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3 years ago

14

The firm's period between paying suppliers for products and collecting funds from customers who purchase these products is refer

red to as the _________.
a. earnings cycle
b. cash conversion cycle
c. inventory turnover cycle
d. liquidity period cycle
e. trade cycle

1 answer:

lozanna [386]3 years ago

3 0

Answer: b

Explanation: i checked

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Smithland is a nation with a traditional economy. economic decisions in smithland are based on

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THREE reasons except politics for the looting of shops,malls and the destruction of business property in GAUTENG and KwaZulu Nat

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On January 2, 2014, Best Beverages acquired 45 percent of the stock of Better Bottlers for $30 million in cash. Best Beverages a

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Answer:

Calculation of 2014 equity in net income

Better Bottler's net income $1,125,000

($2,500,000* 45%)

Less: Amortization of patents and $450,000

trademarks revaluation

(160-150* 1000,000/10 at 45%)

Less: Amortization of brand names $270,000

($9000,000 /15 at 45%)

Equity in net income of Better bottles $405,000

Journal entries

Description Debit Credit

Investment in better bottles $405,000

Equity in net income of better bottle $405,000

Cash $292,500

($650,000 * 45%)

investment in better bottles $292,500

b) Calculation of investment balance

Investment balance, Jan 2,2014 $30,000,000

+ Reported income less dividends $5,400,000

($25,000,000 equity - $13,000,000 retained

earnings) * 45%

- 4 yr of revaluation write off

($450,000 * 4) $1,800,000

($270,000 *4) <u>$1,080,000</u>

Investment balance, Dec 31, 2017 <u>$32,520,000</u>

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