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fgiga [73]
3 years ago
14

During the current year, Sedgewick Inc. had sales on account of $264,000, cash sales of $108,000, and collections on account of

$168,000. In addition, Sedgewick Company also collected $2,900 from a customer whose account Sedgewick Company had written off as uncollectible in the prior year. As a result of these transactions, the current year's change in the accounts receivable balance is aa. $201,100 increase.b. $96,000 increase.c. $93,100 increase.d. $204,000 increase.
Business
1 answer:
Romashka [77]3 years ago
7 0

Answer:

B. $96,000

Explanation:

$264,000 - $168,000 = $96,000

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Thyme, Inc. owns 16,000 of Sage Co.'s 20,000 outstanding common shares. The carrying value of Sage's equity is $500,000. Sage su
DedPeter [7]

Answer:

The total non controlling interest after the additional shares are issued is equal to $252,000.

Explanation:

Before the issue Sage co's had 20,000 shares with total equity value of $500,000. After the issue of 5000 shares worth $200,000, the total number of shares and equity would be -

Total number of shares = 25,000 ( 20,0000 + 5000 )

Total equity value          = $700,000

Now Thyme inc owns 16,000 number of shares , which means that minority holds 9000 number of shares . Now the price per share would be =

       TOTAL EQUITY / NUMBER OF SHARES

         $700,000 / 25,000

=        $28

NON CONTROLLING INTEREST = Minority shares x Price per shares

                                                      = 9000 x $28

                                                      = $252,000

8 0
3 years ago
1. John wants to round 5.64 to the nearest tenth using a number line. He is
pickupchik [31]

Answer:

Explanation:

5.6

6 0
3 years ago
Current cost to source from the home plant to Country A is $0.55 per unit, plus $0.02 in shipping (there is no tariff). If produ
Marianna [84]

Answer:

Cost savings in sourcing from Country A = $0.5 million ($57.5 - $57 million)

Explanation:

Sourcing from Country A:

Purchase price = $0.55 per unit

Shipping = $0.02

Total Cost = $0.57

Cost of 100 million units = $57 million

Sourcing from Country B:

Purchasing price = $0.44 ($0.55 x 80%)

Shipping = $0.06

CIF Tariff = 15% = $0.075  ($0.5 x 15%)

Total Cost = $0.575

Cost of 100 million units = $57.5 million

Sourcing from Country A is more beneficial than sourcing from Country B with reduced product cost, but increased shipping and additional tariff.  Whereas Country A gives a total cost for 100 million units of $57 million, sourcing the same units from Country B gives a total cost of $57.5 million.  The savings of $0.5 million is substantial that no company would like to lose unless the goods from Country B are of higher quality than those from Country A.

7 0
3 years ago
The following information relates to Franklin Freightways for its first year of operations (data in millions of dollars): Pretax
kotegsom [21]

Answer:

The correct answer is $165 ( Million).

Explanation:

According to the scenario, the given data are as follows:

Pretax accounting income = $200 (Million)

Overweight fines = $5 (Million)

Understated depreciation = $110 - $70 = $40 (million)

So, we can calculate the taxable income by using following formula:

Taxable income = Pretax accounting income + Overweight fines - Understated depreciation

By putting the value, we get

Taxable income = $200 + $5 - $40

= $165 (Million)

3 0
2 years ago
Vetox sells industrial chemicals. One of their inputs can be purchased in either jugs or barrels. A jug contains one gallon, whi
Over [174]

Answer:

The formula to calculate Economic Order Quantity is.

EOQ = \sqrt{\frac{2DS}{H}}

Thus,

D = demand rate

P = Unit cost

H = holding cost per gallon per months

S = ordering cost

It very well may be seen that order quantity is legitimately relative to demand rate and ordering cost. ordering quantity is conversely corresponding to holding cost. In this manner, the ordering quantity relies upon demand rate, ordering cost and holding cost as order quantity is legitimately relative to demand rate and ordering cost.  

Along these lines. Vetox sells may arrange number of gallons with containers or barrels extending on the Demand rate. ordering cost and holding cost factors.

7 0
3 years ago
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