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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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Answer:

4.87%

Explanation:

In this question , we are asked to calculate the appropriate after-tax cost of new debt for the firm to use in capital budgeting analysis.

PMT = 1000*7% = 70 (indicates the amount of interest payment)

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PV = 966 (indicates the present value)

FV = 1000 (indicates the future/face value)

Rate = ? (indicates the cost of debt)

After Tax Cost of Debt = Rate(Nper,PMT,PV,FV)*(1-Tax Rate) = Rate(10,70,-966,1000)*(1-.35) = 4.87%

6 0
3 years ago
As lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she
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As Lynn is working on writing the text that will be incorporated into a new magazine ad for her company’s line of handbags, she is engaging in the encoding stage of the communication process.

<h3><u>What is encoding?</u></h3>
  • Humans primarily communicate through encoding and decoding messages. The individual who creates and transmits the message is known as the encoder.
  • The encoder must ascertain how the audience will interpret the message and make necessary changes to ensure that the audience interprets the message as intended.
  • Encoding is the process of converting ideas into language. The message is transmitted by the encoder using a "medium" such a phone call, email, text message, in-person meeting, or other communication method.

Different signals require different levels of conscious thought when they are encoded. The encoder should also care for any "noise"—such as other messages, distractions, or influences—that could obstruct their message.

Know more about encoding with the help of the given link:

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7 0
1 year ago
DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s
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Correct option is B.

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Explanation:

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Common Fixed Expenses = $61,750 + $46,750 + $169,500

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3 0
3 years ago
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The answer to this question is "International Business". This would be the classification when the ABC manufacturers conduct commercial transactions across the national boundaries. The international business includes all private and public commercial transactions between two or more regions which these regions are covered by the same political territories. The commercial transactions could include any form of investments, logistic, sales, and others.
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3 years ago
NaviCal Inc., a personal navigation system company, has contracted its manufacturing to a firm in Malaysia for five years. NaviC
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Answer:

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