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3 years ago

Listed below are a few events and transactions of Kodax Company.

Business

1 answer:

Arada [10]3 years ago

3 0

Answer:

Jan. 2

Investment in Associate $526,000 (debit)

Cash $526,000 (credit)

Sept. 1

Cash $138,000 (debit)

Dividend Received $138,000 (credit)

June 1

Cash $349,600 (debit)

Dividend Received $349,600 (credit)

Dec. 31

Cash $96,500 (debit)

Investment in Associate $96,500 (credit)

Explanation:

When Kodax Company purchased 92,000 shares of Grecco Co she had significant influence (more than 20% of shareholding in Grecco Co). We call this an Investment in an Associate.

The Investment in Associate is a Financial Asset to the Holder (Kodax Company) and an Equity Element to the Investee (Grecco Co) and should be recorded appropriately as above.

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Digital Fruit is financed solely by common stock and has outstanding 40 million shares with a market price of $20 a share. It no

Marina CMI [18]

Answer:

Digital Fruit

The expected market price of the common stock after the announcement is:

$20 per share.

Explanation:

Outstanding number of shares = 40 million

Market price of outstanding shares = $20 a share

Total market capitalization = $800 million

Debts introduced = $310 million

Market capitalization after the debt issue = $490 million ($800 - 310 million)

Number of shares bought back = $310 million /$20 = 15,500,000

Outstanding number of shares after the buy-back = 40 million minus 15.5 million

= 24,500,000 shares

Expected market price of the common stock after the announcement

= $490,000,000/24,500,000

= $20 per share

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3 years ago

The process of providing focus for employees and motivating them to achieve organizational gool's. Select one a. Effective b. Di

mina [271]

Answer:

directing

Explanation:

with directing you instruct your employees on what to do thus providing focus

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3 years ago

If _________ is constrained, we should __________ the staffing level to lower capacity.

Goryan [66]

Capacity is constrained when demand exceeds supply and the flow rate is equal to process capacity. The capacity constraint is a factor that prevents a business from achieving more output. 
If capacity is constrained, we should raise the staffing level to lower capacity.

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3 years ago

How many of the following statements about testing are true?

Rus_ich [418]

Answer:

The answer is E) Testing for controlling would most often involve scenario, integration and user acceptance testing.

Explanation:

In quality control, there involve a series of tests: Scenario testing, Integration testing and User acceptance testing.

Scenario testing is done once there a functionally that can be tested is developed. Under scenario testing, integration of functions is not done yet but it is possible to test the performance of the interface developed to ascertain how an end user will use it.

Integration testing involves testing the functionally of a combined unit assembled from individual units to see how well they perform as an integrated unit.

User acceptance testing is doe at the final phase to check how well it can perform in real time. This is meant to check user friendliness and ease of access.

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3 years ago

Souza Inc, which produces and sells a single product, has provided its contribution format income statement for October.

Dafna1 [17]

Answer:

d. $300

Explanation:

Calculation for what its net operating income should be closest to

Using this formula

First step is to calculate the contribution margin per unit using this formula

Contribution margin per unit= Contribution margin ÷ Number of units

Let plug in the formula

Contribution margin per unit= $48,000 ÷ 4,000 units

Contribution margin per unit= $12

Second step is to calculate the contribution margin

Contribution margin = 3,500 units × $12

Contribution margin = $42,000

Now let calculate the net operating income using this formula

Net operating income = Sales - Variable cost - Fixed expenses

Let plug in the formula

Net operating income= $42,000 - $41,700

Net operating income= $300

Therefore its net operating income should be closest to $300

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3 years ago