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4 years ago

A variable expense is a _____.

2 answers:

6 0

The word variable comes from a root word "vary" which means to differ or not constant. Now, applying this to the given item, the variable expense means the costs that changes. The answer is therefore the fourth choice.

marishachu [46]4 years ago

6 0

The answer is the third option.

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At the end of last year, the company's assets totaled $877,000 and its liabilities totaled $748,500. During the current year, th

sergey [27]

Answer:

The options are:

A $34,850.

B $163,350.

C $128,500.

D $188,200.

$ 163,350.00,option B is correct

Explanation:

At the beginning of the current year ,the stockholders equity is the difference between total assets of $877,000 and total liabilities of $748,500 i.e $128,500 .

However,the increase or decrease to stockholders' equity in the current year is the difference between increase in total assets of $59,700 and the the increase in liabilities of $24,850 i.e $ 34,850.00

Hence stockholders' equity=the initial stockholders' equity+increase=$128,500+$ 34,850=$ 163,350.00

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3 years ago

The term ______________________ refers to a market exchange that affects a third party who is outside or external to the exchang

Goshia [24]

The term spillover refers to a market exchange that affects a third party who is outside or external to the exchange. This is further explained below.

<h3>What is spillover?</h3>

Generally, A spillover effect occurs when an occurrence in one nation has an influence on the economy of another nation, often one that is more reliant on the economy of the first nation.

In conclusion, A market exchange that has an effect on a third party that is not part of the transaction is referred to as having a spillover.

Read more about spillover

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8 0

2 years ago

Starbucks investigates coffee bean growing regions and before it contracts to buy the beans from local growers, sets up clinics

expeople1 [14]

This is an example of the company acting on its perception of its "social responsibility".

Social responsibility<span> is a moral system and recommends that an element, be it an association or individual, has a commitment to act for the advantage of society generally. Social responsibility<span> is an obligation each individual needs to perform in order to keep up a harmony between the economy and the ecosystems. </span></span>

6 0

3 years ago

Harper, Inc. acquires 40 percent of the outstanding voting stock of Kinman Company on January 1, 2017, for $228,600 in cash. The

prisoha [69]

Answer:

Profit on entire additional sales made during the year is $108000 - $67500 = $ 40500.

Therefore, Gross Profit Margin = $40500 / $108000 = 37.5%

Now, 30% of this inventory had been resold to outside parties by the end of the year, that means profit for such inventory is being recorded twice.

Hence provision for such profit = ($108000 x 30%) x Gross Profit Margin = $32400 x 37.5% = $12150

As ownership of Harper in the company is 40%, the amount of unrealised gain to be recorded in his books will be

$12150 x 40% i.e. $4860 .

Explanation:

Preparing All Journal Entries for Harper for 2017 and 2018 in Connection with this Investment by Assuming that the Equity Method is Applied:

Date General Journal Debit Credit

1/1/2017 Investment in Kinman Co $228,600

Cash $228,600

(To record initial investment)

During 2017 Dividends Receivable $9,200

Investment in Kinman Co $9,200

(To record dividend declaration: $23,000 * 40%)

Cash $9,200

Dividends Receivable $9,200

(To record receipt of dividend)

12/31/2017 Equity in Kinman Income - Loss $23,760

Other Comprehensive Loss of Kinman $9,280

Investment in Kinman Co $33,040

(To record accrual of income and OCI from equity investee, 40% of reported balances)

12/31/2017 Equity in Kinman Income - Loss $3,350

Investment in Kinman Co $3,350

(To record amortization relating to acquisition Of Kinman )

12/31/2017 Equity in Kinman Income-Loss $1,890

Investment in Kinman Co $1,890

(To defer unrealized gross profit on intra-entity Sale )

During 2018 Dividends Receivable $10,000

Investment in Kinman Co $10,000

(To record dividend declaration: $25,000 * 40%)

Cash $10,000

Dividends Receivable $10,000

(To record receipt of dividend)

12/31/2018 Investment in Kinman Co $19,600

Equity in Kinman Income $19,600

(To reccord the 40% accrual income as earned by equity investee)

12/31/2018 Equity in Kinman Income $3,350

Investment in Kinman Co $3,350

(To record the amortization relating to the Acquisition of Kinman)

12/31/2018 Investment in Kinman Co $1,890

Equity in Kinman Income $1,890

(To recognize income deferred from 2017)

12/31/2018 Equity in Kinman Income $4,860

Investment in Kinman Co $4,860

(To deferred Unrealized gross profit on intera equity sale )

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3 years ago

The ______ process consists of the analyses, decisions, and actions an organization undertakes in order to create and sustain co

Natali [406]

Strategic management

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2 years ago