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3 years ago

Development of the Eurocurrency Market A Eurocurrency is any currency that is banked outside of its country of origin.

Business

1 answer:

aleksandr82 [10.1K]3 years ago

4 0

Answer:

A Eurocurrency is any currency that is banked outside of its country of origin.

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On July 1, 2021, Tremen Corporation acquired 30% of the shares of Delany Company. Tremen paid $3,160,000 for the investment, and

Alenkasestr [34]

Answer:

Amount paid to acquire investments $3,160,000

Net income $1,100,000

Less: Yearly dividends (140,000*4) ($560,000)

Income after dividends $540,000

Share in income after dividends

for 6 months ($540,000 * 30% * 6/12) $81,000

Balance of investments of Tremen corporation $ 3,079,000

Hence, the balance of investments of Tremen corporation in Delany company is $3,079,000 .

5 0

3 years ago

Suppose you are a leader responsible for an organization’s vision/mission statements. How often do you think they should be chan

Roman55 [17]

Explanation:

Vision and mission statements are extremely important for a company to convey its core values to its employees, suppliers and customers. They help communicate the company's identity and provide direction and set goals that are fundamental to organizational success. They are considered the basis of an organization, so it is not recommended that changes in vision and mission are frequent, the reasons that justify the change would be the change of the organizational focus and the evolution of the organizational objectives and expansion of the target audience.

8 0

3 years ago

TJ's and Corner Grocery are all-equity firms. TJ's has 2,500 shares outstanding at a market price of $16.70 a share. Corner Groc

alexandr402 [8]

Answer:

$1.30

Explanation:

The valuation of TJ's = price per share * number of shares in issue

= $16.70 * 2,500 shares = $41,750.

Corner Grocery offer for TJ's of $45,000, and obviously a premium over the market value of TJ's at $41,750.

The price per share of Corner Grocery's offer = $\frac{45,000}{2,500}$ = $18 per share.

That is, offer value divided by the number of shares to be acquired.

Therefore, merger premium per share = offer price, less market price

= $18 - $16.70.

= $1.30

8 0

3 years ago

True or false: It is acceptable accounting practice to initially record prepaid rent in either a balance sheet or income stateme

umka2103 [35]

Answer:

False

Explanation:

In the initial period, the prepaid expenses should be recorded in the assets hand side of the balance sheet under the current asset column

But when some adjustments are made regarding this in terms of gains or expenses incurred, the same should be presented on the income statement

Hence, the given statement is false as it is recorded in the assets only during the initial period

4 0

3 years ago

To the following:

vlabodo [156]

Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional

7 0

3 years ago