1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
defon
3 years ago
6

Nike, Inc.reported the following plant assets and intangible assets for the year ended May 31, 2022 (in millions): other plant a

ssets $948.0, land $250.0, patents and trademarks (at cost) $510.0, machinery and equipment $2,190.0, buildings $950.0, goodwill (at cost) $210.0, accumulated amortization $50.0, and accumulated depreciation $2,360. Prepare a partial balance sheet for Nike for these items. (List Property, Plant and Equipment in order of Land, Buildings and Machinery and Equipment.)

Business
1 answer:
vodka [1.7K]3 years ago
3 0

Answer:

Explanation:

The total assets comprises of current assets, fixed assets ,and the intangible assets

The current assets includes cash, stock, account receivable, etc

Fixed assets include plant & machinery, land, equipment, furniture & fittings, etc.

And, the intangible assets include patents, copyrights, goodwill, etc.

The preparation of the classified balance sheet for Nike, Inc on  May 31, 2022 is presented in the spreadsheet. Kindly find the attachment below:

You might be interested in
Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000. The effect of this transaction on
Sedbober [7]

Answer: $10,000 increase in Treasury Stock

Explanation:

Treasury stock, is also known refered to as the treasury shares and it occurs when stock is bought buy the issuing company back from the stockholders.

This results in the reduction in the total number of outstanding shares that can be found on the open market. In the above scenario, since Dilution Solutions, Inc. repurchased 500 shares of its $2 par value common stock for $10,000, this will bring about a $10,000 increase in the treasury stock.

3 0
2 years ago
Which of the following should which of the following should be of concern when a company considers expanding into a new Internat
vladimir1956 [14]
I think it might be (all of the above)
8 0
3 years ago
Well over 50% of all projects fail. Research and discuss how the planning process plays an important role in the success or fail
BigorU [14]

Answer:

Project planning plays an essential role in helping guide stakeholders, sponsors, teams, and the project manager through other project phases. Planning is needed to identify desired goals, reduce risks, avoid missed deadlines, and ultimately deliver the agreed product, service or result.

Explanation: The key in planning is to look at each of the knowledge areas below and make sure you and your team will address each of these areas in ways that will help reach all the end goals.

Communications

Costs

Human resources

Procurement

Quality of deliverables

Business requirements

Risks

Schedules

Project scope

Stakeholders

The key to a successful project is in the planning. Creating a project plan is the first thing you should do when undertaking any project.

Often project planning is ignored in favor of getting on with the work. However, many people fail to realize the value of a project plan for saving time, money and many problems.

7 0
3 years ago
A group of farmers agreed that if any farmer suffered a property loss, the loss would be spread over the entire group. In this w
mixas84 [53]

Answer:

pooling losses

Explanation:

This agreement embodies the concept of pooling losses. In this concept, each individual loss is spread over to the entire group. In order for this arrangement to be effective, a large number of farmers are required, so whenever a farmer suffers a loss, it will be mitigated due to the pooling over the large group.

8 0
3 years ago
(a)  Bank of Marienfield started its first day of operations with $150 million in capital. It received a total of $100 million i
Juliette [100K]

Here, we are going to prepare the balance sheet of Bank of Marienfield using the information given in the question..

  • Formula for Total liabilities is <em>Capital + Checkable deposit + Loan from bank</em>

<u>Given Information</u>

Capital = $150 Million

Checkable deposit = $100 Million

Loan from bank= $50 Million

Total liabilities = $150 Million + $100 Million + $50 Million

Total liabilities = $300 Million

<u>Additional given Information</u>

Commercial loan = $150 Million

Investment in shares = $120 Million

Investment in Treasury bonds = $20 Million

Required reserve = Checkable deposit * Required reserve rate

Required reserve = $100 Million * 10%

Required reserve = $10 Million

Excess reserve = Total liabilities - (Commercial loan + Investment in shares + Investment in Treasury bonds + Required reserve)

Excess reserve = $300 Million - ($150 Million + $120 Million + $20 Million + $10 Million)

Excess reserve = $300 Million - $300 Million

Excess reserve = $0 Million

                                  Balance sheet of Bank of Marienfield.

Assets                           Amount        Liability                        Amount

Required reserves       $10 million     Bank capital              $150 million

Excess Reserve            $0                  Checkable deposit  $100 million

Commercial loan          $150 million   Loan from bank        $50 million

Investment in shares    $120 million

Invest. Treasury bond  <u>$20 million </u>                                      <u>                       </u>

Total                              <u>$300 million</u>  Total                          <u>$300 million</u>  

3 0
3 years ago
Other questions:
  • Apple, the consumer electronics giant, on tuesday rolled out new versions of its popular ipod music player. ceo steve jobs also
    6·1 answer
  • A shoe manufacturer sells high-end designer shoes to wholesalers who, in turn, sell a variety of shoes and other leather accesso
    6·1 answer
  • Julie received a 10% wage increase while consumer prices rose by 3%. how much did julie's real wage increase in nominal and real
    12·1 answer
  • True or False: Equality refers to how the pie is divided, and efficiency refers to the size of the economic pie.
    7·1 answer
  • If buyers today become more willing and able than before to purchase larger quantities of stand up paddle boards (SUPs) at each
    8·1 answer
  • The Grow Your Garden seed company recently conducted a situation analysis. It decided on its marketing goals too. What is its ne
    8·1 answer
  • Peterson Photoshop sold $2,700 in gift cards on a special promotion on October 15, 2021, and sold $4,050 in gift cards on anothe
    12·1 answer
  • What do you think is the most important skill a judge can possess
    12·1 answer
  • Month-end &amp; Year-end process helps to write-off bad debts.
    15·1 answer
  • The average price of milk increased from $3.00 last year to $3.50 this year. This most likely due to:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!