Plz someone help me i will give brainliest this is on plato

Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $10,900

In-s [12.5K]

Answer:

$54,650

Explanation:

Total Net operating income from the two divisions is the difference between the total sales and the total expenses. The total expense is made up of the fixed cost and variable cost. Whilst the variable cost is measured and unique to each departments, the fixed cost is not attributable to a single department.

The variable cost and sales are dependent on the level of activities. The sales less the variable cost gives the contribution margin.

As such, contribution less fixed cost gives the net operating income.

Common fixed cost

= ($77,100 + $43,100 - $10,900)/2

= $54,650

This cost would have been subtracted from each department to get the net operating income hence the division by 2.

3 0

3 years ago

On September 30, 2018, Corso Steel acquired a patent from Thermo Steel. The agreement specified that Corso will pay Thermo $1,00

Delicious77 [7]

Answer:

$17,146

Explanation:

Given:

Acquisition cost of patent = $2,000,000. $1,000,000 is paid immediately. Remaining $1,000,000 is paid after 2 years on September 30, 2020.

We have to calculate present value of $1,000,000 @8%, 2 years. Present value factor is 0.8573.

Present value of $1,000,000 = 1,000,000×0.8573 = $857,300.

Calculation of interest expense:

Principal amount = $857,300

Rate = 0.08

Time period = $\frac{3}{12}$ = $\frac{1}{4}$ \

Interest expense = $857,300\times 0.08\times \frac{1}{4}$

= $17,146

Therefore, interest expense to be recorded as on December 31, 2018 is $17,146

5 0

3 years ago

Baskin-Robbins is one of the world’s largest specialty ice cream shops. The company offers dozens of different flavors, from Ver

Colt1911 [192]

Answer:

yes

Explanation:

yes

4 0

2 years ago

Mark the boxes that are TRUE. 1. One of the largest divestitures in American history occurred when the U.S. Government ruled tha

Umnica [9.8K]

Answer:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

TRUE

In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint.

Explanation:

1. One of the largest divestitures in American history occurred when the U.S. Government ruled that the AT & T ® Corporation was a monopoly that must be divided so that the telephone market might be more competitive.

TRUE

In 1982, U.S. regulators broke up the AT&T monopoly, requiring AT&T to divest its regional subsidiaries and turning them each into individual companies. From that point AT&T as a result of this breakup, faced competition from new competitors such as MCI and Sprint.

2. The Federal Aviation Administration regulates the airlines.

TRUE

The Federal Aviation Administration (FAA) is the regulatory arm of the government of the United States which controls all aspects of civil aviation.

3. The Federal Newspaper Association regulates the free speech in newspapers.

FALSE

It is the Federal Communications Commission

4. The Securities and Exchange Commission regulates the stock market.

TRUE

The U.S. Securities and Exchange Commission (SEC) is a government agency responsible for overseeing and regulating investments in shares, and maintain fair and orderly functioning of the securities markets.

5. The Federal Reserve Board regulates the postal system.

FALSE

The Federal Reserve Board governs the Federal Reserve System and the U.S. central bank in charge of making the country's monetary policy.

6. The Interstate Commerce Commission polices monopolistic practices.

FALSE

Interstate Commerce Commission (ICC), was charged with regulating the services of specified carriers engaged in transportation between states.

7. The Federal Reserve Housing regulates the housing prices in America.

False

That would have been the United States Housing Authority

8 0

3 years ago

Prior to recording adjusting entries, the Office Supplies account had a $363 debit balance. A physical count of the supplies sho

drek231 [11]

Answer:

Explanation:

The adjusting entry is shown below:

Office supplies expense A/c Dr $257

To Office supplies $257

(Being adjusted entry recorded in respect of office supplies)

Since in the question it is given that, the debit balance of office supply is $363 and the physical count show $107 unused supplies which mean it is of no use. So, the actual amount of office supplies would be calculated by applying an equation which is shown below:

= Office supplies debit balance - unused office supplies

= $363 - $107

= $257

Moreover, the office supply is shown in the balance sheet under the assets account. And, to find out the correct value of the office supply we debit the expense account and credit the asset account.

7 0

3 years ago