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ale4655 [162]
3 years ago
9

Which of the following should be the primary goal pursued by the financial manager of a firm?a. Maximize net income (profits).b.

Maximize the firm's net worth, or book value.c. Maximize dividends paid to common stockholders.d. Minimize variable operating expenses.e. Maximize the market value of the firm's stock
Business
1 answer:
Neporo4naja [7]3 years ago
7 0

Answer:

E. Maximize the market value of the firm's stock

Explanation:

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Cashen Co. paid $2,400,000 to acquire all of the common stock of Janex Corp. on January 1, 2017. Janex's reported earnings for 2
andrew-mc [135]

Answer:

(D) $3,588,000.

Explanation:

Consolidated net income is defined as the sum of net income of the parent company (minus income from investment in subsidiary and unrealized income from downstream sales) plus net income of subsidiaries, which results after deducting depreciation (or amortization), income from transactions with the parent company and unrealized gains in inventories.

In the example, the parent company is Cashen Co. and the subsidiary is Janex´s. Recall that a parent company is one that owns more than 50 percent of the shares of the subsidiary, in this case, it is 100%.

According to the information provided, Cashen Co's net income was $ 3,180,000 and neither income from investment in subsidiary nor unrealized income from downstream sales is reported, so it is not necessary to subtract anything.

On the other hand, we know that Janex´s reported earnings totaled $432,000. However, the amortization of allocations related to the investments ($ 24,000) must be subtracted here. Therefore, the net income of that company was $408,000 ($432.000 - $24.000).

Finally, we add the net income of both companies. That is, $ 3,180,000 + $ 408,000 = $ 3,588,000.

<em>Note: I want to point out that there is a typo in the question. It says: "What is the amount of consolidated net income for the year 2010?", instead of "What is the amount of consolidated net income for the year 2017?"</em>

8 0
3 years ago
In 2020, Miranda records net earnings from self-employment of $193,800. She has no other gross income. Determine the amount of M
lozanna [386]

Answer:

the self employment tax on 92.35% of your net income as self employed by 15.3% = $193,800 x 92.35% = $178,974.30

Miranda will pay social security (OASDI) taxes for the first $137,700 = $137,700 x 6.2% x 2 = $17,074.80

Her Medicare taxes will be calculated using $178,974.30 x 1.45% x 2 = $5,190.25

total self employment taxes = $17,074.80 + $5,190.25 = $22,265.05

Miranda can deduct 50% of her self employment taxes from her AGI = $22,265 x 50% = $11,132.50 ≈ $11,133

8 0
2 years ago
According to keynesian views, what is government's role when it comes to the u. s. economy?
mezya [45]

Keynes proposed that the government spend extra cash and reduce taxes to turn a budget deficit, which could growth consumer demand inside the economic system.

Keynesians trust that, because charges are quite rigid, fluctuations in any element of spendin intake, funding, or authorities fees—cause output to alternate. If authorities spending increases, for instance, and all other spending components continue to be steady, then output will increase.

Keynes supported authorities intervention at some stage in instances of economic turmoil. a few of the theories he supplied in “fashionable concept” changed into that economies are chronically volatile and that complete employment is handiest viable with a lift from government coverage and public funding.

In line with Samuelson and other current economists, governments have four principal capabilities in a market financial system to boom efficiency, to provide infrastructure, to promote fairness, and to foster macroeconomic stability and growth.

Learn more about keynesian here:- brainly.com/question/23950967

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6 0
1 year ago
Under which law can a hotel guest sue for an injury that happened at the hotel’s spa?
Lesechka [4]

Answer:

C.) Premises Liability Act

Explanation:

This is because it happened on their property/premise. The Act states this to be true.

7 0
3 years ago
Aspen Integrated Marketing used to have a strict hierarchical structure, with the information given only to those who required i
Dennis_Churaev [7]

Answer: d. open-book management.

Explanation:

OPEN-BOOK MANAGEMENT is a style of management where employees are given financial information on the company to help them perform better.

The concept is rooted in a theory that workers tend to have more motivation and be more productive when they feel as though they are being treated like Business partners who are usually the ones with access to such data as opposed to employees who usually do not.

5 0
3 years ago
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