Answer:
The answer is $2,225,000
Explanation:
Cost of acquisition is $1,775,000
Meyer company's share of net income in Gannon corporation:
60% of $1,000,000
0.6 x $1,000,000
= $600,000
Meyer company's share from cash dividend in Gannon corporation
60% of $250,000
0.6 x $250,000
= $150,000
The balance in the equity investment account at December 31, 2021 should be:
$1,775,000 + $600,000 – $150,000
= $2,225,000
Answer:
The right answer is a.
Explanation:
In order to calculate Daniel's basis in his partnership interest, first we have to calculate daniel share of the partnership liabilities.
According to the details, Daniel acquires a 30% interest in the PPZ Partnership from Paolo, and The PPZ Partnership has borrowed $14,000 of recourse liabilities as of the date Daniel bought the interest, hence
daniel share of the partnership liabilities = 14,000 * 30% = $4,200
Hence, Daniel's basis in his partnership interest= 43,000 + 4,200 = $47,200
Answer:
The way businesses are using knowledge technology to move relevant information to the people who need it.
Explanation:
Knowledge technology can be regarded as Intelligent as well as information and nteraction technologies which gives support to creation as well as management of knowledge at various individual and to all social levels. This technologies can be regarded as term used in describing technologies that is is been provided as result of collection of knowledge as well as process and storage of this knowledge, then how this knowledge is been transmitted to any place and the access of this information from anywhere.
Answer:
Closing inventory based on Specific IDENTIFICATION
7 Dec purchase ( 20-16) = 4 * $16 = $64
14 Dec purchase ( 35 -14) = 21*$24 = $504
21 Dec purchase 30*$29 = $870
closing inventory 31 Dec <u>= $1438</u>
Explanation:
The question is incomplete but here is a complete one
Trey Monson starts a merchandising business on December 1 and enters into the following three inventory purchases. Also, on December 15, Monson sells 30 units for $40 each.
Purchases on December 7 20 units @ $16.00 cost
Purchases on December 14 35 units @ $24.00 cost
Purchases on December 21 30 units @ $29.00 cost
Required:
Monson sells 30 units for $40 each on December 15. Of the units sold, 16 are from the December 7 purchase and 14 are from the December 14 purchase. Monson uses a perpetual inventory system. Determine the costs assigned to the December 31 ending inventory when costs are assigned based on specific identification.
Answer:
The discount rate is 12.46%
Explanation:
In this question, we use the Capital asset pricing model (CAPM).
The formula and computation of the discount rate is shown below:
= Risk-free rate of return + (Beta × Market risk premium)
= 3.5% + (1.12 × 8%)
= 3.5% + 8.96%
= 12.46%
Since we have to compute the discount rate for the project that involves the manufacturing of furniture, so we have to use the Integral designs beta instead of the Honest Abe because Integral design is a furniture maker
