All categories

3 years ago

Help!! i will give brainliest. no plagiarism. show your work .

Business

1 answer:

9966 [12]3 years ago

3 0

Answer:

Please see the answer below:

Explanation:

Balance of Non-Cash Assets = Sale Price - Cost Price

Balance of Non-Cash Assets = $275,000 - ($73,000 + $157,000)

Balance of Non-Cash Assets = $275,000 - $230,000 = $45,000

The Balance on Other Assets sold should be divided equally:

Abel = $50,000 + [$45,000 x 1 / 3] = $50,000 + $15,000 = $65,000

Barney = $50,000 + [$45,000 x 1 / 3] = $50,000 + $15,000 = $65,000

Cole = $87,000 + [$45,000 x 1 / 3] = $87,000 + $15,000 = $102,000

You might be interested in

A T-bill that is 290 days from maturity is selling for $96,040. The T-bill has a face value of $100,000.

umka2103 [35]

Answer: a 0.049, 0.05 and 0.05 or 5%

b 0.039, 0.041 and 0.041 or 4%

Explanation:

Ai discounted yield = [(Face value - purchase price)/Face value] * 360/ maturity

Discount yield =:[(100000 - 96040)/100000] * 360/290

= 0.0396* 1.24

= 0.049

ii. Bond equivalent yield (BEY) = [(Face value - purchase price)/purchase value] * 365/M

BEY= [(100000 - 96040)/96040] * 365/290

BEY = 0.05

iii EAR = [(1+BEY/n)exp n - 1)

EAR = [(1 + 0.05/(365/290)) exp (360/290) - 1]

EAR = [(1 + 0.05/1.26) exp (1.26) - 1

EAR = (1.04) exp (1.26) - 1

EAR = 0.05 or 5%

The same formula are applied for the B part

Discount yield = [(100000-96040)/100000] * 360/365

Discount yield = 0.0396 * 0.986

= 0.039

B ii. BEY = [(100000 - 96040)/96040] * 365/365

BEY = 0.041 × 1

BEY = 0.041

B iii. EAR = [(1 + 0.041/(365/365))exp (365/365) - 1

EAR = (1 + 0.41) - 1

EAR = 0.041 or 4%

4 0

3 years ago

"When a parent uses the partial equity method throughout the year to account for its investment in an acquired subsidiary, which

Sedaia [141]

Options for the first question:

a? Goodwill will be recognized if acquisition value exceeds fair value of net assets acquired.

b? Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

c? Subsidiary net assets are valued at their book values before consolidating entries are made.

d? Parent company net income will exceed controlling interest in consolidated net income when fair value of depreciable assets acquired exceeds book value of depreciable assets.

e? Parent company net income will equal controlling interest in consolidated net income when initial value, book value, and fair value of the investment are equal.

Information regarding the second question:

Book Value Fair Value

Buildings (10-year life) $10,000 $8,000

Equipment (4-year life) $13,000 $17,000

Land $5,000 $12,000

In consolidation at January 1, 2017, what adjustment is necessary for Hogan's Equipment account?

Answer:

Answer to the first question:

B) Parent company net income will be less than controlling interest in consolidated net income when fair value of net assets acquired exceeds book value of net assets acquired.

Answer to the second question:

The fair market value of the equipment is higher than the book value, therefore the equipment account must increase by = $17,000 - $13,000 = $4,000

Explanation:

The partial equity method is used when the company's stake is not significant in the subsidiary or when the parent doesn't exercise operating control over the subsidiary.

3 0

3 years ago

Choose the accurate project management tool from the drop-down menu. includes planning out the amount of time that is spent on i

Kisachek [45]

Answer:

time management

prioritizes

storyboard

Explanation:

e2021, got it right

5 0

2 years ago

17. managers apply program management principles to ensure that programs and their components are appropriately planned, control

strojnjashka [21]

The correct answers to the given questions are given below:

Operations
Competing
Direct reporting stakeholders
Only virtual meetings
Program Stakeholder Engagement
Appetite
Organizational project management
Are only one part of
Benefits management plan
Governance complexity
Formulation
Risk
Discussion
Program

<h3>What is Risk Appetite?</h3>

This refers to the risk capacity of a company with regards to the maximum risk which it is ready to accommodate in the production process

Read more about risk appetite here:
brainly.com/question/25658781

4 0

1 year ago

On November 1, 2018, Quantum Technology, a geothermal energy supplier, borrowed $16 million cash to fund a geological survey. Th

coldgirl [10]

Answer:

cash 16,000,000 debit

note payable 16,000,000 credit

-- to record issuance of the note--

interest expense 240,000 debit

interest payable 240,000 credit

--to record december 31th adjsuting entry--

note payable 16,000,000 debit

interest expense 1,200,000 debit

interest payable 240,000 debit

Cash 17,440,000 credit

-- to record honor of the note --

Explanation:

Timeline

<--//---------------//-------------------------//-->

Issuance adjusting entry maturity

Issuance: the note enter the accounting at his face value along with the cash received.

adjusting entry at year-end

the company recognize the accued interest expense for 2 complete months (Nov 1st to Dec 31th)

16,000,000 x .12 x 2/12 = 240,000

at maturity Quantum Technology pays the principal and interest:

16,000,000 x .12 x 9/12 = 1,440,000

but a portion of this interest are accrued already an recognize as a payable so we write-them off.

5 0

3 years ago