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Alecsey [184]
3 years ago
10

During each of the next three years, Silver reported net income of $30,000 and paid dividends of $10,000. On January 1, 20X9, Pl

ate sold 1,500 shares of Silver's $10 par value shares for $60,000 in cash. Plate used the fully adjusted equity method in accounting for its ownership of Silver Company. Based on the preceding information, what was the balance in the investment account reported by Plate on January 1, 20X9, before its sale of shares?
Business
1 answer:
nikdorinn [45]3 years ago
3 0

Answer:

$255,000

Explanation:

If a company acquires shares of another company the investment amount is shown in the balance sheet of the acquirer. When Plate acquired shares of Silver, it reported the investment of $225,000. The Silver reports a profit of $30,000 on January 2019. The amount reflected in the balance sheet of Plate will be $255,000. This is the sum of investment plus the profit reported by the Silver.

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3 years ago
A salesperson finds out the home he has listed was once used as a meth lab. In this circumstance, he should
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Answer: (B) Disclose

Explanation:

According to the question, the salesperson should disclose about the home that he has listed that the home was only used as the meth lab at once in the specific period of time.

Disclose is the process that helps in revealing the data or information about the specific things or the different types of financial statements.

The main advantage of the disclosure is that it helps in understanding the things more clearly without any interruption and makes the thinks more crystal clear.

 Therefore, Option (B) is correct.

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3 years ago
If the capital stock ________ while the supply of labor ________, it is likely that the productivity of labor will fall.
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If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

<h3>What is Labor productivity?</h3>

Labor productivity is use to measure the output of a labour based on hourly basis.

Labor productivity is usually determined by the amount of Capital that is investment. This include technological and human capital.

Therefore, If the capital stock fixed while the supply of labor increases, it is likely that the productivity of labor will fall.

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5 0
2 years ago
You have a franchised planet fitness gym. you began the business by paying your initial franchise fees and now you pay royalties
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You have a franchised planet fitness gym. you began the business by paying your initial franchise fees and now you pay royalties on a regular basis. this typical fee structure for a franchise is an Example Of an advantage For An Franchisor.

In the aforementioned scenario, we first pay the initial franchise fees and then we are required to pay royalties on a regular basis. As a result, it is obvious that the franchisor benefits financially and that overall growth also benefits because the franchisor does not assume any risk in the Planet Fitness Gym; instead, they merely provide their franchises and receive regular basis income.

Additionally, they lower market and gym startup costs, among other things. They also gain from the fact that opening a new gym raises the value of their brand in the marketplace, which helps the franchisor long-term and accelerates their overall growth.

A franchise is a kind of license that gives a franchisee access to a franchisor's confidential company information, operational procedures, and trade names, enabling the franchisee to conduct business under the franchisor's brand.

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1 year ago
Please select the word from the list that best fits the definition a market structure in which a large number of firms produce t
Shkiper50 [21]

Answer:

Perfect competition is a market structure in which a large number of firms produce the same product.

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Items at a grocery store are an example of perfect competition. onsumers have many options at multiple price points.

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