1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
german
3 years ago
9

Primer Company acquired an 80% interest in SealCoat Company on January 1, 2013, for $450,000 cash when SealCoat Company had comm

on stock of $250,000 and retained earnings of $250,000. All excess was attributable to plant assets with a 10-year life.
SealCoat Company made $50,000 in 2013 and paid no dividends. Primer Company's separate income in 2013 was $625,000. The controlling interest in consolidated net income for 2013 is:

a. $675,000.

b. $665,000.

c. $660,000.

d. $625,000.
Business
1 answer:
KATRIN_1 [288]3 years ago
3 0

Answer:

b) $665,000.

Explanation:

Primer income: $625,000

SealCoat income: $50,000

Primer interest in SealCoat is 80% therefore primer is a parent company to SealCoat and is entitled to $40,000 (80%*$50,000) on SealCoat income.

Therefore, consolidated net income for 2013 is: $665,000 (625,000+40000)

You might be interested in
Advertising, fashion trends, and new product introductions serve to
dmitriy555 [2]
The correct answer is letter c. create consumer demand. Advertising, fashion trends, and new product introductions serve to create consumer demand. 

Disequilibrium occurs when the quantity supplied and the quantity demanded are not the same in a market. The statement presented is True.

8 0
3 years ago
In the short run, a monopolistically competitive firm continues to increase production _____ if it can at least cover its variab
tankabanditka [31]

Answer:

Until Marginal Revenue = Marginal Cost

​

Explanation:

In the short run, a monopolistic ally competitive firm continues to increase production until MR = MC if it can at least cover its variable cost. This is the profit maximizing condition. If firm is able to cover his variable costs in short run, he should continue production.

8 0
3 years ago
An investor purchases a stock for $38 and a put for $.50 with a strike price of $35. The investor sells a call for $.50 with a s
Nuetrik [128]

Answer: $2

Explanation:

From the question, we are informed that an investor purchases a stock for $38 and a put for $.50 with a strike price of $35 and that the investor sells a call for $.50 with a strike price of $40.

The maximum profit for this position will be the purchase price of the stock deducted from the strike price of call option. This will be:

= $40 - $38

= $2

7 0
3 years ago
Suppose the following information (in thousands of dollars) is available for H.J. Heinz Company—famous for ketchup and other fin
larisa [96]

Answer:

                         H. J. HEINZ COMPANY

                            Partial Balance Sheet

                   For the month ended April 30, 2017

Assets

<u>Current assets</u>

Cash                                                            $373,145

Accounts receivable                                  $1,171,797

Inventory                                                     $1,237,613

Prepaid insurance                                      <u>$125,765 </u>

Total current assets                                  <u> $2,908,320</u>  A

<u>Property, plant, and equipment</u>

Land                                                                          $76,193

Buildings                                        $4,033,369

Less: Accumulated depreciation <u>$2,131,260</u>         <u>$1,902,109</u>

                                                                                 <u>$1,978,302</u>  B

<u>Intangible assets</u>

Goodwill                                                                   $3,982,954

Trademarks                                                              <u>$757,907    </u>

                                                                                 <u>$4,740,861 </u>C

Total assets (A+B+C)                                                $9,627,483

6 0
3 years ago
You are thinking about the things that can go wrong on your trip home over the Thanksgiving break. You have booked a flight with
victus00 [196]

Answer:

The probability of you making it home for the holidays is:

= 45%.

Explanation:

a) Data and Calculations:

Probability of Scareways flights being canceled = 38%

Probability of successfully traveling with Scareways = 62% (100 - 38%)

Probability of getting a seat in Walter's car = 72%

Therefore, the probability of making it home for the holidays = the combined probabilities (either Scareways flight or Walter's car)

= 62% * 72%

= 0.62 * 0.72

= 0.4464

= 45%

3 0
3 years ago
Other questions:
  • If a new firm was launched to help businesses comply with the affordable care act, that opportunity was created by ________.
    9·1 answer
  • Which of these is the best example of successfully managing a financial asset?
    15·1 answer
  • Explain where on that financial statement you would find the debt information.
    11·1 answer
  • Suppose a starbucks tall latte cost $4.00 in the united states, 5.00 euros in the euro area and $2.50 australian dollars in aust
    11·1 answer
  • If actual output exceeds potential output for a prolonged period of time, we would eventually expect factor prices to:
    5·1 answer
  • In the short run, the quantity of output that firms supply can deviate from the natural level of output if the actual price leve
    8·1 answer
  • Spencer wants to work in a field that relates to alternative energy sources. His research suggests these careers (see list below
    10·1 answer
  • Fabrick Company's quality cost report is to be based on the following data: Lost sales due to poor quality $ 78,000 Quality data
    11·1 answer
  • Mimi is granted a license to sell her unique Spirit Pins at local high school lacrosse games. When Mimi prices her pins at $10,
    6·1 answer
  • Miguel is NOT very self-aware. How will this MOST likely affect his upcoming job search process?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!