Answer:
Investment revenue = $52,000
Explanation:
Since Puff uses the equity method, the original journal entry to record the purchase of 40% of the shares should have been:
Dr Investment in Straw 400,000
Cr Cash 400,000
After one year, Straw earned $150,000 in net income, but it also had equipment with a fair market value higher than carrying value also depreciable by $100,000. So the net income must be adjusted = $150,000 - ($100,000 x 20%) = $130,000. The journal entry to record the adjusted income should be ($130,000 x 40%):
Dr Investment in Straw 52,000
Cr Investment revenue 52,000
Answer:
Controlling function
Explanation:
Management is an authority that is hiring in the company or business for gaining profit and provide stability to the business. In business, management authorities have the power to control and decide the necessary step that provides gain to the business.
In the case of American Airlines, management has all Controlling functions that help them to get back business on track.
Answer: market testing
Explanation: In simple words, market testing refers to the process in which a product is tested in real situation with actual potential customers before introducing it to the market. Market testing is usually done for the purpose of detecting problem so that appropriate changes could be made in the product.
In the given case, the company introduced its ice cream to only few numbers of customers to evaluate their reactions.
Hence that were at market testing stage
Answer:
The answer is 44.84%
Explanation:
39% tax bracket takes back the advantage of the lower 15% and 25% tax rates.
The process will finish once the income that is taxable gets to $10 million.
Therefore, you can get the tax attributable to taxable income which ranges from $335,000 to $10 million by using all the rates in the above schedule or, more simply, by multiplying by 34%
208000*34% = 50000*15% + 25000*25% + 25000*34% + 108000*T%
70720 = 22250 +108000*T%
T=44.84%
