Which of the following statements about first-line managers is true?

On January 1, Puckett Company paid $1.6 million for 50,000 shares of Harrison's voting common stock, which represents a 40 perce

Studentka2010 [4]

Answer: the correct answer is $1,724,000

Explanation: $560,000 x 0.40= 224,000 (net income times percentage of Harrison's voting common stock)

$2/ share x 50,000= (100,000) (the company paid 2$ dollars per share and there are 50000 shares)

1.6 million + 224,000 - 100,000= $1,724,000

6 0

3 years ago

Baillie Power leased high-tech electronic equipment from Courtney Leasing on January 1, 2021. Courtney purchased the equipment f

Sholpan [36]

Answer:

Beginning Installment Interest Ending

1 144,605.00 20,000 0 124,605

2 124,605.00 20,000 3,738.15 108,343

3 108,343.15 20,000 3,250.29 91,593

4 91,593.44 20,000 2,747.80 74,341

5 74,341.25 20,000 2,230.24 56,571

6 56,571.48 20,000 1,697.14 38,269

7 38,268.63 20,000 1,148.06 19,417

8 19,416.69 20,000 582.50 0

Journal entries:

Cash 20,000 debit

lease receivables 124,605 debit

Lease Equipment 144,605 credit

--Jan 1st

cash 20,000 debit

interest revenue 3,738.15 credit

--March 31st

cash 20,000 debit

interest revenue 3,250.29 credit

lease receivables 16749.71 credit

--June 30th

cash 20,000 debit

interest revenue 2,747.80 credit

lease receivables 17252.20 credit

--Sep 30th

cash 20,000 debit

interest revenue 2,230.24 credit

lease receivables 17,769.76 credit

--Dec 31st

Explanation:

<em><u>Present value of the lease payment:</u></em>

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

C 20,000

time 8 (eight quarters)

rate 0.03 (12% annual --> divided among four quarters = 3%)

$20000 \times \frac{1-(1+0.03)^{-8} }{0.03} = PV\\$

PV $144,605.6591

We build the table starting from the present value. Then, we subtract hte installment and in the second period we start doing interest calculations

(not in the firt one as it is being paid in the present thus, no interest accrued)

8 0

3 years ago

The international illegal trade in wildlife brings in an average of ____.

Zanzabum

These benefactors would earn around $600,000 USD per hour. Many poachers often earn a lot from wildlife trade because of its rarity. Many endangered animals like the elephants and rhinos are often hunted because of their ivory tusk which cost around $1,500 USD per pound. The greater the number they get the higher the price they received.

4 0

4 years ago

When a customized product is manufactured separately, it is referred to as ____ production:multiple choicea processa job ordera

storchak [24]

When a customized product is manufactured separately, it is referred to as Job order production.

<h3>Job Order Production</h3>

Manufacturing bespoke or distinctive goods for specific clients is known as job order production.
Because every order or job is a customized order submitted by the customer, job order production is also sometimes referred to as job order manufacturing or bespoke production. Frequently, only one copy of a custom job is made.
Custom products made in bulk are the focus of many producers. Customers bring designs or products in mind for custom products, which the manufacturer develops and produces.
Print shops and studios are excellent examples of custom manufacturers. With a design for 100 graduation invitations, a consumer might go to his neighborhood print shop.

To learn more about Job Order Production refer to:

brainly.com/question/14311206

#SPJ4

5 0

2 years ago

Robert is considering buying lunch and a new car. What is one factor he should consider about the car that is unnecessary to con

KATRIN_1 [288]

Answer:

Maintenance Cost

Explanation:

Once you purchase a lunch and consume it there is no cost related to maintenance of the lunch.

8 0

3 years ago