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4 years ago

Explain the night life of florida

Business

1 answer:

maria [59]4 years ago

3 0

Clubs, fun, extravagant, surprising and and adventure. That’s if your in Miami

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On June 1 a company purchased a one-year insurance policy for $1,800 with coverage starting immediately. If the purchase was rec

Alenkinab [10]

Explanation:

The adjusting entry is shown below:

Insurance expense Dr $1,800

To Prepaid insurance $1,800

(Being the insurance expense is recorded)

For recording the adjusting entry for advance purchase of insurance policy we debited the insurance expense and credited the prepaid insurance account so that the correct posting could be done

8 0

4 years ago

Beth, a recent college graduate, recognizes that she has lots of nice "stuff," largely thanks to her family buying it for her. B

bixtya [17]

Answer:

Explanation:

Wealth is the value of all the assets a person owns

Beth is pondering on the value of all her assets less her debt. So, she is pondering on her wealth

4 0

3 years ago

Carter Company reported the following financial numbers for one of its divisions for the year; average total assets of $4,130,00

viva [34]

Answer:

$201,300

Explanation:

Carter Company

Computation of the residual income for the division

First step

Using this formula

Sales -Cost of goods sold- expenses

Operating

Let plug in the formula

$4,555,000 - 2,580,000 - 1,402,000

= $573,000

Second step

Now let find the Residual Income

Residual income =$573,000 - ($4,130,000 * 9%)

Residual income = $573,000-$371,700

Residual income =$201,300

Therefore the residual income for the division will be $201,300

6 0

3 years ago

John works for Heinlein Hillclimbers in Wyoming, where he earns $26,500 annually. He contributes $150 per month to his 401(k), o

otez555 [7]

Answer: $40,710

Explanation:

John's annual compensation includes his actual annual salary as well as the various payments that Heinlein Hillclimbers makes on his behalf.

His total annual compensation is:

= Annual salary + Employer's 401 contribution + Health insurance + Life insurance + AD&D + Profit sharing bonus + Tuition reimbursement + employer only taxes and insurance

= 26,500 + (150 /2 * 12 months) + (150 * 12 months) + (30 * 12 months ) + (50 * 12 months ) + (2% * 26,500) + 5,250 + (18% * 26,500)

= 26,500 + 900 + 1,800 + 360 + 600 + 530 + 5,250 + 4,770

= $40,710

4 0

3 years ago

On July 31, 2017, Mexico Company paid $3,000,000 to acquire all of the common stock of Conchita Incorporated, which became a div

Cerrena [4.2K]

Answer:

a. $250,000

b. Impairment loss to be recorded will be = $0

c. $200,000

d.Loss on impairment A/c Dr, $200,000

To Goodwill A/c $200,000

(Being impairment loss is recorded)

Explanation:

a.The computation of Goodwill is shown below:-

Goodwill = Fair value of the division - Fair value of the identifiable assets

= $3,000,000 - $2,750,000

= $250,000

b. Impairment loss to be recorded will be = $0

No loss of impairment is registered, since Conchita's fair value of $1,850,000 is greater than the net assets' carrying value of $1,650,000.

c. Implied fair value of goodwill = Fair value of division - Carrying value of the division

Fair value of Conchita division $1,600,000

Carrying value of division $1,650,000

Increase in fair value of PP&E $150,000

Less: Goodwill ($250,000) ($1,550,000)

Implied fair value of goodwill $50,000

Carrying value of goodwill ($250,000)

Impairment loss $200,000

d. To record the impairment loss the Journal entry is shown below:-

Loss on impairment A/c Dr, $200,000

To Goodwill A/c $200,000

(Being impairment loss is recorded)

7 0

3 years ago

Explain the night life of florida​

Explain the night life of florida