In which language category does C++ belong?

On July 1, 2018, Tremen Corporation acquired 40% of the shares of Delany Company. Tremen paid $3,000,000 for the investment, and

MakcuM [25]

Answer:

Net income from July 1 to 31 December 2018 750,000

Less; Dividend paid ($180,000 x 2) <u>360,000</u>

Net income after dividend <u>390,000</u>

Tremen's share of net income = 40% x $390,000 = $156,000

Tremen's Total investment = $3,000,000 + $156,000 = $3,156,000

The correct answer is D

Explanation:

In this regard, we will determine the net income for 6 months (July 1 to December 31), which is $1,500,000 divided by 2. Then, we will derive the dividend paid for the remaining 2 quarters of the year, which is $180,000 multiplied by 2. We will deduct the dividend paid for the remaining two quarters from the net income for 6 months. Thereafter, we will multiply the net income after dividend by 40%, which is Tremen's stake in the company. Finally, we will add Tremen's share of net income to his initial investment of $3,000,000.

8 0

3 years ago

Magic Realm, Inc., has developed a new fantasy board game. The company sold 45,000 games last year at a selling price of $66 per

storchak [24]

Answer:

Please see below and attached.

Explanation:

1a. Prepare a contribution format income statement for the game last year. The Net operating income is $90,000.

1-b The degree of operating leverage

= $10.

2a. Net operating income increases by 220%

2b. Total expected net operating income is $288,000.

Please find attached detailed breakdown of the answers provided above

7 0

4 years ago

The chart shows the costs associated with the purchase of a new home.

dexar [7]

Answer: Costs associated with obtaining the loan.

Closing costs for the buyer refers to the cost of taking out a home loan and costs associated with owning a home.

Costs of taking out a home loan include costs of origination, processing the home loan and the cost of home inspection, cost of credit report etc.

Costs of owning a home include home insurance, pest infection fees, home owner’s association fees etc.

The chart lists taxes and origination fees separately. Hence the item ‘costs associated with obtaining the loan’ will also be referred to as closing costs

.

7 0

4 years ago

Read 2 more answers

A lunch packager and distributor receives a shipment of freshly cut on-the-go shaped fruit. To get the fruit ready for distribut

aleksandr82 [10.1K]

Answer:

The vacuum-sealed packaging is the added value and the decorations with cartoon icons of the particular fruit all over.

Explanation:

The vacuum-sealed packaging is the added value.

This vacuum-sealed packaging makes sure the fruits stay fresh by providing an air-tight environment.

It also preserves the moisture in the fruit for an extended period of time and allowing one to enjoy the fruit as it will still taste fresh.

Also, vacuum-sealed packaging allows the fruit to stay longer and it wont go bad.

In addition to this vacuum-sealed packaging, the cartoon icons of the particular fruit all over lunch-box size container which is vacuum-sealed is also an addded value. This will invite customers to the product.

8 0

3 years ago

Assume personal tax rates are lower than corporate tax rates. From a tax-paying shareholder point of view, how should a firm spe

ASHA 777 [7]

Answer: e. repurchase shares

Explanation:

If the personal tax rates are lower than corporate tax rates then the company should engage in an activity that would put money into the pockets of shareholders such that they would take advantage of the lower personal tax rates.

The best way to do that would be a share repurchase. The company would probably buy at above market rates which would give shareholders capital gain and they wouldn't have to pay much taxes on it as personal rates are lower.

4 0

4 years ago