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Fantom [35]
3 years ago
8

On January 1, 20X9, Pallet Company acquires 80 percent ownership in Slat Corporation for $200,000. The fair value of the noncont

rolling interest at that time is determined to be $50,000. Slat reports net assets with a book value of $250,000 and fair value of $250,000. Pallet Company reports net assets with a book value of $600,000 and a fair value of $650,000 at that time, excluding its investment in Slat. What will be the amount of consolidated net assets that would be reported immediately after the combination?
Business
1 answer:
polet [3.4K]3 years ago
7 0

Answer:

<em>Consolidated Assets 850,000</em>

Explanation:

We need to calcualte the alue of the purchased portion of Slat.

total assets - non-controlled = proportional owned assets

250,000 - 50,000 = 200,000

The consolidated net assets would be:

Pallet Company 650,000

Slat Company    250,000

non-controlling    (50,000)

<em>Consolidated Assets 850,000</em>

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You had used an online service to apply for a credit card. As part of the process, you submitted your personal information such
ch4aika [34]

Answer:

b. Identity theft

Explanation:

It is the acquisition of another person's information such as Social Security Number , date of birth and employer information etc. for fraudulent act.

8 0
3 years ago
The company makes 340 units of product P23F a year, requiring a total of 710 machine-hours, 80 orders, and 40 inspection-hours p
kifflom [539]

Answer:

$ 5,401.60

Explanation:

Activity cost pool

<em>Assembly</em>: $ 698,720 (Total Cost) / $ 44,000 (Total activity machine-hours)

             = $ 15.88 per machine-hour

<em>Processing Orders</em>: $ 90,763 (Total cost) / 1,900 orders = 47.77 per order

<em>Inspection</em>: $ 119,535 / 1,950 inspection-hours = $61.30 per inspection-hour

Overhead Costs:

Assembly: 15.88 per MH *710 MHs = 11,274.80

Processing Orders: $ 47.77 per order * 80 orders = $3,821.60

Inspection: $ 61.30 per IH * 40 IHs = 2,452.00

<em>Sales</em>: (340 * 121.90) = $ 41,446.00

<em>Costs</em>:

 Direct materials (340 * 40.05) = $ 13,617.00

 Direct labor (340 * $ 14.35) = $ 4,879.00

 Assembly $ 11,274.80

 Processing $ 3,821,60

 Inspection $ 2,452.00

 <em>Total of costs</em>: $ 36,044.40

<em>Product Margin</em>:  (Costs - Sales) $ 5,401.60

                             

4 0
3 years ago
Which of the following is true about careers in agriculture?
PtichkaEL [24]

the real answer is a

5 0
3 years ago
Which of the following would occur if a firm chose not to hold inventory for a given product?
GrogVix [38]

Answer:

C. Order placement costs would increase

Explanation:

Order placement costs are those incurred when ordering a product: for example, the wages of the employees who place the orders, the shipping costs, the cost of tariffs and duties in case the products are imported from abroad, and any other specific costs associated with the process of getting the product from the source to the firm.

If a company chooses not to hold inventory, order placement costs will increase in the moment that they get an order for the good which is not in stock, simply because the good will have to be ordered.

8 0
3 years ago
An increase in the minimum wage​ ______. A. decreases employment and increases unemployment if it is set above the equilibrium w
fenix001 [56]

Answer:

The correct answer to fill the blank space will be option "C"

Explanation:

The relation between minimum wage and employment depends on the magnitude of the minimum wage relative to wage rate. Seein this we can say that an increase in the legal minimum wage will bring up the employment rate if it is set bellow the wage rate.

7 0
3 years ago
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