Answer:
$66,250
Explanation:
Calculation for What is the effect of including Dean in consolidated net income for 2022
Effect of including Dean in consolidated net income for 2022=[($960,000-$780,000)*5/12]- ($21,000 × 5/12)
Effect of including Dean in consolidated net income for 2022=($180,000 × 5/12)- ($21,000 × 5/12)
Effect of including Dean in consolidated net income for 2022=$75,000-$8,750
Effect of including Dean in consolidated net income for 2022=$66,250
(Note that August 1 to December 31 will give us 5 months)
Therefore the effect of including Dean in consolidated net income for 2022 is $66,250
Answer:
Explanation:
1. Posting Transferring amounts from the journal to the ledger
2. Account A detailed record of all increases and decreases that have occurred in a particular asset, liability, or equity during a period
3. Debit Left side of a T-account
4. Journal A record of transactions in date order
5. Charts of accounts A list of all accounts with their account number
6. Trial balance A list of all accounts with their balances at a point in time
7. Normal balance Side of an account where increases are recorded
8. Ledger A journal entry that is characterized by having multiple debits and/or multiple credits
9. Credit Right side of a T-account
10. Compound journal entry The record-holding all the accounts of a business, the changes in those accounts, and their balances
Answer:
Net Capital Spending = $121
Explanation:
The Net Capital Spending is the amount of money a company spends in the acquisition of fixed assets during the year. Mathematically, it is represented as:
Net Capital Spending = Ending net fixed asset - Beginning net fixed asset + depreciation
Net Capital Spending = 550 - 471 + 42 = $121
∴ Net Capital Spending = $121
Answer:
Approximately $2,525
Explanation:
If Taxes on the property Buyer Alan is purchasing are $3,200 due on December 31, and the closing is set for October 15, using the 365-day method, the amount of the taxes that will be credited to the buyer is:
[Total days in a year - Balance days / Total days] x Amount
[(365 days - 77 days) / 365] x $3200 = $2524.93 approximately $2525
Answer:
E) assess the current reality
Explanation:
- Zara's method of identification of the customer's needs and wants and then categorization them as per the planning perspective and strategic management involves the assessment of the current reality trends in the market and keeping a check on the demands of the customers.
