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shutvik [7]
3 years ago
8

On January 1, Mumford purchased 10% of Heller's common stock. On September 1, it purchased another 30% of Heller's common stock.

During November, Heller declared and paid a cash dividend on its common stock. [NOTE: Assume transition is the retrospective approach for fiscal years (and interim periods) beginning before December 15, 2016.]How much income from Heller should Mumford report on its income statement?A. 10% of Heller's income for January 1 to August 31, plus 40% of Heller's income for the remainder of the yearB. 40% of Heller's income from September 1 to December 31 onlyC. 30% of Heller's incomeD. The amount of dividends received from Heller
Business
1 answer:
professor190 [17]3 years ago
5 0

10% of Heller's income for January 1 to August 31, plus 40% of Heller's income for the remainder of the year.

Explanation:

In spite of a retrospective strategy, Mumford puts the 10 per cent owned by the creditor firm together with the 30% purchased on Sep 1 which accounts for 40 per cent of the sales of Heller.

Retrospective, the committee focuses on the team members ' collaboration and looks for ways to enhance the process, based on the lessons learned in the recent work .

It is time to reflect on past events and experiences – outside the daily routine.

Retrospective thinking occurs whenever one remembers something from the past, but one can also think retrospectively about hypothetical future events, by imagining that the event has already transpired and then working backward in the mind from the future toward the present.

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The chapter opener noted that in​ mid-2016 you could earn an interest rate of​ 0.25% by buying a​ 3-month Treasury bill or an in
ruslelena [56]

Answer:

The correct option is D,the markets for bonds of different maturities are separate or segmented

Explanation:

Market segmentation theory is of the view that market for short-term and long-term bonds are segmented from each other,wherein investors with different preferences investing in different markets.

Banks for instance are short-term position takers due to their preference for liquidity and would favor investing short-term instruments like the 3-month Treasury bill such that at every point in time, there is enough cash liquidity to meet customers' request for withdrawal of funds.

On the flip side, pension fund administrators take a long-term position on investment, hence would prefer the 30-year Treasury bill since their payment of retirement benefits is usually a low portion of their total contributions received from contributors to their pension funds.

5 0
3 years ago
Mort Zuba, an automobile company, needs to pay off its loans to banks the following year. The company plans to sell its factorie
harkovskaia [24]

Answer:

Mort Zuba's ability to sell its factories in Astonsia to pay its debts is measured by calculating <u>Liquidity ratios.</u>

Explanation:

Liquidity ratios are the ratios that measure the ability of a company to meet its short term debt obligations. These ratios measure the ability of a company to pay off its short-term liabilities when they fall due.

4 0
3 years ago
The current equilibrium price and quantity in the market for walnuts are $5 per pound with 10,000 pounds supplied. Supermarkets
mel-nik [20]

Answer:

Option (a) is correct.

Explanation:

Given that,

Initial Quantity supplied = 10,000

New quantity supplied = 15,000

Initial price = $5

Price elasticity of demand = 1.8

Percentage change in quantity supplied:

= [(New quantity supplied - Initial Quantity supplied) ÷ Initial Quantity supplied] × 100

= [(15,000 - 10,000) ÷ 10,000] × 100

= (5,000 ÷ 10,000) × 100

= 50%

Let the new price be x,

Percentage change in price:

= [(New price - Initial price) ÷ Initial price] × 100

= [(x - $5) ÷ $5] × 100

= (x - 5) × 20

= 20x - 100

Therefore,

Price elasticity of demand = Percentage change in quantity supplied ÷ Percentage change in price

1.8 = 50 ÷ (20x - 100)

1.8 (20x - 100) = 50

36x - 180 = 50

36x = 230

x = 5

Hence, the new price per pound of walnuts is $5.

6 0
3 years ago
The following is a list of terms related to performance evaluation. 1. Balanced scorecard 5. Customer perspective 2. Variance 6.
strojnjashka [21]

Answer:

a. 2, b 8, c. 1, d. 3, e. 4, f. 5, g. 7, h. 6,

Explanation:

(a) <u>The difference between total actual costs and total standard costs is variance</u>. It can happen because of both external and internal factors. Labor variance, materials variance and overhead variances are example of variances.

(b) <u>Normal standards is described as the efficient level of performance which is attainable under expected operating conditions.</u>

(c)<u> Balance scorecard is defined as the approach that incorporates financial and non financial measures in an integrated system that links performance measurement and a company’s strategic goals.</u>

(d) <u>Learning and growth perspective is defined as the viewpoint employed in the balanced scorecard to evaluate how well a company develops and retains its employees.</u>

(e) <u>Non financial measures is described as an evaluation tool that is not based on dollars.</u>

(f) <u>Customer perspective can be defined as the viewpoint employed in the balanced scorecard to evaluate the company from the perspective of those people who buy its products or services.</u>

(g)<u> An optimum level of performance under perfect operating conditions is termed as ideal standards.</u>

(h)  <u>A viewpoint employed in the balanced scorecard to evaluate the efficiency and effectiveness of the company’s value chain is called Internal process perspective.</u>

3 0
3 years ago
Cobble Corporation produces and sells a single product. Data concerning that product appear below: Fixed expenses are $499,000 p
kupik [55]

Answer:

b. decrease of $8,900

Explanation:

the sales price and variable costs are missing, so I looked them up:

sales price = $160

variable costs = $48

current operating income:

sales revenue $800,000

variable costs <u>($240,000)</u>

contribution margin $560,000

fixed costs <u>($499,000)</u>

operating income $61,000

if the company follows the marketing manager's plan:

sales revenue $867,300

variable costs <u>($283,200)</u>

contribution margin $584,100

fixed costs <u>($532,000)</u>

operating income $52,100

operating income will decrease by $61,000 - $52,100 = $8,900

6 0
3 years ago
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