Answer:
correct answer is b. $444,000
Explanation:
given data
acquired = 40%
voting stock = $420,000
2020 Park earned = $120,000
2021 Park earned = $160,000
paid dividends = $50,000
paid dividends = $40,000
sold half of its stock in Park = $275,000
solution
we get here Balance at December 31 2020 that is express as
Balance at December 31 = Acquisition price + share in net income-share in dividend .........................1
put here value we get
Balance at December 31 = 420000 + (120000 × 0.4) - (60000 × 0.4)
Balance at December 31 = 444000
so correct answer is b. $444,000
Answer:
a) 8,000
b) Yes
c) -60%
Explanation:
a) 8,000
b) Yes
c) -60%
) 8,000
a.the trader puts up=20000(1000*50%*40)
he lost $10000(1000*$10)
if he trader pays $2000 in dividend
the remaining margin=20000-10000-2000
$8000
b.) margin rate=equity /liability
8000/50000*100%=
16% , so we have a margin call
c.Equity decreases from 20000 to 8000 in 1 year
return= -12000/20000=-0.60
=-60%
Answer:$105
Explanation: $85x10 is $850 minus $745 for table is $105
Answer:
1) assuming that the credit card company's payments are immediate (1 business day)
April 30,2015, net credit and debit card sales
Dr Cash 13,580
Cr Sales revenue 13,580
2) assuming that the credit card company's payments are immediate (1 business day)
April 30,2015, gross credit and debit card sales
Dr Cash 13,580
Dr Credit card fees 420
Cr Sales revenue 14,000