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inn [45]
3 years ago
13

On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $13 per share. Baltimore obtaine

d significant influence as the purchase represents a 40% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $21,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, Towson Company reported $75,000 of net income for FY 2018. Additionally, the current market price for Towson Company's stock increased to $21 per share at the end of the year. Use this information to determine, how much Baltimore Company should report for its investment in Towson Company on December 31, 2018. (Round to the nearest dollar.)
Business
1 answer:
Norma-Jean [14]3 years ago
5 0

Answer:

$315,600

Explanation:

Ownership = 40%

Investment = $182,000                

Share of dividends = 40%*21,000 =8400

Share of income = 40%*75000 = 30000

Increase in share price = $21-$13= $8

                                                                                 investment

                                                                   Dr                                        Cr

Investment                                     $182,000

Dividend received                                                                              $8400

Income received                              $30,000

Increase in share price                    $112,000

                                                         324,000                                      315,600

                                                   

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Which of the following statements is correct regarding job order and process costing systems?
Vera_Pavlovna [14]

Answer:

The correct answer is A. A process cost accounting system is appropriate for similar products that are continuously mass produced.

Explanation:

The system of costs by processes is that by which the production costs are charged to the processes, to the accumulated systems of the production costs, by department or by cost center.

This cost system is ideal for companies such as assembly departments. Even in the financial institution where I worked, the process cost system was also used as a method of calculation and cost allocation.

8 0
3 years ago
mac, an nasm-cpt, has been working as a personal trainer at a health club for almost 3 years. he has consistently received posit
adell [148]

An opportunity which would be the most appropriate to pursue, given Mac's experience is a fitness manager.

<h3>What is NASM-CPT?</h3>

NASM-CPT is an abbreviation for National Academy of Sports Medicine Certified Personal Trainer and it can be defined as a title which is used to describe a physical fitness expert who is saddled with the responsibility of designing physical fitness exercises and conditioning programs that are based on clinical evidence and scientifically valid.

Also, NASM-CPT provide this guidance in order to help clients successfully achieve their personal health, fitness and performance goals by implementing the recommended physical fitness exercise programs while adopting suggested lifestyle modifications.

In this context, we can reasonably infer and logically deduce that an opportunity which would be the most appropriate to pursue, given Mac's experience is a fitness manager.

Read more on NASM-CPT here: brainly.com/question/28132531

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6 0
2 years ago
The ABC Company had its highest level of production in May when they produced 4,000 units at a total cost of $110,000 and its lo
Sati [7]

Answer:

$15

Explanation:

The computation of the estimated variable cost per unit by using high low method is shown below:

Variable cost per unit = (High total cost - low total cost) ÷ (Highest level activity  - lowest level activity)

= ($110,000 - $87,500) ÷ (4,000 units - 2,500 units)

= $22,500 ÷ 1,500 units

= $15

By applying the above formula we easily find the estimated variable cost per unit

7 0
3 years ago
Mary, a high school administrator, is analyzing a large amount of data about the students at her school to determine the most ef
Leni [432]

Answer:

This eliminates incorrect or irrelevant data that might skew her analysis

Explanation:

Benefits of cleaning the data includes:

  • Improved decision making. Quality data deteriorates at an alarming rate.
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3 0
3 years ago
Which factor is the least affected by interest rate changes?
ehidna [41]

Answer:

Option C. GNP

Explanation:

The business cost and the price of the product is of-course get affected by the increase or decrease in the interest rate. So both of these options are the answer to the question.

The GNP measures the value of the products and services that is owned by the country's residents which also includes the production output in warehouse, individual product holdings, etc. for the year. So GNP is least affected by the interest rate changes.

Though the value of the major investments in the foreign country can not be affected easily. Other factors that also effect the earnings from the abroad are profitability, dividend policy, taxes, etc that affects the earnings from the foreign countries. However the small investments would definitely be affected by the investments made in the foreign stock exchange with the change in the interest rate in the home country. So this change in the interest rate would definitely affect the earnings coming from abroad as the investment in foreign countries has been lessened. So can have considerable affect on the earnings coming from abroad.

8 0
3 years ago
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