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3 years ago

In june 2009, when general motors went bankrupt, ______ became its majority stock holder.

1 answer:

5 0

When GM went bankrupt, the <span>the U.S. government became it's majority shareholders.
In order to keep up with the operation, The U.S government obtained the ownership by injecting 500 million shares in 2010. But as per today, the U.S government already sold off all the ownership and resulted in 10 billion dollar lost for the taxpayers.</span>

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Ben and John formed BCD Inc., a corporation, in 2013. Ben received 80% of the voting common stock, the only class of stock and J

Lady_Fox [76]

Answer:

Gain recognized by Ben = $10,000

Explanation:

Given Data:

Adjusted basis of property=$40000

Cash received = $15000

Additional stock received = $35000

Total received = Cash received + Additional stock received

= $35000 + $15000

= $50000

Gain recognized by Ben = Total received - Adjusted basis of property

=$50,000 -$40,000

= $10,000

Therefore, gain recognized by Ben = $10,000

8 0

3 years ago

Peterson Company purchased machinery for $960,000 on January 1, 2014. Straight-line depreciation has been recorded based on a $6

Molodets [167]

Answer:

198,000

Explanation:

(960000 - 60,000) / 5 = 180k

Deprecation expense = 180,000 x 5 = 720,000

Deprecation expense from January to April = 4/12 x 180000

720 + 75h

4 0

3 years ago

Suppose investment is $1,100 billion, private saving is $1,050 billion, and capital inflow from abroad is $100 billion. Solve th

Sauron [17]

Anoveoswer:

The government deficit is $150 billion

Explanation:

Current Account (CA) = Savings(S) -Investment(I).

Current account (CA) is also conventionally defined as (X-M) (value of exports – value of imports) + Net income from abroad. (R)

CA = (X-M) + (R)

In this case CA= $1050 billion - $1100 billion

CA= -$50 billion

Therefore CA = (X-M) + (R)

- $50 billion = x + $100 billion

X-M= -$100 billion + -$50 billion= -$150 billion

8 0

3 years ago

Which of the following will likely lead to cost-push inflation? Select the two correct answers. (1 point)

MakcuM [25]

Considering the available options, the statements that will likely lead to cost-push inflation include <u>"An increase in the price of oil has reduced supply of all goods and services that use oil as an input."</u>

The other options that will likely lead to cost-push inflation are "<u>Consumers become more comfortable with debt, increasing their spending as they take on more loans.</u><u>"</u>

<h3>What is Cost-Push inflation?</h3>

Cost-Push inflation is a type of inflation caused by the rise in the cost of wages and raw materials.

This implies that the rise in wages allows the consumers to spend more money on limited supply.

Also, when the rise in the cost of materials reduced the supply of all goods and services.

Hence, in this case, it is concluded that the correct answer is options A and E.

Learn more about Cost-Push inflation here: brainly.com/question/4540785

4 0

2 years ago

The Refining Department of SweetBeet, Inc. had 79,000 tons of sugar to account for in July. Of the 79,000 tons, 49,000 tons

Kazeer [188]

Answer:

79,000 tons

Explanation:

When you use the weighted average method for determining equivalent units, the total number of equivalent units = units completed and transferred out + equivalent units in ending inventory.

In this case, since the materials are added at the beginning of the production process, all the units are 100% complete regarding direct materials.

5 0

4 years ago