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
emmasim [6.3K]
3 years ago
7

On November 1, 2021, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of t

he business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2022. On December 31, 2021, the company's year-end, the following information relative to the discontinued division was accumulated:
Operating loss Jan. 1–Dec. 31, 2021 $67 million
Estimated operating losses, Jan. 1 to April 30, 2022 99 million
Excess of fair value, less costs to sell, over book value at Dec. 31, 2021 16 million

In its income statement for the year ended December 31, 2021, Jamison would report a before-tax loss on discontinued operations of:

a. $150 million.
b. $166 million.
c. $51 million.
d. $67 million.
Business
1 answer:
skad [1K]3 years ago
7 0

Answer:

d. $67 million.

Explanation:

The asset is not impaired because the fair value is higher than the book value. Therefore, the only operating loss of $67,000,000 can be reported.

Particulars                                                           Amount

Operating Loss(Jan 1 to 31 Dec 2021              $67,000,000

Before Tax loss on discontinued operation   $67,000,000

Hence, Jamison would report a before-tax loss on discontinued operations of $67,000,000.

You might be interested in
Look at the following picture and think about the organizational structure. Your task is to advise someone on how that organizat
Veseljchak [2.6K]

Answer:

top down management

Explanation:

This organizational structure seen in the picture is a representation of top down management. In this structure, the individual at the top of the hierarchy has the most power and full command. Instructions are passed down the chain of command. For example, the CEO is in charge of the company and gives orders to the Managers (Production and Marketing). These managers follow that order and decide what orders to give the individual's under their supervision in the chain of command. These individuals are represented by the connecting lines in the diagram to the Managers. Once these individuals (Foremen and Sales Officer's) receive their orders, they create and relay their own orders down to the Workers and Salespeople.

4 0
3 years ago
which manufacturing strategy can be described as producing products to put into inventory based on a demand forecast
Gwar [14]

The make-to-stock manufacturing (MTS) strategy can be described as producing products to put into stock based on a demand forecast.

In this strategy, companies do not maintain productive stability over a period of time, but adjust their manufacturing strategy according to times when demand can increase or decrease.

Some advantages of the make-to-stock strategy are:

  • Economy of scale.
  • Waste reduction.
  • Efficiency in the use of resources.
  • Increased response time.

So this is an effective manufacturing strategy for companies that can accurately forecast their demand.

Learn more here:

brainly.com/question/24099922

8 0
3 years ago
An employee has a claim on the cash flows of Martin’s Machines. This claim is defined as a claim by one of the firm's:
noname [10]

Answer:

Stakeholder

Explanation:

The stakeholders are the people and group that has an interest in the company and it directly gains or suffered from the actions that are taken by the company

It involves various persons like employees, suppliers, investors, customers, government, unions, etc

Here in the given situation, the employee has a claim on the cash flows so this represents the stakeholder

5 0
3 years ago
A negative cash flow to owners indicates that a firm has ________. Question 3 options: borrowed more money. sold additional shar
Alex17521 [72]

Answer: Issued dividends while maintaining a constant number of outstanding shares of stock

Explanation:

A negative cashflow is meant to indicate that cash has left the company. If this is in relation to the owners then it either means that the company has repurchased shares or paid out dividends.

From the options, the correct answer would be that the company issued dividends while maintaining a constant number of outstanding shares of stock. This would be reflected in the Financing section of the Cashflow statement.

5 0
3 years ago
A business owner makes 1000 items a day. Each day she spends 8 hours producing those items. If hired, elsewhere she could have e
AveGali [126]

Answer:

c. ​$240,000

Explanation:

Her economic profit is given by her revenue deducted by the explicit costs (I=$150,000) and implicit costs (opportunity cost).

Her monthly revenue is:

R=1,000\ (items/day)*30\ days*\$15/item\\R = \$450,000

Her opportunity cost is:

O = 30\ days* 8\ (hours/day)*\$250/hour\\O=\$60,000

Her economic profit is:

P = R-I-O\\P=\$450,000-\$150,000-\$60,000\\P=\$240,000

The answer is c. ​$240,000.

5 0
3 years ago
Other questions:
  • A project has an initial cost of $18,400 and is expected to produce cash inflows of $7,200, $8,900, and $7,500 over the next thr
    9·1 answer
  • Analysis of data management tools for diabetes self-management; can smart phone technology keep up?
    5·1 answer
  • A contingency plan a. is unnecessary for organizations that face a dynamic environment. b. is developed after considering possib
    11·1 answer
  • 23. Which of the following is the correct sequence of creating business organizations? A. Departmental Structures → Organization
    10·1 answer
  • Which of the following statements is false? a. Productivity is expected to improve as more economic activity is transferred to t
    15·1 answer
  • (3-5 sentences): Suggestions for potential solutions (how to ensure an Economic crisis like this does not happen again):
    8·1 answer
  • The process of identifying the actual measurement scale to assess the variables of interest is called
    8·1 answer
  • An accounting professor is considering opening his own consulting firm. To do so, she will have to quit her current job, that pa
    12·1 answer
  • Arntson, Inc., manufactures and sells two products: Product R3 and Product N0. The annual production and sales of Product of R3
    11·1 answer
  • many of the most important factors that shape a negotiation result do not occur during the negotiation, but occur after the part
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!