Answer:
Payne should exclude Salem's January 1, Year 1, Retained Earnings and income for January 1 to September 30 from consolidated Retained Earnings and consolidated income
Explanation:
The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 would not be included in the Year 1 consolidated financial statements.
The reason is that The Retained Earnings of Salem on January 1, Year 1 and and its income during the period between January 1 and September 30 are part of the equity of the shareholders that that Payne acquired on September 30, Year 1. They would then be eliminated in the eliminating entry of the consolidating investment.
Answer:
$468,000
Explanation:
The computation of the accounts payable for raw materials is shown below:
= Remaining percentage × Raw material purchase in December month
= 60% × $780,000
= $468,000
Since we have to find out the account payable so we multiply the remaining percentage with the raw material purchase in December month. All other information are not relevant. Hence, ignored it
Answer:
The answer is B. Access to investment advice
Explanation:
In most countries, financial institutions are banks. Clients may obtain financial services from banks. The most popular purposes or characteristics of a bank or financial institution are to include accounts for people to deposit their money, check books for people to withdraw their money and do other financial activities, ATM access, and many other things.
Hope i helped have a nice day/nightt
Answer:
a. $36,310.55
b. Yes
Explanation:
a. The computation of the net present value is shown below:-
Year Net Cash Flow PV at 12% PV of Net Cash Flows
1 $63,000 0.893 $56,259
2 $46,000 0.797 $36,662
3 $83,000 0.712 $59,096
4 $159,000 0.636 $101,124
5 $41,000 0.567 $23,247
Total $276,310.55 (B)
Invested Amount $240,000 (A)
Net Present Value $36,310.55 (B - A)
b. Since the net present value comes in positive so Beyer should accept this investment
Pretty sure your answer is
<span>B. Profit margin</span>