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
bixtya [17]
4 years ago
6

On July 1, 20X4, Pillow Corp. obtained significant influence over Sleep Co. through the purchase of 3,000 shares of Sleep's 10,0

00 outstanding shares of common stock for $20 per share. On December 15, 20X4, Sleep paid $40,000 in dividends to its common stockholders. Sleep's net income for the year ended December 31, 20X4, was $120,000, earned evenly throughout the year. In its 20X4 income statement, what amount of income from this investment should Pillow report
Business
1 answer:
puteri [66]4 years ago
3 0

Answer: $18,000

Explanation:

Income from investment is the percentage of the acquired company's income that the company that acquired it will report as their own based on their percentage of ownership.

By purchasing 3,000 shares out of 10,000, Pillow Corp owns;

= 3,000 / 10,000

= 30% of Sleep Co.

These shares were bough on July 1 so the relevant period will be half a year.

At the end of the year, Pillow Corp will report 30% of half of Sleep Co. income as income from investment for the year.

= 30% * 120,000 * 0.5

= $18,000

You might be interested in
Gross domestic product
avanturin [10]
Gross Domestic Product (GDP) of a country is the total market value of all the finished products in that country. It is calculated on an annual basis but can be calculated on quarterly basis also. It acts as an indicator of the growth of economy of a country.
GDP includes only final goods and services. It does not include the second hand products, transfer payments and financial transactions.

Answer: (d) ALL OF THE ABOVE
3 0
3 years ago
State and local governments in the United States share the costs of criminal justice by making ________ primarily a local functi
Marta_Voda [28]

Answer:

The correct word for the blank space is: policy protection; corrections.

Explanation:

Policy protection is related to the regulation of individuals' reckless behavior such as <em>abuse or trafficking of drugs, theft, domestic violence, school safety, and juvenile misbehavior</em>. Local governments -counties and districts- have the power to enforce law over those matters until their jurisdiction allows it.

Criminal corrections involve all the penalties a state must impose on individuals who committed improper behavior and were against the law, thus, they must be punished.

6 0
3 years ago
What is research limitation
svetlana [45]

Answer:

are influences that the researcher cannot control. They are the shortcomings, conditions or influences that cannot be controlled by the researcher that place restrictions on your methodology and conclusions

4 0
3 years ago
The difference between the current sales revenue and the sales at the break-even point is called the:a. price factor b. operatin
AlekseyPX

Answer:

d. margin of safety

Explanation:

The margin of safety is the difference between the recorded sales and break-even sales. It is used to indicate the level by which sales can decrease before a project becomes unprofitable. The formula for calculating the margin of safety is actual sales minus break-even point divided by the actual sales.

The margin of safety is also referred to as a safety margin. It can be calculated either in units or dollar value. Managers and investors set the size of the margin of safety, depending on their preference and type of investment.

4 0
3 years ago
Please answer both questions !
Serjik [45]

Answer: ( give brainliest)

both service

Explanation:

5 0
3 years ago
Read 2 more answers
Other questions:
  • All of these are advantages of a franchise except:
    15·1 answer
  • The Phantom Corporation started 6,700 units during February. Phantom started the month with 890 units in process (40% complete)
    15·1 answer
  • George Kyparisis makes bowling balls in his Miami plant. With recent increases in his​ costs, he has a newfound interest in effi
    15·1 answer
  • True or false if something is legal, it is also ethical
    5·1 answer
  • Colin McKinney, director of marketing for Greenwald Industrial Products, complains to his advertising director that the continui
    5·1 answer
  • Select the items that describe a public good.
    9·2 answers
  • On December 31, Strike Company has decided to discard one of its batting cages. The equipment had an initial cost of $310,000 an
    11·1 answer
  • In a market economy, decisions about which goods are produced are based on:
    11·1 answer
  • 3. Problems and Applications Q3 The problem of time inconsistency applies to fiscal policy as well as to monetary policy. Suppos
    14·1 answer
  • susan took out a life insurance policy on herself, paying all of the premium payments. she named her daughter, jessica, as the b
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!