Before the Civil War, public opinion was largely for union activity.

Is it better to color code, or leave things just how they are??

sweet-ann [11.9K]

color coding makes thing easier to spot and find but too much color can make it even harder than they first were.

6 0

3 years ago

Peel Co. received a cash dividend from a common stock investment. Should Peel report an increase in the investment account if it

Paraphin [41]

Answer:

No, the investment is not increased in any accounting method so it must not be increased.

Explanation:

The reason is that in the cost method, the investment remains the same because the return is treated as income.

In the held for trading, the return received is treated as decrease in the investment because the dividend received decreases the fair value of the investment. Similarly in the equity method the dividend received is treated as cash withdrawal or we can say that dividend received decreases the fair value of the investment.

5 0

4 years ago

Steve and Holly report the following items for 2020: Dividend income $16,000 Interest income 14,000 Itemized deductions (none of

lana [24]

Answer: ($4000)

Explanation:

Based on the information given in the question, the amount that must be added back to taxable income (loss) in calculating their net operating loss, will be:

Dividend income = $16000

Add: Interest income = $14000

Add: Business capital gain = $2000

Less: Business loss = $10000

Less: Itemized deduction = $26000

Taxable loss = ($16000 + $14000 + $2000) - ($10000 + $26000)

= $32000 - $36000

= - $4000

7 0

3 years ago

The 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. What is the firm's cost of preferred stock if

torisob [31]

Answer: 11.978%

Explanation:

From the question, we are informed that the 10.9 percent preferred stock of Rock Bottom Floors is selling for $91 a share. We are further informed that the tax rate is 44 percent and the par value per share is $100.

The firm's cost of preferred stock will be 10.9% multiplied by the par value per share and then divided by the share price of $91. This will be:

= (10.9% × 100)/91

= (0.109 × 100)/91

= 10.9/91

= 0.11978

= 11.978%

7 0

3 years ago

Problem 11-21 Item X is a standard item stocked in a company's inventory of component parts. Each year the firm, on a random bas

Papessa [141]

Answer:

a) the order size of item X should be 137 units

b) the annual ordering cost for item X is $ 272.99

c) the annual holding cost for item X is $ 274

Explanation:

Given the data in the question;

a) Whenever item X is ordered, what should the order size be?

The Economic Order quality EOQ is the optimum quantity that should normally be ordered, its is expressed as;

$Q_{opt$ = √( 2DS/H)

where D is the annual demand, S is set up cost and H is the holding cost.

given that; the annual demand is 1700 units and the holding cost is $4 per unit per year, cost of placing order is $22.

So, we use the Economic Order quality EOQ;

$Q_{opt$ = √( 2DS/H)

we substitute

$Q_{opt$ = √( (2 × 1700 × 22 ) / 4)

$Q_{opt$ = √( 74800 / 4 )

$Q_{opt$ = √18700

$Q_{opt$ = 136.75 ≈ 137 units

Therefore, the order size of item X should be 137 units

b) What is the annual cost for ordering item X.

Annual ordering cost = actual number of placed orders × cost of each order

Annual ordering cost = D/Q × s

we substitute

Annual ordering cost = (1700 / 137) × 22

Annual ordering cost = 12.408759 × 22

Annual ordering cost = 272.99

Therefore, the annual ordering cost for item X is $ 272.99

c) What is the annual cost for storing item X.

Holding cost = average inventory × cost of storage per unit

Holding cost = Q/2 × H

we substitute

Holding cost = 137/2 × 4

Holding cost = 68.5 × 4

Holding cost = $ 274

Therefore, the annual holding cost for item X is $ 274

5 0

3 years ago