All of the following information should be researched before a job interview EXCEPT what?

Phillips Corporation purchased 1,000,000 shares of Martin Corporation's common stock, which constitutes 10% of Martin's voting s

Phantasy [73]

Answer:

$45,000,000

Explanation:

The computation of the value of the invested reflected on Phillips balance sheet as on Dec 31 2019 is shown below;

= Trading stock per share × Number of common stock shares purchased

= $45 per share × $1,000,000 shares

= $45,000,000

By multiplying the trading stock per share with the Number of common stock shares purchased we can get the value of the investment and the same is considered

As we have to record for Dec 31 so $45 per share is only considered

6 0

3 years ago

Harrison Corp. wants to raise its level of service to enhance customer experience. The board of directors send out an email cont

bearhunter [10]

Answer:

Downward communication

Explanation:

Within an organization, downward communication refers to any communication that starts in a higher level of the organization and flows to a lower level of the organization.

In this case, since the board of directors is the highest level of a corporation, any communication that is sent to other parts of the corporation will always be downward communication.

5 0

3 years ago

here is much dispute over the impact that the Internet has had on today’s youth. Based on the information you learned in this le

mezya [45]

Today's youth grow up with the internet. Thus they look at it differently from the previous generation who mostly use it for entertainment or research. For the youth, the internet is the way to communicate, congregate and share information of their social life. It is obvious that the internet has and will continue to change the way we live. The internet has changed education which the youth spend most of their days. Students can get access to areas of their interests. Someone can even study online without going to school.

It is a good thing in my opinion and the government should introduce computer and internet study from elementary school. That way students benefit from the unprecedented access to information the internet provides, as well as the ability to share knowledge across the globe. Millions of books, journals and other useful materials of learning are available online.

In conclusion, despite all the doubts people have about the internet being a dangerous place, it is important for the youth to have access to it.

4 0

3 years ago

Read 2 more answers

Logan Corporation issued $800,000 of 8% bonds on October 1, 2006, due on October 1, 2011. The interest is to be paid twice a yea

Aleks04 [339]

Answer:

a)

period interest interest discount amortized bond's

payment expense on BP discount carrying value

0 49,320.60 750,679.40

1 32,000 37,533.97 43,786.63 5,533.97 756,213.37

2 32,000 37,810.67 37,975.96 5,810.67 762,024.04

3 32,000 38,101.20 31,874.76 6,101.20 768,125.24

4 32,000 38,406.26 43,786.63 6,406.26 774,531.50

b)

December 31, 2017, accrued interest on bonds payable

Dr Interest expense 19,050.60

Cr Interest payable 16,000

Cr Discount on bonds payable 3,050.60

c)

total interest expense year 2007:

($37,533.97/2) + $37,810.67 + ($38,101.20/2) = $18,776.99 + $37,810.67 + $19,050.60 = $75,638.26

Explanation:

the market price of the bonds:

$800,000 / 1.05¹⁰ = $491,130.60

$32,000 x 8.1109 (PV annuity factor, 4%, 10 periods) = $259,548.80

market price = $750,679.40

discount on bonds payable $49,320.60

discount amortization first payment = (750,679.40 x 0.05) - 32,000 = 5,533.97

discount amortization second payment = (756,213.37 x 0.05) - 32,000 = 5,810.67

discount amortization third payment = (762,024.04 x 0.05) - 32,000 = 6,101.20

discount amortization fourth payment = (768,125.24 x 0.05) - 32,000 = 6,406.26

3 0

2 years ago

Uchimura Corporation has two divisions: the AFE Division and the GBI Division. The corporation's net operating income is $11,500

HACTEHA [7]

Answer:

$114,100

Explanation:

Data provided:

corporation's net operating income = $11,500

FE Division's divisional segment margin = $80,100

GBI Division's divisional segment margin = $45,500

Now,

the total segment margin

= ( FE Division's divisional segment margin ) + ( GBI Division's divisional segment margin )

on substituting the respective values, we get

the total segment margin = $80,100 + $45,500 = $125,600

Thus,

the common fixed expense not traceable to the individual divisions will be calculated as:

= the total segment margin -corporation's net operating income

on substituting the respective values, we get

= $125,600 - $11,500

= $114,100

5 0

3 years ago