Two types of deposit accounts are ____

Emergency managers have authority to direct voluntary organizational assets. true or false.

dmitriy555 [2]

True, if their enterprise is a flop then why not ?

3 0

3 years ago

On January 3, 2018, Matteson Corporation acquired 40 percent of the outstanding common stock of O’Toole Company for $1,379,000.

lara [203]

Answer:

total investment (net) 1,454,6‬00

Explanation:

40% acqired for 1,379,000

book value (863,000)

excess of value / copyrights 516,000

useful life of the copyrights: 10 years

depreciation per year: 516,000 / 10 = 51,600

net income 353,000 x 40% = 141,200

cash dividends 35,000 x 40% = (14,000)

investment account increase 127,200

beginning balance 863,000

year-end 990,200

copyrights 516,000

amortization on copyrights (51,600)

year-end copyrights 464,400

investment on O'Toole 990,200

copyrights 464,400

total investment (net) 1,454,6‬00

3 0

3 years ago

Individualized performance goals reduce competition and improve the functioning of teams in which cooperation among members is e

9966 [12]

Answer:

B. False

Explanation:

Individualized performance goals increase the competition. Everyone wants to compete with other to achieve their individual goals. It also does not improve the functioning of the teams. It lacks the cooperation within the team members and every individual wants to improve their own performance rather the performance of whole team because the will be judged by the individual performance / achievements rather on the basis of teams performance / achievements.

5 0

4 years ago

Frantic Fast Foods had earnings after taxes of $430,000 in 20X1 with 345,000 shares outstanding. On January 1, 20X2, the firm is

Anuta_ua [19.1K]

Answer:earnings per share for the year 20X1= $1.25 per share

earnings per share for the year 20X2 = 1.40

Explanation:

Earning per share is calculated as = Earning after taxes ÷ Shares outstanding

Therefore, earnings per share for the year 20X1.

= $430,000 ÷345,000 shares

= $1.25 per share

2. In the next year,there was a change in earnings after tax by 23 percent and an increase in shares by 34,000,

Therefore, we have earnings per share for the year 20X2 as

= ($430,000 × 1.23) ÷ ( 345,000 + 34,000)

=528,900/379000

=1.3955 rounded to 1.40

3 0

3 years ago

On October 1, 2018, Chief Corporation declared and issued a 10% stock dividend. Before this date, Chief had 80,000 shares of $5

iris [78.8K]

Answer:

correct option is a. decrease by $80,000

Explanation:

given data

stock dividend = 10%

common stock = $5

Chief = 80,000 shares

market value = $10

to find out

Chief's retained earnings will

solution

here retaining earning will be decrease by the maount of stock dividend that is

retaining earning = $80,000 × 10 % × $10

retaining earning = $80,000 × 0.10 × $10

retaining earning = $80000

so here correct option is a. decrease by $80,000

4 0

3 years ago

Two types of deposit accounts are _____.