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lord [1]
3 years ago
15

Zach Company owns 45% of the voting stock of Tomas Corporation and uses the equity method in recording this investment. Tomas Co

rporation reported a $20,000 net loss. Zach Company's entry would include a _________.a. debit to the investment account for $9,000
b. credit to cash for $9,000

c. credit to a loss account for $9,000

d. credit to the investment account for $9,000
Business
2 answers:
Sunny_sXe [5.5K]3 years ago
6 0

Answer:

d. Credit to the investment account for $9000.

Explanation:

Since Zach company owns 45% of the voting stock in the Tomas corporation and Tomas corporation uses an equity method in recording this investment and it reports a net loss of $20,000.

The Zach company's entry would be Credit to the investment account for $9000.

- Calculations: $20000 * 0.45 = 9000.

Hope this helps.

ThankYou.

andriy [413]3 years ago
3 0

Answer:

The correct answer is option D. credit to the investment account for $9,000

Explanation:

0.45 x $20,000 = $9,000

Hence the answer is D. credit to the investment account for $9,000

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If the expected rate of inflation was 3% and the actual rate was 6.2%; the systematic response coefficient from inflation, would
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The systematic response coefficient from inflation, would result in a change in any security return of <u>3.2 βI</u>.

<u>Explanation</u>:

<em><u>Given</u></em>:

Expected rate of inflation = 3%

Actual rate of inflation = 6.2%

The change in security return can be calculated by obtaining the differences between actual and expected levels of inflation.

Change in security return= Actual rate of inflation- Expected rate of inflation

                                                     = 6.2%-3%

                                                     = 3.2%

<u>Change in security return= 3.2 βI </u>

<u></u>

7 0
3 years ago
Phil, age 20, is single and can be claimed as a dependent on his parent's return. He had $150 in interest income and wages of $7
Korvikt [17]

Answer: B - $7,150

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Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.

According to the above question, Phil earns $7,000 as wages plus $150 in interest income.

From the above information, Phil has a standard tax of $7,150.

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If a profit-maximizing, competitive firm is producing a quantity at which marginal cost is between average variable cost and ave
Murljashka [212]

Answer:

a. keep producing in the short run but exit the market in the long run.

Explanation:

To answer the question, there is a need to look at the effect of the situation on the firm both in the short- run and the long-run

Short Run Effect

The Marginal cost is between average variable cost and average total cost. The business can still continue producing goods because the quantity being produced is still able to cover the average variable cost. This means that the firm is still able meet its variable costs by setting the price of its goods to its marginal cost which is an amount greater than its average variable cost.  

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However, in the long-run the company will begin to have issues even meeting other important costs such as the fixed costs associated with production and as such, the firm will need to exit the market in the long run. For instance the cost of long term loans (principal and interest) may not be covered by the net income of the firm.  

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