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Pepsi [2]
3 years ago
6

An inexperienced accountant for Marigold Corp. showed the following in the income statement: income before income taxes $432,000

and unrealized gain on available-for-sale securities (before taxes) $85,200. The unrealized gain on available-for-sale securities and income before income taxes are both subject to a 33% tax rate. Prepare a correct statement of comprehensive income.
Business
1 answer:
nekit [7.7K]3 years ago
6 0

Answer:

$346,524

Explanation:

Marigold Corp correct statement of Comprehensive Income

Income before income taxes 432,000

Income taxes expenses 142,560

(432,000*33%)

Net Income or loss 289,440

(432,000-142,560)

Other comprehensive income:

Unrealized gain on available-for-sale securities before tax

(85,200-(85,200*33%)

=85,200-28,116

=57,084

Hence:

Comprehensive income:

289,440+57,084

=$346,524

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Suppose you purchase one share of the stock of Red Devil Corporation at the beginning of year 1 for $42.50. At the end of year 1
kkurt [141]

Answer:

17.76%

Explanation:

The computation of the time-weighted return on your investment is given below

But before that we have to do the following calculations

Year 1 = ($46.50 - $42.50) + 2 ÷ ($42.50) × 100 = 14.12%

Year 2 = ($54.50 - $46.50) + 2 ÷ ($46.50) × 100 = 21.51%

Now the time weighted return is

(1 + t)^2 = (1 + 14.12%) × (1 + 21.51%)

= 1.1412 × 1.2151

= √1.3867 - 1

= 17.76%

8 0
2 years ago
Tariffs may raise the price that foreign customers must pay for goods produced in the United States, negatively impacting a U.S.
fenix001 [56]

Answer:

true

Explanation:

tarrifs raise the price of foreign goods

8 0
2 years ago
Manuel wants to sell his new product in foreign countries but with the least amount of risk to himself and his business. what ma
likoan [24]

In my view one of the safest ways to enter markets in foreign countries in strategic alliance with an existing business of that market.This existing business knows about the market Manuel wants to sell its' products in. Furthermore, this would allow Manuel to prepare a strategy accordingly.But, if he forms an alliance with a business that has a bad brand image,it can get tough for Manuel business to even start.Although, I strongly believe that this is one of the safest ways to enter a new market.But,before he takes this step,Manuel must prepare a business plan.


8 0
3 years ago
Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr
klasskru [66]

Answer:

beginning WIP                800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

<u><em>We first, solve for the start and completed: </em></u>

Unit Stated                     25,200

Ending WIP(incomplete)<u>  2,000   </u>

start and complete        23,200

<em><u>Now, we solve for the WIP: </u></em>

<em><u /></em>

Transferred units      24,000

start and complete<u>  (23,200)  </u>

beginning WIP                800

7 0
3 years ago
Sean relocated to take a new job, and when he got sick he needed to find a doctor. He discovered during the visit that he didn't
Usimov [2.4K]

Answer:

The answer is: D) inseparability

Explanation:

Inseparability in marketing means that you can't separate the production of the service from its consumption.

In other words, the doctor who offers the service comes together with the service he offers.

The doctor may have treated Sean's health issues in a correct manner and probably helped to cure Sean, but if Sean doesn't like the doctor then he will not return. Sean can not separate the doctor form the service he delivers.

3 0
3 years ago
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