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:
Q = 10
Explanation:
Assuming that supply remains the same, the new supply and demand equations are, respectively:
The equilibrium quantity occurs at the point for which the prices in the supply and demand equations are the same:
The new equilibrium quantity is Q = 10.
Answer:
8.5%
Explanation:
The computation of the percentage offer on its commercial paper is presented below:
= Annualized T-bill rates + credit risk premium + liquidity premium
= 8% + 0.3% + 0.2%
= 8% + 0.5%
= 8.5%
In order to determine the percentage offer it would be 8.5% by considering all the percentage rate that is mentioned in the question
Unclear question. I provided some information on national income statistics.
<u>Explanation:</u>
The national income statistics is an economic indicator that tells us the value of goods and services (as in this case in billion of dollars) produced by a country's economy.
Information about the national income statistics of a country is usually published by the World Bank; an internal financial institution.
Answer:
Replication
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