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JulijaS [17]
4 years ago
14

On November 1, 2016, Jamison Inc. adopted a plan to discontinue its barge division, which qualifies as a separate component of t

he business according to GAAP regarding discontinued operations. The disposal of the division was expected to be concluded by April 30, 2017. On December 31, 2016, the company's year-end, the following information relative to the discontinued division was accumulated:
Operating loss Jan. 1 – Dec. 31, 2016 $84 million
Estimated operating losses, Jan. 1 to April 30, 2017 80 million
Excess of fair value, less costs to sell, over book value at Dec. 31, 2016 14 million


In its income statement for the year ended December 31, 2016, Jamison would report a before-tax loss on discontinued operations of:
Business
1 answer:
JulijaS [17]4 years ago
4 0

Answer:

$66 million

Explanation:

Jamison should report a before-tax loss on discontinued operations = estimated operating loss from January 1 to April 30 - excess of fair value = $80 million - $14 million = $66 million

The current operating loss of $84 million must also be reported but as loss on current operations.

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In response to dwindling sales of organic meats, Hain Celestial executives decided to promote the sale of organically grown nuts
3241004551 [841]

Answer:

Product substitute

Explanation:

Product substitute is defined as one that meets similar needs of the consumer. As demand for one of such goods rises the demand of the other tends to fall as the meet similar needs.

In the given scenario organic meats are seen as being substituted by organically grown nuts as a source of protein.

So when Hain Celestial has dwindling sales of organic meats they were considering organically grown nuts as a different product to give to customers

3 0
3 years ago
31)Private property and competition between businesses are common in
Scilla [17]

Answer:

C)capitalist

Explanation:

Market economies and mixed economies can be described as capitalist economies. In capitalist economies, private individuals and firms own the factors of production or capital goods. The private sector produces goods and services consumed in the economy. The motive for producing the goods is the private sector's self-interest or profits.

The free enterprise market is the purest form of a capitalist economy. Capitalist economies contrast with socialists economies where ownership of capital goods is in the government's hands.

7 0
3 years ago
Bramble Corp. factors $3250000 of its accounts receivables without recourse for a finance charge of 4%. The finance company reta
My name is Ann [436]

Answer: $3,672,500

Explanation:

Based on the information given in the question, the debit to cash in the journal entry to record this transaction will be:

= $3,250,000 - ($3,250,000 × 4%) + ($3,250,000 × 9%)

= $3,250,000 - $130,000 + $292,500

= $3,672,500

Therefore, the debit to cash will be $3,672,500.

7 0
3 years ago
Mateo wants to buy a new guitar and amp that will cost about $2,500. He works part time at a cafe and brings home around $500 pe
Phoenix [80]

The part of Mateo's goal that is missing in regards to buying the guitar in two months is the amount that is saved towards the goal.

<h3>What detail is missing?</h3>

The scenario painted talks about the amount that Mateo earns per week which is $500. Earning this amount, he should be able to purchase the guitar in 5 weeks if he devotes it all to the guitar.

He however says he can only buy the guitar in two months which means that the entire amount is not going towards the guitar. The missing detail is the amount that is saved every week.

Find out more on saving at brainly.com/question/341992.

7 0
3 years ago
Background:
ivann1987 [24]

Answer:

i want to see the answer to this question

3 0
3 years ago
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