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3 years ago

As of January 1 of the current year, Kane owned all the 100 issued shares of Manning Corp., a calendar

Business

1 answer:

aliina [53]3 years ago

5 0

Answer:

A) $56,750

Explanation:

Since Manning's ownership changed during the year, it must allocate income differently for the first 40 days than the remaining 325.

Kane should report the following income:

100% income form Manning x 40/365 = $73,000 x 40/365 = $8,000
75% income from Manning x 325/365 = $73,000 x 75% x 325/365 = $48,750
total income allocated to Kane = $8,000 + $48,750 = $56,750

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4. Study Question #4 Ch 7. Why are developing nations concerned with commodity price stabilization? Check all that apply. Improv

iragen [17]

Answer:

Developing nations are concerned with commodity price stabilization because of the following reasons

There are high price elasticity of supply and demand for many commodities
Developing economies are often highly dependent on the export of just one or a few commodities.

Explanation:

In recent decades there has been growing concern about the sharp fluctuations of primary product prices, the effects of those fluctuations on particular groups of producers and particular countries, and the measures which might be taken to reduce or offset the fluctuations.

Producing countries have been dominated by proposals for stabilizing world prices of commodities, in particular via the establishment of a “Common Fund” within the framework of UNCTAD's Integrated Program for Commodities.

However, developing nations are concerned with commodity price stabilization because of the two reasons provided above which could result in inflation and deflation.

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3 years ago

Which of the following statements is not true for T accounts?

Sever21 [200]

Answer: The statement "d. The excess of the credits of an asset account over the debits is the balance of the account.". is <u>NOT TRUE.</u>

Explanation: The statement "d." is not true because according to the basic equity equation (ASSETS = LIABILITIES + EQUITY).

The excess of the debits of an asset account over the credits is the balance of the account and the excess of the credits of an owner's equity account or a liability account over the debits is the balance of the account.

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3 years ago

How does the viscosity of the magma fed to volcanoes affect nearby life and property?

saveliy_v [14]

<span>A volcano that expels highly viscous magma is a greater threat to life and property because it is more explosives and thus is more difficult or impossible to predict. When there are more explosives happen, the damage that created to nearby life and poverty will also be increased. Depending on the amount of magma that being erupted, it might take more than ten years for the soil to have good enough composition for plants to grow.</span>

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3 years ago

The break-even quanity for a certain kitchen appliance is 6000 units. The selling price is $10 per unit, and the variable cost i

Alinara [238K]

Answer:

The correct answer is $36,000.

Explanation:

According to the scenario, the given data are as follows:

Break even quantity = 6000 units

Selling price = $10 / unit

So, Sales cost = 6,000 × $10 = $60,000

Variable cost = $4 / unit

So, total variable cost = 6,000 × $4 = $24,000

So, we can calculate the fixed cost by using following method:

Fixed cost = Sales cost - Variable cost

By putting the value,

Fixed cost = $60,000 - $24,000

= $36,000.

Hence, the fixed cost is $36,000.

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3 years ago

What do you mean by Producer's Equilibrium ?????

Alika [10]

Answer:

it is refered to as profit maximization condition

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3 years ago

Read 2 more answers