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
Yuliya22 [10]
3 years ago
5

Presented below is information related to Coronado Company at December 31, 2017, the end of its first year of operations. Sales

revenue $322,990 Cost of goods sold 143,460 Selling and administrative expenses 49,300 Gain on sale of plant assets 27,900 Unrealized gain on available-for-sale investments 9,390 Interest expense 5,590 Loss on discontinued operations 12,730 Dividends declared and paid 4,750 Compute the following:
(a)Income from operations___$
(b)Net income ___ $
(c)Comprehensive income___$
(d)Retained earnings balance at December 31, 2017___$
Business
2 answers:
vovangra [49]3 years ago
8 0

Answer:

The answer will be below

Explanation:

a. Income from operations=$322,990-$143,460-$49,300=$130,230

b. Net Income=$322,990-$143,460-$49,300+$27,900-$5,590-$12,730=$139,810

c. Comprehensive Income=$9,390

d. Retained Earnings=$139,810-$4,750=$135,060

marissa [1.9K]3 years ago
3 0

Answer:

a) Income from operations = $322,990 -$143,460 -$49,300 = $130,230

b) Net Income = $130,230 + 27,900 -$5,590 - $12,730 = $139,810

c) comprehensive income = $139,810 + $9,390 = $149,200

d) Retained earnings = $149,200 - $4,750 =$144,450

Explanation:

You might be interested in
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
kumpel [21]

Answer:

$17,688 unfavorable

Explanation:

The computation of the variable efficiency variance is shown below:

Variable efficiency variance = (Actual hours - standard hours) × standard rate

= (2,700 hours - 200 units × 6.8 hours)  × $13.20

= (2,700 hours - 1,360 hours)  × $13.20

= 1,340 hours  × $13.20

= $17,688 unfavorable

Since the actual hours is more than the standard hours so it would leads to unfavorable variance

6 0
3 years ago
When her salespeople bring in five new customers, marissa gives them a $1,000 payment. this is an example of a?
Shalnov [3]
Its an example of profit sharing
4 0
3 years ago
After an economy begins to recover, suppose that the Fed quickly raises interest rates back to the level seen before the recessi
Katena32 [7]

Answer:

Hawks

Explanation:

In simple words, A hawk, sometimes recognized as just an inflation hawk, can be understood as the policymaker or analyst who is primarily obsessed with lending rates as their contribute to monetary policy.

To maintain inflation in control, a hawk normally prefers reasonably high interest rates. In other terms, redskins are less worried with global development just like they are with downturn risk brought to pressure by rising inflation. 

Thus, from the above we can conclude that the correct answer is hawk.

6 0
2 years ago
ammi purchases stock in Vivaldi Corporation. Vivaldi Corporation later encounters legal issues and faces significant legal claim
olga55 [171]

Answer:

Tammi's liability is d. limited to her investment in the stock.

Explanation:

Since Tammi has purchased a stock in a corporation, one of the fundamental property of a corporate is that the stock-holders of the corporation have a limited liability meaning shareholders are only legally responsible for the debts of a company only to the extent of their investment in the company.

So Tammi's liability is limited to her investment in the stock of Vivaldi Corporation.

6 0
3 years ago
Read 2 more answers
Compute the Work-in-Process transferred to the finished goods warehouse on April 30 using the following information:
malfutka [58]

Answer:

$1,100

Explanation:

Computation for the Work-in-Process transferred to the finished goods warehouse on April 30

Work-In-Process Inventory, April 1 300

Direct materials used in production 225

Direct labor costs incurred 400

Manufacturing overhead costs 350

Less Work-In-Process Inventory, April 30 ($175)

Work-in-Process transferred to the finished goods warehouse $1,100

Therefore the Work-in-Process transferred to the finished goods warehouse on April 30 will be $1,100

4 0
3 years ago
Other questions:
  • Vest Industries manufactures 40,000 components per year. The manufacturing cost of the components was determined as follows: Dir
    13·1 answer
  • Tara deposits money into an account with a nominal interest rate of 6 percent. She expects inflation to be 2 percent Her tax rat
    8·1 answer
  • You are in charge of advertising for a golf course in the southwest. the owner of the course is convinced that once-a-week adver
    11·1 answer
  • Approximately how many people in the united states are over the age of 100?
    13·1 answer
  • Alicia has been working for JMM Corp. for 33 years. Alicia participates in JMM’s defined benefit plan. Under the plan, for every
    5·1 answer
  • Partridge Bookstore had 500 units on hand at January 1, costing $9 each. Purchases and sales during the month of January were as
    12·1 answer
  • Allen and Lewis are friends who each recently purchased real estate. Allen purchased a patio home in a small town an hour from t
    12·1 answer
  • Productivity at the Michigan branch of Brite Paper Manufacturing has decreased significantly over the last twelve months. Aiden,
    7·1 answer
  • If your assignment was (for each segment) to create a value proposition and product-price positioning strategy based on the segm
    6·1 answer
  • Which type of training would be considered vocational training?
    9·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!