Answer:
The budgeted cash payment for September = $37600
Explanation:
Below is the calculation for budgeted cash payments:
The payment for the month August = 40% of 40000 = $16000
The payment for the month September = 60% of 36000 = $21600
In order to find the budgeted cash payment for September, just add the payment for august and September.
The budgeted cash payment = 16000 + 21600
The budgeted cash payment for september = $37600
Answer:
the increase in additional paid in capital is $13,000
Explanation:
The computation of the increase in additional paid in capital is shown below:
= (Average price per share - par value of shares) × number of shares
= ($21 - $8) × 1,000
= $13 × 1,000
= $13,000
hence, the increase in additional paid in capital is $13,000
This answer is true, because merchandisers design window displays, t shirts, and all kinds of stuff
Answer:
$7,176,000
Explanation:
We will calculate the sbsidiary net gain and add it to the firm income to get the consolidated net income:
Little income 864,000
amortization on acquisition investment <u> (48,000) </u>
net gain on subsidiary 816,000
Big income 6,360,000
big income + income from subsidiary = 6,360,000 + 816,000 = 7,176,000
This will be the consolidated net income.
The dividends do not impact the net income.
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