accounts.
There are a few prerequisites for investing in a solo 401(k). You must generate your own revenue through your own business. And the company must be run solely by you or by you and your partner. Another is simplified employee pension plan, which is an instance of IRA for small business owners as well as self-employed individuals. A simplified employee pension plan (SEP) allows business owners to contribute to their employees' retirement savings in addition to their own.
Learn more about self-employed, here:
https://brainly.com/question/30132242
#SPJ1
What kind of system is the United States economy based on?
Answers
Answer:
capitalism
Explanation:
usa mainly runs on capitalism
Jiminy’s Cricket Farm issued a bond with 25 years to maturity and a semiannual coupon rate of 4 percent 3 years ago. The bond currently sells for 108 percent of its face value. The company’s tax rate is 22 percent.
Answers
Answer:
Pretax cost of debt = 3.48%
Aftertax cost of debt = 2.71%
Explanation:
Missing word "What is the pretax cost of debt and aftertax cost of debt"
Coupon rate = 4%
YTM = 22
Nper = YTM*2 = 44
PMT = 1000*4%/2 = 20
FV = 1000
PV = 1080
Rate = rate(nper, pmt, -pv, fv)
Rate = rate(44, 20, -1080, 1000)
Rate = 0.0174
Rate = 1.74%
Pretax cost of debt = Rate * 2
Pretax cost of debt = 1.74% * 2
Pretax cost of debt = 3.48%
Aftertax cost of debt = [3.48% * (1 - 0.22)]
Aftertax cost of debt = 3.48% * 0.78
Aftertax cost of debt = 0.0348 * 0.78
Aftertax cost of debt = 0.027144
Aftertax cost of debt = 2.71%
Why is Organizational Culture critical to an organization's success?
Answers
Answer:
The culture at your organization sets expectations for how people behave and work together, and how well they function as a team.
Explanation:
You're welcome.
Which food must be cooked to at least 145°F (63°C)?
O a. Cheese fries
O b. Baked potatoes
c. Steamed broccoli for a buffet table
O d. Scrambled eggs for a customer order
Answers
Answer:
d scrambled eggs
Explanation:
Answer:d
Explanation:
Two agencies that focus on protecting employees are? (A)-SEC and EPA (B)-ATF and EEOC (C)-FDA and CPSC (D)-OSHA and EEOC
Answers
Answer:
(D)-OSHA and EEOC
Explanation:
OSHA stands for Occupational Safety and Health Administration. It is a government agency that was established by Congress to promote and ensure a safe workplace for all employees. OSHA has developed guidelines and regulations to be implemented in all workplaces to guarantee the safety and health of employees. The agency employs field officers who visit workplaces to ensure compliance with set regulations.
EEOC stands for Equal Employment Opportunity Commission. It is an agency in the US responsible for promoting fairness and equal treatment for all workers. EEOC enforces laws that make it unlawful to discriminate against any employees based on race, age, color, religion, gender, sexual orientation, national origin, disability, or genetic information.
A population of 478 rats has been undergoing linear growth over a five-year period. if the average growth rate was 1.4 rats per year, what was the approximate size of the initial population
Answers
Answer:
I think is 471, because the population have a LINEAR GROWTH over FIVE year, so we just need to do some math here to find the initial population: 1.4*5=7 478-7=471. Hope it helps :).
Explanation:
The approximate size of the initial population of the rats given the linear growth rate is 471.
What is the approximate size of the initial population?
When a population grows linearly,it increases by a fixed number each year. The equation that can be used to represent the linear growth is:
initial population + (growth rate x number of years)
Initial population = population now - growth rate x number of years)
478 - (1.4 x 5) = 471
To learn more about linear functions, please check: https://brainly.com/question/26434260
#SPJ2
Brief Exercise 22-07 Sunland Company classifies its selling and administrative expense budget into variable and fixed components. Variable expenses are expected to be $26,020 in the first quarter, and $5,140 increments are expected in the remaining quarters of 2020. Fixed expenses are expected to be $41,120 in each quarter. Prepare the selling and administrative expense budget by quarters and in total for 2020.
Answers
Answer:
So whats the question???
Explanation:
how to open a new business?
Answers
Answer:
Conduct market research. Market research will tell you if there's an opportunity to turn your idea into a successful business. ...
Write your business plan. ...
Fund your business. ...
Pick your business location. ...
Choose a business structure. ...
Choose your business name. ...
Register your business. ...
Get federal and state tax IDs.
More items...
ok.......
Assume that interest rate parity (IRP) exists. You expect that the one-year nominal interest rate in the U.S. is 7%, while the one-year nominal interest rate in Australia is 11%. The spot rate of the Australian dollar is $0.60. You will need 10 million Australian dollars in one year. Today, you purchase a one-year forward contract in Australian dollars. How many U.S. dollars will you need in one year to fulfill your forward contract
Answers
Answer:
US $5,784,000
Explanation:
As per interest rate parity, forward rate = Spot rate*(1+Interest rate U.S.)/(1+interest rate Australia)
= 0.60*(1.07)/(1.11)
= 0.5784 /A$
Australian Dollars required in one year = 10,000,000
U.S. Dollars required = 10,000,000 * 0.5784 /A$
U.S. Dollars required = $5,784,000
So, the number of U.S. dollars you will need in one year to fulfill the forward contract is 5,784,000.
c) “Shadow price is the increase in value created by having one additional unit of a limiting resource at original cost”. Provide a comprehensive real world example of where a shadow price can be calculated with multiple limiting factors and with more than one product. Your answer should be in a form of a short case study roughly 4 or 5 sentences. (5 marks)
Answers
A real world example of shadow pricing would be in a case where a manufacturer produces two product A and B with 2 input such as raw materials and labor.
How is this so?Two products (A & B) are produced through the use of two primary resources: labor & raw materials. To produce one unit of product A, we require roughly an hour's worth (60 minutes) of work time from our available pool.
Also, approximately two pounds worth of our current stockpile must be incorporated into each instance as well. Comparatively speaking, producing one unit from group B takes almost three times that much effort (3 hours' time), but only requires about half as much by weight (a single pound).
Our maximum allowance stands at exactly 60 work-hours across all levels plus another hundred pounds maximum in terms concerning these earthly elements - with that established pricing amounts to a flat rate where five dollars buys us one metric pound whereas ten dollars goes towards hourly wages; so what is their shadow price?
When dealing with limited input availability, the optimal allocation of resources and production process optimization can be achieved using shadow prices. In this regard, it has been determined that labor's shadow price stands at $10 per hour while the shadow price for raw materials is set at $5 per pound.
Learn more about Shadow pricing:
https://brainly.com/question/30695369
#SPJ1
1. Explain your understanding of management.
Answers
Answer: Management means directing and controlling a group of people or an organization to reach a goal. Management often means the deployment and manipulation of human resources, financial resources, technological resources, and natural resources.
Hope it helped! if it did please mark me brainliest!!
tysm
Answer:
For me, there are two different meanings for the word management, it is either:
1. it is the process of dealing with or controlling things or people.
OR
2. it is the administration of an organization, whether it is a business, a non-profit organization, or a government body.
The money lost by not working is called
Answers
it's called bankrupt
Why is it important to maintain a career portfolio?
O A. A career portfolio allows you to compare your accomplishments
to those of other job applicants so you know where to improve,
B. A career portfolio allows you to set out goals for your career,
including step-by-step objectives that will lead to those goals,
C. A career portfolio allows you to keep track of everything you need
to do in the future in order to advance your career,
D. A career portfolio allows you to keep track of all skills,
accomplishments, and experience that you may need to apply for
jobs,
Answers
Answer:
D. A career portfolio allows you to keep track of all skills,
accomplishments, and experience that you may need to apply for
jobs,
Explanation:
Maintaining a career portfolio is vital since it enables you to keep track of all the abilities, successes, and experience you could need to apply for positions. Thus, option (D) is correct:
What is experience?Experience refers to conscious events in general, and perceptions in particular, as well as the practical knowledge and familiarity produced by these conscious processes.
Employers may find you more employable if you have a career portfolio because it gives them evidence of your persona, your prior successes, and your transferable abilities.
Therefore, Thus, option (D) is correct:
Learn more about the experience here:
https://brainly.com/question/11256472
#SPJ5
Current liabilities are important because they determine how much
company has.
A. working capital
B. current assets
C. liquid cash
D. stockholders' equity
Answers
Answer:
working capital is calculated by using the current ratio, which is current assets divided by current liabilities. A ratio above 1 means current assets exceed liabilities, and, generally, the higher the ratio, the better.
anyone mind helping me by checking if it’s right and correct them? thank you so much!
Consider the following T-account for cash.
1. Compute the balance of the cash account.
2. Specify which of the following cash transactions would have resulted in the $4,000 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)
Receiving cash from customers
3. Specify which of the following cash transactions would have resulted in the $1,700 posting to the account. (You may select more
than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the
box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded
as incorrect.)
no random answers please ty
Answers
a) The computed cash account debit balance based on the T-account is $5,100.
b) The cash transactions that would have resulted in the $4,000 posting to the cash account include:
Receiving cash from customersIssuing stock (for cash)Borrowing moneySelling assets (for cash).c) The cash transactions that would have resulted in the $1,700 posting to the cash account include:
Paying cash for suppliesPaying cash for utilitiesPaying cash for rentPaying cash for equipmentPaying cash for employees salariesPaying cash for dividends.What transactions are posted to the cash account?Only cash transactions are posted to the cash account.
The transactions include receipt of cash (debited) and payment of cash (credited).
T-accounts are general ledger accounts in the form of the letter T showing the debit and credit sides.
Learn more about the cash account at https://brainly.com/question/24183362
#SPJ1
nicki minaj age and birthday
Answers
Answer:
age= 38 birthday= Dec 8 1982
Answer:
yes no
Explanation:
Can anyone help??? pls
Answers
Discuss the political, social, economic, technological and other
configurations that support cross-border trade by giving examples of any
multinational firms operating in Ethiopia
Answers
Answer: , I can give you an overview of the political, social, economic, and technological factors that support cross-border trade, along with some examples of multinational firms operating in Ethiopia.
Political Factors: - The government's policies and regulations play a significant role in supporting cross-border trade. - A favorable political climate encourages multinational firms to invest in the country.
- Ethiopia has implemented policies aimed at attracting foreign investors, such as tax incentives and relaxed regulations.
- The government's efforts to improve infrastructure, such as roads and ports, has also contributed to the growth of cross-border trade. Social Factors:
- The availability of skilled and affordable labor is an important factor that influences the growth of multinational firms in Ethiopia. - Ethiopia's young and growing population presents an opportunity for firms to expand their markets. - The cultural diversity of the country is also attractive to multinational firms seeking to expand their operations globally. Economic Factors: - Ethiopia has a liberalized economy with a stable macroeconomic environment that supports cross-border trade. - The country has made significant progress in economic reforms, including the privatization of state-owned enterprises. - Ethiopia's strategic location, with access to the Red Sea and proximity to the Middle East and Europe, has made it an attractive destination for multinational firms. Technological Factors: - Technology has played a significant role in supporting cross-border trade, making it easier and more cost-effective. - The use of e-commerce platforms has made it possible for multinational firms to reach customers in different parts of the world. - The availability of high-speed internet and mobile networks has also facilitated cross-border trade. Examples of Multinational Firms Operating in Ethiopia: - Coca-Cola is a global brand that operates in Ethiopia and has invested heavily in the country. - H&M, the Swedish fashion retailer, has opened stores in Ethiopia, taking advantage of the country's textile industry. - Unilever, the British-Dutch consumer goods company, has also invested in Ethiopia, setting up a manufacturing plant for its products. In conclusion, the political, social, economic, and technological factors mentioned above have contributed to the growth of cross-border trade in Ethiopia. This has attracted multinational firms to invest in the country, with many seeing Ethiopia as a potential hub for doing business in Africa
Explanation: