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4 years ago

PLEASE HELP ASAP!!!! CORRECT ANSWERS ONLY PLEASE!!!!

Business

1 answer:

inessss [21]4 years ago

8 0

Omg! Do you do k12? Me too!
Financing is usually investing in businesses. So looking at the answers. . .
I think it's using a credit card to pay for purchases.
If it's wrong I completely apologize!
Hoping this helps!

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On January 1, 20X8, Ritt Corporation acquired 80 percent of Shaw Corporation's $10 par common stock for $956,000. On this date,

attashe74 [19]

Answer:

The amount of non-controlling interest reported should be $251,000

Explanation:

Non-controlling interest = $239,000

Net income = $190,000

Cash dividends = $125,000

Amortization of increase in plant = $100,000 ÷ 20 years = $5,000

Value of Shaw's Corporation on January 1, 20X8 = $956,000 + $239,000

= $ 1,195,000

Value of Shaw's Corporation on December 31, 20X8 = Value of Shaw's Corporation on January 1, 20X8 + Net income - Cash dividends - Amortization of increase in plant

= $ 1,195,000 + $190,000 - $125,000 - $5,000

= $1,255,000

Minority interest = 20% × $1,255,000

= $251,000

6 0

3 years ago

State 4 factors that will hinder the development of the manufacturing industry<br>

ivolga24 [154]

Answer:

Tip

Raw Materials and Supplies

Machinery and Equipment

Factory Overhead and Utilities

Explanation:

5 0

2 years ago

The Cash Over and Short account:Select one:a. Is used to record a credit balance in the cash account.b. Is an income statement a

Katyanochek1 [597]

Answer:

b. Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions.

Explanation:

Cash over and short account, is not the actual cash account or something like that. In fact it is an expense account made which reports all the over-dues that is overages or short-dues that results from an imprest account, like petty cash.

This account records the difference created in between the expected value of cash and actual value of cash in imprest account.

Therefore the correct option in all the above is:

b. Is an income statement account used for recording the income effects of cash overages and cash shortages from errors in making change and/or from errors in processing petty cash transactions.

8 0

3 years ago

Your company wants to hire a third-party vendor to handle all of the customer service calls because they are a well-known leader

Fantom [35]

Answer:

The correct answer is the option A: Include the following in your presentation.

Explanation:

First of all, if as a manager you look forward to convince your employer to not hire a third-party that carries your area then the most effective recommendation would be to include the majority of info that is neccesary in a statement that proves the value that you have in the area and that there is no need of increasing the costs by involving another party. That is why, that by identifying the fallacious in the learning team, selecting five points that support your decision, descrbing how your logical reasoning counteracts the fallacious and summarizing why your seleceted business decision would be more effective would increase the fact of convincing the employer.

7 0

3 years ago

Flask Company reports net sales of $2,190 million; cost of goods sold of $2,060 million; net income of $410 million; and average

Oliga [24]

Answer:

1.12

Explanation:

Flask company has a net sales of $2,190 million

The cost of goods sold is $2,060 million

Net income is $410 million

Average total assets is $1,960

Therefore it's total assets turnover can be calculated as follows

= sales/Total assets turnover

= $2,190 million/$1,960 million

= 1.12

7 0

3 years ago