1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
wlad13 [49]
3 years ago
15

On January 1, Year 1, Johnston Company purchased a 40% interest in the common stock of Truly Inc. for $100,000. Johnston has sig

nificant influence but not control. On December 10, Year 1, Truly declared and paid dividends of $20,000. Truly reported net income of $50,000 for Year 1.
What is the book value of Johnston’s investment in Truly at the end of Year 1?
Business
1 answer:
e-lub [12.9K]3 years ago
5 0

Answer:

$112,000

Explanation:

The Equity method shall be used in this question for determining book value of investment made by the Johnston company in Truly Inc because the investment gives the Johnston company the significant influence over the Truly Inc.

Under equity method, the book value of investment made by the Johnston company as at end of year 1 shall be determined as follow:

Amount invested initially                                 $100,000

Add: Net income for the year                          $20,000

(50,000*40%)

Less: dividends received                                 ($8,000)

(20,000*40%)    

Book value of investment at end of year 1      $112,000

You might be interested in
CalPERS, the California Public Employees Retirement System, manages over 240 billion dollars in assets. As an example of shared
Sphinxa [80]

Answer:

The correct option is true

Explanation:

Shared activism refers to the use of direct action in achieving a goal as in the case of people refusing to leave a house marked for demolition in order to protect the house from being demolished.

CalPERS as a pension fund manager coupled with being a major shareholder in many of the firms where it holds investment has just employed the strategy of direct intervention known as shared activism in order  that the value of its  portfolio is optimized.

5 0
3 years ago
You live Happytown, Illinois, and you are an intern for the Happytown County Health Department. It is now April and your office
34kurt

Answer:

The first place to post the flyer will be <u>Children Day Care Centers </u>

Second will be near <u>ponds, lakes</u> where people tend to go for swimming

Third will be at the <u>schools and hospitals</u>

Fourth will be at <u>indoor / swimming pool</u> for general public and professional swimmers

Explanation:

Children Day Care Centers:

Kids who attend day care centers, including diaper aged kids and people who take care of the day care kids are more like prone to infection. Especially, when parents of infected kids leave their kids in the day care where rest of the kids attend. Kids have weak immune system and they get easily affected by Cryptosporidium.

Ponds, Lakes, Indoor swimming pool

Backpackers, hikers & campers use the lakes and ponds for bathing, swimming etc., are exposed to Cryptosporidium infection as they end to consume unfiltered and untreated water

Schools and Hospitals

Kids, infants and pregnant women are more like to get seriously ill due to weak immune system which may lead to dehydration leading to diarrhea, as they tend to contact infected people.

4 0
3 years ago
The loanable funds thoery of interest shows that interest rates on loans are determineds by?
lyudmila [28]

The loanable fund's theory of interest shows that interest rates on loans are determined by supply and demand for funds available for lending because higher rates will be due to higher demand for lending while higher supply can reduce lending.

Loanable funds encompass family savings and/or bank loans. because funding in new capital items is regularly made with a loanable price range, the demand and supply of capital are often mentioned in phrases of the demand and delivery of loanable funds.

The delivery of loanable finances is based on financial savings. The demand for loanable budgets is primarily based on borrowing. The interaction between the supply of financial savings and the call for loans determines the actual hobby price and how much is loaned out.

The loanable budget market illustrates the interaction of borrowers and savers in the economic system. it is a version of a marketplace model, however, what is being “bought” and “offered” is cash that has been saved. debtors call for a loanable price range and savers supply loanable finances.

Learn more about  Loanable funds here:

brainly.com/question/13636725

#SPJ4

3 0
1 year ago
The executive leadership team of a large corporation is analyzing a report. The report's contents have information that can be u
gregori [183]

Answer:

The answer is D.

Explanation:

Competitor intelligence essentially means understanding and learning what's happening in the world outside your business so you can be as competitive as possible. It means learning as much as possible about your industry in general, your competitors, or even your county's particular zoning rules so as to get a better understanding of what the consumers want.

4 0
3 years ago
Splashdown Corporation manufactures water toys. It plans to grow by producing highminusquality water slides at a low cost that a
Ket [755]

Answer:

D. number of process improvements.

Explanation:

The balance score card is the score card which demonstrates the level of performance through which the organisation will be able to take the correct actions, decisions.

As in the given situation, the company wants to increase its sales so for that the company should improves its number of processes which results in the innovation made by the company that represented the different product as compare with the competitors

5 0
2 years ago
Other questions:
  • For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U.S. GDP
    15·1 answer
  • Gordon rosel went to his bank to find out how long it will take for $1,200 to amount to $1,650 at 8% simple interest. calculate
    6·1 answer
  • A master plan is devised for
    11·1 answer
  • Millstone Company produces only one product. Normal capacity is 20,000 units per year, and the unit sales price is $5. Relevant
    15·1 answer
  • Which of the following is a result of a lower interest rate?
    6·1 answer
  • A 65-year old widow that is in a low tax bracket and that has a low risk tolerance wishes to make an investment that will provid
    15·1 answer
  • What is the purpose of Usury Laws?
    11·1 answer
  • Oozyil623 Corporation's third quarter budgeted sales and production numbers are below: July August September Sales in units 46,5
    10·1 answer
  • Ruby Company produces a chair that requires 7 yards of material per unit. The standard price of one yard of material is $14.40.
    15·1 answer
  • What is a product mix ?
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!