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IgorLugansk [536]
4 years ago
12

Whispering Corporation had income from continuing operations of $10,775,400 in 2020. During 2020, it disposed of its restaurant

division at an after-tax loss of $200,100. Prior to disposal, the division operated at a loss of $321,500 (net of tax) in 2020 (assume that the disposal of the restaurant division meets the criteria for recognition as a discontinued operation). Whispering had 10,000,000 shares of common stock outstanding during 2020. Prepare a partial income statement for Whispering beginning with income from continuing operations. (Round earnings per share to 2 decimal places, e.g. 1.48.)
Business
1 answer:
pantera1 [17]4 years ago
8 0

Answer:

                                   Whispering Corporation

                             Partial income statement for 2020

Income from continuing operations                           $10,775,400

Income from discontinuing operation:

Division operated loss                             ($321,500)

Division disposal Loss                            <u> ($200,100) </u>

                                                                                    <u>($521,600)</u>

Net Income                                                                  $<u>10,253,800</u>

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Which of the following factors will help the United States regain comparative advantages in industries in which it has lost comp
bija089 [108]

Answer:

U.S. dollar falls.

Explanation:

Comparative advantage is defined as the ability of a nation to produce a good or service at lower cost than other countries that also produce the good. This is the basis of international trade because countries tend to specialise in producing the products in which they have comparative advantage, while importing those in which they do not have comparative advantage.

If the United States has lost comparative advantage in an industry. To regain it if the US dollar loses value, the wages in the United States will be lower than those in other countries. The relatively lower wage will help the United States regain competitive advantage.

7 0
4 years ago
Pedro is an exceptional writer and public speaker. As President of his school's chapter of the Society for Human Resource Manage
Sauron [17]

Answer:

Pedro is looking to utilize his soft skill set

Explanation:

A skill is an ability to perform an activity in a competent manner.

There are 2 types of skills,  the hard ones and the soft skills.  

The hard skills are teachable abilities or skills that are easy to quantify.

The soft skills are the people abilities,  such as ,  communication, flexibility,  leadership, team work ,  time management, business management.  

7 0
4 years ago
Montana governor Johnny B. Goode made a campaign appearance with several police officers in uniform lined up behind him. The pro
Gre4nikov [31]

Answer:

b. He tried to control the message in an uncontrolled media environment

Explanation:

Since in the question it is mentioned that Montana law prohibited the paid public employees while in the uniform. ALso Goode faced tough questions at the same time the results are not in the favor so here he tried for controlling the message in the non-controlled media environment so that everything would become normal

hence, the  option b is correct

7 0
3 years ago
The adjusted trial balance for Marigold Corp. at the end of the current year, 2021, contained the following accounts. 5-year Bon
True [87]

Answer:

c. $3449000.

Explanation:

The relevant long-term liabilities items are as follows:

5-year Bonds Payable 8% = $3,000,000

Premium on Bonds Payable = $98,000

Notes Payable (5 yr.) = $167,000

Mortgage Payable ($15000 due currently) = $199,000 - $15,000 = $184,000

Therefore, we have:

Total long-term liabilities = $3,000,000 + $98,000 + $167,000 + $184,000 = $3,449,000.

8 0
3 years ago
Dée Trader opens a brokerage account and purchases 400 shares of Internet Dreams at $28 per share. She borrows $3,000 from her b
yawa3891 [41]

Answer and Explanation:

The computation is shown below:-

a. Margin

Equity account = Number of shares × Price per share

= 400 × $28

= $11,200

Margin = Purchase price - Money borrowed from the broker

= $11,200 - $3,000

= $8,200

b. Remaining margin

Equity account = Number of shares × Price per share

= 400 × $18

= $7,200

Total liability = Borrowed amount × 1.12

= $3,000 × 1.12

= $3,360

Remaining margin = Equity value - Liability to the broker

= $7,200 - $3,360

= $3,840

Remaining margin ratio = Remaining margin ÷ Equity value

= $3,840 ÷ $7,200

= 53.33%

c. As per the information maintenance margin requires 30%

No, maintenance margin requires 30% and the remaining martin is 53.33% then it will no margin calls

d. Rate of return

Rate of return = (Return - Initial inventment) ÷ Initial investment

= ($3,840 - $8,200) ÷ $8,200

= -53.17%

5 0
4 years ago
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