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3 years ago

Following are several figures reported for Allister and Barone as of December 31, 2018:

Business

1 answer:

Natali5045456 [20]3 years ago

8 0

Answer and Explanation:

The computation of inventory, sales, cost of goods sold, Operating expenses and Net income attributable to non-controlling interest is shown below:-

But before that we need to determine the following calculations

Unrealized profit on inventory = ($172,000 - $126,000) × 10%

= $4,600

Customer list amortization = $70,000 ÷ 4

= $17,500

Inventory = $530,000 + $330,000 - $4,600

= $855,400

Sales = $1,060,000 + $860,000 - $172,000

= $1,748,000

Cost of goods sold = $530,000 + $430,000 + $4,600 - $172,000

= $792,600

Operating expenses = $245,000 + $315,000 + $17,500

= $577,500

Net income attributable to non-controlling interest = 10% × ($860,000 - $430,000 - $315,000 - $4,600 - $17,500)

= 10% × $92,900

= $9,290

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On November 4, 2018, Blue Company acquired an asset (27.5-year residential real property) for $200,000 for use in its business.

sleet_krkn [62]

Answer:

A. $191,818

B. $303

C. Loss; $11,515

Explanation:

A. Calculation to determine what The adjusted basis of the asset at the end of 2019 is

Cost of asset $200,000

Less Greater of allowed and allowable cost recovery:

2018 $910

2019 $7,272 ($8,182)

($910+$7,272=$81,82)

Adjusted basis of the asset at the end of 2019 $191,818

($200,000-$8,182)

Therefore the Adjusted basis of the asset at the end of 2019 will be $191,818

B. Calculation to determine what The cost recovery deduction for 2020 is

Cost recovery deduction for 2020= ($200,000 x .03636 x 0.5 / 12)

Cost recovery deduction for 2020=$303

Therefore The Cost recovery deduction for 2020 is $303

C. Calculation to determine what The____on the sale of the asset in 2020 is

Based on the information given we would be using 0.3636 as the percentage for 27.5-year assets.

Cost of asset $200,000

Less Greater of allowed and allowable cost recovery:

2018 $910

2019 $7,272 ($8,182)

($910+$7,272=$81,82)

Adjusted basis of the asset at the end of 2019 $191,818

($200,000-$8,182)

Less Cost recovery for 2020 $303

($200,000 * .03636 * 0.5 / 12)

Basis on date of sale $191,515

($191,818-$303)

Loss on sale of asset ($11,515)

($180,000 – $191,515)

Therefore The LOSS on the sale of the asset in 2020 is $11,515

6 0

3 years ago

Firms pursuing a ________ strategy focus on the realization of location and experience curve economies.

Kazeer [188]

Firms pursuing a global standardization strategy focus on the realization of location and experience curve economies.

<h3>What is a global standardization strategy?</h3>

The capacity to apply standardized marketing messaging and campaigns across markets, regions, and cultures is referred to as a global standardization strategy. Global standardization is used by the world's largest brands, such as Adidas and Coca-Cola, to offer a consistent brand experience across countries and languages.

For example, the Coca-Cola Company uses global standardization in marketing by keeping the product's presentation largely consistent throughout markets. Even though several languages are shown on the items, the corporation uses the same design motif.

These advantages include cost reduction, international price reduction, competitive decrease, market position consolidation, and promotion of a distinct international image.

To know more about global standardization strategy follow the link:

brainly.com/question/17159333

#SPJ4

8 0

1 year ago

Victor Rumsfeld Inc.'s dividend policy is under review by its board. Its projected capital budget is $2,000,000, its target capi

melomori [17]

Answer:

The multiple choices are

a. $240,000

b. $228,000

c. $216,600

d.$205,770

e. $0

The correct option is E,$0

Explanation:

The funding required from equity is 40% of the projected capital budget of $2000,000 which is expected to be from the profit attributable to stockholders since new issue of shares is not contemplated.

In other words, dividends payable to shareholders is the net income less their counter funding of the project which is computed below:

residual dividends=net income-(equity%*capital outlay)

residual dividends=$300,000-(40%*$2000,000)

=$300,000-$800,000=$0

In essence the $300,000 is not even enough as funds expected from equity less alone paying excess as dividend

3 0

3 years ago

What are the fundamentals of a wealthy life?

Alenkinab [10]

Answer:

Avoiding debt.
Budgeting properly.
Setting short-term and long-term goals.
Investing in yourself.
Diversifying your assets.
An understanding of risk and reward

8 0

3 years ago

Read 2 more answers

The production decisions of perfectly competitive firms follow one of the Ten Principles of Economics, which states that rationa

GaryK [48]

Answer: d) think at the margin.

Explanation:

A rational person is defined as some who makes decision with the intelligent thinking rather being emotional .This result usually results in sensible outcomes.

According to the Ten principles of Economics,it is supposed that a rational person tends to think intelligently and would prefer to make minute changes in the resources while taking decision so that optimal rate can be maintained and additional action can be further thought.

Other option are incorrect because purchasing items from smaller organization, sunk rate and average cost product equalizing with the price is not the decision ability of a rational person

7 0

3 years ago