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frozen [14]
3 years ago
12

Ms. Jessup teaches 7th grade. Her students do not pay tuition to attend her school. Which describes the type of school that Ms.

Jessup works at? She is in a private elementary school. She is in a public elementary school. She is in a private middle school. She is in a public middle school.
Business
2 answers:
USPshnik [31]3 years ago
8 0

Answer:

She is in a public Middle School (D)

Explanation:

I took the test, have a lovely day!! :)

iVinArrow [24]3 years ago
4 0

Answer:

She is in a public middle school.

Explanation:

A middle school is a part of the stages of the education system that exist between the primary school and the high school. It plays the function of the intermediate school between the two stages. Public middle schools are the schools that run on the funds provided by the government. Either the state of the federal government may provide grants to run the school.

In the given excerpt, the type of school in which Ms. Jessup is the teacher is the public middle school. She is the teacher of the seventh grade and in this school, the students do not pay their tuition fees. This means that the school is run by the grants provided by the government.

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Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant
Ivenika [448]

Answer: provided in the explanation segment

Explanation:

To begin we will answer each part accordingly.

For Requirement 1 :  

I would say that Excel Motors should use the Equity method to account for its investment in Dynamic Motors, because the investment results in significant influence over the investment company.

For Requirement 2 :  

In the books of Excel Motors: we have that;

Transaction/ Event   Date Accounts&Explanation   Debit ($

)  Credit($

)

    1.     Jan 6, 2018   Investment in Associate 240,000,000    

                                                        Cash                            240,000,000

Accnt&Explan: To record cash paid for equity investment in Dynamic Motors.  

   

    2.              Cash ( $ 15,000,000 x 45%)      6,750,000  

                        Investment in Associate                         6,750,000

Accnt&Explan:To record dividend received in cash from Dynamic Motors  

   

3. Investment in Associate ( $ 10,000,000 x 45%) 4,500,000  

                                           Investment Revenue                        4,500,000

Accnt&Explan:To record income earned on equity investment

For Requirement 3:

 Equity Investment in Dynamic Motors:

               Cash      240,000,000           Cash                 6,750,000

Investment Income 4,500,000  

                                                                       Ending Balance 237,750,000

                                      244,500,000  244,500,000

The balance would be classified as a non-current asset on the balance sheet dated December 31, 2018

cheers i hope you understand, this is actually in a tabular form.

8 0
2 years ago
Loran's pretax accounting income in 20X1 is $100,000. Loran had bad debt expense for financial reporting purposes of $14,000 in
stira [4]

Answer:

$2,800

Explanation:

Particulars                                                                       Amount

Favorable temporary difference at the end of 20X2   $7000

* Income tax rate                                                             <u>   40%  </u>

Deferred tax asset account at the end of 20X2         <u>$2,800</u>

6 0
3 years ago
Business fluctuations are systematic increases and decreases in real GDP. Please select the best answer from the choices provide
BlackZzzverrR [31]
From the subject of economics, specifically macroeconomics,  it says that the statement above is false. <span>Business cycles, not business fluctuations, are systematic increases and decreases in real GDP. Business fluctuations are called unsystematic changes. </span>
5 0
3 years ago
Read 2 more answers
____, or providing information supporting their policy positions to legislators, is a visible role played by interest groups. in
Eva8 [605]
Lobbying or providing information supporting their policy positions to legislators, is a visible role played by interest groups. 
Lobbying are efforts that are directed primarily at the national level; committees of Congress that consider legislation, and executive departments. Those involved depend on their personal relationship with members of Congress and the executive branch, which are based on keeping in regular contract. 
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3 years ago
Kubin Company’s relevant range of production is 11,000 to 14,000 units. When it produces and sells 12,500 units, its average cos
erastovalidia [21]

Answer:

a. $142,500

b. $86,250

Explanation:

a. The computation of the total direct manufacturing cost is shown below:

= (Direct material per unit + direct labor per unit)  × number of units manufactured

= ($7.20 + $4.20) × 12,500 units

=  $142,500

b. The computation of the total indirect manufacturing cost is shown below:

= (Variable manufacturing overhead per unit + Fixed manufacturing overhead per unit)  × number of units manufactured

= ($1.70 + $5.20) × 12,500 units

=  $86,250

8 0
3 years ago
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