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Fiesta28 [93]
3 years ago
12

On January 1, Year 1, Grade Company paid $300,000 for 20,000 shares of Medium Company's common stock, which represents a 15% inv

estment in Medium. Grade does not have the ability to exercise significant influence over Medium. Medium declared and paid a dividend of $1 a share to its stockholders during Year 1. Medium reported net income of $260,000 for the year ended December 31, Year 1, and had a market value of $300,000 at December 31, Year 1. The balance in Grade's balance sheet account "Investment in Medium Company" at December 31, Year 1, should be
a) $280,000.

b) $300,000.

c) $319,000.

d) $339,000.
Business
1 answer:
slavikrds [6]3 years ago
8 0

Answer:

B) $300,000.

Explanation:

Since Grade Company cannot exercise any real influence on Medium Company, it cannot value its investment using the equity method and must record its investment at fair market value. This means that the investment account must equal the market value of the 20,000 stocks, which in this case is $300,000. Grade Company should also record dividends received as revenue from investing activities.

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Greg had selected 8 intervals total to service. He logged in on time for each interval, but ended up logging out 5
inysia [295]

Answer:

The resulting CA percentage for the week to the nearest number is 94%

Explanation:  

CA refers to Commitment Adherence.

Commitment Adherence (CA) is a way to calculate the reliability of an employee in relation to how much time they put into their work.

Put differently, it is a mathematical comparison between how much time you stated that you were going to work versus the actual amount worked. This concept is prevalent with people who use clock-in and clock-out system to measure productivity.

Step 1

The formula for calculating Commitment Adherence (CA) is:

(Serviced Minutes - Excused Non-Serviced Minutes) / (Posted Minutes + Released Minutes)

When you log out at about 5 minutes early it translates to 83% because each interval is 30 minutes. So 23/30 = 83%

Step 2

There are 8 intervals. 5 of them are 100% each. Thus total intervals for the week equal

(5*100%)+(3*83%) =

7.49 *30 = 224.7

Total number of intervals selected =

8*30 = 240

Therefore commitment adherence = 224.7/240

= 0.94%

Cheers!

6 0
3 years ago
Joel and Liza are having a disagreement over one of their stock investments, which just lost 15 percent in a short period of tim
anastassius [24]
B.

It says Liza is risk tolerant, therefore it would make sense that she would hold on to these stocks as risk tolerant people often hold onto stocks in the long term.
8 0
3 years ago
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Which of the following is an exanple of a function skill​
Bad White [126]

Answer:

Walking

Explanation:

3 0
3 years ago
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Which of these statements best represents the law of supply?
Dafna1 [17]

Answer:

The correct answer would be option C, When the price of a good decreases, sellers produce less of the good.

Explanation:

According to the law of supply, when the price of the product increases, the quantity supplied also increases.

This theory suggests that there is a direct relationship between the price of the product and the quantity supplied of the product. So when the price of a good decreases, sellers produce less of the good.

6 0
3 years ago
Supplies were purchased on January 1, 2019; inventory of supplies on January 31, 2019, is $1,200. The prepaid advertising contra
fenix001 [56]

Missing information attached along with the complete worksheet

Answer:

rent expense 1,700 debit

  prepaid rent    1,700 credit

dep expense 350 debit

  acc dep equip      350 credit

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      prepaid advertizing      1,400 credit

Explanation:

advertizing:

5,600 divide into 4 months = 1400 accrued per month

depreciaton:

42,000 / 10 years = 4,200

then we divide by 12 month: 350

4 0
3 years ago
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