In what form of media relations is the point of initiation the organization rather than an external entity?

Woody Corporation acquired 70% of Buzz Company’s voting common stock on January 1, 20X3, for $158,900. Buzz reported common stoc

Dvinal [7]

Answer: a.Dr. Gain on Sale 9,600

Dr. Equipment 8,400

Cr. Accumulated Depreciation 18,000

Explanation:

Difference between following entries gives the elimination entry:

Actual: Equipment as actually recorded in the financial statements (Equipment Dr. 91600, Gain on sale Cr. 9600)

As if: Equipment as recorded in the financial statements as if it had not been transferred (Equipment Dr. 100000, Accumulated Depreciation Cr. 18000)

Difference of the above recorded entries would be: Equipment Dr. 8400, Gain on sale Dr. 9600, Accumulated Depreciation Cr. 18000

Thus, entry needed to eliminate Buzz’s gain on the sale of equipment to Woody would be:

.Dr. Gain on Sale 9,600

Dr. Equipment 8,400

Cr. Accumulated Depreciation 18,000

5 0

2 years ago

You are considering an investment into company xyz and need to determine the company's value and the appropriate investment amou

ZanzabumX [31]

Option A is correct. The gross earnings that has been calculated for this 12 months is given as 17545.

The required details for gross earnings in given paragraph

How to resolve for the gross earnings

22050 × 97.5%(100-2.5%) = 21498.75

= 21498.75 × 0.975 = 20961.28

= 20961.28 x 0.975 = 20437.24

= 20437.24 x 0.975 = 19926.31

= 19926.31 × 0.975 = 19428.15

= 19428.15 x 0.975 = 18942.forty five

= 18942.forty five x 0.975 = 18468.80

= 18468.89 × 0.975 = 18017

= 18007 × 0.975 = $17545

Hence we are able to see on the give up of the answer that the price of the gross earnings in 2028 = $17545. Gross earnings is the earnings a business enterprise makes after deducting the charges related to making and promoting its products, or the charges related to offering its services. Gross earnings will seem on a business enterprise's earnings assertion and may be calculated with the aid of using subtracting the fee of products sold (COGS) from revenue (income).

These figures may be determined on a business enterprise's earnings assertion. Gross earnings will also be called income earnings or gross earnings.

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Complete question

You are considering an investment into Company XYZ and need to determine the company's value and the appropriate investment amount. You have been provided with historical financial statements for the past three years in order to build a forecast model. Key assumptions to use include:

Future sales revenue is assumed to increase at 2.5% annually.

Gross margin for 2021E is assumed to be equal to the average gross margin % for 2019 and 2020, but will decrease by 2.5% (i.e. 250 bps) each year thereafter

SG&A expense is assumed to be a percentage of revenue for the forecast period. That percentage is equal to the 2018-2020 average

Depreciation expense is assumed to be a percentage of revenue for the forecast period. That percentage is equal to the 2018-2020 average

The tax rate for the forecast period is assumed to be equal to the effective tax rate for 2018

Capital expenditures for any given year in the forecast period is assumed to be 3x the prior year's depreciation expense. For example, 2021 capital expenditures is equal to 3x 2020 depreciation expense.

No new debt or equity is assumed to be issued

Download CFI_-_FMVA_Practice_Exam_Case_Study_A.xlsx and answer the following 12 questions.

1 What is Gross Profit in 2028E using the assumptions listed above and on the Control Panel?

$17,545

$30,704

$27,780

$40,938

8 0

7 months ago

Cox Engineering performs cement core tests in its laboratory. The following standards have been set for each core test performed

Harrizon [31]

Answer: See explanation

Explanation:

(a) The materials price variance for March is:

Actual cost of materials purchased = $7310

Less: Standard cost of actual quantity = 0.75 × $8600 = ($6450)

Direct material price variance = $860 Unfavorable

(b) The materials quantity variance for March is:

Standard cost of actual quantity = 0.75 × $7200 = $5400

Less: Standard cost of standard quantity = 3 × 2000 × $0.75 = $4500

Direct material quantity variance = $900 Unfavorable

(c) The labor rate variance for March is:

Actual cost of direct labor = $8610

Less: Standard cost of actual hours = 840 × $12 = $10080

Direct labor rate variance = $1470 favorable

(d) The labor efficiency variance for March is:

Standard cost of actual hours = 840 × $12 = $10080

Less: Standard cost of standard hours = 2000 × 0.4 × $0.12 = $9600

Direct labor efficiency variance = $480 Unfavorable

8 0

3 years ago

Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume

Marina86 [1]

Answer:

Constant or fixed cost

Explanation:

because companies are always set fixed money to their customers

4 0

2 years ago

When reagan took office, he brought with him a new economic philosophy. with the guidance of his economic advisors, he tried to

Natali [406]

The nation’s deficit rose greatly as inflation and unemployment fell was an economic concern that was related to the achievement described in the passage.

<h3>What were the economic concerns in the passage? </h3>

The passage explains that with the fall in tax revenue of the government and higher spending on employment programs, the federal deficit started to rise.

However, after some years, it could be seen that many businesses gained growth from government spending and created jobs with decreasing inflation rates.

Learn more about economic concerns here:

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4 0

1 year ago