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Romashka [77]
4 years ago
13

McVeigh Corp. owns 40% of Gondor Company's common stock. McVeigh received $41,200 in cash dividends from Gondor. The entry to re

cord this transaction should include a:
Business
1 answer:
Anestetic [448]4 years ago
6 0
Hehj hrhjdjdjdjxjxisijdjnrnrnnrndmdkkdkdkx
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While wines from the United States have won prizes in international blind taste tests, the perception of American wines is gener
emmasim [6.3K]

Answer:

Country of origin effects.

Explanation:

Country of origin effect can be defined as the effects the country manufacturing or producing a particular product has on how a potential customer tends to view the product.

A country image can greatly influence the perception of the customer towards the product, or could be a negative perception or a positive perception.

Some customers may tend to favor goods that are produced from their own country. For example most individuals favor clothes and shoes that are produced in Italy than the ones produces in Spain.

7 0
3 years ago
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An entrepreneur might use _____ in the very early stages of a start-up.
Natasha_Volkova [10]
Self- financing
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7 0
3 years ago
Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and
dusya [7]

Answer:

The answer is Letter A.

Explanation:

Paddy has lots of cousins. With a family reunion in the near future, Paddy decides to collect income information for himself and all his cousins. He obtains the following data points: $52,000, $22,000, $92,000, $8,000, $118,000, $62,000, $38,000, $14,000, $132,000, $46,000, $26,000, $96,000, $54,000, $110,000, $80,000. The share of income received by the highest quintile of this income distribution is 37.9%______, which is __lower___ than that for the highest quintile of the U.S. income distribution in 2005.

5 0
4 years ago
Over a particular period, an asset had an average return of 11.0 percent and a standard deviation of 19.8 percent. What range of
vodomira [7]

Answer:

-28.6% to 50.6%

Explanation:

The computation of the range of returns is shown below:-

95% Range of Return = Average Return - 2 × Standard Deviation, Average Return + 2 × Standard Deviation

= 11.0% - 2 × 19.8%, 11.0% + 2 × 19.8%

95% Range of Return = -28.6%, 50.6%

The Expected range of returns is

= -28.6% to 50.6%

Therefore for computing the expected range of returns we simply applied the above formula.

8 0
3 years ago
Transit Airlines provides regional jet service in the Mid-South. The following is information on liabilities of Transit at Decem
olga nikolaevna [1]

Answer and Explanation:

1. The 8.4% bonds should be classified as "current liability" in Transit's balance sheet. This is because there is an option of calling the bonds on July 31, 2017 and if the bond holders demand payment then the liability will have to be paid on July 31, 2017 and this will represent a period that is less than a year (from December 31, 2016 to July 31, 2017).

The amount to be recorded will be $67 million.

2. The 8% loan of $45 million will be recorded as a "long term liability". This is because the loan is payable in the year 2022 and so will be in the books for a period of more than one year. Also the decline in parts inventories is intentional and will be corrected. This will ensure that current ratio is in the required range.

The amount to be recorded is $45 million i.e. the amount of the loan.

3. The amount of $53 million - $48 million = $5 million will mature in May 2017. As the period is less than a year it will be recorded as a "current liability" and the amount will be $5 million.

The balance amount of $48 million will mature in two years from the date of borrowing. Hence the amount of $48 million will be recorded as a "long term liability".

4. For the lawsuit a disclosure note should be provided. This is because the suit is in appeal and as per accounting laws will not be considered probable.

5. Total current liabilities = accounts payable+8.4% bonds+current portion of 4% notes = $55 million+$67 million+$5 million = $127 million

Long term debt = 8% bank loan+4% notes = $45 million+$48 million = $93 million.

Total liabilities = current+long term = 127+93 = $220 million

6 0
4 years ago
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