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3 years ago

A person's total "net worth" =

Business

1 answer:

iren [92.7K]3 years ago

4 0

An average teenagers/ young adults net worth is $9,632

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Where are goods and services sold to consumers?

Luba_88 [7]

Answer:

commodity are the goods and services sold to consumers

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3 years ago

Which of the following about associate's degrees are true? a. You may transfer part or all of your associate's degree courses to

grin007 [14]

C, associates degree doesn't offer financial aid

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3 years ago

Read 2 more answers

Equity method journal entries (price greater than book value) An investor purchases a 25% interest in an investee company, and t

Crazy boy [7]

Answer:

See answer an explanation below.

Explanation:

The journal entries will look as follows:

General Journal

Description Debit ($) Credit ($)

Equity investment 145,000

Cash 145,000

(To record purchase of investment.)

Cash 25,000

Income from equity investment (w.1) 25,000

(To record equity income.)

Cash 20,000

Equity investment 20,000

(To record receipt of cash dividend.)

Income from equity investment 2,000

Equity investment (w.2) 2,000

(To record patent amortization expense.)

Cash 180,000

Gain on sale of equity invest. (w.4) 32,000

Equity investment (w.3) 148,000

(To record sale of investment.)

Workings

w.1: Income from equity investment = Investee's net income * Percentage of interest = $100,000 * 25% = $25,000

w.2: Equity investment = (Patent value / Remaining useful life) * Percentage of interest = ($80,000 / 10) * 25% = $8,000 * 25% = $2,000

w.3: Equity investment = $145,000 + $25,000 - $20,000 - $2,000 = $148,000

w.4: Gain on sale of equity investment = Sales proceed - w.3 = $180,000 - $148,000 = $32,000

4 0

3 years ago

ransfers real estate worth $180,000 (basis of $40,000) andservices (worth $20,000) rendered in organizing the corporation. Each

MrRissso [65]

Answer:

Emily has a basis of $60,000 in the shares of Red Corporation.

Explanation:

Emily's basis for Red Corporation's stock = real estate ($40,000) + service ($20,000) = $60,000

Sarah's basis for Red Corporation's stock = computers ($80,000) = $80,000

Even though both Emily and Sarah received 600 shares each, the basis for her tax calculations are different.

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3 years ago

At Wegman's, employees are empowered to meet customer needs without seeking a manager's permission. This is an example of

mr_godi [17]

The scenario that's illustrated by Wegman is simply known as A. Job enrichment.

<h3>What is job enrichment?</h3>

It should be noted that job enrichment simply means a process whereby there are different dimensions added in order to make a job more motivating.

In this case, employees are empowered to meet customer needs without seeking a manager's permission abs this is an example of job enrichment.

Learn more about job enrichment on:

brainly.com/question/5948212

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3 years ago