Suppose an investment of 10,000 doubkes in value every 13 years. how much is the investment

Plastic Company purchased 100 percent of Spoon Company's voting common stock for $648,000 on January 1, 20X4. At that date, Spoo

ANTONII [103]

Answer:

The amount of investment income is $52,000

Explanation:

Assets of $690,000

Liabilities of $230,000

Spoon's assets were equal except for land, which had a fair value $108,000 more than book value, and equipment, which had a fair value $80,000 more than book value.

Net income of $68,000

Paid dividends of $34,000

Proportionate share of reported income

Share in income from investment = 68000 × 100% = $68,000

Depreciation on equipment = (80,000 ÷ 5) = ($16,000)

Amount of investment income = $68,000 - $16,000

= $52,000

8 0

3 years ago

When should you open a credit card account?

vaieri [72.5K]

When you have a plan for paying it back.

3 0

3 years ago

Read 2 more answers

Sally and Samantha have decided to form a partnership. They have agreed that Sally is to invest $195,000 and that Samantha is to

lapo4ka [179]

Answer/Explanation:

a. Equal division.

$235,000 / 2 = $117,500.

b. In the ratio of original investments.

For Samantha = 65,000 / (65000+195000) * 100 = 25%;

25% of $235,000= $58,750.

For Sally = 195,000 / (65000+195000) * 100 = 75%;

75% of $235,000= $176,250

c. In the ratio of time devoted to the business.

For Sally = 1 x $235,000 = $235,000

For Samantha= 1/2 x $235,000.

d. Interest of 5% on original investments and the remainder equally.

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - 3,250 + 9750 = $222,000/2= $111,000 equally.

e. Interest of 5% on original investments, salary allowances of $50,000 to Sally and $85,000 to Samantha, and the remainder equally

Interest

For Sally= 5% of $195,000 = $9,750

For Samantha= 5% of $65,000 = $3,250.

The remainder= 235,000 - (9750+50000+3250+85000)= $87,000

(g), except that Samantha is also to be allowed a bonus equal to 20% of the amount by which net income exceeds the total salary allowances

Total salary allowances= $85,000+$65,000=$150,000;

Net income exceeds value by $235,000-$150,000= $85,000

Therefore, 20% of 85,000 = $8,500 as bonus.

5 0

3 years ago

It is early in the year, and Keesha would like to start saving money for next year’s holiday presents. What type of account shou

tigry1 [53]

Keesha should open up a savings account if she is trying to save money for holiday gifts

3 0

3 years ago

Many consumers buy soft drinks and potato chips together when they shop at a grocery, convenience, or mass merchandiser store. B

Molodets [167]

Answer:

Data mining

Explanation:

Data mining is the process in which we can extract the raw data into useful data that would become beneficial for the company.

Large data is available and if we take the data i.e important or useful so this process we called data mining

In the given situation, it is discovered that when the consumers purchased a sandwich so many customers purchased toothpaste along with it. And for extracting the hiding information from its MIS the store used the data mining technique.

8 0

4 years ago