Answer:
$114,100
Explanation:
Data provided:
corporation's net operating income = $11,500
FE Division's divisional segment margin = $80,100
GBI Division's divisional segment margin = $45,500
Now,
the total segment margin
= ( FE Division's divisional segment margin ) + ( GBI Division's divisional segment margin )
on substituting the respective values, we get
the total segment margin = $80,100 + $45,500 = $125,600
Thus,
the common fixed expense not traceable to the individual divisions will be calculated as:
= the total segment margin -corporation's net operating income
on substituting the respective values, we get
= $125,600 - $11,500
= $114,100
Answer:
C) Friday, midnight
Explanation:
In this case, the homeowner is considered a borrower, and federal law gives borrowers three full business days after signing mortgage documents to rescind any loan. Since the loan documents were signed a Tuesday, the borrower has until Friday, midnight to cancel any deal (3 days = Wednesday, Thursday and Friday).
Current market conditions
Answer: $230,500
Explanation:
Based on the information given, to solve the question, we will use the interest rate of 12%. Since the present value factors have already been given, the lease liability to be recorded will then be:
= 50,000 × PV at 12%
= 50000 × 4.61
= $230,500
Therefore, At the beginning of the lease term, Day should record a lease liability of $230,500.
