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Sunny_sXe [5.5K]
3 years ago
14

Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $12,300

. The AFE Division's divisional segment margin is $84,100 and the GBI Division's divisional segment margin is $48,700. What is the amount of the common fixed expense not traceable to the individual divisions?
Business
1 answer:
Tom [10]3 years ago
3 0

Answer:

$120,500

Explanation:

Uchimura Corporation

Total Company

Divisional segment margin $132,800

($84,100 + $48,700)

Less common fixed costs not traceable to the individual divisions X

Net operating income $ 12,300

Hence:

Common fixed costs not traceable to the individual divisions= $132,800 − $12,300

= $120,500

Therefore the amount of the common fixed expense not traceable to the individual divisions will be $120,500

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Foghorn Company entered into a sales transaction in which it agreed to receive common stock from Leghorn Corporation as payment
Sedbober [7]

Answer:

The journal entry should be:

Dr Investment in Leghorn Corporation XX

    Cr Accounts receivable XX

Explanation:

Foghorn Company must record the noncash payment as an asset which should be equal to the amount of money that it generally would have collected from the services provided. Since the payment is done through stocks, it must record that collection as an investing account.

Since transferring stocks usually takes a couple of days at least, the original journal entry should have recorded a debit to accounts receivable and a credit to service revenue.

8 0
3 years ago
Which one of the following statements concerning venture capital financing is incorrect? Multiple Choice Venture capitalists des
ziro4ka [17]

Answer:

The incorrect statement about Venture capitalists is:

Venture capitalists usually assume active roles in the management of the financed firm.

Explanation:

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Venture capital financing is the type of funds that are given to invested into viable businesses in their budding stage by investors that see long term growth potential in them. it is a form of private equity.

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3 0
3 years ago
A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a:
aivan3 [116]
<span>A benefit that is sought by an interest group and that once achieved cannot be denied to nonmembers is called a free rider. The free rider problem is created from market failure because people take advantage of being able to use common resources or collective goods without being able to pay for </span>them. 
8 0
3 years ago
Kaspar Corporation makes a commercial-grade cooking griddle. The following information is available for Kaspar Corporation's ant
Leto [7]

Answer:

Total cost per unit is $77

Explanation:

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7 0
3 years ago
During 2015 Lopez Corporation reported net sales of $3,200,000 and net income of $1,200,000. Its balance sheet reported average
Sholpan [36]

The asset turnover is 2.4 times.

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8 0
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