1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
V125BC [204]
3 years ago
5

Winston Corporation owns 25% of the voting stock of Tole Corporation and uses the equity method in recording the investment. Tol

e Corporation reported a $50,000 net loss. Winston Corporation's entry would include a
a. debit to the investment account for $50,000.
b. debit to the cash account for $12,500.
c. debit to the investment account for $12,500.
Business
1 answer:
Usimov [2.4K]3 years ago
5 0

Answer:

c. debit to the investment account for $12,500.

Explanation:

The computation is shown below:

= Net loss reported × owning percentage

= $50,000 × 25%

= $12,500

Simply we multiplied the reported net loss and its owning percentage so that the accurate loss amount can come

Since it is a net loss, so it would be debited to the investment account for $12,500

Hence, all other options are wrong except option c.

You might be interested in
Preparing an Overhead Budget Patrick Inc. makes industrial solvents. Budgeted direct labor hours for the first 3 months of the c
Sergio [31]

Answer:

January:

Total overhead= $11,948

February:

Total overhead= $11,360

March:

Total Overhead= $13,302.5

Explanation:

Giving the following information:

Budgeted direct labor hours for the first 3 months of the coming year are:

January= 13,140

February= 12,300

March 15,075

The variable overhead rate is $0.70 per direct labor hour. Fixed overhead is budgeted at $2,750 per month.

To calculate the total overhead for each month, we need to sum the total variable overhead and the fixed overhead. <u>Total variable overhead is the result of applying the variable overhead rate multiplicated with the direct labor hour.</u>

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

January:

Total overhead= (0.70*13,140) + 2,750= $11,948

February:

Total overhead= (0.70*12,300) + 2,750= $11,360

March:

Total Overhead= (0,70*15,075) + 2,750= $13,302.5

3 0
3 years ago
Helen, who is single, is considering purchasing a residence that will provide an $18,000 tax deduction for property taxes and mo
GenaCL600 [577]

Answer:

amount of tax saving is $4320

Explanation:

given data

tax deduction = $18000

marginal tax rate = 24%

effective tax rate = 20%

to find out

amount of tax saving

solution

we know tax saving formula that is

tax saving = tax deduction × marginal tax  ........................1

so now put here all value in equation 1

tax saving = tax deduction × marginal tax

tax saving = 18000 × 24%

tax saving = 18000 × 0.24

tax saving = 4320

so amount of tax saving is $4320

4 0
2 years ago
Kirk McCoy is district sales manager for the Jimmy Dean division
arlik [135]

Answer: centralized

Explanation:

Based on the information given in the question, we can infer that McCoy operates a centralized department.

This is a centralized department because McCoy takes the decisions in the organization. In a centralized department, the organizational structure is such that the power regarding the decision is confined to top management, while the followers just follow the instructions

8 0
2 years ago
Zeitler's Department Stores sells its products online and through traditional brick-and-mortar stores. The following parallel co
irakobra [83]

Question Completion:

Choose the correct answer below

(1) in-store customers appear to be middle aged, have higher annual income and live further distance away from a store

(2) in-store customers appear to be generally younger, have lower annual income and live near a store

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

(4) Online customers appear to be middle aged, have lower annual income and live near a store

Answer:

Zeitler's Department Stores

Online and In-store Customers:

According to the parallel coordinates plot, online customers are differentiated from in-store customers in the following ways:

(3) Online customers appear to be generally younger, have higher annual income and live further distance away from a store

Explanation:

Younger persons tend to embrace technology more than their older counterparts.  Based on this, they also engage on online purchasing of goods and services instead of visiting the traditional brick-and-mortar stores.  With online purchase, a customer is in better control because she can search for the best deals from any location.

7 0
2 years ago
In a compensatory stock option plan for which the grant and exercise dates are different, the stock options outstanding account
NeTakaya

Answer:

The correct answer is D

Explanation:

The compensatory stock option is the option which is given or provided to the employee, providing the ability for purchasing the certain number of the shares of the company at the price which is the pre- determined one along with the pre- determined range of the date.

And the stock options which have the outstanding account that should be decreased or reduced at the date of exercise.

3 0
2 years ago
Other questions:
  • Knowing the uses of Word can help people make decisions on how best to navigate the application.
    10·2 answers
  • Suppose the daily change in price of a stock is normally distributed with mean = .20 and standard deviation = .30. What price ch
    6·1 answer
  • Complete the following sentence.
    12·1 answer
  • You are thinking of investing in Ski Sports, Inc. You have only the following information on the firm at year-end 2018: net inco
    9·1 answer
  • Managing values in the workplace legitimizes managerial actions and strengthens the coherence and balance of the organization’
    10·1 answer
  • Joseph is a sales manager for ETC Corporation. ETC is a manufacturer of high-end kitchen appliances for restaurants. Nicole has
    6·1 answer
  • Which of the following is not an example of how media coverage of the Space Race affected the economy?
    11·2 answers
  • Sierra Company incurs the following costs to produce and sell a single product.Variable costs per unit:Direct materials $ 11Dire
    5·1 answer
  • City Auto Parts recently traded in store fixtures. The exchange had commercial substance. The old fixtures had a cost of $48,000
    9·1 answer
  • As the number of multinational corporations continues to grow, we are experiencing a greater number of international ethical dil
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!