All categories

3 years ago

The following information applies to the questions displayed below.

Business

1 answer:

lana [24]3 years ago

7 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

Download xlsx

You might be interested in

He balance shown in the August bank statement of Colt Company was $22,400. After examining the August bank statement and items i

Pani-rosa [81]

Answer:

A.$20,200

Explanation:

The computation of the cash amount which is to be reported is shown below:

= August bank statement balance - checks outstanding + deposit outstanding

= $22,400 - $4,500 + $2,300

= $20,200

The other items like NSF check, Note collected by the bank for the Colt Company, and Bank service fees are irrelevant. Hence, these are ignored and not be considered in the computation part

7 0

3 years ago

ABC company uses the equity method to account for its 40% interestt in voting stock of XYZ company. ABC paid $5,000,000 for inve

frutty [35]

Answer:

the end of year book value would be $5,160,000.

Explanation:

given data

equity method to account = 40%

ABC paid investment = $5,000,000

total book value = $6,000,000

solution

when there are more than 20% stake in other company

than we apply equity method

so here we use

Amount of investment = $5,000,000

Share in net incom (600,000 x 40%) = $240,000

Share in the dividend (200,000 x 40%) = -$80,000

Book value at the end of the year = $5,160,000

So the end of year book value would be $5,160,000.

3 0

3 years ago

Companies can use _____ analysis to predict income based on various changes in fixed or variable costs, selling price and volume

Marina86 [1]

Answer:

Constant or fixed cost

Explanation:

because companies are always set fixed money to their customers

4 0

3 years ago

The Unique Bookshelf Company is considering the purchase of a custom delivery van costing approximately $50,000. Using a discoun

Georgia [21]

Answer:

$1,200

Explanation:

Given that

Purchase of a customer delivery van = $50,000

discount rate = 20%

Present value of future cost savings = $51,200

Yield = 20%

Based on the above information, as per the net present value the initial cost of the equipment should not be more than the present value of cash inflows i.e. $51,200

So the more than amount is

= $51,200 - $50,000

= $1,200

8 0

3 years ago

To increase productivity, your project team has completed the task to develop potential ideas for approval by senior management.

oksian1 [2.3K]

Answer and Explanation:

A lot of the information and suggestions in this section assume a staff of at least five or six members, which is the number at which sustaining internal communication can become particularly difficult. This is not meant to imply that smaller organizations don't have internal communication needs, or that the need for good internal communication is any less in an organization with three staff members than in one with 30. If your staff is larger than one, internal communication is an issue that you can't afford to ignore. Most of the material that follows is relevant to small organizations as well as large ones. This section will help you establish an atmosphere and set up systems that will lead to good internal communication and to the effectiveness of your organization.

7 0

3 years ago