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Lelu [443]
2 years ago
8

Madison Corporation purchased 45% of Jay Corporation for $120,000 on January 1. On June 20 of the same year, Jay Corporation dec

lared total cash dividends of $30,000. At year-end, Jay Corporation reported net income of $150,000. The balance in Madison's Equity Method Investments—Jay Corporation account as of December 31 should be:
Business
1 answer:
Romashka-Z-Leto [24]2 years ago
4 0

Answer:

The correct answer is $175,500.

Explanation:

According to the scenario, the given data are as follows:

Investment value = $120,000

Acquisition Dividend = $30,000 × 45% = $12,000

Net income share = $150,000 × 45% = $67,500

So, we can calculate the balance amount by using following formula:

Balance amount = Investment value  - Acquisition Dividend + Net income share

= $120,000 - $12,000 + $67,500

= $175,500

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Challenger Factory produces two similar products: regular widgets and deluxe widgets. The total factory overhead budget is $589,
alekssr [168]

Answer:

Challenger Factory

The total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= $795,600.

Explanation:

a) Data and Calculations:

Total budgeted factory overhead = $589,600

Total estimated direct labor hours = 376,800

Overhead rate = $589,600/376,800 = $1.56

Direct labor hours per unit of widget = 4 hours

Budgeted production of regular widgets for the period = 75,000 units

Total direct labor hours for the period = 75,000 * 4 = 300,000 hours

Actual production of regular widgets for the period = 127,500

Total direct labor hours for regular widgets = 510,000 (127,500 *4)

Total factory overhead that Challenger Factory will allocate to regular widget production if budgeted production is 75,000 units and actual production for the period is 127,500 units would be:

= 510,000 * $1.56 = $795,600

3 0
2 years ago
Luxury Swiss chalet hotel general manager reported to her owner that the hotels occupancy index for calendar year 2019 was 1.25.
Alex

Answer:

the Swiss Chalet had higher occupancy than its competitive set in 2019

7 0
2 years ago
Weather speech is going to be delivered before one or 100 people this speaker should
melomori [17]
Be prepared for the worse, be expected for 100 or even 1000 people to show, even though it might not happen. Be prepared! Run your lines to the point to where they are drilled into your brain and most of all stay calm. You definitely do not want to have a panic attack while your giving your speech. Find a familiar face in the crowd and focus on them, if there are none, imagine everyone naked. Be energetic and do not drone on, make it exciting.
Good luck
7 0
3 years ago
Lang Warehouses borrowed $196,401 from a bank and signed a note requiring 7 annual payments of $33,942 beginning one year from t
Snezhnost [94]

Answer:

5%

Explanation:

Internal rate of return is the discount rate that equates the after-tax cash flows from an investment to the amount invested

IRR can be calculated with a financial calculator  

The interest rate implicit in the agreement can be determined by finding the internal rate of return.

Cash flow in year 0 =  $-196,401

Cash flow each year from year 1 to 7 = $33,942

IRR = 5%

To find the IRR using a financial calculator:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the IRR button and then press the compute button.  

5 0
2 years ago
Explain the meaning of rationalization, prototyping and design determination and give an example of each
matrenka [14]

Answer:

rationalization: (1) the action of attempting to explain or justify behaviour or an attitude with logical reasons, even if these are not appropriate.

(2)the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.

prototyping : (1)an experimental process where design teams implement ideas into tangible forms from paper to digital.

design determination : (1) Design and determination are semantically related in aim topic. Sometimes you can use "Design" instead a noun "Determination".

Explanation:

examples:-

(1) rationalization : a person who is turned down for a date might rationalize the situation by saying they were not attracted to the other person anyway. A student might blame a poor exam score on the instructor rather than their own lack of preparation.

(2) prototyping : cognitive representation of something within a certain category. ... So if you see another dog, you could say that other dog is small (compared to your prototype), heavy, ugly, beautiful, etc.

(3) design determination : testing a new depression medication

5 0
2 years ago
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