On a normal roadway, a driver in Lane Position 2 may be preparing to _________

Puff Co. acquired 40% of Straw, Inc.'s voting common stock on January 2, Year 1, for $400,000. The carrying amount of Straw's ne

Sonbull [250]

Answer:

Investment revenue = $52,000

Explanation:

Since Puff uses the equity method, the original journal entry to record the purchase of 40% of the shares should have been:

Dr Investment in Straw 400,000

Cr Cash 400,000

After one year, Straw earned $150,000 in net income, but it also had equipment with a fair market value higher than carrying value also depreciable by $100,000. So the net income must be adjusted = $150,000 - ($100,000 x 20%) = $130,000. The journal entry to record the adjusted income should be ($130,000 x 40%):

Dr Investment in Straw 52,000

Cr Investment revenue 52,000

8 0

2 years ago

One year ago, you purchased a 6 percent coupon bond with a face value of $1,000 when it was selling for 98.6 percent of par. Tod

lutik1710 [3]

Answer:

option (A) $86

Explanation:

Data provided in the question:

Coupon rate = 6%

Face value of bonds = $1,000

Purchasing price (i.e the selling percentage at the time of purchase )

= 98.6% of par

Selling price = 101.2% of par

Thus,

Annual Coupon payment = Face value × Coupon rate

= $1,000 × 6%

= $60

Now,

Purchase price = $1,000 × 98.60%

= $986

Sales price = Face value of bonds × Selling price

= $1,000 × 101.20%

= $1,012

Therefore,

Total dollar Return

= Sales price + Annual Coupon payment - Purchase price

= $1,012 + $60 - $986

= $86

Hence,

The correct answer is option (A) $86

4 0

3 years ago

At the beginning of the year, manufacturing overhead for the year was estimated to be $267,500. At the end of the year, actual d

nignag [31]

Answer:

estimated direct labor hours= 21,400 hours

Explanation:

Giving the following information:

Estimated overhead= $267,500.

Actual direct labor hours= 22,100 hours

Actual manufacturing overhead= $262,500

Overapplied overhead= $13,750

<u>We need to reverse engineer the allocation process of overhead costs to calculate the estimated overhead hour:</u>

Under/over applied overhead= real overhead - allocated overhead

-13,750= 262,500 - allocated overhead

276,250= allocated overhead

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

276,250= Estimated manufacturing overhead rate*22,100

$12.5= Estimated manufacturing overhead rate

Finally, we can calculate the estimated direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

12.5= 267,500/ estimated direct labor hours

estimated direct labor hours= 21,400 hours

7 0

3 years ago

You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because the

Stolb23 [73]

Answer:

The correct answer is (A) fish has a more delicate flavor

Explanation:

From the given information from the question which says that:

You would cut the mirepoix ingredients smaller when making a fish fumet than when making a beef stock because, the fish will have a more delicate flavor.

4 0

3 years ago

Compute the takt time for a service system that intended to perform a standardized service. The system will have a total work ti

masya89 [10]

Answer:

Talk time will be 3.728 minutes

Explanation:

We have given total work time = 392 minutes per day

There are two breaks of 15 minutes

So time of break = 15×2 = 30 minutes

And there is a lunch of 1 hour = 60 minutes

So total break time = 60 +30 = 90 minutes

So net working time = 392 - 90 =- 302 minutes

Total number of jobs = 81

We have to find talk time per cycle

Talk time per cycle is given by

Talk time $=\frac{302}{81}=3.728minutes$

6 0

2 years ago

On a normal roadway, a driver in Lane Position 2 may be preparing to __________ .