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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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Today you put $1000 in the bank. your bank pays 5% interest, continuously compounded. in 3 years, how much money will you have i
IRINA_888 [86]

With continuous interest,
F=Pe^{rt}
where 
F=future value
P=principal = 1000
r=rate=5%
t=time=3 years

F=Pe^{rt}
=1000e^{0.05*3}
=1000e^{0.15}
=1161.83

Answer: The accumulated amount after three years is $1161.83
4 0
3 years ago
Project managers are ultimately responsible for quality management on their projects.
vovikov84 [41]
A. true

unless you have quality control, present in bigger corperations
5 0
4 years ago
A situation in which both unemployment and inflation rates are high is known as ______.
faust18 [17]

Stagflation is a condition in which both the unemployment rate and the inflation rate are high. Stagflation is characterised by slower economic development, low employment rates, and increased inflation rates. Stagflation is the occurrence of low economic growth, high unemployment.

In terms of economics, stagflation, sometimes known as recession-inflation, is a state in which unemployment is consistently high, the economy is growing slowly, and the inflation rate is high or rising. When inflation and economic stagnation coexist, this is known as stagflation. The economy is in a state of stagnation due to rising unemployment.

The term "stagflation" was first used in the 1970s, a period of both high inflation and rising unemployment. Stagflation wasn't commonly acknowledged until the middle of the 20th century.

To know more about stagflation, click here:-

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7 0
1 year ago
You are the beneficiary of a life insurance policy. The insurance company informs you that you have two options for receiving th
Ronch [10]

Answer:

you should accept the payments because they are worth $56,451.91 today

Explanation:

We have to determinate the present value of the proposed annuity of $641 per month over a ten year spawn

Then, the value of the annuity:

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 641.00

time 120 (12 months x 10 years)

rate 0.005416667

641 \times \frac{1-(1+0.00541666666666667)^{-120} }{0.00541666666666667} = PV\\

PV $56,451.9083

5 0
4 years ago
Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p
mote1985 [20]

Answer:

B. $2,300.

Explanation:

The computation of the ending inventory using FIFO method is given below:

Since there are 5 diamonds and one is sold

So, the ending inventory units should be

= 5 - 1

= 4

Now the ending inventory be

= 2 × $600 + 2 × $550

= $1,200 + $1,100

= $2,300

Hence, the option b is correct

4 0
3 years ago
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