You have insurance premiums of $250 due quarterly. How much will you pay annually?

On January 1, 2020, Beyonce Co. purchased 25,000 shares (a 10% interest) in Elton John Corp. for $1,400,000. At the time, the bo

Drupady [299]

Answer: $‭4,688,250‬

Explanation:

Carrying value on Jan 1, 2021:

= Interest + share of net income Dec 31,2020

= 1,400,000 + (10% * 700,000)

= $1,470,000

Carrying value, June 2021:

= Carrying value + share of net income

= 1,470,000 + (10% * 500,000)

= $1,520,000

Carrying value, July 2021:

= Carrying value + Net stake purchased

= 1,520,000 + 3,040,000

= $4.560,000

Carrying value, December 2021

= Carrying value + share of net income - share of dividends

= 4,560,000 + (30% * 815,000) - (1.55 * (25,000 + 50,000 shares))

= $‭4,688,250‬

8 0

2 years ago

Which of these statements is true of the hiring process

aleksandr82 [10.1K]

What are the choices?

8 0

2 years ago

Read 2 more answers

Jeremy operates a business as a sole proprietorship. The proprietorship uses the cash method of accounting. He decides to incorp

ollegr [7]

Answer:

$13,000

Explanation:

Given that:

Jeremy operates a business as a sole proprietorship which uses a cash method of accounting. Now he is planning transfer them into a new corporation in exchange for its stock.

The assets are :

$10,000 of accounts receivable with a zero basis

have a basis of $20,000 and an FMV of $40,000

Liabilities

payable of $12,000

The note payable on medical equipment is $7,000.

Therefore , Jeremy's basis for his stock is : $20,000 -$7,000 = $13,000

since that will reduce the basis by amount of the note payable.

The liabilities payable will be deducted and taken care of by the corporation.

8 0

2 years ago

Because of the substitution problem, the cpi tends to overstate the true change in the price of the typical basket of consumer g

butalik [34]

It is true that because of the substitution problem, the CPI tends to overstate the true change in the price of the typical basket of consumer goods.

A consumer price index measures a market basket of goods and services that households have purchased at a weighted average price.
The measured CPI fluctuates to reflect changes in prices over time.

One of the most popular methods for determining inflation and deflation is the CPI.
An essential gauge of an economy's health is inflation. The CPI and other indexes are used by governments and central banks when making economic decisions.
The decision to raise or cut interest rates is crucial among these.

If the CPI increases, it indicates that the average rate of change in price over time has increased. The cost of living and income are eventually changed as a result of this.

Learn more about CPI here:

brainly.com/question/14453270

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7 0

1 year ago

Assume that the labor market for retail workers is generally unskilled. If a minimum wage is set in the labor market for retail

bazaltina [42]

Answer:

there will be a surplus of retail workers in this labor market.

Explanation:

In the attached diagram the scenario is illustrated.

When the minimum wage is above the equilibrium wage it means that the minimum wage is above what employees are willing to pay workers. So employees will be less wiling to pay this amount.

There will be a reduction in the number of available slots for workers.

On the other hand workers will receive higher wage than they expected but since the slots for work are now limited there will be a surplus of labour in the market

3 0

3 years ago