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
Viktor [21]
3 years ago
11

Harrison, Inc. acquires 100% of the voting stock of Rhine Company on January 1, 2012 for $400,000 cash. A contingent payment of

$16,500 will be paid on April 15, 2013 if Rhine generates cash flows from operations of $27,000 or more in the next year. Harrison estimates that there is a 20% probability that Rhine will generate at least $27,000 next year, and uses an interest rate of 5% to incorporate the time value of money. The fair value of $16,500 at 5%, using a probability weighted approach, is $3,142.
What will Harrison record as its Investment in Rhine on January 1, 2012?
Business
1 answer:
Alchen [17]3 years ago
3 0

Answer:

$403,142

Explanation:

To calculate the amount of money that Harrison Inc. should record for its investment in Rhine Company on January 1, we have to add the initial cash payment plus the weighted future value of contingency.

total investment = $400,000 + $3,142 = $403,142

You might be interested in
Which accountants-only tool enables you to categorize a couple of transactions or a large batch of transactions in only a few cl
Paha777 [63]

Answer: Reclassify Transactions

Explanation:

The accountants-only tool that enables one to be able to categorize a couple of transactions or a large batch of transactions in only a few clicks is referred to as the reclassify transactions.

In order to reclassify transactions, one has to find the transactions that the accountant wants to reclassify first, after which the transactions would then be reclassified and then moved.

6 0
3 years ago
Why do you think fans can be so resistant to hearing stars’ political views? Have you ever changed your opinion about any celebr
ValentinkaMS [17]

Answer:

Yes

Explanation:

I believe celebrities must participate progressively in political issues. They have the right audience and stage, and they should utilize it to spread awareness. Celebrities have the right to speak up their mind, just like every other person. As I would see it, they can be influential so they should express their thoughts considering how noticeable their voice is to the general public. To me, celebrities do not change my political assessment and opinions, yet they educate me on different sentiments and help me to understand a different point of view. This practice will also encourage freedom of speech. Therefore, everyone must give their opinion on politics, specially celebrities.

8 0
3 years ago
Waterworks Irrigation was a startup that was open for only one year of operation. During that year, it collected $175,000 in rev
Komok [63]

The economic profit of Waterworks Irrigation  is $115,000.

Economic profit is revenue less explicit cost and opportunity cost.

Explicit cost is the cost incurred in the course of running the start-up. It includes administrative cost, rent and cost of raw materials.

Opportunity cost or implicit cost is the cost of the next best option that a decision maker forgoes when he chooses one option over other options.

Economic profit = revenue - explicit cost - opportunity cost

  • Revenue = $175,000
  • Explicit cost = $50,000
  • Opportunity cost = 10% x 100,000 = $10,000

$175,000 - $50,000 - $10,000 = $115,000

To learn more about economic profit, please check: brainly.com/question/15699405?referrer=searchResults

8 0
3 years ago
Last year Harrington Inc. had sales of $325,000 and a net income of $17,000, and its year-end assets were $230,000. The firm's t
choli [55]

Answer:

13.44%

Explanation:

Debt to total assets = Total Debt / Total Assets

45% = Total debt / $230,000

Total Debt = $230,000 x 45% = $103,500

As we know

Assets = debt + Equity

$230,000 = $103,500 + Equity

Equity = $230,000 - $103,500 = $126,500

Return on Equity is the measure of financial performance which can be calculated by dividing net income for the year by total shareholder's equity.

Return on equity = Net income for the year / Shareholders equity

ROE = $17,000 / $126,500 = 0.1344 = 13.44%

6 0
3 years ago
Explain the relationship between principal quantum number(n), size and energy of orbital​
Yuki888 [10]

Answer:

A total of four quantum numbers are used to describe completely the movement and trajectories of each electron within an atom. The combination of all quantum numbers of all electrons in an atom is described by a wave function that complies with the Schrödinger equation. Each electron in an atom has a unique set of quantum numbers; according to the Pauli Exclusion Principle, no two electrons can share the same combination of four quantum numbers. Quantum numbers are important because they can be used to determine the electron configuration of an atom and the probable location of the atom's electrons. Quantum numbers are also used to understand other characteristics of atoms, such as ionization energy and the atomic radius.

In atoms, there are a total of four quantum numbers: the principal quantum number (n), the orbital angular momentum quantum number (l), the magnetic quantum number (ml), and the electron spin quantum number (ms). The principal quantum number,  n , describes the energy of an electron and the most probable distance of the electron from the nucleus. In other words, it refers to the size of the orbital and the energy level an electron is placed in. The number of subshells, or  l , describes the shape of the orbital. It can also be used to determine the number of angular nodes. The magnetic quantum number, ml, describes the energy levels in a subshell, and ms refers to the spin on the electron, which can either be up or down.

The principal quantum number,  n , designates the principal electron shell. Because n describes the most probable distance of the electrons from the nucleus, the larger the number n is, the farther the electron is from the nucleus, the larger the size of the orbital, and the larger the atom is. n can be any positive integer starting at 1, as  n=1  designates the first principal shell (the innermost shell). The first principal shell is also called the ground state, or lowest energy state. This explains why  n  can not be 0 or any negative integer, because there exists no atoms with zero or a negative amount of energy levels/principal shells. When an electron is in an excited state or it gains energy, it may jump to the second principle shell, where  n=2 . This is called absorption because the electron is "absorbing" photons, or energy. Known as emission, electrons can also "emit" energy as they jump to lower principle shells, where n decreases by whole numbers. As the energy of the electron increases, so does the principal quantum number, e.g., n = 3 indicates the third principal shell, n = 4 indicates the fourth principal shell, and so on.

Explanation:

3 0
3 years ago
Other questions:
  • Nigel currently has a balance of $668.47 in an account he has held for 15 years. he opened the account with an initial deposit o
    15·1 answer
  • Pptp is a protocol that is ideally meant for _____.
    15·1 answer
  • TB MC Qu. 5-49 Walbin Corporation uses the weighted-average method... Walbin Corporation uses the weighted-average method in its
    10·1 answer
  • In the 21st century, we define justice as:
    14·1 answer
  • 1. If two short-term assets offer different interest rates, then investors will move their wealth towards the asset with the low
    14·1 answer
  • Which answer best describes an unsubsidized federal loan?
    5·2 answers
  • According to the U.S. Department of Transportation, the construction of tunnels is one of the greatest challenges encountered du
    5·1 answer
  • If you're paying a bill for the office that has "5%, 10 days" stamped across it, how much would you write a check for if you wer
    15·1 answer
  • On January 1, 2021, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
    5·1 answer
  • Workers paid $15.00 per hour with an overhead charge of 1.45 and a personal time allowance of 1.15, have what total direct labor
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!