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
dlinn [17]
3 years ago
9

Denber Co. acquired 60% of the common stock of Kailey Corp. on September 1, 2019. For 2019, Kailey reported revenues of $810,000

and expenses of $630,000, not including its investment in Denber, and all reflected evenly throughout the year. The annual amount of amortization related to this acquisition was $15,000. What is the amount of the noncontrolling interest's share of Kailey's income for 2019?a. $72,000.b. $22,000.c. $66,000.d. $24,000.e. $48,000.
Business
1 answer:
777dan777 [17]3 years ago
5 0

Answer:

correct option is b. $22,000

Explanation:

given data

reported revenues = $810,000

expenses = $630,000

annual amount of amortization  = $15,000

solution

we get here net income 2019 is

net income 2019 = revenue - expenses - amortization  ........1

put here value

net income 2019 = $810,000 - $630,000 - $15,000  

net income 2019 = $165,000

and

as here acquired stock on September

so we get here income for September to December that is

net income = $165,000 × \frac{4}{12}    

net income = $55000

and

non controlling interest is

non controlling interest = 40% of $55000

non controlling interest = $22,000

so correct option is b. $22,000

You might be interested in
Cool Gelato uses various sizes of foam cups. The use of 8oz foam cups is constant throughout the year, and Cool Gelato expects t
ruslelena [56]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

5 0
3 years ago
Which of the following are steps in the planning process of an organization? (Check all that apply.) Multiple select question. F
vovangra [49]

The steps in the planning process of an organization include:

  • A. Formulating strategies to achieve the goals.
  • B. Determining the organization's mission and goals.
  • D. Selecting the most effective way to implement the organizational strategy.

<h3>What is planning?</h3>

Planning is a management function that ensures the achievement of organizational efficiency and effectiveness.

Planning usually takes place at three levels of the organization, including:

  • Functional
  • Business
  • Corporate levels.

Thus, the steps in the planning process of an organization include Options A, B, and D.

Learn more about the planning function at brainly.com/question/3504046

#SPJ12

5 0
2 years ago
Suppose you put $100 into a savings account today, the account pays a nominal annual interest rate of 6%, compounded semiannuall
polet [3.4K]

The ending balance will be $9.50

Option b

<u>Explanation:</u>

Given:

Principal amount = $100

Annual interest rate = 6%

Compounding is semi-annual

To find: The ending balance

Balance after 6 months = 100+0.06*100/2 = $103

Hence, balance remaining after withdrawal of $100 = $3

Remaining periods =

Balance after 20 years = Future Value (0.06/2,39,0, -3) = $9.50

8 0
3 years ago
A multinomial probability distribution describes data that are classified into two or more categories when a multinomial experim
JulijaS [17]

The statement that “A multinomial probability distribution describes data that are classified into two or more categories when a multinomial experiment is carried out” is TRUE.

A multinomial experiment has 4 properties:

n repeated trials

various likely outcome

A specific outcome’s chance in happening is fixed

The tests are self-reliant. Meaning, whatever the result of one test won’t affect the results of the other tests.

5 0
3 years ago
Derek has the opportunity to buy a money machine today. The money machine will pay Derek $44,309.00 exactly 16.00 years from tod
LenKa [72]

Answer:

$11,160.097

Explanation:

Data provided in the question:

Future value of machine = $44,309.00

Time, n = 16 years

Discount rate, r = 9.00% = 0.09

Now,

The amount Derek is will to pay will be the present value  of the machine

Also,

we know

Future value = Present value × (1 + r)ⁿ

on substituting the respective values, we get

$44,309.00 = Present value × (1 + 0.09 )¹⁶

or

$44,309.00 = Present value × 3.97

or

Present value = $44,309.00 ÷ 3.97

or

Present value = $11,160.097

6 0
3 years ago
Other questions:
  • Cathy uses, on her new recording drive by, the melody of a song written by earl, without earl's permission. this is
    8·1 answer
  • How should a person cope with situational factor for which there are ethical confident skills?
    13·1 answer
  • A 60-day, 9% note for $10,000, dated May 1, is received from a customer on account. The maturity value of the note is Select one
    12·1 answer
  • he following information was taken from a company’s bank reconciliation at the end of the year: Bank balance $ 9,000 Checks outs
    14·1 answer
  • The principal offensive strategy options include all of the following EXCEPT:A.using a cost advantage to attack competitors on t
    6·1 answer
  • What helps make a poster look attractive, improve readability, and highlight the message the designer wants to convey in the pos
    14·2 answers
  • Suppose the National Bureau of Economic Research (NBER) comes out with a report suggesting that the economy will soon dip into r
    11·1 answer
  • What is the model called that determines the present value of a stock based on its next annual dividend, the dividend growth rat
    13·1 answer
  • Potential entrepreneurs would be well advised to surround themselves with people who are smarter than they are.
    15·1 answer
  • Starbucks is opening a location in China every 15 hours, and just opened its largest location in the world in Shanghai. Which me
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!