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Vlada [557]
3 years ago
7

Prior to 2008, CBS Corp. owned approximately 18% of Westwood One, Inc., which managed the CBS Radio Network. CBS, in turn, manag

ed Westwood under a management agreement. Further, one employee of CBS was a member of Westwood’s board of directors. CBS did not control the board of directors, however. In this situation, how should CBS account for its investment in Westwood One?
Business
1 answer:
olga nikolaevna [1]3 years ago
4 0

Answer and explanation:

The influence a company may have over another when one of them has a number of shares that belongs to the other is determined by the percentage of ownership that the number of shares represent. If its lower than 20%, it is said the company has <em>no influence</em> over the other. From 20% to 50% one company has <em>significant influence</em> over the other. Finally, with more than 50% of the outstanding shares in possession, one company has <em>control </em>over the other.

In that case, CBS Corp. has no influence over Westwood One, Inc. since it owns only 18% of the outstanding shares.

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5 0
3 years ago
Sophie's credit card has an APR of 19 percent. What is the periodic rate?
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Her daily periodic interest rate is 0.05%, her monthly periodic interest rate is 1.58%, and her semiannually periodic interest rate is 9.5%.
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3 0
3 years ago
Gaulle Company began the year with a balance of $6,000 in Accounts Receivable and ended the year with $9,000 in the account. Rev
Mkey [24]

Answer:

$35,000

Explanation:

Data provided in the question:

Accounts Receivable at the start of the year = $6,000

Accounts Receivable at the end of the year = $9,000

Revenues for the period = $38,000

Now,

cash collected from the customers

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= $6,000 + $38,000 - $9,000

= $35,000

8 0
3 years ago
You want to invest $37,000 today to accumulate $41,650 to buy a car. If you can invest at an interest rate of 3% compounded annu
Gnom [1K]

Answer:

4 years

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Amy is shopping for a dress to wear to a formal dance. She tried on several dresses, not even noticing the price of each. After
fredd [130]

Answer: It is called affective choice

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3 years ago
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